Steel Dynamics, Inc. (NASDAQ:STLD) Shares Sold by Mason Street Advisors LLC

Mason Street Advisors LLC reduced its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,170 shares of the basic materials company’s stock after selling 3,291 shares during the period. Mason Street Advisors LLC owned about 0.05% of Steel Dynamics worth $3,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Empirical Finance LLC raised its position in Steel Dynamics by 1.1% during the second quarter. Empirical Finance LLC now owns 32,950 shares of the basic materials company’s stock worth $995,000 after acquiring an additional 363 shares during the period. Smith Graham & Co. Investment Advisors LP lifted its position in shares of Steel Dynamics by 0.3% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 151,428 shares of the basic materials company’s stock worth $4,513,000 after purchasing an additional 490 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Steel Dynamics by 96.9% during the second quarter. Rehmann Capital Advisory Group now owns 1,016 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 500 shares in the last quarter. Monarch Capital Management Inc. lifted its position in shares of Steel Dynamics by 0.8% during the third quarter. Monarch Capital Management Inc. now owns 62,913 shares of the basic materials company’s stock worth $1,875,000 after purchasing an additional 500 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in shares of Steel Dynamics by 19.1% during the third quarter. Valeo Financial Advisors LLC now owns 3,130 shares of the basic materials company’s stock worth $93,000 after purchasing an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 81.51% of the company’s stock.

Steel Dynamics stock traded up $0.18 during midday trading on Thursday, reaching $31.53. 5,698 shares of the company were exchanged, compared to its average volume of 2,095,831. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 5.74, a P/E/G ratio of 0.89 and a beta of 1.66. The firm’s 50-day simple moving average is $29.99 and its 200-day simple moving average is $29.46. Steel Dynamics, Inc. has a 1 year low of $25.02 and a 1 year high of $40.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.24 and a current ratio of 4.00.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Wednesday, October 16th. The basic materials company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Steel Dynamics had a net margin of 7.44% and a return on equity of 22.08%. During the same quarter last year, the firm earned $1.69 EPS. On average, analysts forecast that Steel Dynamics, Inc. will post 3.03 EPS for the current fiscal year.

In other news, SVP Miguel Alvarez bought 8,920 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $27.72 per share, for a total transaction of $247,262.40. Following the acquisition, the senior vice president now owns 700 shares of the company’s stock, valued at $19,404. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.90% of the stock is owned by insiders.

Several analysts recently weighed in on STLD shares. Longbow Research cut shares of Steel Dynamics from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. Zacks Investment Research upgraded shares of Steel Dynamics from a “strong sell” rating to a “hold” rating and set a $25.00 price target on the stock in a research note on Wednesday, October 23rd. BMO Capital Markets lowered shares of Steel Dynamics to a “hold” rating and set a $30.00 price target on the stock. in a research note on Friday, September 13th. BidaskClub upgraded shares of Steel Dynamics from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, Bank of America lowered their target price on shares of Steel Dynamics from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.64.

Steel Dynamics Company Profile

Steel Dynamics, Inc, together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections.

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Institutional Ownership by Quarter for Steel Dynamics (NASDAQ:STLD)

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