Measured Wealth Private Client Group LLC Has $262,000 Position in Steel Dynamics, Inc. (NASDAQ:STLD)

Measured Wealth Private Client Group LLC cut its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 67.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,297 shares of the basic materials company’s stock after selling 4,743 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Steel Dynamics were worth $262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Holocene Advisors LP increased its stake in Steel Dynamics by 85.8% during the 3rd quarter. Holocene Advisors LP now owns 2,295,365 shares of the basic materials company’s stock worth $289,400,000 after purchasing an additional 1,060,007 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Steel Dynamics by 116.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,018,668 shares of the basic materials company’s stock valued at $128,434,000 after buying an additional 548,086 shares during the period. Nordea Investment Management AB increased its position in shares of Steel Dynamics by 22.4% during the fourth quarter. Nordea Investment Management AB now owns 1,384,526 shares of the basic materials company’s stock worth $158,487,000 after acquiring an additional 253,802 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Steel Dynamics by 192.4% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 250,621 shares of the basic materials company’s stock worth $28,577,000 after acquiring an additional 164,895 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in Steel Dynamics in the 3rd quarter valued at $15,880,000. 82.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

STLD has been the subject of a number of research reports. Citigroup lowered their target price on Steel Dynamics from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, December 19th. BNP Paribas raised Steel Dynamics from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price target on Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Morgan Stanley lifted their price objective on shares of Steel Dynamics from $131.00 to $145.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Finally, BMO Capital Markets increased their target price on shares of Steel Dynamics from $130.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $145.13.

Insider Transactions at Steel Dynamics

In related news, SVP Richard A. Poinsatte sold 2,000 shares of Steel Dynamics stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $138.75, for a total transaction of $277,500.00. Following the completion of the sale, the senior vice president now owns 21,101 shares of the company’s stock, valued at approximately $2,927,763.75. The trade was a 8.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Miguel Alvarez sold 6,650 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $143.00, for a total transaction of $950,950.00. Following the completion of the transaction, the senior vice president now directly owns 116,949 shares in the company, valued at approximately $16,723,707. This represents a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by corporate insiders.

Steel Dynamics Stock Performance

NASDAQ STLD opened at $126.71 on Friday. The firm has a market capitalization of $19.29 billion, a P/E ratio of 12.93 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 firm’s fifty day moving average price is $124.09 and its two-hundred day moving average price is $126.27. Steel Dynamics, Inc. has a 1 year low of $104.60 and a 1 year high of $155.56.

Steel Dynamics (NASDAQ:STLD) last issued its earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.33). Steel Dynamics had a net margin of 8.76% and a return on equity of 17.32%. During the same quarter in the prior year, the firm earned $2.61 earnings per share. As a group, research analysts anticipate that Steel Dynamics, Inc. will post 8.9 EPS for the current year.

Steel Dynamics 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.