Yousif Capital Management LLC Has $2.59 Million Stake in Steel Dynamics, Inc. (NASDAQ:STLD)

Yousif Capital Management LLC reduced its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 50.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,945 shares of the basic materials company's stock after selling 22,212 shares during the period. Yousif Capital Management LLC's holdings in Steel Dynamics were worth $2,592,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB increased its position in Steel Dynamics by 1.1% during the 4th quarter. Nordea Investment Management AB now owns 1,008,853 shares of the basic materials company's stock worth $118,787,000 after purchasing an additional 11,026 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Steel Dynamics during the 4th quarter worth approximately $14,762,000. Barclays PLC increased its position in Steel Dynamics by 3.1% during the 3rd quarter. Barclays PLC now owns 363,518 shares of the basic materials company's stock worth $38,975,000 after purchasing an additional 10,942 shares in the last quarter. AustralianSuper Pty Ltd increased its position in Steel Dynamics by 13.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 514,888 shares of the basic materials company's stock worth $60,808,000 after purchasing an additional 59,668 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Steel Dynamics in the fourth quarter valued at approximately $1,087,000. 82.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STLD. JPMorgan Chase & Co. increased their price objective on shares of Steel Dynamics from $100.00 to $118.00 and gave the company an "underweight" rating in a research report on Tuesday, April 16th. UBS Group lowered their price objective on shares of Steel Dynamics from $120.00 to $119.00 and set a "neutral" rating for the company in a research report on Wednesday, January 24th. BMO Capital Markets increased their price objective on shares of Steel Dynamics from $110.00 to $120.00 and gave the company a "market perform" rating in a research report on Monday, March 18th. Finally, Citigroup increased their price objective on shares of Steel Dynamics from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Steel Dynamics has a consensus rating of "Hold" and an average price target of $121.17.

Steel Dynamics Stock Down 3.7 %

Shares of Steel Dynamics stock traded down $4.95 on Tuesday, hitting $130.12. 1,378,639 shares of the company's stock traded hands, compared to its average volume of 1,200,347. The stock has a market cap of $20.55 billion, a P/E ratio of 8.94 and a beta of 1.42. The company has a quick ratio of 1.55, a current ratio of 2.87 and a debt-to-equity ratio of 0.29. The firm's 50-day moving average is $137.63 and its 200 day moving average is $122.66. Steel Dynamics, Inc. has a 52-week low of $90.55 and a 52-week high of $151.34.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last released its earnings results on Tuesday, April 23rd. The basic materials company reported $3.67 EPS for the quarter, beating the consensus estimate of $3.54 by $0.13. Steel Dynamics had a return on equity of 27.62% and a net margin of 12.89%. The company had revenue of $4.69 billion during the quarter, compared to analysts' expectations of $4.74 billion. During the same period in the prior year, the business posted $4.01 EPS. The business's revenue was down 4.1% on a year-over-year basis. Equities analysts anticipate that Steel Dynamics, Inc. will post 12.31 earnings per share for the current year.

Steel Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, April 14th. Investors of record on Sunday, March 31st were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Steel Dynamics's previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 1.41%. Steel Dynamics's dividend payout ratio (DPR) is 12.64%.

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.