DMC Group LLC Has $635,000 Stake in Steel Dynamics, Inc. (NASDAQ:STLD)

DMC Group LLC grew its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 13.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,569 shares of the basic materials company’s stock after buying an additional 674 shares during the quarter. DMC Group LLC’s holdings in Steel Dynamics were worth $635,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in Steel Dynamics during the third quarter valued at approximately $25,000. ORG Wealth Partners LLC acquired a new position in shares of Steel Dynamics during the 4th quarter worth $28,000. Private Trust Co. NA lifted its position in shares of Steel Dynamics by 532.6% during the 3rd quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock worth $37,000 after buying an additional 245 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Steel Dynamics in the third quarter valued at about $61,000. Finally, Quest Partners LLC bought a new position in Steel Dynamics in the third quarter valued at about $62,000. Institutional investors own 82.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating for the company in a report on Friday, January 17th. StockNews.com downgraded shares of Steel Dynamics from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group initiated coverage on shares of Steel Dynamics in a research note on Monday, December 2nd. They set a “neutral” rating and a $155.00 target price on the stock. Jefferies Financial Group upgraded Steel Dynamics from a “hold” rating to a “buy” rating and increased their price target for the company from $125.00 to $145.00 in a research note on Friday, January 24th. Finally, Citigroup reduced their price objective on Steel Dynamics from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $143.38.

Steel Dynamics Stock Up 1.7 %

Shares of STLD opened at $129.17 on Thursday. The company has a market capitalization of $19.66 billion, a PE ratio of 13.18 and a beta of 1.36. The stock’s 50-day moving average price is $126.33 and its two-hundred day moving average price is $126.33. The company has a current ratio of 2.39, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. Steel Dynamics, Inc. has a 12 month low of $104.60 and a 12 month high of $155.56.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings data on Wednesday, January 22nd. The basic materials company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.33). Steel Dynamics had a return on equity of 17.25% and a net margin of 8.76%. During the same period last year, the business earned $2.61 earnings per share. On average, analysts anticipate that Steel Dynamics, Inc. will post 8.93 EPS for the current year.

Steel Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were issued a $0.46 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 annualized dividend and a yield of 1.42%. Steel Dynamics’s payout ratio is 18.78%.

Insider Buying and Selling at Steel Dynamics

In other news, SVP Miguel Alvarez sold 6,650 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $143.00, for a total transaction of $950,950.00. Following the transaction, the senior vice president now owns 116,949 shares of the company’s stock, valued at $16,723,707. This represents a 5.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Richard A. Poinsatte sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $138.75, for a total value of $277,500.00. Following the transaction, the senior vice president now directly owns 21,101 shares in the company, valued at approximately $2,927,763.75. This trade represents a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

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.