Scientech Research LLC Has $895,000 Position in Steel Dynamics, Inc. $STLD

Scientech Research LLC grew its holdings in Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 48.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,159 shares of the basic materials company's stock after acquiring an additional 2,345 shares during the period. Scientech Research LLC's holdings in Steel Dynamics were worth $895,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Steel Dynamics by 493.9% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 196 shares of the basic materials company's stock worth $25,000 after buying an additional 163 shares during the period. Financial Gravity Asset Management Inc. bought a new stake in Steel Dynamics in the 1st quarter valued at $25,000. Zions Bancorporation National Association UT acquired a new position in shares of Steel Dynamics in the 1st quarter valued at $32,000. WPG Advisers LLC acquired a new position in shares of Steel Dynamics in the 1st quarter valued at $32,000. Finally, Grove Bank & Trust raised its stake in shares of Steel Dynamics by 194.7% in the 1st quarter. Grove Bank & Trust now owns 277 shares of the basic materials company's stock valued at $35,000 after buying an additional 183 shares in the last quarter. 82.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Christopher A. Graham sold 12,000 shares of the stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $126.71, for a total value of $1,520,520.00. Following the transaction, the senior vice president directly owned 66,738 shares of the company's stock, valued at $8,456,371.98. This represents a 15.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.30% of the company's stock.

Steel Dynamics Trading Up 1.9%

Shares of NASDAQ:STLD traded up $2.43 during trading on Wednesday, hitting $132.72. 865,100 shares of the company's stock were exchanged, compared to its average volume of 1,168,376. Steel Dynamics, Inc. has a 1-year low of $103.17 and a 1-year high of $155.56. The firm has a 50-day moving average price of $129.57 and a two-hundred day moving average price of $128.08. The company has a current ratio of 3.13, a quick ratio of 1.34 and a debt-to-equity ratio of 0.43. The firm has a market cap of $19.54 billion, a P/E ratio of 19.35, a PEG ratio of 1.05 and a beta of 1.40.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The basic materials company reported $2.01 earnings per share 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 firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the business earned $2.72 EPS. The firm's revenue was down 1.5% compared to the same quarter last year. Equities analysts predict that Steel Dynamics, Inc. will post 9.01 earnings per share for the current year.

Steel Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, September 30th. Steel Dynamics's payout ratio is presently 29.15%.

Analyst Upgrades and Downgrades

STLD has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Steel Dynamics from $138.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wells Fargo & Company raised shares of Steel Dynamics to a "strong-buy" rating in a report on Thursday, August 14th. Finally, Morgan Stanley lifted their price target on shares of Steel Dynamics from $140.00 to $145.00 and gave the company an "overweight" rating in a report on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Steel Dynamics currently has an average rating of "Moderate Buy" and a consensus price target of $148.70.

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.