Koshinski Asset Management Inc. lowered its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 20.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,409 shares of the basic materials company’s stock after selling 1,425 shares during the period. Koshinski Asset Management Inc.’s holdings in Steel Dynamics were worth $233,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new position in shares of Steel Dynamics during the 2nd quarter valued at about $107,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Steel Dynamics in the 3rd quarter valued at about $112,000. Hefty Wealth Partners increased its stake in shares of Steel Dynamics by 76.1% in the 3rd quarter. Hefty Wealth Partners now owns 3,417 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 1,477 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Steel Dynamics by 80.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 3,555 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 1,589 shares in the last quarter. Finally, National Pension Service purchased a new position in shares of Steel Dynamics in the 4th quarter valued at about $150,000. Institutional investors and hedge funds own 83.43% of the company’s stock.
Shares of Steel Dynamics, Inc. (NASDAQ:STLD) opened at $46.42 on Monday. The company has a quick ratio of 1.95, a current ratio of 3.35 and a debt-to-equity ratio of 0.80. Steel Dynamics, Inc. has a twelve month low of $32.15 and a twelve month high of $47.85. The stock has a market capitalization of $11,000.00, a PE ratio of 21.39, a P/E/G ratio of 1.06 and a beta of 1.40.
Several equities analysts recently weighed in on the company. Zacks Investment Research lowered Steel Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. KeyCorp upgraded Steel Dynamics from a “sector weight” rating to an “overweight” rating and set a $44.00 price target for the company in a research note on Friday, October 20th. BidaskClub upgraded Steel Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Bank of America set a $51.00 price target on Steel Dynamics and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, Jefferies Group restated a “buy” rating and issued a $53.00 price target on shares of Steel Dynamics in a research note on Thursday, January 11th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $43.71.
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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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