Candriam Luxembourg S.C.A. reduced its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 29.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,819 shares of the basic materials company’s stock after selling 11,465 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Steel Dynamics were worth $806,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ffcm LLC lifted its position in shares of Steel Dynamics by 59.3% during the 4th quarter. Ffcm LLC now owns 924 shares of the basic materials company’s stock valued at $28,000 after buying an additional 344 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Steel Dynamics by 36.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,124 shares of the basic materials company’s stock valued at $34,000 after buying an additional 300 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Steel Dynamics by 183.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,126 shares of the basic materials company’s stock valued at $34,000 after buying an additional 729 shares in the last quarter. JOYN Advisors Inc. lifted its position in shares of Steel Dynamics by 34.7% during the 4th quarter. JOYN Advisors Inc. now owns 1,164 shares of the basic materials company’s stock valued at $35,000 after buying an additional 300 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its position in shares of Steel Dynamics by 28.2% during the 4th quarter. Penserra Capital Management LLC now owns 2,071 shares of the basic materials company’s stock valued at $61,000 after buying an additional 455 shares in the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ STLD opened at $34.64 on Thursday. 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 12 month low of $28.91 and a 12 month high of $52.10. The company has a market capitalization of $7.67 billion, a P/E ratio of 6.31, a price-to-earnings-growth ratio of 0.70 and a beta of 1.40.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Tuesday, January 22nd. The basic materials company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.06. Steel Dynamics had a return on equity of 35.44% and a net margin of 10.65%. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the previous year, the firm earned $0.54 EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. As a group, equities analysts forecast that Steel Dynamics, Inc. will post 4.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Sunday, March 31st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 29th. This is a boost from Steel Dynamics’s previous quarterly dividend of $0.19. This represents a $0.96 dividend on an annualized basis and a yield of 2.77%. Steel Dynamics’s payout ratio is currently 13.66%.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Steel Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. UBS Group set a $36.00 price objective on Steel Dynamics and gave the company a “hold” rating in a research report on Monday, December 10th. BidaskClub raised Steel Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Cowen assumed coverage on Steel Dynamics in a research report on Tuesday, January 8th. They set a “market perform” rating and a $32.00 price objective on the stock. Finally, ValuEngine raised Steel Dynamics from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Steel Dynamics currently has an average rating of “Hold” and a consensus price target of $49.30.

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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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