ORG Wealth Partners LLC Invests $28,000 in Steel Dynamics, Inc. (NASDAQ:STLD)

ORG Wealth Partners LLC bought a new stake in Steel Dynamics, Inc. (NASDAQ:STLD) in the fourth quarter, HoldingsChannel.com reports. The firm bought 246 shares of the basic materials company’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of STLD. Wilmington Savings Fund Society FSB acquired a new stake in Steel Dynamics in the 3rd quarter valued at about $25,000. Private Trust Co. NA raised its holdings in Steel Dynamics by 532.6% in the third quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 245 shares in the last quarter. Brooklyn Investment Group purchased a new position in Steel Dynamics in the third quarter worth approximately $61,000. Quest Partners LLC acquired a new position in Steel Dynamics during the 3rd quarter worth approximately $62,000. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Steel Dynamics in the 3rd quarter valued at approximately $64,000. 82.41% of the stock is owned by institutional investors and hedge funds.

Steel Dynamics Trading Down 0.1 %

STLD opened at $116.33 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.39 and a debt-to-equity ratio of 0.31. Steel Dynamics, Inc. has a 52 week low of $104.60 and a 52 week high of $155.56. The business’s 50 day moving average is $131.42 and its two-hundred day moving average is $126.59. The firm has a market cap of $17.71 billion, a price-to-earnings ratio of 10.53 and a beta of 1.36.

Steel Dynamics (NASDAQ:STLD) last announced its earnings results on Wednesday, October 16th. The basic materials company reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.07. The business had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Steel Dynamics had a net margin of 9.80% and a return on equity of 19.82%. The company’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.47 EPS. On average, research analysts predict that Steel Dynamics, Inc. will post 10.09 EPS for the current year.

Steel Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.58%. Steel Dynamics’s dividend payout ratio (DPR) is 16.65%.

Insider Buying and Selling

In other news, SVP Miguel Alvarez sold 6,650 shares of Steel Dynamics 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 sale, the senior vice president now owns 116,949 shares of the company’s stock, valued at $16,723,707. The trade was a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Richard A. Poinsatte sold 2,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $138.75, for a total transaction of $277,500.00. Following the transaction, the senior vice president now directly owns 21,101 shares of the company’s stock, valued at $2,927,763.75. This represents a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,591 shares of company stock valued at $3,885,938 over the last quarter. 6.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on STLD. UBS Group reiterated a “neutral” rating and set a $149.00 target price (up previously from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. The Goldman Sachs Group began coverage on Steel Dynamics in a research report on Monday, December 2nd. They set a “neutral” rating and a $155.00 price objective for the company. 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. BNP Paribas upgraded Steel Dynamics from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Finally, Jefferies Financial Group dropped their price target on shares of Steel Dynamics from $145.00 to $125.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Steel Dynamics has a consensus rating of “Hold” and a consensus price target of $141.13.

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.