Steel Dynamics, Inc. (NASDAQ:STLD) Shares Bought by Janney Montgomery Scott LLC

Paterniano Del Favero
Agosto 3, 2017

The fund owned 43,465 shares of the basic materials company's stock after buying an additional 465 shares during the period. Wright Investors Service Inc.'s holdings in Steel Dynamics were worth $1,557,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. (NASDAQ:STLD). Clearbridge Invs Ltd Liability Co has invested 0% in Steel Dynamics, Inc. BlackRock Inc. now owns 20,091,806 shares of the basic materials company's stock worth $698,391,000 after buying an additional 19,923,788 shares in the last quarter. Sanders Morris Harris Inc. purchased a new position in shares of Steel Dynamics during the first quarter worth approximately $348,000. Liberty Mutual Grp Asset Mgmt invested 0.14% in Steel Dynamics, Inc. About shares traded. Steel Dynamics, Inc. Boston Partners now owns 14,641,570 shares of the basic materials company's stock valued at $508,941,000 after buying an additional 2,997,302 shares during the last quarter. (NASDAQ:STLD). The Utah-based Utah Retirement Systems has invested 0.04% in Steel Dynamics, Inc. Washington Trust Bank now owns 3,393 shares of the basic materials company's stock valued at $122,000 after buying an additional 1,113 shares in the last quarter.

Private Wealth Advisors Inc, which manages about $215.19 million US Long portfolio, upped its stake in Fnb Corp Pa (NYSE:FNB) by 23,375 shares to 64,238 shares, valued at $1.03 million in 2016Q4, according to the filing. Bank of New York Mellon Corp now owns 4,474,765 shares of the basic materials company's stock worth $155,543,000 after buying an additional 745,978 shares in the last quarter. Canada Pension Plan Invest Board has 384,761 shares for 0.05% of their portfolio.

Steel Dynamics, Inc. has a one year low of $22.79 and a one year high of $40.17.

It is now trading at $34.58 just a bit lower than $35.49, the stock's 50 day moving average and a tad under the 200 day moving average of $35.24. The stock declined 1.06% or $0.37 reaching $34.49 per share. Steel Dynamics, Inc. The company has a 50-day moving average price of $35.49 and a 200 day moving average price of $35.24. Steel Dynamics, Inc. The stock has a market cap of $8.48 billion, a P/E ratio of 16.15 and a beta of 1.25. (NASDAQ:STLD) news were published by: Nasdaq.com which released: "Steel Dynamics (STLD) Expands Production Capacity in Indiana" on July 07, 2017, also Prnewswire.com published article titled: "Steel Dynamics Announces Second Quarter 2017 Earnings Conference Call and Webcast", Prnewswire.com published: "Steel Dynamics Reports Second Quarter 2017 Results" on July 19, 2017. Steel Dynamics had a net margin of 6.07% and a return on equity of 21.75%. The company had revenue of $2.39 billion during the quarter, compared to analysts' expectations of $2.37 billion. During the same quarter past year, the firm earned $0.58 earnings per share. The company's quarterly revenue was up 18.1% compared to the same quarter a year ago. Steel Dynamics Inc now has $8.35B valuation.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 30th were issued a $0.155 dividend. The ex-dividend date was Wednesday, June 28th.

Since March 16, 2017, it had 0 buys, and 1 insider sale for $5.00 million activity. Janney Montgomery Scott Limited Liability Company reported 0.04% of its portfolio in Steel Dynamics, Inc.

WARNING: This report was first published by Week Herald and is the sole property of of Week Herald. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and worldwide trademark & copyright law. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/08/02/steel-dynamics-inc-nasdaqstld-shares-bought-by-cornerstone-financial-partners-llc-updated.html. Morgan Stanley reissued a "buy" rating on shares of Steel Dynamics in a research report on Tuesday, July 18th. Cantor Fitzgerald maintained it with "Buy" rating and GBX 48 target in Thursday, December 3 report. BidaskClub raised Steel Dynamics from a "hold" rating to a "buy" rating in a research note on Tuesday, July 25th. Berenberg Bank reissued a "buy" rating and issued a $46.00 price target on shares of Steel Dynamics in a research report on Monday, June 19th. Zacks Investment Research raised Steel Dynamics from a "hold" rating to a "buy" rating and set a $37.00 price target for the company in a report on Friday, April 21st. Steel Dynamics now has a consensus rating of "Buy" and an average target price of $39.79.

In other Steel Dynamics news, insider Christopher A. Graham sold 5,021 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $38.05, for a total value of $191,049.05. Following the completion of the transaction, the insider now directly owns 26,778 shares of the company's stock, valued at $1,018,902.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

In other Steel Dynamics news, Director Keith E. Busse sold 4,965 shares of Steel Dynamics stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $38.42, for a total transaction of $190,755.30. The disclosure for this sale can be found here. The stock increased 1.15% or $0.05 on August 1, reaching $4.4.

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