Robeco Institutional Asset Management B.V. Acquires 1,002,813 Shares of Steel Dynamics, Inc. (NASDAQ:STLD)

Robeco Institutional Asset Management B.V. raised its holdings in Steel Dynamics, Inc. (NASDAQ:STLD) by 531.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,191,669 shares of the basic materials company’s stock after purchasing an additional 1,002,813 shares during the period. Robeco Institutional Asset Management B.V. owned 0.79% of Steel Dynamics worth $149,054,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in Steel Dynamics by 41.8% in the 4th quarter. Jones Financial Companies Lllp now owns 3,794 shares of the basic materials company’s stock worth $433,000 after buying an additional 1,119 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of Steel Dynamics by 24.4% in the first quarter. Ritholtz Wealth Management now owns 6,687 shares of the basic materials company’s stock worth $836,000 after acquiring an additional 1,310 shares during the period. Farther Finance Advisors LLC grew its position in shares of Steel Dynamics by 10.4% in the first quarter. Farther Finance Advisors LLC now owns 1,535 shares of the basic materials company’s stock valued at $190,000 after purchasing an additional 145 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in shares of Steel Dynamics by 63.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 7,354 shares of the basic materials company’s stock valued at $839,000 after purchasing an additional 2,854 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Steel Dynamics during the 4th quarter valued at $16,495,000. Institutional investors own 82.41% of the company’s stock.

Steel Dynamics Stock Up 0.2%

Shares of NASDAQ:STLD opened at $128.48 on Thursday. The firm has a market capitalization of $19.07 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 0.97 and a beta of 1.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.38 and a current ratio of 2.74. Steel Dynamics, Inc. has a 52-week low of $103.17 and a 52-week high of $155.56. The firm has a fifty day moving average of $129.70 and a 200 day moving average of $126.09.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Tuesday, April 22nd. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.04. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.17 billion. Steel Dynamics had a return on equity of 13.26% and a net margin of 6.80%. During the same quarter in the previous year, the company posted $3.67 earnings per share. As a group, research analysts anticipate that Steel Dynamics, Inc. will post 9.01 EPS for the current fiscal year.

Steel Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Monday, June 30th. Steel Dynamics’s payout ratio is currently 26.42%.

Insiders Place Their Bets

In other news, Director Gabriel Shaheen sold 1,254 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $134.11, for a total transaction of $168,173.94. Following the transaction, the director now directly owns 81,812 shares of the company’s stock, valued at approximately $10,971,807.32. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Miguel Alvarez sold 7,495 shares of the business’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $135.26, for a total value of $1,013,773.70. Following the completion of the sale, the senior vice president now directly owns 125,319 shares of the company’s stock, valued at approximately $16,950,647.94. This trade represents a 5.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group upgraded Steel Dynamics from a “neutral” rating to a “buy” rating and set a $149.00 target price for the company in a research note on Monday, March 24th. BMO Capital Markets upgraded shares of Steel Dynamics from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $135.00 to $145.00 in a research report on Monday, March 31st. Wall Street Zen cut shares of Steel Dynamics from a “hold” rating to a “sell” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. increased their target price on shares of Steel Dynamics from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, April 24th. Finally, Wolfe Research raised shares of Steel Dynamics from an “underperform” rating to a “peer perform” rating in a report on Thursday, February 27th. One equities research analyst has 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. According to data from MarketBeat.com, Steel Dynamics currently has an average rating of “Moderate Buy” and an average target price of $148.00.

Steel Dynamics Profile

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.