Robeco Institutional Asset Management B.V. Sells 160,663 Shares of Steel Dynamics, Inc. (NASDAQ:STLD)

Robeco Institutional Asset Management B.V. lessened its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 36.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 282,084 shares of the basic materials company’s stock after selling 160,663 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Steel Dynamics were worth $35,565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norden Group LLC bought a new position in shares of Steel Dynamics in the first quarter worth about $723,000. Janney Montgomery Scott LLC boosted its position in shares of Steel Dynamics by 9.7% in the first quarter. Janney Montgomery Scott LLC now owns 20,779 shares of the basic materials company’s stock valued at $3,080,000 after acquiring an additional 1,845 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of Steel Dynamics by 1.6% in the first quarter. Mutual of America Capital Management LLC now owns 35,957 shares of the basic materials company’s stock worth $5,330,000 after acquiring an additional 581 shares during the last quarter. Larson Financial Group LLC acquired a new stake in shares of Steel Dynamics in the first quarter worth $25,000. Finally, Csenge Advisory Group raised its stake in Steel Dynamics by 9.0% during the 1st quarter. Csenge Advisory Group now owns 2,858 shares of the basic materials company’s stock valued at $424,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Insider Transactions at Steel Dynamics

In related news, SVP Glenn Pushis sold 17,941 shares of Steel Dynamics stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $133.09, for a total value of $2,387,767.69. Following the completion of the transaction, the senior vice president now directly owns 146,693 shares of the company’s stock, valued at $19,523,371.37. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Chad Bickford sold 2,000 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 17,100 shares of the company’s stock, valued at $2,306,106. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Glenn Pushis sold 17,941 shares of Steel Dynamics stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $133.09, for a total value of $2,387,767.69. Following the completion of the sale, the senior vice president now owns 146,693 shares of the company’s stock, valued at approximately $19,523,371.37. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Steel Dynamics Price Performance

Shares of STLD stock opened at $135.65 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.39 and a quick ratio of 1.26. The stock’s fifty day simple moving average is $123.96 and its 200 day simple moving average is $126.39. Steel Dynamics, Inc. has a one year low of $104.60 and a one year high of $151.34. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 12.28 and a beta of 1.31.

Steel Dynamics (NASDAQ:STLD) last posted its earnings results on Wednesday, October 16th. The basic materials company reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.07. The business had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.18 billion. Steel Dynamics had a net margin of 9.80% and a return on equity of 19.82%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.47 EPS. On average, analysts expect that Steel Dynamics, Inc. will post 10.22 earnings per share for the current fiscal year.

Steel Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Monday, September 30th. Steel Dynamics’s dividend payout ratio is currently 16.65%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on STLD. Morgan Stanley decreased their price target on shares of Steel Dynamics from $138.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 18th. BMO Capital Markets boosted their price target on Steel Dynamics from $130.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. UBS Group upgraded Steel Dynamics from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $129.00 to $145.00 in a research report on Tuesday, September 3rd. Bank of America upgraded Steel Dynamics from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $155.00 in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. raised their target price on Steel Dynamics from $129.00 to $134.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Steel Dynamics presently has an average rating of “Hold” and a consensus target price of $144.29.

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.