Resonant Capital Advisors LLC Grows Stock Holdings in Steel Dynamics, Inc. (NASDAQ:STLD)

Resonant Capital Advisors LLC grew its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 3.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,200 shares of the basic materials company’s stock after buying an additional 101 shares during the period. Resonant Capital Advisors LLC’s holdings in Steel Dynamics were worth $366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Greenleaf Trust boosted its stake in Steel Dynamics by 2.9% in the fourth quarter. Greenleaf Trust now owns 4,754 shares of the basic materials company’s stock valued at $542,000 after acquiring an additional 133 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Steel Dynamics by 5.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,209 shares of the basic materials company’s stock valued at $594,000 after purchasing an additional 285 shares during the last quarter. DMC Group LLC boosted its position in shares of Steel Dynamics by 13.8% in the 4th quarter. DMC Group LLC now owns 5,569 shares of the basic materials company’s stock worth $635,000 after purchasing an additional 674 shares in the last quarter. Foster & Motley Inc. grew its stake in Steel Dynamics by 8.0% during the 4th quarter. Foster & Motley Inc. now owns 35,299 shares of the basic materials company’s stock worth $4,027,000 after buying an additional 2,602 shares during the last quarter. Finally, Manning & Napier Advisors LLC grew its stake in Steel Dynamics by 85.9% during the 4th quarter. Manning & Napier Advisors LLC now owns 21,504 shares of the basic materials company’s stock worth $2,453,000 after buying an additional 9,938 shares during the last quarter. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BNP Paribas raised Steel Dynamics from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Morgan Stanley lifted their target price on shares of Steel Dynamics from $131.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. cut their price target on shares of Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. StockNews.com cut shares of Steel Dynamics from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group assumed coverage on shares of Steel Dynamics in a report on Monday, December 2nd. They set a “neutral” rating and a $155.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Steel Dynamics currently has an average rating of “Hold” and a consensus target price of $145.13.

Steel Dynamics Trading Down 0.2 %

Shares of Steel Dynamics stock opened at $127.92 on Tuesday. Steel Dynamics, Inc. has a 1 year low of $104.60 and a 1 year high of $155.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.53 and a quick ratio of 1.08. The stock has a market cap of $19.47 billion, a PE ratio of 13.05 and a beta of 1.35. The firm has a fifty day moving average price of $125.39 and a 200 day moving average price of $126.25.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings data on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.33). Steel Dynamics had a net margin of 8.76% and a return on equity of 17.32%. During the same period last year, the firm posted $2.61 earnings per share. Equities research analysts predict that Steel Dynamics, Inc. will post 8.9 earnings per share for the current year.

Steel Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.44%. Steel Dynamics’s payout ratio is 18.78%.

Insider Activity

In other Steel Dynamics news, SVP Richard A. Poinsatte sold 2,000 shares of the firm’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 sale, the senior vice president now directly owns 21,101 shares of the company’s stock, valued at approximately $2,927,763.75. This trade represents a 8.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Miguel Alvarez sold 6,650 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $143.00, for a total value of $950,950.00. Following the completion of the sale, the senior vice president now owns 116,949 shares of the company’s stock, valued at $16,723,707. This trade represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

About Steel Dynamics

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.