Knights of Columbus Asset Advisors LLC Has $5.33 Million Stock Holdings in Steel Dynamics, Inc. (NASDAQ:STLD)

Knights of Columbus Asset Advisors LLC increased its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,129 shares of the basic materials company’s stock after purchasing an additional 582 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Steel Dynamics were worth $5,330,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisor Networks LLC grew its position in shares of Steel Dynamics by 43.5% during the 1st quarter. Cetera Advisor Networks LLC now owns 5,510 shares of the basic materials company’s stock worth $460,000 after buying an additional 1,670 shares during the period. Natixis Advisors L.P. boosted its stake in Steel Dynamics by 23.8% in the first quarter. Natixis Advisors L.P. now owns 21,577 shares of the basic materials company’s stock valued at $1,800,000 after acquiring an additional 4,154 shares during the last quarter. Bank of Montreal Can grew its holdings in Steel Dynamics by 36.5% during the 1st quarter. Bank of Montreal Can now owns 59,369 shares of the basic materials company’s stock worth $4,970,000 after acquiring an additional 15,865 shares during the period. Blair William & Co. IL raised its position in shares of Steel Dynamics by 20.5% during the 1st quarter. Blair William & Co. IL now owns 5,852 shares of the basic materials company’s stock valued at $488,000 after acquiring an additional 996 shares during the last quarter. Finally, Aviva PLC lifted its stake in shares of Steel Dynamics by 4.5% in the 1st quarter. Aviva PLC now owns 64,576 shares of the basic materials company’s stock valued at $5,388,000 after purchasing an additional 2,772 shares during the period. 82.41% of the stock is owned by institutional investors.

Steel Dynamics Price Performance

Shares of NASDAQ STLD opened at $136.90 on Friday. Steel Dynamics, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $151.34. The stock has a market capitalization of $21.62 billion, a price-to-earnings ratio of 9.38 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.91 and a quick ratio of 1.67. The business has a 50-day moving average of $136.21 and a 200-day moving average of $121.37.

Steel Dynamics (NASDAQ:STLD) last issued its earnings results on Tuesday, January 23rd. The basic materials company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.63 by ($0.02). The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.22 billion. Steel Dynamics had a net margin of 13.04% and a return on equity of 29.49%. The company’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter last year, the business posted $4.37 earnings per share. As a group, sell-side analysts predict that Steel Dynamics, Inc. will post 11.79 earnings per share for the current fiscal year.

Steel Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 14th. Shareholders of record on Sunday, March 31st were issued a $0.46 dividend. This is an increase from Steel Dynamics’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Wednesday, March 27th. Steel Dynamics’s payout ratio is currently 12.61%.

Analysts Set New Price Targets

Several research firms have weighed in on STLD. UBS Group reduced their target price on Steel Dynamics from $120.00 to $119.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Citigroup raised their target price on shares of Steel Dynamics from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. BMO Capital Markets upped their price objective on Steel Dynamics from $110.00 to $120.00 and gave the stock a “market perform” rating in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. lifted their target price on Steel Dynamics from $100.00 to $118.00 and gave the company an “underweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Steel Dynamics presently has a consensus rating of “Hold” and an average price target of $120.29.

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.