Senior Vice President Richard Poinsatte of Steel Dynamics Inc (STLD, Financial) sold 1,800 shares of the company on September 19, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 24,373 shares of the company.
Steel Dynamics Inc, a prominent steel producer and metals recycler in the United States, operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The company is known for its electric arc furnace mini-mills and advanced steel finishing facilities.
Over the past year, the insider transaction history for Steel Dynamics Inc shows a trend of more sales than purchases among insiders, with a total of 7 insider sales and no insider buys. Specifically, Richard Poinsatte has sold a total of 1,800 shares and has not made any purchases during this period.
On the day of the sale, shares of Steel Dynamics Inc were trading at $118.33. This pricing gives the company a market cap of approximately $18.49 billion. The price-earnings ratio of the company stands at 9.61, which is lower than both the industry median of 14.18 and the company's historical median.
According to the GF Value, an intrinsic value estimate used by GuruFocus, Steel Dynamics Inc is currently modestly overvalued with a price-to-GF-Value ratio of 1.16. The GF Value of $101.70 is calculated based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates from analysts.
This insider sale might interest investors as they evaluate the current valuation levels of Steel Dynamics Inc, considering both the price-to-free cash flow and other financial metrics in their investment decisions.
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.
