Steel Dynamics, Inc. $STLD Holdings Lifted by Oak Thistle LLC

Oak Thistle LLC grew its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 210.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,849 shares of the basic materials company’s stock after purchasing an additional 5,999 shares during the period. Oak Thistle LLC’s holdings in Steel Dynamics were worth $1,499,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of STLD. Cornerstone Planning Group LLC grew its position in Steel Dynamics by 1,636.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 191 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 180 shares during the last quarter. Sound Income Strategies LLC grew its position in Steel Dynamics by 1,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 160 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 150 shares during the last quarter. Toth Financial Advisory Corp grew its position in Steel Dynamics by 50.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 300 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 100 shares during the last quarter. Covestor Ltd grew its position in Steel Dynamics by 44.3% in the 3rd quarter. Covestor Ltd now owns 303 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 93 shares during the last quarter. Finally, CNB Bank bought a new position in Steel Dynamics in the 3rd quarter worth about $43,000. Institutional investors own 82.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating on shares of Steel Dynamics in a research report on Tuesday, March 17th. KeyCorp initiated coverage on shares of Steel Dynamics in a report on Wednesday, March 25th. They issued an “overweight” rating and a $190.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Steel Dynamics from $210.00 to $196.00 and set an “overweight” rating for the company in a report on Wednesday, March 18th. Wall Street Zen cut shares of Steel Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Steel Dynamics in a report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Steel Dynamics presently has an average rating of “Hold” and an average target price of $182.44.

Steel Dynamics Trading Up 5.9%

Steel Dynamics stock opened at $187.56 on Thursday. The firm has a 50 day simple moving average of $185.16 and a 200-day simple moving average of $169.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.06 and a quick ratio of 1.29. The stock has a market capitalization of $27.14 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 0.49 and a beta of 1.39. Steel Dynamics, Inc. has a 12-month low of $108.74 and a 12-month high of $208.47.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings data on Tuesday, January 27th. The basic materials company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.10. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.62 billion. Steel Dynamics had a net margin of 6.52% and a return on equity of 13.56%. The business’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $1.36 earnings per share. As a group, equities research analysts expect that Steel Dynamics, Inc. will post 9.01 EPS for the current fiscal year.

Steel Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.53 per share. This is a boost from Steel Dynamics’s previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Steel Dynamics’s dividend payout ratio (DPR) is currently 26.47%.

Steel Dynamics Company Profile

Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.

The company’s product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.