Sapient Capital LLC acquired a new position in shares of Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 326,937 shares of the basic materials company's stock, valued at approximately $38,750,000. Steel Dynamics makes up approximately 1.0% of Sapient Capital LLC's investment portfolio, making the stock its 23rd largest position. Sapient Capital LLC owned about 0.20% of Steel Dynamics as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CVA Family Office LLC bought a new position in shares of Steel Dynamics during the fourth quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Steel Dynamics in the 4th quarter valued at about $29,000. Lindbrook Capital LLC lifted its position in shares of Steel Dynamics by 117.5% during the 4th quarter. Lindbrook Capital LLC now owns 248 shares of the basic materials company's stock worth $29,000 after buying an additional 134 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Steel Dynamics in the 4th quarter worth approximately $44,000. Finally, Denali Advisors LLC grew its holdings in shares of Steel Dynamics by 99.0% in the fourth quarter. Denali Advisors LLC now owns 406 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 202 shares in the last quarter. 82.41% of the stock is owned by hedge funds and other institutional investors.
Steel Dynamics Stock Performance
Shares of STLD stock traded up $4.68 on Friday, hitting $135.47. 1,220,665 shares of the stock were exchanged, compared to its average volume of 1,163,849. The firm's 50 day moving average is $138.22 and its two-hundred day moving average is $123.26. Steel Dynamics, Inc. has a one year low of $90.55 and a one year high of $151.34. The firm has a market capitalization of $21.40 billion, a PE ratio of 9.30 and a beta of 1.47. The company has a current ratio of 2.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.29.
Steel Dynamics (NASDAQ:STLD - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The basic materials company reported $3.67 earnings per share for the quarter, topping analysts' consensus estimates of $3.54 by $0.13. Steel Dynamics had a net margin of 12.89% and a return on equity of 27.62%. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same quarter last year, the business earned $4.01 earnings per share. The company's quarterly revenue was down 4.1% on a year-over-year basis. Sell-side analysts expect that Steel Dynamics, Inc. will post 12.76 earnings per share for the current fiscal year.
Steel Dynamics Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, April 14th. Investors of record on Sunday, March 31st were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.36%. This is a positive change from Steel Dynamics's previous quarterly dividend of $0.43. The ex-dividend date was Wednesday, March 27th. Steel Dynamics's payout ratio is currently 12.64%.
Wall Street Analysts Forecast Growth
STLD has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on Steel Dynamics from $110.00 to $120.00 and gave the stock a "market perform" rating in a report on Monday, March 18th. UBS Group lowered their target price on Steel Dynamics from $120.00 to $119.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 24th. JPMorgan Chase & Co. increased their price target 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. Finally, Citigroup lifted their price objective on shares of Steel Dynamics from $130.00 to $160.00 and gave the stock 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.com, the stock has an average rating of "Hold" and an average target price of $121.17.
Get Our Latest Report on STLD
About Steel Dynamics
(
Free Report)
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.
Featured Articles
Before you consider Steel Dynamics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Steel Dynamics wasn't on the list.
While Steel Dynamics currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
