Steel Dynamics, Inc. $STLD Holdings Raised by Delphi Management Inc. MA

Key Points

• Delphi Management Inc. MA boosted its stake in Steel Dynamics by 399.1% to 8,161 shares (about $1.383 million), and overall institutional ownership is high at 82.41% as multiple funds increased or initiated positions.
• Steel Dynamics reported quarterly EPS of $1.82, beating estimates by $0.10, while revenue of $4.41 billion missed expectations despite a 14% year‑over‑year increase; analysts currently project about 9.01 EPS for the year.
• The company raised its quarterly dividend to $0.53 (annualized $2.12, yield ~1.2%, DPR ~26.5%), and the stock carries a MarketBeat consensus rating of Hold with a $182.44 price target.

Delphi Management Inc. MA lifted its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 399.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,161 shares of the basic materials company's stock after purchasing an additional 6,526 shares during the quarter. Delphi Management Inc. MA's holdings in Steel Dynamics were worth $1,383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of STLD. NewEdge Advisors LLC raised its stake in shares of Steel Dynamics by 307.5% during the first quarter. NewEdge Advisors LLC now owns 819 shares of the basic materials company's stock valued at $102,000 after purchasing an additional 618 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Steel Dynamics by 82.7% during the first quarter. Acadian Asset Management LLC now owns 3,485 shares of the basic materials company's stock valued at $435,000 after purchasing an additional 1,578 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Steel Dynamics by 14.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,694 shares of the basic materials company's stock valued at $217,000 after purchasing an additional 218 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Steel Dynamics by 130.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,066 shares of the basic materials company's stock valued at $264,000 after purchasing an additional 1,168 shares in the last quarter. Finally, StoneX Group Inc. acquired a new position in Steel Dynamics during the second quarter worth about $289,000. 82.41% of the stock is currently owned by institutional investors.

Steel Dynamics Trading Down 2.0%

Shares of STLD opened at $176.53 on Tuesday. The business's 50-day moving average price is $184.87 and its 200 day moving average price is $168.81. The stock has a market capitalization of $25.55 billion, a P/E ratio of 22.04, a P/E/G ratio of 0.49 and a beta of 1.39. Steel Dynamics, Inc. has a 1-year low of $103.17 and a 1-year high of $208.47. 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 (NASDAQ:STLD - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.10. The firm had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.62 billion. Steel Dynamics had a return on equity of 13.56% and a net margin of 6.52%.Steel Dynamics's revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. Analysts expect that Steel Dynamics, Inc. will post 9.01 earnings per share for the current year.

Steel Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.12 dividend on an annualized basis and a yield of 1.2%. This is an increase from Steel Dynamics's previous quarterly dividend of $0.50. Steel Dynamics's dividend payout ratio (DPR) is 26.47%.

Analyst Upgrades and Downgrades

STLD has been the topic of a number of research analyst reports. Wall Street Zen lowered Steel Dynamics from a "buy" rating to a "hold" rating in a report on Saturday. Jefferies Financial Group reaffirmed a "buy" rating on shares of Steel Dynamics in a report on Tuesday, March 17th. JPMorgan Chase & Co. lowered their target price on Steel Dynamics from $194.00 to $192.00 and set a "neutral" rating on the stock in a report on Wednesday, March 18th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Steel Dynamics in a report on Monday, December 29th. Finally, Morgan Stanley reaffirmed an "underperform" rating and set a $190.00 target price on shares of Steel Dynamics in a report 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $182.44.

About Steel Dynamics

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.

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