Achmea Investment Management B.V. Has $1.54 Million Stock Holdings in Steel Dynamics, Inc. (NASDAQ:STLD)

Achmea Investment Management B.V. lessened its holdings in Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 87.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,504 shares of the basic materials company's stock after selling 94,698 shares during the quarter. Achmea Investment Management B.V.'s holdings in Steel Dynamics were worth $1,541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Avantax Advisory Services Inc. increased its holdings in Steel Dynamics by 4.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 6,354 shares of the basic materials company's stock valued at $725,000 after buying an additional 280 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Steel Dynamics by 21.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,712 shares of the basic materials company's stock valued at $652,000 after buying an additional 1,021 shares during the period. Independent Advisor Alliance increased its holdings in Steel Dynamics by 4.7% in the 4th quarter. Independent Advisor Alliance now owns 5,883 shares of the basic materials company's stock valued at $671,000 after buying an additional 264 shares during the period. Daiwa Securities Group Inc. increased its holdings in Steel Dynamics by 11.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 43,383 shares of the basic materials company's stock valued at $4,949,000 after buying an additional 4,310 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Steel Dynamics by 16.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,346 shares of the basic materials company's stock valued at $4,146,000 after buying an additional 5,231 shares during the period. Institutional investors own 82.41% of the company's stock.

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Steel Dynamics Price Performance

NASDAQ:STLD traded up $1.43 during mid-day trading on Wednesday, reaching $128.52. 1,889,082 shares of the company were exchanged, compared to its average volume of 1,366,960. Steel Dynamics, Inc. has a 12 month low of $104.60 and a 12 month high of $155.56. The company has a fifty day moving average of $127.65 and a 200 day moving average of $127.98. The company has a quick ratio of 1.08, a current ratio of 2.53 and a debt-to-equity ratio of 0.32. The stock has a market cap of $19.30 billion, a PE ratio of 13.11, a PEG ratio of 1.05 and a beta of 1.34.

Steel Dynamics (NASDAQ:STLD - Get Free Report) 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 prior year, the business posted $2.61 EPS. On average, research analysts anticipate that Steel Dynamics, Inc. will post 9.01 EPS for the current fiscal year.

Steel Dynamics declared that its board has initiated a share repurchase plan on Monday, February 24th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the basic materials company to repurchase up to 7.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Steel Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 31st. This is an increase from Steel Dynamics's previous quarterly dividend of $0.46. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. Steel Dynamics's dividend payout ratio is presently 20.41%.

Insider Buying and Selling at Steel Dynamics

In other Steel Dynamics news, SVP Glenn Pushis sold 23,649 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $134.67, for a total transaction of $3,184,810.83. Following the transaction, the senior vice president now directly owns 122,140 shares in the company, valued at approximately $16,448,593.80. This represents a 16.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.00% of the company's stock.

Analyst Ratings Changes

STLD has been the topic of several analyst reports. Jefferies Financial Group raised shares of Steel Dynamics from a "hold" rating to a "buy" rating and boosted their price target for the company from $125.00 to $145.00 in a report on Friday, January 24th. Morgan Stanley raised shares of Steel Dynamics from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $145.00 to $158.00 in a report on Friday, March 7th. JPMorgan Chase & Co. upped their target price on shares of Steel Dynamics from $132.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. StockNews.com raised shares of Steel Dynamics from a "sell" rating to a "hold" rating in a report on Thursday, March 6th. Finally, Wolfe Research raised shares of Steel Dynamics from an "underperform" rating to a "peer perform" rating in a report on Thursday, February 27th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $148.56.

Steel Dynamics 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.