UBS Group AG Buys 3,182 Shares of Steel Dynamics, Inc. (NASDAQ:STLD)

UBS Group AG boosted its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 288,318 shares of the basic materials company’s stock after acquiring an additional 3,182 shares during the period. UBS Group AG owned 0.18% of Steel Dynamics worth $34,050,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Royal London Asset Management Ltd. boosted its holdings in Steel Dynamics by 0.3% in the third quarter. Royal London Asset Management Ltd. now owns 3,745,326 shares of the basic materials company’s stock valued at $401,574,000 after acquiring an additional 12,208 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Steel Dynamics by 0.8% during the 3rd quarter. Morgan Stanley now owns 2,612,430 shares of the basic materials company’s stock valued at $280,105,000 after buying an additional 19,833 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Steel Dynamics by 6.4% during the 3rd quarter. Northern Trust Corp now owns 2,024,978 shares of the basic materials company’s stock valued at $217,118,000 after buying an additional 122,507 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Steel Dynamics by 165.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,014,956 shares of the basic materials company’s stock valued at $212,447,000 after buying an additional 1,255,751 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Steel Dynamics during the 4th quarter valued at $221,817,000. Institutional investors own 82.41% of the company’s stock.

Insiders Place Their Bets

In other Steel Dynamics news, SVP Christopher A. Graham sold 21,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $136.81, for a total value of $2,873,010.00. Following the completion of the transaction, the senior vice president now owns 60,415 shares of the company’s stock, valued at approximately $8,265,376.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on STLD shares. JPMorgan Chase & Co. boosted their target price on shares of Steel Dynamics from $100.00 to $118.00 and gave the company an “underweight” rating in a report on Tuesday, April 16th. BMO Capital Markets boosted their target price on shares of Steel Dynamics from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Monday, March 18th. Jefferies Financial Group assumed coverage on shares of Steel Dynamics in a report on Monday, May 20th. They set a “hold” rating and a $150.00 target price on the stock. Finally, Citigroup lifted their price target on Steel Dynamics from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Steel Dynamics has an average rating of “Hold” and an average price target of $125.29.

Steel Dynamics Price Performance

STLD opened at $133.34 on Monday. Steel Dynamics, Inc. has a 1 year low of $90.55 and a 1 year high of $151.34. The stock has a 50-day moving average price of $138.76 and a 200-day moving average price of $126.42. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.87 and a quick ratio of 1.55. The firm has a market cap of $20.95 billion, a PE ratio of 9.16 and a beta of 1.47.

Steel Dynamics (NASDAQ:STLD) last issued its earnings results on Tuesday, April 23rd. The basic materials company reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $3.54 by $0.13. Steel Dynamics had a return on equity of 27.62% and a net margin of 12.89%. The business had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the previous year, the firm earned $4.01 EPS. Steel Dynamics’s revenue was down 4.1% on a year-over-year basis. Sell-side analysts predict that Steel Dynamics, Inc. will post 12.44 earnings per share for the current fiscal year.

Steel Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Sunday, June 30th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Friday, June 28th. Steel Dynamics’s dividend payout ratio (DPR) is 12.64%.

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.