Boston Partners boosted its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 11.9% during the second quarter, Holdings Channel reports. The institutional investor owned 16,383,812 shares of the basic materials company’s stock after buying an additional 1,742,242 shares during the period. Boston Partners owned 0.07% of Steel Dynamics worth $586,703,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of STLD. Raymond James Trust N.A. boosted its position in Steel Dynamics by 27.4% in the first quarter. Raymond James Trust N.A. now owns 14,050 shares of the basic materials company’s stock valued at $488,000 after buying an additional 3,019 shares in the last quarter. Bank of Montreal Can boosted its position in Steel Dynamics by 8.4% in the first quarter. Bank of Montreal Can now owns 3,524,976 shares of the basic materials company’s stock valued at $122,528,000 after buying an additional 273,102 shares in the last quarter. Capstone Asset Management Co. boosted its position in Steel Dynamics by 3.1% in the first quarter. Capstone Asset Management Co. now owns 20,443 shares of the basic materials company’s stock valued at $711,000 after buying an additional 620 shares in the last quarter. Banced Corp boosted its position in Steel Dynamics by 9.0% in the first quarter. Banced Corp now owns 9,487 shares of the basic materials company’s stock valued at $330,000 after buying an additional 785 shares in the last quarter. Finally, Cornerstone Financial Partners LLC purchased a new position in Steel Dynamics during the first quarter valued at about $2,258,000. Hedge funds and other institutional investors own 84.05% of the company’s stock.

Steel Dynamics, Inc. (STLD) opened at 35.51 on Thursday. Steel Dynamics, Inc. has a 12 month low of $22.79 and a 12 month high of $40.17. The firm has a market cap of $8.57 billion, a PE ratio of 16.31 and a beta of 1.23. The stock’s 50 day moving average is $35.78 and its 200 day moving average is $35.22.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings data on Wednesday, July 19th. The basic materials company reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.37 billion. Steel Dynamics had a return on equity of 21.75% and a net margin of 6.07%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. On average, equities analysts forecast that Steel Dynamics, Inc. will post $2.83 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Boston Partners Has $586.70 Million Position in Steel Dynamics, Inc. (NASDAQ:STLD)” was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/boston-partners-has-586-70-million-position-in-steel-dynamics-inc-nasdaqstld/1470268.html.

Several equities analysts recently issued reports on STLD shares. Zacks Investment Research upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday, April 21st. Macquarie raised shares of Steel Dynamics from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $38.00 to $44.00 in a report on Monday, April 24th. Cowen and Company boosted their price target on shares of Steel Dynamics from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. BMO Capital Markets reissued a “buy” rating and issued a $48.00 price target on shares of Steel Dynamics in a report on Monday, April 24th. Finally, Barclays PLC reissued a “buy” rating and issued a $43.00 price target on shares of Steel Dynamics in a report on Friday, May 5th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.79.

In related news, insider Christopher A. Graham sold 5,021 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $38.05, for a total transaction of $191,049.05. Following the transaction, the insider now directly owns 26,778 shares of the company’s stock, valued at approximately $1,018,902.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith E. Busse sold 4,965 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $38.42, for a total value of $190,755.30. Following the transaction, the director now directly owns 1,005,666 shares in the company, valued at $38,637,687.72. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.

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.

Want to see what other hedge funds are holding STLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Steel Dynamics, Inc. (NASDAQ:STLD).

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

Receive News & Ratings for Steel Dynamics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steel Dynamics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.