Measured Wealth Private Client Group LLC Sells 4,743 Shares of Steel Dynamics, Inc. (NASDAQ:STLD)

Measured Wealth Private Client Group LLC decreased its position in shares of Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 67.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,297 shares of the basic materials company's stock after selling 4,743 shares during the period. Measured Wealth Private Client Group LLC's holdings in Steel Dynamics were worth $262,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Commerce Bank boosted its stake in Steel Dynamics by 1.2% in the 3rd quarter. Commerce Bank now owns 5,981 shares of the basic materials company's stock worth $754,000 after purchasing an additional 73 shares during the period. M&T Bank Corp boosted its position in shares of Steel Dynamics by 0.9% during the third quarter. M&T Bank Corp now owns 10,055 shares of the basic materials company's stock worth $1,267,000 after acquiring an additional 88 shares during the last quarter. Atomi Financial Group Inc. grew its stake in Steel Dynamics by 5.0% during the fourth quarter. Atomi Financial Group Inc. now owns 1,929 shares of the basic materials company's stock valued at $220,000 after acquiring an additional 91 shares in the last quarter. Covestor Ltd increased its holdings in Steel Dynamics by 10.8% in the 3rd quarter. Covestor Ltd now owns 951 shares of the basic materials company's stock valued at $120,000 after acquiring an additional 93 shares during the last quarter. Finally, Greenleaf Trust lifted its stake in Steel Dynamics by 2.1% in the 3rd quarter. Greenleaf Trust now owns 4,621 shares of the basic materials company's stock worth $583,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 82.41% of the company's stock.

Steel Dynamics Trading Up 1.5 %

Steel Dynamics stock traded up $1.99 during midday trading on Tuesday, reaching $134.86. The stock had a trading volume of 2,616,391 shares, compared to its average volume of 1,830,831. 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 firm has a market cap of $20.53 billion, a price-to-earnings ratio of 13.76 and a beta of 1.35. Steel Dynamics, Inc. has a 52-week low of $104.60 and a 52-week high of $155.56. The company has a fifty day moving average of $123.68 and a 200 day moving average of $126.36.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share 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 company earned $2.61 earnings per share. On average, analysts anticipate that Steel Dynamics, Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Richard A. Poinsatte sold 2,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $138.75, for a total transaction of $277,500.00. Following the transaction, the senior vice president now owns 21,101 shares of the company's stock, valued at approximately $2,927,763.75. This represents a 8.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Miguel Alvarez sold 6,650 shares of the firm's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $143.00, for a total value of $950,950.00. Following the transaction, the senior vice president now owns 116,949 shares in the company, valued at approximately $16,723,707. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com cut Steel Dynamics from a "hold" rating to a "sell" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. reduced their price objective 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. BNP Paribas upgraded Steel Dynamics from a "neutral" rating to an "outperform" rating in a research report on Friday, January 3rd. BMO Capital Markets boosted their price target on shares of Steel Dynamics from $130.00 to $135.00 and gave the stock a "market perform" rating in a research report on Friday, October 18th. Finally, KeyCorp raised shares of Steel Dynamics from a "sector weight" rating to an "overweight" rating and set a $155.00 price target on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $146.22.

Steel Dynamics Company 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.