APG Asset Management N.V. raised its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 0.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 286,600 shares of the basic materials company’s stock after acquiring an additional 2,300 shares during the period. APG Asset Management N.V.’s holdings in Steel Dynamics were worth $10,294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IHT Wealth Management LLC grew its position in Steel Dynamics by 0.7% during the 2nd quarter. IHT Wealth Management LLC now owns 407 shares of the basic materials company’s stock worth $198,000 after purchasing an additional 3 shares in the last quarter. Toronto Dominion Bank purchased a new position in Steel Dynamics during the 2nd quarter worth approximately $107,000. Cerebellum GP LLC purchased a new position in Steel Dynamics during the 4th quarter worth approximately $132,000. Steward Partners Investment Advisory LLC purchased a new position in Steel Dynamics during the 3rd quarter worth approximately $112,000. Finally, Hefty Wealth Partners grew its position in Steel Dynamics by 76.1% during the 3rd quarter. Hefty Wealth Partners now owns 3,417 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 1,477 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors.

Steel Dynamics, Inc. (NASDAQ:STLD) opened at $44.15 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.29 and a current ratio of 4.04. Steel Dynamics, Inc. has a fifty-two week low of $32.15 and a fifty-two week high of $48.28. The company has a market cap of $10,140.00, a price-to-earnings ratio of 13.10, a PEG ratio of 0.98 and a beta of 1.34.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Sunday, December 31st were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, December 28th. Steel Dynamics’s dividend payout ratio is currently 18.40%.

Several equities analysts have weighed in on STLD shares. Jefferies Group reiterated a “buy” rating and set a $43.00 price objective on shares of Steel Dynamics in a research report on Friday, October 6th. KeyCorp upgraded shares of Steel Dynamics from a “sector weight” rating to an “overweight” rating and set a $44.00 price objective on the stock in a research report on Friday, October 20th. Citigroup lifted their price objective on shares of Steel Dynamics from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Cowen set a $43.00 price target on shares of Steel Dynamics and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Bank of America boosted their price target on shares of Steel Dynamics from $44.00 to $45.00 and gave the company a “buy” rating in a report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.64.

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About Steel Dynamics

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.

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

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