Universal Beteiligungs und Servicegesellschaft mbH Reduces Stock Position in Steel Dynamics, Inc. (NASDAQ:STLD)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Steel Dynamics, Inc. by 8.2%, selling 7,784 shares in the first quarter, now holding 86,772 shares worth approximately $10.85 million.
• Steel Dynamics recently reported quarterly earnings with an EPS of $2.01, missing estimates by $0.04, and a revenue of $4.57 billion, down 1.5% year-over-year.
• The company declared a quarterly dividend of $0.50, representing an annual yield of 1.53%, with a current dividend payout ratio of 29.15%.

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 8.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,772 shares of the basic materials company's stock after selling 7,784 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Steel Dynamics worth $10,853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in shares of Steel Dynamics during the first quarter valued at about $25,000. Grove Bank & Trust raised its stake in shares of Steel Dynamics by 194.7% during the first quarter. Grove Bank & Trust now owns 277 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 183 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of Steel Dynamics during the first quarter valued at about $36,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Steel Dynamics during the first quarter valued at about $38,000. Finally, Investment Management Corp VA ADV bought a new position in shares of Steel Dynamics during the fourth quarter valued at about $40,000. 82.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Miguel Alvarez sold 7,495 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $135.26, for a total value of $1,013,773.70. Following the completion of the transaction, the senior vice president owned 125,319 shares in the company, valued at $16,950,647.94. The trade was a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gabriel Shaheen sold 1,254 shares of the business's stock in a transaction 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 completion of the transaction, the director owned 81,812 shares of the company's stock, valued at $10,971,807.32. This represents a 1.51% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company's stock.

Steel Dynamics Stock Up 3.2%

STLD traded up $4.00 during midday trading on Friday, reaching $130.83. The company's stock had a trading volume of 1,031,232 shares, compared to its average volume of 1,284,208. The firm has a market capitalization of $19.42 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.06 and a beta of 1.37. The company has a current ratio of 3.13, a quick ratio of 1.38 and a debt-to-equity ratio of 0.43. Steel Dynamics, Inc. has a 1 year low of $103.17 and a 1 year high of $155.56. The stock's 50-day moving average is $131.27 and its 200-day moving average is $128.05.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The basic materials company reported $2.01 earnings per share for the quarter, missing analysts' consensus estimates of $2.05 by ($0.04). The business had revenue of $4.57 billion during the quarter, compared to analysts' expectations of $4.82 billion. Steel Dynamics had a return on equity of 11.88% and a net margin of 6.07%. Steel Dynamics's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.72 EPS. As a group, research analysts expect that Steel Dynamics, Inc. will post 9.01 EPS for the current year.

Steel Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Monday, June 30th. Steel Dynamics's payout ratio is 29.15%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on STLD. JPMorgan Chase & Co. upped their price objective on shares of Steel Dynamics from $138.00 to $150.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Morgan Stanley increased their price target on shares of Steel Dynamics from $140.00 to $145.00 and gave the stock an "overweight" rating in a research note on Friday, June 20th. Wall Street Zen downgraded shares of Steel Dynamics from a "hold" rating to a "sell" rating in a research note on Friday, April 25th. Finally, BMO Capital Markets raised shares of Steel Dynamics from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $135.00 to $145.00 in a research note on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Steel Dynamics has a consensus rating of "Moderate Buy" and an average target price of $149.33.

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.