Menta Capital LLC purchased a new position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,799 shares of the basic materials company’s stock, valued at approximately $565,000.

Several other hedge funds also recently bought and sold shares of the stock. Valeo Financial Advisors LLC boosted its holdings in shares of Steel Dynamics by 36.4% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,124 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 300 shares during the period. JOYN Advisors Inc. boosted its holdings in shares of Steel Dynamics by 34.7% during the fourth quarter. JOYN Advisors Inc. now owns 1,164 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 300 shares during the period. Ffcm LLC boosted its holdings in shares of Steel Dynamics by 59.3% during the fourth quarter. Ffcm LLC now owns 924 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 344 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Steel Dynamics by 28.2% during the fourth quarter. Penserra Capital Management LLC now owns 2,071 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 455 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Steel Dynamics by 6.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,500 shares of the basic materials company’s stock worth $255,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 78.22% of the company’s stock.

Several analysts recently commented on the stock. BidaskClub cut shares of Steel Dynamics from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 28th. ValuEngine cut shares of Steel Dynamics from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 27th. Zacks Investment Research upgraded shares of Steel Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Cowen started coverage on shares of Steel Dynamics in a report on Tuesday, January 8th. They set a “market perform” rating and a $32.00 price target for the company. Finally, UBS Group set a $36.00 price objective on shares of Steel Dynamics and gave the company a “hold” rating in a research report on Monday, December 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. Steel Dynamics presently has a consensus rating of “Buy” and a consensus price target of $50.18.

Shares of STLD opened at $35.12 on Friday. The company has a market cap of $7.87 billion, a P/E ratio of 6.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.13 and a current ratio of 3.96. Steel Dynamics, Inc. has a twelve month low of $28.91 and a twelve month high of $52.10.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings data on Tuesday, January 22nd. The basic materials company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.06. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.93 billion. Steel Dynamics had a net margin of 10.65% and a return on equity of 35.44%. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. Analysts predict that Steel Dynamics, Inc. will post 4.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Sunday, March 31st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, March 29th. This is a positive change from Steel Dynamics’s previous quarterly dividend of $0.19. Steel Dynamics’s dividend payout ratio (DPR) is presently 13.66%.

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About Steel Dynamics

Steel Dynamics, Inc, together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment provides hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; merchant bar products, including angles, merchant rounds, flats, channels, and reinforcing bars; beams, channels, and specialty steel sections; and threaded rod products, and cold drawn and heat treated bars.

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Institutional Ownership by Quarter for Steel Dynamics (NASDAQ:STLD)

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