Steel Dynamics, Inc. (NASDAQ:STLD) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 36.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 282,084 shares of the basic materials company's stock after selling 160,663 shares during the period. Robeco Institutional Asset Management B.V. owned 0.18% of Steel Dynamics worth $35,565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC purchased a new stake in shares of Steel Dynamics during the first quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in Steel Dynamics in the second quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Steel Dynamics in the second quarter valued at approximately $41,000. Cullen Frost Bankers Inc. increased its position in shares of Steel Dynamics by 33.3% during the second quarter. Cullen Frost Bankers Inc. now owns 400 shares of the basic materials company's stock worth $52,000 after purchasing an additional 100 shares in the last quarter. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Steel Dynamics during the 2nd quarter valued at $52,000. 82.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on STLD shares. UBS Group upgraded Steel Dynamics from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $129.00 to $145.00 in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price objective on shares of Steel Dynamics from $129.00 to $134.00 and gave the company a "neutral" rating in a report on Friday, October 18th. 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 research note on Friday, October 18th. Morgan Stanley dropped their target price on shares of Steel Dynamics from $138.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 18th. Finally, Bank of America raised shares of Steel Dynamics from a "neutral" rating to a "buy" rating and raised their price target for the stock from $140.00 to $155.00 in a report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $144.29.

Steel Dynamics Stock Performance

NASDAQ STLD traded up $18.67 on Wednesday, hitting $154.32. 4,294,887 shares of the company's stock traded hands, compared to its average volume of 1,270,655. The firm's 50-day moving average price is $124.24 and its two-hundred day moving average price is $126.38. The firm has a market capitalization of $23.81 billion, a PE ratio of 14.00 and a beta of 1.31. The company has a current ratio of 2.39, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. Steel Dynamics, Inc. has a 1-year low of $104.60 and a 1-year high of $155.56.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last posted its earnings results on Wednesday, October 16th. The basic materials company reported $2.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.07. The company had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.18 billion. Steel Dynamics had a net margin of 9.80% and a return on equity of 19.82%. The firm's quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.47 earnings per share. As a group, analysts expect that Steel Dynamics, Inc. will post 10.22 EPS for the current year.

Steel Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Monday, September 30th. Steel Dynamics's dividend payout ratio (DPR) is 16.65%.

Insider Activity at Steel Dynamics

In related news, SVP Glenn Pushis sold 17,941 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 146,693 shares of the company's stock, valued at approximately $19,523,371.37. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, SVP Glenn Pushis sold 17,941 shares of Steel Dynamics stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $133.09, for a total value of $2,387,767.69. Following the completion of the transaction, the senior vice president now owns 146,693 shares in the company, valued at $19,523,371.37. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chad Bickford sold 2,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $134.86, for a total value of $269,720.00. Following the transaction, the vice president now owns 17,100 shares in the company, valued at $2,306,106. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 6.10% of the stock is owned by company insiders.

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.