TFB Advisors LLC Purchases 137 Shares of Steel Dynamics, Inc. (NASDAQ:STLD)

TFB Advisors LLC raised its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 4,069 shares of the basic materials company’s stock after acquiring an additional 137 shares during the period. TFB Advisors LLC’s holdings in Steel Dynamics were worth $464,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of STLD. Wilmington Savings Fund Society FSB purchased a new position in shares of Steel Dynamics during the 3rd quarter worth $25,000. ORG Wealth Partners LLC bought a new position in Steel Dynamics in the 4th quarter worth $28,000. Private Trust Co. NA raised its holdings in Steel Dynamics by 532.6% in the 3rd quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 245 shares during the period. Golden State Wealth Management LLC purchased a new position in Steel Dynamics during the fourth quarter valued at $48,000. Finally, Brooklyn Investment Group bought a new stake in Steel Dynamics during the third quarter valued at about $61,000. 82.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STLD has been the topic of several recent research reports. Citigroup decreased their price objective on Steel Dynamics from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. BMO Capital Markets raised their target price on shares of Steel Dynamics from $130.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. The Goldman Sachs Group began coverage on shares of Steel Dynamics in a report on Monday, December 2nd. They set a “neutral” rating and a $155.00 price target on the stock. JPMorgan Chase & Co. reduced 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. Finally, UBS Group restated a “neutral” rating and set a $149.00 target price (up previously from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $146.22.

Insider Buying and Selling

In related news, SVP Glenn Pushis sold 23,649 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $134.67, for a total value of $3,184,810.83. Following the sale, the senior vice president now owns 122,140 shares in the company, valued at approximately $16,448,593.80. The trade was a 16.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Richard A. Poinsatte sold 2,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $138.75, for a total transaction of $277,500.00. Following the transaction, the senior vice president now owns 21,101 shares of the company’s stock, valued at $2,927,763.75. This trade represents a 8.66 % decrease in their position. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.

Steel Dynamics Price Performance

Shares of NASDAQ:STLD opened at $132.30 on Thursday. The firm has a market cap of $20.14 billion, a price-to-earnings ratio of 13.50 and a beta of 1.35. The firm has a fifty day moving average price of $123.50 and a 200 day moving average price of $126.40. Steel Dynamics, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $155.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.08 and a current ratio of 2.53.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 EPS 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 quarter in the previous year, the firm posted $2.61 earnings per share. As a group, sell-side analysts expect that Steel Dynamics, Inc. will post 8.9 earnings per share for the current fiscal year.

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.