Entropy Technologies LP Buys 2,456 Shares of Steel Dynamics, Inc. (NASDAQ:STLD)

Entropy Technologies LP lifted its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,851 shares of the basic materials company's stock after buying an additional 2,456 shares during the period. Entropy Technologies LP's holdings in Steel Dynamics were worth $2,264,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in Steel Dynamics during the third quarter worth $25,000. ORG Wealth Partners LLC bought a new stake in Steel Dynamics during the fourth quarter worth $28,000. Private Trust Co. NA lifted its holdings in 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 during the period. Golden State Wealth Management LLC bought a new stake in Steel Dynamics during the fourth quarter worth $48,000. Finally, Brooklyn Investment Group bought a new stake in Steel Dynamics during the third quarter worth $61,000. Hedge funds and other institutional investors own 82.41% of the company's stock.

Insider Buying and Selling

In other news, SVP Richard A. Poinsatte sold 2,000 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $138.75, for a total value 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. This represents a 8.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Glenn Pushis sold 23,649 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $134.67, for a total value of $3,184,810.83. Following the completion of the transaction, the senior vice president now owns 122,140 shares of the company's stock, valued at $16,448,593.80. The trade was a 16.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.

Steel Dynamics Stock Performance

Shares of NASDAQ:STLD traded up $0.58 during midday trading on Thursday, reaching $132.88. 1,898,669 shares of the company traded hands, compared to its average volume of 1,846,392. The company has a quick ratio of 1.08, a current ratio of 2.53 and a debt-to-equity ratio of 0.32. Steel Dynamics, Inc. has a 12 month low of $104.60 and a 12 month high of $155.56. The firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 13.56 and a beta of 1.35. The firm's fifty day moving average price is $123.38 and its two-hundred day moving average price is $126.44.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the firm earned $2.61 EPS. On average, equities analysts expect that Steel Dynamics, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group upgraded Steel Dynamics from a "hold" rating to a "buy" rating and lifted their price target for the stock from $125.00 to $145.00 in a report on Friday, January 24th. BMO Capital Markets boosted their target price on Steel Dynamics from $130.00 to $135.00 and gave the company a "market perform" rating in a research note on Friday, October 18th. BNP Paribas upgraded Steel Dynamics from a "neutral" rating to an "outperform" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered their target price on Steel Dynamics from $134.00 to $132.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. Finally, StockNews.com upgraded Steel Dynamics from a "sell" rating to a "hold" rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $146.22.

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.