Financial Sense Advisors Inc. decreased its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 27.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,264 shares of the basic materials company’s stock after selling 1,969 shares during the period. Financial Sense Advisors Inc.’s holdings in Steel Dynamics were worth $227,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Toronto Dominion Bank bought a new position in Steel Dynamics in the 2nd quarter valued at approximately $107,000. Cerebellum GP LLC bought a new position in Steel Dynamics in the 4th quarter valued at approximately $132,000. Steward Partners Investment Advisory LLC bought a new position in Steel Dynamics in the 3rd quarter valued at approximately $112,000. National Pension Service bought a new position in Steel Dynamics in the 4th quarter valued at approximately $150,000. Finally, Cubist Systematic Strategies LLC lifted its stake in Steel Dynamics by 80.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 3,555 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 1,589 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.
Steel Dynamics, Inc. (NASDAQ:STLD) opened at $48.86 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.04 and a quick ratio of 2.29. Steel Dynamics, Inc. has a 12-month low of $32.15 and a 12-month high of $50.70. The stock has a market cap of $11,705.42, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 1.03 and a beta of 1.34.
STLD has been the subject of several recent research reports. BidaskClub cut shares of Steel Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 23rd. Jefferies Group restated a “buy” rating and issued a $53.00 price target on shares of Steel Dynamics in a research report on Thursday, January 11th. KeyCorp set a $49.00 price target on shares of Steel Dynamics and gave the company a “buy” rating in a research report on Wednesday, January 10th. Bank of America set a $51.00 price target on shares of Steel Dynamics and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, Longbow Research upgraded shares of Steel Dynamics from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.64.
Steel Dynamics Company 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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