Vest Financial LLC Has $34.51 Million Stock Position in Steel Dynamics, Inc. (NASDAQ:STLD)

Vest Financial LLC boosted its holdings in shares of Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 26.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302,535 shares of the basic materials company's stock after buying an additional 62,478 shares during the period. Vest Financial LLC owned about 0.20% of Steel Dynamics worth $34,510,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Holocene Advisors LP boosted its stake in shares of Steel Dynamics by 85.8% in the 3rd quarter. Holocene Advisors LP now owns 2,295,365 shares of the basic materials company's stock valued at $289,400,000 after purchasing an additional 1,060,007 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Steel Dynamics by 116.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,018,668 shares of the basic materials company's stock valued at $128,434,000 after purchasing an additional 548,086 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Steel Dynamics by 22.4% in the 4th quarter. Nordea Investment Management AB now owns 1,384,526 shares of the basic materials company's stock valued at $158,487,000 after purchasing an additional 253,802 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in Steel Dynamics by 192.4% during 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 in the last quarter. Finally, World Investment Advisors LLC acquired a new position in Steel Dynamics during the 3rd quarter worth about $15,880,000. Institutional investors and hedge funds own 82.41% of the company's stock.

Insider Activity

In related news, SVP Glenn Pushis sold 23,649 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $134.67, for a total transaction of $3,184,810.83. Following the completion of the sale, the senior vice president now directly owns 122,140 shares of the company's stock, valued at approximately $16,448,593.80. This represents a 16.22 % 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 Richard A. Poinsatte sold 2,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $138.75, for a total value of $277,500.00. Following the sale, the senior vice president now directly owns 21,101 shares of the company's stock, valued at approximately $2,927,763.75. The trade was a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.

Steel Dynamics Trading Down 1.9 %

NASDAQ:STLD traded down $2.56 on Wednesday, hitting $132.30. 2,213,728 shares of the stock were exchanged, compared to its average volume of 1,844,518. The stock has a market capitalization of $20.14 billion, a price-to-earnings ratio of 13.50 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 debt-to-equity ratio of 0.32, a quick ratio of 1.08 and a current ratio of 2.53. The company's 50-day moving average price is $123.50 and its 200 day moving average price is $126.40.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.69 by ($0.33). Steel Dynamics had a net margin of 8.76% and a return on equity of 17.32%. During the same period in the prior year, the firm earned $2.61 earnings per share. On average, equities research analysts forecast that Steel Dynamics, Inc. will post 8.9 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on STLD. The Goldman Sachs Group began coverage on shares of Steel Dynamics in a research report on Monday, December 2nd. They set a "neutral" rating and a $155.00 price target on the stock. StockNews.com downgraded shares of Steel Dynamics from a "hold" rating to a "sell" rating in a research report on Wednesday, February 5th. UBS Group reiterated a "neutral" rating and set a $149.00 price target (up previously from $145.00) on shares of Steel Dynamics in a research report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on shares of Steel Dynamics from $134.00 to $132.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. Finally, Citigroup reduced their price target on shares of Steel Dynamics from $160.00 to $145.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently 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.