Quantinno Capital Management LP Buys 4,857 Shares of Steel Dynamics, Inc. (NASDAQ:STLD)

Quantinno Capital Management LP lifted its holdings in shares of Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 60.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,904 shares of the basic materials company's stock after purchasing an additional 4,857 shares during the period. Quantinno Capital Management LP's holdings in Steel Dynamics were worth $1,472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. IAG Wealth Partners LLC purchased a new position in shares of Steel Dynamics in the fourth quarter worth about $39,000. Avalon Trust Co bought a new stake in Steel Dynamics during the 4th quarter valued at $42,000. Golden State Wealth Management LLC purchased a new stake in shares of Steel Dynamics during the fourth quarter worth $48,000. Transamerica Financial Advisors Inc. lifted its position in shares of Steel Dynamics by 1,400.0% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 450 shares of the basic materials company's stock worth $52,000 after acquiring an additional 420 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Steel Dynamics by 38.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 541 shares of the basic materials company's stock worth $62,000 after acquiring an additional 150 shares during the period. 82.41% of the stock is owned by hedge funds and other institutional investors.

Steel Dynamics Price Performance

Shares of Steel Dynamics stock traded down $0.00 during trading on Wednesday, hitting $128.74. 197,116 shares of the stock traded hands, compared to its average volume of 1,521,830. The firm's fifty day moving average is $125.35 and its 200-day moving average is $127.70. The stock has a market cap of $19.11 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.05 and a beta of 1.44. Steel Dynamics, Inc. has a 52 week low of $103.17 and a 52 week high of $155.56. The company has a quick ratio of 1.08, a current ratio of 2.53 and a debt-to-equity ratio of 0.32.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The basic materials company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.04. Steel Dynamics had a net margin of 8.76% and a return on equity of 17.32%. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.17 billion. During the same period in the previous year, the business posted $3.67 EPS. Research analysts expect that Steel Dynamics, Inc. will post 9.01 EPS for the current fiscal year.

Steel Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.55%. Steel Dynamics's dividend payout ratio (DPR) is currently 26.42%.

Steel Dynamics declared that its Board of Directors has approved a stock repurchase plan on Monday, February 24th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the basic materials company to purchase up to 7.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on STLD. Wall Street Zen lowered Steel Dynamics from a "hold" rating to a "sell" rating in a research note on Friday, April 25th. KeyCorp raised shares of Steel Dynamics from a "sector weight" rating to an "overweight" rating and set a $155.00 price objective for the company in a research note on Tuesday, February 11th. Morgan Stanley set a $140.00 target price on shares of Steel Dynamics and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Wolfe Research upgraded shares of Steel Dynamics from an "underperform" rating to a "peer perform" rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets upgraded Steel Dynamics from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $135.00 to $145.00 in a research report on Monday, March 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $147.44.

Insider Transactions at Steel Dynamics

In other news, SVP Miguel Alvarez sold 7,495 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $135.26, for a total value of $1,013,773.70. Following the transaction, the senior vice president now owns 125,319 shares in the company, valued at approximately $16,950,647.94. This trade represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.30% of the company's stock.

About Steel Dynamics

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.