Frontier Capital Management Co. LLC Sells 5,146 Shares of Steel Dynamics, Inc. (STLD)

Frontier Capital Management Co. LLC lowered its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 218,033 shares of the basic materials company’s stock after selling 5,146 shares during the quarter. Frontier Capital Management Co. LLC owned 0.09% of Steel Dynamics worth $9,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in STLD. Alliancebernstein L.P. increased its stake in shares of Steel Dynamics by 11.3% in the second quarter. Alliancebernstein L.P. now owns 273,016 shares of the basic materials company’s stock valued at $9,777,000 after buying an additional 27,644 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Steel Dynamics by 194.0% in the second quarter. UBS Asset Management Americas Inc. now owns 667,177 shares of the basic materials company’s stock valued at $23,892,000 after buying an additional 440,231 shares during the period. Northern Trust Corp increased its stake in shares of Steel Dynamics by 13.0% in the second quarter. Northern Trust Corp now owns 2,344,629 shares of the basic materials company’s stock valued at $83,961,000 after buying an additional 268,931 shares during the period. Vanguard Group Inc. increased its stake in shares of Steel Dynamics by 2.6% in the second quarter. Vanguard Group Inc. now owns 24,405,049 shares of the basic materials company’s stock valued at $873,945,000 after buying an additional 611,096 shares during the period. Finally, ETRADE Capital Management LLC acquired a new position in shares of Steel Dynamics in the second quarter valued at approximately $211,000. 83.36% of the stock is owned by institutional investors.

Several analysts recently commented on STLD shares. Zacks Investment Research cut Steel Dynamics from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Morgan Stanley set a $36.00 target price on Steel Dynamics and gave the company a “hold” rating in a report on Tuesday, October 24th. KeyCorp upgraded Steel Dynamics from a “sector weight” rating to an “overweight” rating and set a $44.00 target price on the stock in a report on Friday, October 20th. BidaskClub upgraded Steel Dynamics from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Citigroup upped their target price on Steel Dynamics from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $43.71.

Steel Dynamics, Inc. (STLD) opened at $46.57 on Tuesday. The stock has a market capitalization of $11,030.00, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 1.06 and a beta of 1.40. Steel Dynamics, Inc. has a twelve month low of $32.15 and a twelve month high of $47.85. The company has a current ratio of 3.35, a quick ratio of 1.95 and a debt-to-equity ratio of 0.80.

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

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Steel Dynamics 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.

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

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