Robeco Institutional Asset Management B.V. raised its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 27.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,055 shares of the basic materials company’s stock after purchasing an additional 17,857 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Steel Dynamics were worth $2,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advantage Investment Management LLC grew its stake in Steel Dynamics by 39.6% in the first quarter. Advantage Investment Management LLC now owns 3,350 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 950 shares in the last quarter. Washington Trust Bank grew its stake in Steel Dynamics by 48.8% in the second quarter. Washington Trust Bank now owns 3,393 shares of the basic materials company’s stock valued at $122,000 after purchasing an additional 1,113 shares in the last quarter. Advisory Services Network LLC purchased a new position in Steel Dynamics in the first quarter valued at about $150,000. IFP Advisors Inc grew its stake in Steel Dynamics by 163.8% in the first quarter. IFP Advisors Inc now owns 4,366 shares of the basic materials company’s stock valued at $152,000 after purchasing an additional 2,711 shares in the last quarter. Finally, Creative Planning grew its stake in Steel Dynamics by 36.3% in the second quarter. Creative Planning now owns 4,718 shares of the basic materials company’s stock valued at $169,000 after purchasing an additional 1,256 shares in the last quarter. Hedge funds and other institutional investors own 82.70% of the company’s stock.

Steel Dynamics, Inc. (NASDAQ STLD) opened at 34.77 on Monday. The firm has a market cap of $8.34 billion, a PE ratio of 15.97 and a beta of 1.26. The company’s 50 day moving average price is $35.51 and its 200 day moving average price is $35.18. Steel Dynamics, Inc. has a 52-week low of $22.79 and a 52-week high of $40.17.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Wednesday, July 19th. The basic materials company reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Steel Dynamics had a return on equity of 21.75% and a net margin of 6.07%. Steel Dynamics’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company posted $0.58 earnings per share. Analysts predict that Steel Dynamics, Inc. will post $2.82 earnings per share for the current fiscal year.

In other Steel Dynamics news, insider Christopher A. Graham sold 5,021 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $38.05, for a total transaction of $191,049.05. Following the completion of the sale, the insider now directly owns 26,778 shares in the company, valued at $1,018,902.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith E. Busse sold 4,965 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $38.42, for a total transaction of $190,755.30. Following the sale, the director now owns 1,005,666 shares of the company’s stock, valued at $38,637,687.72. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

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A number of research analysts have commented on STLD shares. Barclays PLC restated a “buy” rating and issued a $43.00 target price on shares of Steel Dynamics in a research note on Monday, May 15th. Zacks Investment Research upgraded Steel Dynamics from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Saturday, May 20th. Credit Suisse Group upgraded Steel Dynamics from a “neutral” rating to an “outperform” rating and set a $36.00 target price on the stock in a research note on Wednesday, May 24th. BidaskClub downgraded Steel Dynamics from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Finally, Longbow Research upgraded Steel Dynamics from a “neutral” rating to a “buy” rating in a research note on Monday, June 19th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $40.59.

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.

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

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