Foster & Motley Inc. Raises Stock Holdings in Steel Dynamics, Inc. (NASDAQ:STLD)

Foster & Motley Inc. increased its position in shares of Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,299 shares of the basic materials company's stock after purchasing an additional 2,602 shares during the quarter. Foster & Motley Inc.'s holdings in Steel Dynamics were worth $4,027,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Holocene Advisors LP increased its position in Steel Dynamics by 85.8% in the third quarter. Holocene Advisors LP now owns 2,295,365 shares of the basic materials company's stock worth $289,400,000 after buying an additional 1,060,007 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in Steel Dynamics by 116.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,018,668 shares of the basic materials company's stock valued at $128,434,000 after buying an additional 548,086 shares during the period. Nordea Investment Management AB grew its holdings in shares of Steel Dynamics by 22.4% during the fourth quarter. Nordea Investment Management AB now owns 1,384,526 shares of the basic materials company's stock worth $158,487,000 after purchasing an additional 253,802 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Steel Dynamics by 192.4% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 250,621 shares of the basic materials company's stock worth $28,577,000 after buying an additional 164,895 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new stake in Steel Dynamics during the third quarter valued at about $15,880,000. 82.41% of the stock is owned by institutional investors.

Steel Dynamics Stock Performance

Shares of NASDAQ:STLD traded down $0.19 during midday trading on Thursday, hitting $128.98. The company had a trading volume of 662,463 shares, compared to its average volume of 1,682,420. The company has a market cap of $19.64 billion, a price-to-earnings ratio of 13.13 and a beta of 1.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.39 and a quick ratio of 1.26. The company has a fifty day moving average of $126.33 and a two-hundred day moving average of $126.33. Steel Dynamics, Inc. has a 12-month low of $104.60 and a 12-month high of $155.56.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.69 by ($0.33). Steel Dynamics had a return on equity of 17.25% and a net margin of 8.76%. During the same quarter in the prior year, the business earned $2.61 earnings per share. On average, equities research analysts expect that Steel Dynamics, Inc. will post 8.93 EPS for the current fiscal year.

Steel Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, December 31st. Steel Dynamics's payout ratio is currently 18.78%.

Insiders Place Their Bets

In related news, SVP Richard A. Poinsatte sold 2,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 21,101 shares of the company's stock, valued at approximately $2,927,763.75. This trade represents a 8.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Miguel Alvarez sold 6,650 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $143.00, for a total transaction of $950,950.00. Following the sale, the senior vice president now directly owns 116,949 shares of the company's stock, valued at $16,723,707. This represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company's stock.

Analyst Ratings Changes

STLD has been the subject of a number of recent research reports. The Goldman Sachs Group started coverage on shares of Steel Dynamics in a report on Monday, December 2nd. They issued a "neutral" rating and a $155.00 price objective for the company. BNP Paribas raised Steel Dynamics from a "neutral" rating to an "outperform" rating in a research report on Friday, January 3rd. Citigroup cut their price target on Steel Dynamics from $160.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. BMO Capital Markets lifted their target price on shares of Steel Dynamics from $130.00 to $135.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. dropped their price objective on Steel Dynamics from $134.00 to $132.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Steel Dynamics presently has a consensus rating of "Hold" and an average price target of $143.38.

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.