Steel Dynamics, Inc. $STLD Shares Sold by Bailard Inc.

Bailard Inc. lessened its holdings in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,345 shares of the basic materials company’s stock after selling 386 shares during the period. Bailard Inc. owned 0.06% of Steel Dynamics worth $11,565,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC boosted its stake in Steel Dynamics by 493.9% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 196 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 163 shares during the period. Trust Co. of Toledo NA OH bought a new stake in shares of Steel Dynamics in the 2nd quarter worth approximately $30,000. Zions Bancorporation National Association UT acquired a new position in Steel Dynamics during the 1st quarter valued at approximately $32,000. WPG Advisers LLC bought a new position in Steel Dynamics during the 1st quarter worth $32,000. Finally, Rosenberg Matthew Hamilton grew its stake in Steel Dynamics by 306.2% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 264 shares of the basic materials company’s stock worth $34,000 after buying an additional 199 shares during the last quarter. Institutional investors own 82.41% of the company’s stock.

Insider Buying and Selling at Steel Dynamics

In related news, SVP Miguel Alvarez sold 8,251 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $162.79, for a total transaction of $1,343,180.29. Following the completion of the transaction, the senior vice president owned 117,068 shares of the company’s stock, valued at $19,057,499.72. This trade represents a 6.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.30% of the stock is currently owned by company insiders.

Steel Dynamics Stock Down 0.0%

Steel Dynamics stock opened at $152.38 on Wednesday. The company’s 50-day moving average price is $144.13 and its two-hundred day moving average price is $135.13. The stock has a market cap of $22.25 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.39 and a beta of 1.45. Steel Dynamics, Inc. has a 52 week low of $103.17 and a 52 week high of $164.73. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.43.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings data on Tuesday, October 21st. The basic materials company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.11. Steel Dynamics had a net margin of 6.39% and a return on equity of 12.89%. The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.74 billion. During the same period last year, the firm posted $2.05 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis. On average, analysts expect that Steel Dynamics, Inc. will post 9.01 EPS for the current fiscal year.

Steel Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Steel Dynamics’s payout ratio is currently 26.49%.

Analyst Ratings Changes

A number of research firms have issued reports on STLD. Weiss Ratings reiterated a “hold (c)” rating on shares of Steel Dynamics in a research note on Wednesday, October 8th. UBS Group set a $165.00 price objective on shares of Steel Dynamics in a report on Tuesday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of Steel Dynamics from $150.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, October 13th. The Goldman Sachs Group set a $172.00 price target on shares of Steel Dynamics and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, BMO Capital Markets lifted their price target on Steel Dynamics from $155.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Steel Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $170.11.

Steel Dynamics Company Profile

Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products.