10,000 Shares in Steel Dynamics, Inc. $STLD Purchased by Murphy Middleton Hinkle & Parker Inc.

Key Points

• Murphy Middleton Hinkle & Parker Inc. bought a new stake of 10,000 shares in Steel Dynamics (NASDAQ:STLD) in Q4, valued at about $1.694 million per its latest 13F filing.
• For the quarter ended Jan. 27, Steel Dynamics reported EPS of $1.82, beating estimates by $0.10, while revenue was $4.41 billion (below forecasts) but rose about 14% year‑over‑year.
• The company increased its quarterly dividend to $0.53 (annualized $2.12, ~1.3% yield), and Wall Street consensus is a "Hold" with a $182.44 price target (5 Buy, 4 Hold, 1 Sell).

Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,000 shares of the basic materials company's stock, valued at approximately $1,694,000.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its position in shares of Steel Dynamics by 1,636.4% during the third quarter. Cornerstone Planning Group LLC now owns 191 shares of the basic materials company's stock worth $27,000 after purchasing an additional 180 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in shares of Steel Dynamics by 50.0% in the third quarter. Toth Financial Advisory Corp now owns 300 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 100 shares during the period. Covestor Ltd grew its holdings in shares of Steel Dynamics by 44.3% in the third quarter. Covestor Ltd now owns 303 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 93 shares in the last quarter. CNB Bank acquired a new position in shares of Steel Dynamics in the third quarter valued at approximately $43,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Steel Dynamics during the 3rd quarter worth approximately $46,000. 82.41% of the stock is owned by institutional investors and hedge funds.

Steel Dynamics Stock Up 1.6%

STLD stock opened at $166.64 on Tuesday. The stock has a market cap of $24.14 billion, a P/E ratio of 20.80, a PEG ratio of 0.45 and a beta of 1.43. The company has a current ratio of 3.06, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48. Steel Dynamics, Inc. has a twelve month low of $103.17 and a twelve month high of $208.47. The company's 50 day moving average is $184.63 and its two-hundred day moving average is $165.89.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last issued its earnings results on Tuesday, January 27th. The basic materials company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.10. The business had revenue of $4.41 billion during the quarter, compared to analysts' expectations of $4.62 billion. Steel Dynamics had a net margin of 6.52% and a return on equity of 13.56%. The company's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 EPS. Research analysts expect that Steel Dynamics, Inc. will post 9.01 earnings per share for the current fiscal year.

Steel Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be paid a $0.53 dividend. This is a boost from Steel Dynamics's previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, March 31st. Steel Dynamics's payout ratio is currently 24.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group reiterated a "buy" rating on shares of Steel Dynamics in a report on Tuesday, March 17th. Wells Fargo & Company cut their price objective on Steel Dynamics from $210.00 to $196.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 18th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Steel Dynamics in a research note on Monday, December 29th. JPMorgan Chase & Co. decreased their target price on Steel Dynamics from $194.00 to $192.00 and set a "neutral" rating for the company in a report on Wednesday, March 18th. Finally, Morgan Stanley reissued an "underperform" rating and set a $190.00 target price on shares of Steel Dynamics in a research note on Tuesday, March 17th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $182.44.

Steel Dynamics Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.