Union Bancaire Privee UBP SA Takes Position in Steel Dynamics, Inc. (NASDAQ:STLD)

Union Bancaire Privee UBP SA purchased a new position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,454 shares of the basic materials company’s stock, valued at approximately $158,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STLD. Wilmington Savings Fund Society FSB purchased a new position in shares of Steel Dynamics in the 3rd quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new stake in shares of Steel Dynamics in the fourth quarter valued at approximately $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 valued at $37,000 after buying an additional 245 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Steel Dynamics in the 3rd quarter valued at $61,000. Finally, Quest Partners LLC purchased a new stake in Steel Dynamics in the 3rd quarter worth $62,000. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. The Goldman Sachs Group began 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 for the company. BNP Paribas upgraded Steel Dynamics from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. UBS Group reiterated a “neutral” rating and issued a $149.00 target price (up from $145.00) on shares of Steel Dynamics in a research report on Thursday, December 12th. Citigroup dropped their price objective on shares of Steel Dynamics from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, BMO Capital Markets boosted their target price on Steel Dynamics from $130.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Steel Dynamics currently has a consensus rating of “Hold” and a consensus price target of $143.38.

Insider Activity at Steel Dynamics

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

Steel Dynamics Stock Up 1.7 %

Shares of STLD opened at $129.17 on Thursday. The company’s 50-day moving average price is $126.33 and its 200 day moving average price is $126.33. Steel Dynamics, Inc. has a 12-month low of $104.60 and a 12-month high of $155.56. The company has a current ratio of 2.39, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The firm has a market cap of $19.66 billion, a P/E ratio of 13.18 and a beta of 1.36.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings data 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 17.25% and a net margin of 8.76%. During the same quarter last year, the business earned $2.61 earnings per share. On average, sell-side analysts forecast that Steel Dynamics, Inc. will post 8.93 earnings per share 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 paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.42%. The ex-dividend date was Tuesday, December 31st. Steel Dynamics’s payout ratio is 18.78%.

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.