AEGON ASSET MANAGEMENT UK Plc Has $28.58 Million Stake in Steel Dynamics, Inc. (NASDAQ:STLD)

AEGON ASSET MANAGEMENT UK Plc raised its holdings in Steel Dynamics, Inc. (NASDAQ:STLD) by 192.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 250,621 shares of the basic materials company’s stock after acquiring an additional 164,895 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Steel Dynamics were worth $28,577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Steel Dynamics in the third quarter valued at about $25,000. ORG Wealth Partners LLC bought a new position in Steel Dynamics in the fourth quarter valued at approximately $28,000. Private Trust Co. NA increased its position in shares of Steel Dynamics by 532.6% during the 3rd quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 245 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Steel Dynamics during the 3rd quarter worth approximately $61,000. Finally, Quest Partners LLC bought a new position in shares of Steel Dynamics in the third quarter valued at $62,000. 82.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Steel Dynamics news, SVP Miguel Alvarez sold 6,650 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $143.00, for a total value of $950,950.00. Following the transaction, the senior vice president now directly owns 116,949 shares of the company’s stock, valued at $16,723,707. This trade represents a 5.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chad Bickford sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $134.86, for a total transaction of $269,720.00. Following the sale, the vice president now directly owns 17,100 shares of the company’s stock, valued at approximately $2,306,106. This trade represents a 10.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,650 shares of company stock worth $1,498,170 in the last quarter. Corporate insiders own 6.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on STLD. StockNews.com lowered shares of Steel Dynamics from a “hold” rating to a “sell” rating in a research report on Thursday. The Goldman Sachs Group started coverage on shares of Steel Dynamics in a report on Monday, December 2nd. They issued a “neutral” rating and a $155.00 target price on the stock. UBS Group reiterated a “neutral” rating and set a $149.00 price target (up previously from $145.00) on shares of Steel Dynamics in a report on Thursday, December 12th. BNP Paribas upgraded Steel Dynamics from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, BMO Capital Markets lifted their target price on Steel Dynamics from $130.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $143.38.

Steel Dynamics Price Performance

Shares of NASDAQ STLD opened at $122.35 on Friday. The firm has a market cap of $18.63 billion, a P/E ratio of 12.48 and a beta of 1.36. The business’s 50 day moving average is $127.27 and its 200-day moving average is $126.37. The company has a current ratio of 2.39, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. Steel Dynamics, Inc. has a 1-year low of $104.60 and a 1-year high of $155.56.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings data on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.33). Steel Dynamics had a return on equity of 17.25% and a net margin of 8.76%. During the same period in the prior year, the firm posted $2.61 EPS. Equities research analysts predict that Steel Dynamics, Inc. will post 8.93 earnings per share for the current year.

Steel Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, December 31st. Steel Dynamics’s dividend payout ratio is currently 18.78%.

Steel Dynamics Company 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.