On May 15, 2024, Christopher Graham, Senior Vice President of Steel Dynamics Inc (STLD, Financial), executed a sale of 21,000 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing.
Steel Dynamics Inc, a prominent steel producer and metals recycler in the United States, offers a broad range of steel manufacturing and processing capabilities. The company's operations span from ferrous and non-ferrous scrap management to complex steel fabrication activities.
Following this transaction, the insider's total sales over the past year amount to 69,000 shares, with no recorded purchases in the same timeframe. This recent sale aligns with a broader trend within Steel Dynamics Inc, where there have been 7 insider sales and no insider buys over the past year.
On the date of the sale, shares of Steel Dynamics Inc were priced at $136.81, positioning the company with a market cap of $21.47 billion. The price-earnings ratio stood at 9.38, which is below both the industry median of 14.125 and the company's historical median.
The stock's valuation, according to the GF Value, is set at $102.76, indicating that with a trading price of $136.81, Steel Dynamics Inc is significantly overvalued. The GF Value is derived from historical trading multiples, an adjustment factor based on past performance, and future business performance estimates.
This insider sale might interest investors tracking ownership changes and evaluating market positions based on insider behaviors and stock valuation metrics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
