Moody Aldrich Partners LLC Makes New $792,000 Investment in Steel Dynamics, Inc. (NASDAQ:STLD)

Moody Aldrich Partners LLC purchased a new stake in Steel Dynamics, Inc. (NASDAQ:STLD) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 30,367 shares of the basic materials company’s stock, valued at approximately $792,000.

Other large investors have also modified their holdings of the company. Verus Capital Partners LLC acquired a new stake in shares of Steel Dynamics in the fourth quarter valued at about $36,000. First Quadrant L P CA acquired a new stake in shares of Steel Dynamics in the first quarter valued at about $94,000. Synovus Financial Corp grew its position in shares of Steel Dynamics by 4,795.9% in the first quarter. Synovus Financial Corp now owns 4,749 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 4,652 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Steel Dynamics by 39.2% in the first quarter. Fifth Third Bancorp now owns 5,289 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new stake in shares of Steel Dynamics in the second quarter valued at about $132,000. 80.47% of the stock is currently owned by institutional investors.

STLD traded down $0.16 during midday trading on Friday, reaching $27.41. 1,366,328 shares of the company’s stock were exchanged, compared to its average volume of 1,654,546. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 1.06 and a beta of 1.44. The company has a quick ratio of 2.20, a current ratio of 3.60 and a debt-to-equity ratio of 0.66. Steel Dynamics, Inc. has a one year low of $14.98 and a one year high of $35.78. The business has a 50-day simple moving average of $26.61 and a two-hundred day simple moving average of $26.01.

Steel Dynamics (NASDAQ:STLD) last posted its earnings results on Monday, July 20th. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. Steel Dynamics had a net margin of 5.60% and a return on equity of 14.53%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. Steel Dynamics’s quarterly revenue was down 24.4% compared to the same quarter last year. As a group, research analysts anticipate that Steel Dynamics, Inc. will post 2.15 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Monday, June 29th. Steel Dynamics’s dividend payout ratio (DPR) is currently 32.26%.

STLD has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Steel Dynamics from $35.00 to $28.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Cfra upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, July 22nd. UBS Group reduced their target price on shares of Steel Dynamics from $43.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. BMO Capital Markets increased their target price on shares of Steel Dynamics from $24.00 to $29.00 and gave the company a “market perform” rating in a research note on Friday, June 19th. Finally, BidaskClub upgraded shares of Steel Dynamics from a “strong sell” rating to a “sell” rating in a research note on Friday, May 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $31.18.

About Steel Dynamics

Steel Dynamics, Inc, together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections.

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

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