Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Steel Dynamics, Inc. (NASDAQ: STLD)
Steel Dynamics operates scrap-based steel minimills with roughly 13 million tons of annual steel production capacity. The company manufactures steel products that primarily serve the construction, automotive, manufacturing, and transportation end markets. It also processes and sells recycled ferrous and nonferrous metals and operates a steel fabrication business that manufactures products for the nonresidential construction industry.
A quick look at the price chart below for the company shows us that the stock is up 58% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 4.44, which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in the company include:
(Shares)
D E Shaw – 1,925,010
Israel Englander – 1,907,985
Ken Griffin – 1,655,372
Cliff Asness – 575,626
Jeremy Hosking – 154,231
Paul Tudor Jones – 83,345
Ken Fisher – 65,295
Ray Dalio – 14,937
Joel Greenblatt – 5,907
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