29,508 Shares in Steel Dynamics, Inc. (STLD) Purchased by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. purchased a new stake in Steel Dynamics, Inc. (NASDAQ:STLD) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 29,508 shares of the basic materials company’s stock, valued at approximately $1,273,000.

Several other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC lifted its stake in shares of Steel Dynamics by 2.3% in the 2nd quarter. Advisory Services Network LLC now owns 4,414 shares of the basic materials company’s stock valued at $158,000 after purchasing an additional 101 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of Steel Dynamics by 2.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 49,185 shares of the basic materials company’s stock valued at $2,121,000 after purchasing an additional 1,306 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Steel Dynamics by 43.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,664 shares of the basic materials company’s stock valued at $201,000 after purchasing an additional 1,408 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Steel Dynamics by 9.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,133 shares of the basic materials company’s stock valued at $556,000 after purchasing an additional 1,416 shares during the last quarter. Finally, Covenant Asset Management LLC lifted its stake in shares of Steel Dynamics by 3.4% in the 4th quarter. Covenant Asset Management LLC now owns 44,011 shares of the basic materials company’s stock valued at $1,898,000 after purchasing an additional 1,460 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of Steel Dynamics, Inc. (STLD) opened at $48.00 on Friday. The company has a current ratio of 4.04, a quick ratio of 2.29 and a debt-to-equity ratio of 0.74. Steel Dynamics, Inc. has a 1-year low of $32.15 and a 1-year high of $50.70. The firm has a market capitalization of $11,370.00, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.34.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Saturday, March 31st will be issued a dividend of $0.1875 per share. This is an increase from Steel Dynamics’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, March 28th. This represents a $0.75 annualized dividend and a yield of 1.56%. Steel Dynamics’s dividend payout ratio is 15.01%.

Several equities research analysts recently issued reports on the company. BidaskClub upgraded Steel Dynamics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Zacks Investment Research upgraded Steel Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine upgraded Steel Dynamics from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cowen set a $60.00 price objective on Steel Dynamics and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Jefferies Group reiterated a “buy” rating on shares of Steel Dynamics in a report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $46.64.

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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.

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

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