Arcus Capital Partners LLC Sells 100 Shares of Steel Dynamics, Inc. (NASDAQ:STLD)

Arcus Capital Partners LLC reduced its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,142 shares of the basic materials company’s stock after selling 100 shares during the quarter. Arcus Capital Partners LLC’s holdings in Steel Dynamics were worth $244,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in STLD. Commerce Bank lifted its holdings in shares of Steel Dynamics by 1.2% in the third quarter. Commerce Bank now owns 5,981 shares of the basic materials company’s stock valued at $754,000 after purchasing an additional 73 shares in the last quarter. M&T Bank Corp lifted its stake in Steel Dynamics by 0.9% in the 3rd quarter. M&T Bank Corp now owns 10,055 shares of the basic materials company’s stock valued at $1,267,000 after acquiring an additional 88 shares in the last quarter. Atomi Financial Group Inc. boosted its position in Steel Dynamics by 5.0% during the 4th quarter. Atomi Financial Group Inc. now owns 1,929 shares of the basic materials company’s stock worth $220,000 after acquiring an additional 91 shares during the last quarter. Covestor Ltd grew its stake in shares of Steel Dynamics by 10.8% during the 3rd quarter. Covestor Ltd now owns 951 shares of the basic materials company’s stock worth $120,000 after acquiring an additional 93 shares in the last quarter. Finally, Greenleaf Trust raised its holdings in shares of Steel Dynamics by 2.1% in the third quarter. Greenleaf Trust now owns 4,621 shares of the basic materials company’s stock valued at $583,000 after purchasing an additional 96 shares during the last quarter. 82.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on STLD. StockNews.com upgraded shares of Steel Dynamics from a “sell” rating to a “hold” rating in a report on Thursday. BMO Capital Markets increased their price objective on shares of Steel Dynamics from $130.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Morgan Stanley lifted their target price on Steel Dynamics from $131.00 to $145.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. BNP Paribas raised Steel Dynamics from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Finally, UBS Group restated a “neutral” rating and issued a $149.00 price target (up from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $146.22.

Insiders Place Their Bets

In other news, SVP Glenn Pushis sold 23,649 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $134.67, for a total transaction of $3,184,810.83. Following the completion of the sale, the senior vice president now owns 122,140 shares in the company, valued at $16,448,593.80. The trade was a 16.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 6.00% of the company’s stock.

Steel Dynamics Trading Up 0.4 %

Steel Dynamics stock opened at $132.88 on Friday. Steel Dynamics, Inc. has a 52 week low of $104.60 and a 52 week high of $155.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.08 and a current ratio of 2.53. The stock has a market capitalization of $20.23 billion, a P/E ratio of 13.56 and a beta of 1.35. The stock has a 50-day simple moving average of $123.38 and a 200 day simple moving average of $126.44.

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

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.