On December 19, 2023, James Marcuccilli, a director at Steel Dynamics Inc (STLD, Financial), sold 25,454 shares of the company's stock, according to a recent SEC Filing. Steel Dynamics Inc is a steel producer and metal recycler in the United States. The company operates through three segments: steel operations, metals recycling operations, and steel fabrication operations. It offers a range of steel products, including flat-rolled steel sheets and structural beams for the automotive, construction, manufacturing, and energy sectors.
Over the past year, the insider has sold a total of 25,454 shares and has not made any purchases of the company's stock. The recent transaction is part of a trend observed over the last year, where there have been no insider buys and five insider sells for Steel Dynamics Inc.
Shares of Steel Dynamics Inc were trading at $122.43 on the day of the insider's recent sale, giving the company a market capitalization of $19.45 billion. The stock's price-earnings ratio stands at 7.71, which is below the industry median of 12.68 and also below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.22, indicating that Steel Dynamics Inc is considered modestly overvalued based on its GF Value of $100.66. The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
The insider transaction history and the current valuation metrics provide investors with a snapshot of recent activities and the stock's relative value. Investors often monitor insider transactions as they can provide insights into the insider's view of the company's value and future prospects.
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.
