1,890 Shares in Steel Dynamics, Inc. (NASDAQ:STLD) Bought by Everence Capital Management Inc.

Everence Capital Management Inc. purchased a new position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,890 shares of the basic materials company’s stock, valued at approximately $216,000.

A number of other large investors also recently modified their holdings of STLD. TD Asset Management Inc increased its position in Steel Dynamics by 0.6% during the 2nd quarter. TD Asset Management Inc now owns 51,746 shares of the basic materials company’s stock worth $6,701,000 after purchasing an additional 310 shares in the last quarter. Private Advisor Group LLC grew its stake in Steel Dynamics by 4.7% during the second quarter. Private Advisor Group LLC now owns 4,068 shares of the basic materials company’s stock worth $527,000 after buying an additional 184 shares during the period. Savant Capital LLC increased its position in shares of Steel Dynamics by 5.7% in the second quarter. Savant Capital LLC now owns 4,621 shares of the basic materials company’s stock worth $598,000 after acquiring an additional 249 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Steel Dynamics by 33.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 400 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 100 shares during the period. Finally, Caprock Group LLC lifted its holdings in shares of Steel Dynamics by 158.8% during the 2nd quarter. Caprock Group LLC now owns 6,683 shares of the basic materials company’s stock valued at $869,000 after acquiring an additional 4,101 shares in the last quarter. 82.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Steel Dynamics

In related news, SVP Richard A. Poinsatte sold 2,000 shares of the stock in a transaction dated 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 owns 21,101 shares in the company, valued at $2,927,763.75. This represents a 8.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Glenn Pushis sold 17,941 shares of Steel Dynamics stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $133.09, for a total value of $2,387,767.69. Following the completion of the transaction, the senior vice president now owns 146,693 shares of the company’s stock, valued at approximately $19,523,371.37. The trade was a 10.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,591 shares of company stock valued at $3,885,938. Corporate insiders own 6.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on STLD. Citigroup lowered their price target on Steel Dynamics from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Morgan Stanley dropped their target price on Steel Dynamics from $138.00 to $131.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 18th. Jefferies Financial Group decreased their price target on Steel Dynamics from $145.00 to $125.00 and set a “hold” rating for the company in a report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Steel Dynamics from $129.00 to $134.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group initiated coverage on shares of Steel Dynamics in a research note on Monday, December 2nd. They issued a “neutral” rating and a $155.00 target price for the company. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Steel Dynamics has a consensus rating of “Hold” and a consensus price target of $141.13.

Steel Dynamics Trading Down 2.8 %

NASDAQ STLD opened at $116.48 on Thursday. The company has a market capitalization of $17.73 billion, a price-to-earnings ratio of 10.54 and a beta of 1.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.39 and a quick ratio of 1.26. Steel Dynamics, Inc. has a 12 month low of $104.60 and a 12 month high of $155.56. The company’s fifty day moving average price is $131.70 and its two-hundred day moving average price is $126.66.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Wednesday, October 16th. The basic materials company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.98 by $0.07. The business had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Steel Dynamics had a net margin of 9.80% and a return on equity of 19.82%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.47 earnings per share. As a group, research analysts predict that Steel Dynamics, Inc. will post 10.09 earnings per share for the current fiscal year.

Steel Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be issued a $0.46 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.58%. Steel Dynamics’s dividend payout ratio (DPR) is 16.65%.

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.