Jump Financial LLC Sells 9,417 Shares of Steel Dynamics, Inc. (NASDAQ:STLD)

Jump Financial LLC decreased its position in shares of Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 63.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,365 shares of the basic materials company's stock after selling 9,417 shares during the period. Jump Financial LLC's holdings in Steel Dynamics were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of STLD. Wilmington Savings Fund Society FSB bought a new stake in shares of Steel Dynamics during the third quarter worth $25,000. ORG Wealth Partners LLC acquired a new position in Steel Dynamics during the 4th quarter valued at about $28,000. IAG Wealth Partners LLC bought a new position in shares of Steel Dynamics in the 4th quarter valued at about $39,000. Avalon Trust Co acquired a new stake in shares of Steel Dynamics during the 4th quarter worth approximately $42,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Steel Dynamics during the fourth quarter worth approximately $48,000. Institutional investors own 82.41% of the company's stock.

Insider Buying and Selling

In other news, SVP Glenn Pushis sold 23,649 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $134.67, for a total transaction of $3,184,810.83. Following the completion of the sale, the senior vice president now owns 122,140 shares of the company's stock, valued at approximately $16,448,593.80. This represents a 16.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.30% of the stock is currently owned by company insiders.

Steel Dynamics Stock Down 0.1 %

Shares of Steel Dynamics stock traded down $0.15 on Tuesday, reaching $127.79. 221,446 shares of the company were exchanged, compared to its average volume of 1,495,926. The company has a market capitalization of $19.15 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 1.05 and a beta of 1.35. The company has a current ratio of 2.53, a quick ratio of 1.08 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $123.83 and a 200 day moving average of $128.14. Steel Dynamics, Inc. has a one year low of $103.17 and a one year high of $155.56.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The basic materials company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.04. Steel Dynamics had a return on equity of 17.32% and a net margin of 8.76%. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter in the previous year, the business earned $3.67 earnings per share. On average, equities research analysts forecast that Steel Dynamics, Inc. will post 9.01 earnings per share for the current year.

Steel Dynamics announced that its board has authorized a stock repurchase plan on Monday, February 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the basic materials company to purchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Steel Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.57%. Steel Dynamics's dividend payout ratio is presently 26.42%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STLD. JPMorgan Chase & Co. increased their price target on Steel Dynamics from $135.00 to $138.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. StockNews.com cut shares of Steel Dynamics from a "hold" rating to a "sell" rating in a research report on Friday. BNP Paribas raised Steel Dynamics from a "neutral" rating to an "outperform" rating in a research report on Friday, January 3rd. Wolfe Research raised shares of Steel Dynamics from an "underperform" rating to a "peer perform" rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group raised shares of Steel Dynamics from a "hold" rating to a "buy" rating and boosted their price objective for the company from $125.00 to $145.00 in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.44.

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.