Regal Investment Advisors LLC invests $242,000 in Steel Dynamics, Inc. (NASDAQ:STLD)


Regal Investment Advisors LLC added a new position to shares of Steel Dynamics, Inc. (NASDAQ:STLD – Get Rating) during the first quarter, the company said in its recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,900 shares of the materials company, valued at about $242,000.

Several other major investors also recently bought and sold shares of the stock. Venture Visionary Partners LLC increased its position in Steel Dynamics by 1.1% in the first quarter. Venture Visionary Partners LLC now owns 11,840 shares of the materials company, valued at $987,000, after purchasing an additional 132 shares last quarter. Paragon Capital Management Ltd increased its position in Steel Dynamics by 3.6% in the first quarter. Paragon Capital Management Ltd now owns 3,932 shares of the materials company, valued at $328,000, after purchasing an additional 138 shares last quarter. Eagle Asset Management Inc. added 0.5% to its position in Steel Dynamics in the fourth quarter. Eagle Asset Management Inc. now owns 37,183 shares of the $2,300,000 materials company after buying an additional 175 shares last quarter. Delphi Management Inc. MA increased its position in Steel Dynamics by 1.3% in the fourth quarter. Delphi Management Inc. MA now owns 17,338 shares of the materials company, valued at $1,076,000, after purchasing an additional 220 shares last quarter. Eventually, Harel Insurance Investments & Financial Services Ltd. increased its position in Steel Dynamics by 52.6% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 653 shares of the $40,000 materials company after buying an additional 225 shares last quarter. Hedge funds and other institutional investors own 83.19% of the company’s shares.

Steel Dynamics stock performance

STLD opened at $78.78 on Monday. The company has a debt to equity ratio of 0.41, a current ratio of 3.52 and a quick ratio of 1.87. The company has a 50-day moving average price of $72.26 and a 200-day moving average price of $74.36. Steel Dynamics, Inc. has a 1 year low of $50.54 and a 1 year high of $100.37. The stock has a market cap of $14.39 billion, a P/E of 3.50 and a beta of 1.41.

Steel Dynamics (NASDAQ:STLD – Get Rating) last released its earnings results on Wednesday, July 20th. The materials company reported earnings per share (EPS) of $6.73 for the quarter, beating the consensus estimate of $6.34 by $0.39. Steel Dynamics had a net margin of 19.81% and a return on equity of 71.50%. The company made $6.21 billion in revenue for the quarter, compared to analysts’ expectations of $5.93 billion. In the same period last year, the company posted $3.40 per share. The company’s revenue increased 39.1% compared to the prior-year quarter. Equities analysts expect Steel Dynamics, Inc. to report earnings per share of 21.07 for the current year.

Analysts set new price targets

Several analysts have rated STLD stock. Morgan Stanley lowered its target price on Steel Dynamics shares to $78.00 from $94.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 6. UBS Group posted a price target of $95.00 for Steel Dynamics shares in a research note on Monday, June 20th. JPMorgan Chase & Co. lowered its price target on shares of Steel Dynamics from $129.00 to $110.00 in a research note on Tuesday, June 14. BMO Capital Markets raised its target price on Steel Dynamics shares from $95.00 to $104.00 in a research note on Friday, April 22. Finally, Goldman Sachs Group downgraded shares of Steel Dynamics from a “buy” rating to a “neutral” rating and lowered its target price on the company in a research note on Tuesday, March 31. An equities research analyst has the Rating stocks with a sell rating, two with a hold rating and five with a buy rating. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $89.00.

Insider activity at Steel Dynamics

In related news, Director Keith E. Busse sold 5,040 shares of the company’s shares in a transaction on Friday, June 3. The shares sold at an average price of $83.51 for a total value of $420,890.40. Upon completion of the transaction, the Director now directly owns 724,034 shares of the Company, valued at approximately $60,464,079.34. The transaction was disclosed in a document filed with the SEC, which is available through the SEC’s website. Company insiders own 5.40% of the company’s shares.

Steel Dynamics profile

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Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metals recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations and Steel Manufacturing Operations. The Steel Operations segment offers hot-rolled, cold-rolled and coated steel products; parallel flange beams and channels, flat bars, large unequal leg angles and reinforcing bars, as well as standard strength carbon, medium alloy hardness and premium quality rail products; and engineered specialty bar grade products, merchant bar grade products, and other engineered round steel bars.

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



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