Carillon Tower Advisers Inc. Raises Holdings in Steel Dynamics, Inc. (STLD)

Carillon Tower Advisers Inc. grew its position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 617.3% during the 1st quarter, Holdings Channel reports. The firm owned 352,200 shares of the basic materials company’s stock after buying an additional 303,100 shares during the quarter. Carillon Tower Advisers Inc.’s holdings in Steel Dynamics were worth $12,422,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in shares of Steel Dynamics during the first quarter worth about $27,000. Ffcm LLC boosted its stake in shares of Steel Dynamics by 59.3% during the fourth quarter. Ffcm LLC now owns 924 shares of the basic materials company’s stock worth $28,000 after buying an additional 344 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Steel Dynamics by 36.4% during the fourth quarter. Valeo Financial Advisors LLC now owns 1,124 shares of the basic materials company’s stock worth $34,000 after buying an additional 300 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of Steel Dynamics by 183.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,126 shares of the basic materials company’s stock worth $34,000 after buying an additional 729 shares during the period. Finally, JOYN Advisors Inc. boosted its stake in shares of Steel Dynamics by 34.7% during the fourth quarter. JOYN Advisors Inc. now owns 1,164 shares of the basic materials company’s stock worth $35,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 83.75% of the company’s stock.

Shares of NASDAQ:STLD opened at $31.28 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.02 and a quick ratio of 2.15. The stock has a market capitalization of $6.87 billion, a P/E ratio of 5.68, a PEG ratio of 0.68 and a beta of 1.31. Steel Dynamics, Inc. has a 52 week low of $28.91 and a 52 week high of $52.10.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data on Monday, April 22nd. The basic materials company reported $0.91 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.91. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.80 billion. Steel Dynamics had a net margin of 10.26% and a return on equity of 33.56%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. On average, sell-side analysts anticipate that Steel Dynamics, Inc. will post 3.79 earnings per share for the current fiscal year.

STLD has been the subject of several recent research reports. Goldman Sachs Group set a $44.00 target price on shares of Steel Dynamics and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. BidaskClub upgraded shares of Steel Dynamics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. ValuEngine downgraded shares of Steel Dynamics from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st. Macquarie set a $36.00 price objective on shares of Steel Dynamics and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Finally, Citigroup set a $40.00 price objective on shares of Steel Dynamics and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $47.64.

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Steel Dynamics Profile

Steel Dynamics, Inc, together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections.

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

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