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Citigroup Inc. Decreases Stake in Steel Dynamics, Inc. $STLD
Citigroup Inc. has reduced its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 16.9% in the third quarter, selling 28,139 shares but still owning 138,090 shares valued at approximately $19.25 million. Steel Dynamics recently reported strong quarterly earnings, beating EPS estimates and increasing its quarterly dividend to $0.53 per share, representing an annualized yield of 1.1%. Analysts currently rate Steel Dynamics with a “Moderate Buy” and an average target price of $182.00.