Robeco Institutional Asset Management B.V. Raises Holdings in Steel Dynamics, Inc. (NASDAQ:STLD)

Robeco Institutional Asset Management B.V. raised its stake in Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 531.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,191,669 shares of the basic materials company's stock after acquiring an additional 1,002,813 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.79% of Steel Dynamics worth $149,054,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Steel Dynamics in the fourth quarter worth about $336,426,000. Capital Research Global Investors increased its stake in Steel Dynamics by 29.4% in the 4th quarter. Capital Research Global Investors now owns 3,592,670 shares of the basic materials company's stock worth $409,816,000 after acquiring an additional 815,629 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Steel Dynamics by 8.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,628,403 shares of the basic materials company's stock worth $642,033,000 after acquiring an additional 451,630 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Steel Dynamics by 18,398.4% during the 1st quarter. GAMMA Investing LLC now owns 447,661 shares of the basic materials company's stock worth $55,993,000 after acquiring an additional 445,241 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Steel Dynamics by 14.1% during the 4th quarter. First Trust Advisors LP now owns 3,179,062 shares of the basic materials company's stock valued at $362,636,000 after acquiring an additional 393,516 shares during the last quarter. Hedge funds and other institutional investors own 82.41% of the company's stock.

Steel Dynamics Trading Up 2.4%

Shares of NASDAQ STLD traded up $3.02 during midday trading on Thursday, hitting $131.50. The company's stock had a trading volume of 1,251,933 shares, compared to its average volume of 1,532,106. The business's 50 day moving average is $129.70 and its two-hundred day moving average is $126.09. Steel Dynamics, Inc. has a 12-month low of $103.17 and a 12-month high of $155.56. The company has a current ratio of 2.74, a quick ratio of 1.38 and a debt-to-equity ratio of 0.44. The firm has a market cap of $19.52 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 0.97 and a beta of 1.38.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last released its earnings results on Tuesday, April 22nd. The basic materials company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.04. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.17 billion. Steel Dynamics had a return on equity of 13.26% and a net margin of 6.80%. During the same period last year, the company earned $3.67 earnings per share. As a group, equities research analysts expect that Steel Dynamics, Inc. will post 9.01 EPS for the current year.

Steel Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be paid a $0.50 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 1.52%. Steel Dynamics's dividend payout ratio is currently 26.42%.

Insider Transactions at Steel Dynamics

In related news, Director Gabriel Shaheen sold 1,254 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $134.11, for a total value of $168,173.94. Following the transaction, the director now owns 81,812 shares of the company's stock, valued at $10,971,807.32. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Miguel Alvarez sold 7,495 shares of Steel Dynamics stock in a transaction 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 sale, the senior vice president now directly owns 125,319 shares of the company's stock, valued at approximately $16,950,647.94. This trade represents a 5.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on STLD. JPMorgan Chase & Co. boosted their price target on shares of Steel Dynamics from $135.00 to $138.00 and gave the stock a "neutral" rating in a research report on Thursday, April 24th. Morgan Stanley boosted their target price on shares of Steel Dynamics from $140.00 to $145.00 and gave the stock an "overweight" rating in a report on Friday, June 20th. UBS Group raised shares of Steel Dynamics from a "neutral" rating to a "buy" rating and set a $149.00 price target for the company in a report on Monday, March 24th. Wolfe Research raised Steel Dynamics from an "underperform" rating to a "peer perform" rating in a research note on Thursday, February 27th. Finally, Wall Street Zen downgraded Steel Dynamics from a "hold" rating to a "sell" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $148.00.

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.