Resonant Capital Advisors LLC Acquires 101 Shares of Steel Dynamics, Inc. (NASDAQ:STLD)

Resonant Capital Advisors LLC grew its holdings in Steel Dynamics, Inc. (NASDAQ:STLD) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,200 shares of the basic materials company’s stock after acquiring an additional 101 shares during the period. Resonant Capital Advisors LLC’s holdings in Steel Dynamics were worth $366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sanctuary Advisors LLC purchased a new position in shares of Steel Dynamics during the 2nd quarter valued at about $2,049,000. Czech National Bank raised its stake in Steel Dynamics by 3.9% during the 3rd quarter. Czech National Bank now owns 29,232 shares of the basic materials company’s stock worth $3,686,000 after acquiring an additional 1,085 shares during the period. SG Americas Securities LLC lifted its holdings in Steel Dynamics by 8.9% during the third quarter. SG Americas Securities LLC now owns 20,889 shares of the basic materials company’s stock valued at $2,634,000 after purchasing an additional 1,702 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Steel Dynamics by 11.6% in the third quarter. Handelsbanken Fonder AB now owns 33,600 shares of the basic materials company’s stock worth $4,236,000 after purchasing an additional 3,500 shares during the period. Finally, Greenfield Savings Bank increased its stake in shares of Steel Dynamics by 3.3% in the third quarter. Greenfield Savings Bank now owns 12,299 shares of the basic materials company’s stock worth $1,551,000 after purchasing an additional 391 shares in the last quarter. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Analyst Upgrades and Downgrades

STLD has been the subject of several recent analyst reports. The Goldman Sachs Group began coverage on shares of Steel Dynamics in a report on Monday, December 2nd. They issued a “neutral” rating and a $155.00 target price for the company. JPMorgan Chase & Co. cut their target price on Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. UBS Group reissued a “neutral” rating and issued a $149.00 price target (up from $145.00) on shares of Steel Dynamics in a report on Thursday, December 12th. BNP Paribas raised shares of Steel Dynamics from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Finally, Morgan Stanley boosted their target price on shares of Steel Dynamics from $131.00 to $145.00 and gave the stock an “equal weight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Steel Dynamics presently has a consensus rating of “Hold” and an average price target of $145.13.

Steel Dynamics Trading Down 0.2 %

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

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 analysts’ consensus estimates 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 quarter in the previous year, the firm earned $2.61 earnings per share. Sell-side analysts anticipate that Steel Dynamics, Inc. will post 8.9 earnings per share for the current fiscal year.

Steel Dynamics Dividend Announcement

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

Insider Transactions at Steel Dynamics

In other Steel Dynamics news, SVP Miguel Alvarez sold 6,650 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Richard A. Poinsatte sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 represents a 8.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.10% 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.