Blue Trust Inc. Has $93,000 Stake in Steel Dynamics, Inc. (NASDAQ:STLD)

Blue Trust Inc. decreased its position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 77.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 819 shares of the basic materials company’s stock after selling 2,825 shares during the period. Blue Trust Inc.’s holdings in Steel Dynamics were worth $93,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Steel Dynamics during the 3rd quarter worth $25,000. ORG Wealth Partners LLC acquired a new position in Steel Dynamics during the 4th quarter worth $28,000. Private Trust Co. NA lifted its position in Steel Dynamics by 532.6% during the 3rd quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 245 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Steel Dynamics during the 4th quarter worth $48,000. Finally, Brooklyn Investment Group acquired a new position in Steel Dynamics during the 3rd quarter worth $61,000. Institutional investors and hedge funds own 82.41% of the company’s stock.

Analysts Set New Price Targets

STLD has been the topic of several research reports. BNP Paribas upgraded shares of Steel Dynamics from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. The Goldman Sachs Group initiated coverage on shares of Steel Dynamics in a report on Monday, December 2nd. They set a “neutral” rating and a $155.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Steel Dynamics from $131.00 to $145.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. StockNews.com upgraded shares of Steel Dynamics from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Finally, KeyCorp upgraded shares of Steel Dynamics from a “sector weight” rating to an “overweight” rating and set a $155.00 price objective on the stock in a report on Tuesday, February 11th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Steel Dynamics presently has a consensus rating of “Hold” and an average target price of $146.22.

Insider Transactions at Steel Dynamics

In related news, SVP Glenn Pushis sold 23,649 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $134.67, for a total transaction of $3,184,810.83. Following the sale, the senior vice president now directly owns 122,140 shares in the company, valued at $16,448,593.80. This represents a 16.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.00% of the stock is currently owned by insiders.

Steel Dynamics Trading Down 3.2 %

Shares of STLD opened at $130.71 on Friday. Steel Dynamics, Inc. has a 1 year low of $104.60 and a 1 year high of $155.56. The company has a current ratio of 2.53, a quick ratio of 1.08 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $123.78 and a 200-day simple moving average of $126.83. The stock has a market cap of $19.90 billion, a PE ratio of 13.34, a PEG ratio of 1.05 and a beta of 1.35.

Steel Dynamics (NASDAQ:STLD) last issued its earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm earned $2.61 earnings per share. On average, sell-side analysts predict that Steel Dynamics, Inc. will post 9.01 EPS for the current fiscal year.

Steel Dynamics Company 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.