Robeco Institutional Asset Management B.V. Has $214.54 Million Stock Holdings in Steel Dynamics, Inc. $STLD

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Steel Dynamics, Inc. by 40.6%, bringing its total holdings to $214.54 million with nearly 1.68 million shares.
• Multiple institutional investors have significantly boosted their holdings in Steel Dynamics, collectively owning 82.41% of the company's stock.
• Steel Dynamics has announced a quarterly dividend of $0.50 per share, with a yield of 1.4% and a payout ratio of 29.15%.

Robeco Institutional Asset Management B.V. raised its holdings in Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 40.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,675,973 shares of the basic materials company's stock after purchasing an additional 484,304 shares during the quarter. Robeco Institutional Asset Management B.V. owned 1.13% of Steel Dynamics worth $214,541,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in shares of Steel Dynamics by 433.1% during the 1st quarter. Victory Capital Management Inc. now owns 1,816,525 shares of the basic materials company's stock valued at $227,211,000 after acquiring an additional 1,475,767 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Steel Dynamics by 25.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,066,300 shares of the basic materials company's stock valued at $883,854,000 after acquiring an additional 1,437,897 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Steel Dynamics during the 1st quarter valued at $62,470,000. AQR Capital Management LLC boosted its holdings in shares of Steel Dynamics by 302.3% during the 1st quarter. AQR Capital Management LLC now owns 350,376 shares of the basic materials company's stock valued at $42,988,000 after acquiring an additional 263,278 shares in the last quarter. Finally, Encompass Capital Advisors LLC acquired a new stake in shares of Steel Dynamics during the 1st quarter valued at $27,569,000. Institutional investors and hedge funds own 82.41% of the company's stock.

Insider Buying and Selling

In related news, SVP Christopher A. Graham sold 12,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $126.71, for a total transaction of $1,520,520.00. Following the completion of the sale, the senior vice president owned 66,738 shares of the company's stock, valued at $8,456,371.98. This trade represents a 15.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

STLD has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on Steel Dynamics from $138.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Morgan Stanley raised their price objective on Steel Dynamics from $140.00 to $145.00 and gave the company an "overweight" rating in a report on Friday, June 20th. Finally, Wells Fargo & Company raised their price objective on Steel Dynamics from $143.00 to $150.00 and gave the company an "overweight" rating in a report on Monday, September 15th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $148.78.

Steel Dynamics Stock Up 1.1%

Shares of NASDAQ:STLD opened at $141.00 on Thursday. The firm has a market cap of $20.76 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.13 and a beta of 1.40. The company has a quick ratio of 1.34, a current ratio of 3.13 and a debt-to-equity ratio of 0.43. Steel Dynamics, Inc. has a 12-month low of $103.17 and a 12-month high of $155.56. The business has a fifty day simple moving average of $130.92 and a 200 day simple moving average of $129.06.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last announced its earnings results on Monday, July 21st. The basic materials company reported $2.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.04). Steel Dynamics had a return on equity of 11.88% and a net margin of 6.07%.The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the business earned $2.72 earnings per share. The firm's revenue for the quarter was down 1.5% on a year-over-year basis. Analysts predict that Steel Dynamics, Inc. will post 9.01 earnings per share for the current year.

Steel Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 1.4%. Steel Dynamics's dividend payout ratio (DPR) is currently 29.15%.

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.

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