Steel Dynamics, Inc. (NASDAQ:STLD) Shares Bought by Entropy Technologies LP

Entropy Technologies LP grew its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,851 shares of the basic materials company’s stock after acquiring an additional 2,456 shares during the quarter. Entropy Technologies LP’s holdings in Steel Dynamics were worth $2,264,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Holocene Advisors LP grew its holdings in shares of 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Steel Dynamics by 6.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,546,104 shares of the basic materials company’s stock worth $194,933,000 after buying an additional 96,122 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 valued at $158,487,000 after acquiring an additional 253,802 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Steel Dynamics by 116.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,018,668 shares of the basic materials company’s stock valued at $128,434,000 after acquiring an additional 548,086 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Steel Dynamics by 21.8% in the 3rd quarter. Barclays PLC now owns 448,942 shares of the basic materials company’s stock worth $56,603,000 after acquiring an additional 80,262 shares during the last quarter. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Insider Activity at Steel Dynamics

In other news, SVP Richard A. Poinsatte sold 2,000 shares of Steel Dynamics stock in a transaction on Friday, November 15th. The shares were sold at an average price of $138.75, for a total value 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. The trade was a 8.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Miguel Alvarez sold 6,650 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $143.00, for a total transaction of $950,950.00. Following the sale, the senior vice president now owns 116,949 shares of the company’s stock, valued at approximately $16,723,707. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. 6.00% of the stock is owned by corporate insiders.

Steel Dynamics Stock Down 1.7 %

Shares of Steel Dynamics stock opened at $126.71 on Monday. The company has a quick ratio of 1.08, a current ratio of 2.53 and a debt-to-equity ratio of 0.32. Steel Dynamics, Inc. has a 52-week low of $104.60 and a 52-week high of $155.56. The company 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 50 day moving average of $124.09 and a 200 day moving average of $126.29.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. BNP Paribas raised Steel Dynamics from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Morgan Stanley boosted their price objective on Steel Dynamics from $131.00 to $145.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Jefferies Financial Group upgraded Steel Dynamics from a “hold” rating to a “buy” rating and raised their target price for the company from $125.00 to $145.00 in a report on Friday, January 24th. StockNews.com lowered shares of Steel Dynamics from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. One equities research 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $145.13.

About Steel Dynamics

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.