Boston Common Asset Management LLC Has $7.59 Million Stock Position in Steel Dynamics, Inc. (NASDAQ:STLD)

Boston Common Asset Management LLC raised its stake in Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 45.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 66,493 shares of the basic materials company's stock after purchasing an additional 20,721 shares during the period. Boston Common Asset Management LLC's holdings in Steel Dynamics were worth $7,585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Steel Dynamics during the 3rd quarter worth about $25,000. ORG Wealth Partners LLC purchased a new stake in shares of Steel Dynamics in the fourth quarter worth approximately $28,000. Private Trust Co. NA raised its holdings 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 worth $37,000 after acquiring an additional 245 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Steel Dynamics during the 3rd quarter valued at about $61,000. Finally, Quest Partners LLC acquired a new stake in Steel Dynamics in the third quarter valued at approximately $62,000. Institutional investors and hedge funds own 82.41% of the company's stock.

Steel Dynamics Price Performance

Shares of STLD stock traded up $0.83 during trading hours on Friday, hitting $125.83. 1,359,763 shares of the company's stock were exchanged, compared to its average volume of 1,395,611. The stock's 50-day moving average is $129.13 and its 200-day moving average is $126.46. 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 52 week low of $104.60 and a 52 week high of $155.56. The stock has a market cap of $19.16 billion, a price-to-earnings ratio of 11.39 and a beta of 1.36.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last announced its earnings results on Wednesday, October 16th. The basic materials company reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.07. Steel Dynamics had a net margin of 9.80% and a return on equity of 19.82%. The company had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the firm posted $3.47 earnings per share. The company's revenue was down 5.4% on a year-over-year basis. As a group, research analysts forecast that Steel Dynamics, Inc. will post 9.78 EPS for the current year.

Steel Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were given a $0.46 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.46%. Steel Dynamics's payout ratio is 16.65%.

Insider Activity

In other news, SVP Richard A. Poinsatte sold 2,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $138.75, for a total transaction of $277,500.00. Following the completion of the transaction, the senior vice president now directly owns 21,101 shares in the company, valued at approximately $2,927,763.75. The trade was a 8.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Glenn Pushis sold 17,941 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $133.09, for a total transaction of $2,387,767.69. Following the completion of the sale, the senior vice president now owns 146,693 shares in the company, valued at $19,523,371.37. This represents 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 sold 28,591 shares of company stock valued at $3,885,938. Company insiders own 6.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of Steel Dynamics from $160.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, December 19th. UBS Group restated a "neutral" rating and issued a $149.00 price objective (up from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on shares of Steel Dynamics from $134.00 to $132.00 and set a "neutral" rating on the stock in a research note on Friday. Bank of America raised shares of Steel Dynamics from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $140.00 to $155.00 in a research report on Tuesday, October 1st. Finally, The Goldman Sachs Group initiated coverage on Steel Dynamics in a research note on Monday, December 2nd. They issued a "neutral" rating and a $155.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $140.88.

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.