Steel Dynamics Inc Stock as Big Money Enter, Sentiment at 0.97

May 3, 2018 - By Matthew Medley

Steel Dynamics, Inc. (NASDAQ:STLD) Corporate Logo

“Big money” Positions

“Big money sentiment for Steel Dynamics Inc (NASDAQ:STLD) in Q4 2017 increased to 0.97, according to Securities and Exchange Commission filings. That’s up 0.14, from 2017Q3’s 0.83. 184 funds increased or opened new equity positions, while 190 sold and trimmed stock positions in Steel Dynamics Inc so the sentiment is more positive. These funds own 188.84 million shares, that’s down from 190.76 million shares in 2017Q3. Funds holding Steel Dynamics Inc in top 10 increased from 1 to 6 for an increase of 5. 32 Investors Sold All; 158 Reduced Holdings; 113 increased holdings while 71 funds bought holdings.

Most Steel Dynamics Inc Shareholders

As of Q4 2017 Sg Capital Management Llc has 7.39% invested in Steel Dynamics Inc. As of Q4 2017, 4.57 million shares of Steel Dynamics Inc are owned by Steadfast Capital Management Lp. Furthermore, Bw Gestao De Investimentos Ltda. reported 450,000 shares in Steel Dynamics Inc equivalent to 2.79% of its stocks portfolio. Peregrine Asset Advisers Inc. revealed 98,399 shares position in Steel Dynamics Inc. The New York-based fund Lodge Hill Capital Llc looks positive on Steel Dynamics Inc, having 450,000 shares.

Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally.The firm is worth $10.56 billion. The firm operates through Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other divisions.13.3 is the P/E ratio. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market; various rail products for the railroad industry; rounds, round-cornered squares, and round engineered bars; threaded rod products, and cold drawn and heat treated bars; angles, merchant rounds, flats and channels, and reinforcing bar; and beams, channels, and specialty steel sections.

STLD hit $44.7 during the last trading session after $0.58 change.Currently Steel Dynamics, Inc. is uptrending after 27.57% change in last May 3, 2017. STLD has 1.62M shares volume. The stock outperformed the S&P 500 by 16.02%.

Da Davidson And Company accumulated 34,732 shs. Oakbrook Invs Llc holds 0.04% of its capital in Steel Dynamics, Inc. (NASDAQ:STLD) for 15,460 shs. Capital Ww invested 0.01% in Steel Dynamics, Inc. (NASDAQ:STLD). Tide Point Mngmt Limited Partnership accumulated 425,241 shs. Fincl Service holds 62 shs. Janney Montgomery Scott Ltd Limited Liability Company reported 187,334 shs. Prudential Plc holds 0.1% of its capital in Steel Dynamics, Inc. (NASDAQ:STLD) for 766,870 shs. Management Assoc Ny holds 0.83% of its capital in Steel Dynamics, Inc. (NASDAQ:STLD) for 13,500 shs. Gotham Asset Management Ltd Llc has invested 0.03% in Steel Dynamics, Inc. (NASDAQ:STLD). Stone Ridge Asset Mngmt Ltd Limited Liability Company owns 0.06% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 20,003 shs. Credit Agricole S A reported 4,487 shs. Lingohr And Partner Asset Mngmt Gmbh holds 35,729 shs. Teacher Retirement Sys Of Texas, a Texas-based fund reported 539,197 shs. Principal Group accumulated 0.06% or 1.54 million shs. Kistler owns 1,300 shs.

Steel Dynamics, Inc. (NASDAQ:STLD) Ratings Coverage

In total 12 analysts cover Steel Dynamics (NASDAQ:STLD). “Buy” rating has 10, “Sell” are 0, while 2 are “Hold”. (NASDAQ:STLD) has 83% bullish analysts. 17 are the (NASDAQ:STLD)’s ratings reports on 3 May 2018 according to StockzIntelligence Inc. On Tuesday, April 24 the stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Buy” rating given by Citigroup. On Thursday, April 19 the stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Buy” rating by Cowen & Co. On Tuesday, January 23 the stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Buy” rating given by BMO Capital Markets. On Tuesday, January 23 the company was maintained by Jefferies. On Monday, February 5 the firm has “Buy” rating by Cowen & Co given. On Tuesday, January 9 the rating was maintained by Jefferies with “Buy”. On Thursday, March 29 the company was maintained by Deutsche Bank. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, April 17. On Monday, December 18 the firm has “Buy” rating given by Cowen & Co. On Wednesday, January 24 the rating was maintained by Cowen & Co with “Buy”.

Steel Dynamics, Inc. (NASDAQ:STLD) Institutional Investors Chart

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