Eisler Capital UK Ltd. Buys New Position in Steel Dynamics, Inc. (NASDAQ:STLD)

Eisler Capital UK Ltd. purchased a new position in Steel Dynamics, Inc. (NASDAQ:STLDFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,472 shares of the basic materials company’s stock, valued at approximately $1,473,000. Steel Dynamics comprises about 0.0% of Eisler Capital UK Ltd.’s holdings, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in STLD. Private Advisor Group LLC raised its position in Steel Dynamics by 5.3% during the third quarter. Private Advisor Group LLC now owns 3,105 shares of the basic materials company’s stock valued at $333,000 after purchasing an additional 156 shares in the last quarter. Sigma Planning Corp purchased a new position in shares of Steel Dynamics in the third quarter valued at about $388,000. Atria Investments Inc bought a new stake in shares of Steel Dynamics in the third quarter worth about $1,290,000. Great Lakes Advisors LLC raised its position in Steel Dynamics by 6.3% during the 3rd quarter. Great Lakes Advisors LLC now owns 34,955 shares of the basic materials company’s stock valued at $3,748,000 after purchasing an additional 2,085 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in Steel Dynamics by 8.9% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 2,605 shares of the basic materials company’s stock worth $279,000 after buying an additional 212 shares during the period. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Analysts Set New Price Targets

STLD has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on Steel Dynamics from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Monday, March 18th. Jefferies Financial Group assumed coverage on shares of Steel Dynamics in a research report on Monday, May 20th. They set a “hold” rating and a $150.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Steel Dynamics from $100.00 to $118.00 and gave the stock an “underweight” rating in a report on Tuesday, April 16th. Finally, Citigroup upped their target price on Steel Dynamics from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $125.29.

Read Our Latest Stock Report on Steel Dynamics

Insider Buying and Selling at Steel Dynamics

In other news, SVP Christopher A. Graham sold 21,000 shares of Steel Dynamics stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $136.81, for a total transaction of $2,873,010.00. Following the transaction, the senior vice president now owns 60,415 shares in the company, valued at approximately $8,265,376.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.10% of the stock is owned by corporate insiders.

Steel Dynamics Stock Up 0.7 %

STLD stock traded up $0.86 during trading on Wednesday, hitting $128.10. 204,794 shares of the stock traded hands, compared to its average volume of 1,161,417. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.87 and a quick ratio of 1.55. The stock has a market cap of $20.13 billion, a price-to-earnings ratio of 8.74 and a beta of 1.40. Steel Dynamics, Inc. has a 1 year low of $95.53 and a 1 year high of $151.34. The firm’s 50 day moving average is $137.28 and its two-hundred day moving average is $127.54.

Steel Dynamics (NASDAQ:STLDGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported $3.67 earnings per share for the quarter, beating the consensus estimate of $3.54 by $0.13. The company had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.74 billion. Steel Dynamics had a net margin of 12.89% and a return on equity of 27.62%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.01 earnings per share. On average, sell-side analysts anticipate that Steel Dynamics, Inc. will post 12.44 EPS for the current year.

Steel Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Sunday, June 30th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, June 28th. This represents a $1.84 dividend on an annualized basis and a yield of 1.44%. Steel Dynamics’s dividend payout ratio is currently 12.64%.

Steel Dynamics Profile

(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.

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Institutional Ownership by Quarter for Steel Dynamics (NASDAQ:STLD)

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