Universal Beteiligungs und Servicegesellschaft mbH Has $11.92 Million Stock Position in Steel Dynamics, Inc. $STLD

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,469 shares of the basic materials company’s stock after purchasing an additional 4,551 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Steel Dynamics worth $11,917,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of STLD. Trust Co. of Toledo NA OH bought a new stake in Steel Dynamics in the 2nd quarter valued at $30,000. Rosenberg Matthew Hamilton lifted its position in Steel Dynamics by 306.2% during the second quarter. Rosenberg Matthew Hamilton now owns 264 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 199 shares during the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of Steel Dynamics by 50.0% during the third quarter. Toth Financial Advisory Corp now owns 300 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 100 shares during the period. True Wealth Design LLC grew its position in shares of Steel Dynamics by 120.4% in the second quarter. True Wealth Design LLC now owns 324 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 177 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of Steel Dynamics in the third quarter valued at approximately $48,000. 82.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Steel Dynamics news, SVP Miguel Alvarez sold 8,251 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $162.79, for a total transaction of $1,343,180.29. Following the sale, the senior vice president owned 117,068 shares of the company’s stock, valued at approximately $19,057,499.72. The trade was a 6.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.30% of the stock is owned by corporate insiders.

Steel Dynamics Price Performance

Shares of STLD stock opened at $181.32 on Friday. The business has a fifty day simple moving average of $169.72 and a 200 day simple moving average of $149.04. The company has a market cap of $26.48 billion, a P/E ratio of 24.02, a P/E/G ratio of 0.76 and a beta of 1.48. The company has a quick ratio of 1.47, a current ratio of 3.11 and a debt-to-equity ratio of 0.43. Steel Dynamics, Inc. has a twelve month low of $103.17 and a twelve month high of $182.81.

Steel Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.00 annualized dividend and a yield of 1.1%. Steel Dynamics’s dividend payout ratio is presently 26.49%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Steel Dynamics in a research report on Monday, December 29th. KeyCorp reissued an “overweight” rating and issued a $190.00 price objective on shares of Steel Dynamics in a report on Wednesday, January 7th. Jefferies Financial Group raised their target price on shares of Steel Dynamics from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $194.00 price target (up from $173.00) on shares of Steel Dynamics in a research report on Friday, January 9th. Finally, The Goldman Sachs Group set a $172.00 price target on Steel Dynamics and gave the stock a “neutral” rating in a research report on Friday, October 31st. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $182.00.

About Steel Dynamics

Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.

The company’s product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.