Louisiana State Employees Retirement System Has $2.59 Million Stake in Steel Dynamics, Inc. (STLD)

Louisiana State Employees Retirement System lowered its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,000 shares of the basic materials company’s stock after selling 4,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Steel Dynamics were worth $2,588,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. IHT Wealth Management LLC increased its holdings in shares of Steel Dynamics by 0.7% during the 2nd quarter. IHT Wealth Management LLC now owns 407 shares of the basic materials company’s stock worth $198,000 after acquiring an additional 3 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Steel Dynamics by 2.3% during the 2nd quarter. Advisory Services Network LLC now owns 4,414 shares of the basic materials company’s stock worth $158,000 after acquiring an additional 101 shares during the last quarter. First Allied Advisory Services Inc. increased its holdings in shares of Steel Dynamics by 2.8% during the 2nd quarter. First Allied Advisory Services Inc. now owns 8,296 shares of the basic materials company’s stock worth $297,000 after acquiring an additional 223 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Steel Dynamics by 2.7% during the 2nd quarter. M&T Bank Corp now owns 19,829 shares of the basic materials company’s stock worth $709,000 after acquiring an additional 515 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Steel Dynamics by 1.7% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 53,420 shares of the basic materials company’s stock worth $1,913,000 after acquiring an additional 900 shares during the last quarter. Institutional investors own 83.43% of the company’s stock.

Steel Dynamics, Inc. (NASDAQ STLD) opened at $46.48 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 3.35 and a debt-to-equity ratio of 0.80. Steel Dynamics, Inc. has a 1-year low of $32.15 and a 1-year high of $47.85. The company has a market capitalization of $11,010.00, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.12 and a beta of 1.40.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings data on Wednesday, October 18th. The basic materials company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. Steel Dynamics had a return on equity of 21.45% and a net margin of 5.79%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. equities research analysts predict that Steel Dynamics, Inc. will post 2.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Sunday, December 31st were issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Thursday, December 28th. Steel Dynamics’s dividend payout ratio is 28.57%.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Steel Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine lowered Steel Dynamics from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. BidaskClub raised Steel Dynamics from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Jefferies Group reissued a “buy” rating and set a $53.00 target price on shares of Steel Dynamics in a report on Thursday, January 11th. Finally, Cowen set a $43.00 target price on Steel Dynamics and gave the stock a “buy” rating in a report on Monday, December 18th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $43.71.

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Steel Dynamics Company Profile

Steel Dynamics, Inc is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.

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

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