SG Americas Securities LLC Sells 19,077 Shares of Steel Dynamics, Inc. (NASDAQ:STLD)

SG Americas Securities LLC trimmed its position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 91.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,812 shares of the basic materials company’s stock after selling 19,077 shares during the quarter. SG Americas Securities LLC’s holdings in Steel Dynamics were worth $207,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of STLD. Wilmington Savings Fund Society FSB purchased a new position in shares of Steel Dynamics during the 3rd quarter worth about $25,000. ORG Wealth Partners LLC bought a new stake in Steel Dynamics in the fourth quarter worth about $28,000. Private Trust Co. NA boosted its position in shares of Steel Dynamics by 532.6% during the third 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 during the period. Brooklyn Investment Group purchased a new position in shares of Steel Dynamics during the third quarter valued at approximately $61,000. Finally, Quest Partners LLC bought a new position in shares of Steel Dynamics during the third quarter valued at approximately $62,000. Institutional investors own 82.41% of the company’s stock.

Insider Activity at Steel Dynamics

In other news, SVP Richard A. Poinsatte sold 2,000 shares of Steel Dynamics 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 owns 21,101 shares of the company’s stock, valued at $2,927,763.75. The trade was a 8.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Miguel Alvarez sold 6,650 shares of the business’s stock in a transaction that occurred 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 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. 6.10% of the stock is owned by corporate insiders.

Steel Dynamics Trading Down 1.7 %

NASDAQ:STLD opened at $126.71 on Friday. The firm has a 50-day simple moving average of $124.09 and a 200-day simple moving average of $126.27. Steel Dynamics, Inc. has a one year low of $104.60 and a one year high of $155.56. The firm has a market cap of $19.29 billion, a P/E ratio of 12.93 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 announced its earnings results 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 in the prior year, the firm posted $2.61 EPS. Equities analysts anticipate that Steel Dynamics, Inc. will post 8.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

STLD has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on Steel Dynamics in a research note on Monday, December 2nd. They set a “neutral” rating and a $155.00 price target for the company. Morgan Stanley boosted their target price on shares of Steel Dynamics from $131.00 to $145.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. StockNews.com downgraded shares of Steel Dynamics from a “hold” rating to a “sell” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Finally, UBS Group reaffirmed a “neutral” rating and set a $149.00 target price (up from $145.00) on shares of Steel Dynamics in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $145.13.

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.