Axa raised its position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 89.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 24,501 shares of the basic materials company’s stock after acquiring an additional 11,540 shares during the period. Axa’s holdings in Steel Dynamics were worth $1,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of STLD. UBS Asset Management Americas Inc. raised its position in shares of Steel Dynamics by 125.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,431,743 shares of the basic materials company’s stock worth $61,751,000 after buying an additional 797,142 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Steel Dynamics by 2.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 814,514 shares of the basic materials company’s stock worth $28,077,000 after buying an additional 16,071 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Steel Dynamics by 13.2% during the 3rd quarter. Prudential Financial Inc. now owns 4,619,005 shares of the basic materials company’s stock worth $159,217,000 after buying an additional 539,480 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Steel Dynamics by 11.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 393,331 shares of the basic materials company’s stock worth $16,965,000 after buying an additional 39,951 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of Steel Dynamics during the 3rd quarter worth about $944,000. 85.42% of the stock is owned by hedge funds and other institutional investors.

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Shares of Steel Dynamics, Inc. (NASDAQ:STLD) opened at $42.92 on Friday. The company has a quick ratio of 2.29, a current ratio of 4.04 and a debt-to-equity ratio of 0.74. Steel Dynamics, Inc. has a fifty-two week low of $32.15 and a fifty-two week high of $50.70. The company has a market cap of $10,724.72, a P/E ratio of 12.74, a P/E/G ratio of 0.92 and a beta of 1.27.

Steel Dynamics (NASDAQ:STLD) last released its earnings results on Monday, January 22nd. The basic materials company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. Steel Dynamics had a net margin of 8.52% and a return on equity of 21.48%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.17 billion. analysts predict that Steel Dynamics, Inc. will post 4.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Saturday, March 31st will be issued a $0.1875 dividend. This is an increase from Steel Dynamics’s previous quarterly dividend of $0.16. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Wednesday, March 28th. Steel Dynamics’s payout ratio is presently 18.40%.

STLD has been the topic of a number of recent analyst reports. KeyCorp restated a “buy” rating and set a $44.00 price target on shares of Steel Dynamics in a research report on Friday, November 24th. ValuEngine downgraded shares of Steel Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. BidaskClub upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating in a research report on Tuesday, December 12th. Cowen set a $43.00 price target on shares of Steel Dynamics and gave the stock a “buy” rating in a research report on Monday, December 18th. Finally, Longbow Research upgraded shares of Steel Dynamics from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $47.92.

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About Steel Dynamics

Steel Dynamics, Inc is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.

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

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