Steel Dynamics, Inc. $STLD Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. lowered its holdings in Steel Dynamics, Inc. (NASDAQ:STLD) by 88.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,551 shares of the basic materials company’s stock after selling 27,322 shares during the quarter. Meeder Asset Management Inc.’s holdings in Steel Dynamics were worth $639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in STLD. Parallel Advisors LLC raised its holdings in Steel Dynamics by 14.6% during the first quarter. Parallel Advisors LLC now owns 2,106 shares of the basic materials company’s stock worth $379,000 after purchasing an additional 268 shares in the last quarter. SEB Asset Management AB acquired a new position in shares of Steel Dynamics in the 1st quarter valued at $5,452,000. Swiss National Bank boosted its holdings in shares of Steel Dynamics by 6.2% in the 1st quarter. Swiss National Bank now owns 407,100 shares of the basic materials company’s stock valued at $73,278,000 after buying an additional 23,900 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Steel Dynamics in the 1st quarter valued at $75,000. Finally, Kinsale Capital Group Inc. grew its position in shares of Steel Dynamics by 5.2% in the 1st quarter. Kinsale Capital Group Inc. now owns 50,558 shares of the basic materials company’s stock valued at $9,101,000 after buying an additional 2,482 shares during the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on STLD. KeyCorp boosted their price target on shares of Steel Dynamics from $241.00 to $262.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Bank of America dropped their price objective on Steel Dynamics from $280.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Morgan Stanley lifted their target price on Steel Dynamics from $227.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Monday, June 22nd. Barclays assumed coverage on Steel Dynamics in a report on Thursday, May 21st. They issued an “overweight” rating and a $270.00 target price for the company. Finally, Weiss Ratings raised Steel Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Steel Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $239.18.

Steel Dynamics Stock Down 2.1%

STLD stock opened at $230.49 on Tuesday. The company has a fifty day moving average price of $245.84 and a 200 day moving average price of $209.47. Steel Dynamics, Inc. has a 12 month low of $119.89 and a 12 month high of $288.74. The company has a market cap of $33.36 billion, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 0.45 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.13 and a quick ratio of 1.33.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Tuesday, April 21st. The basic materials company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.01). Steel Dynamics had a return on equity of 15.54% and a net margin of 7.22%.The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the prior year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Sell-side analysts expect that Steel Dynamics, Inc. will post 16.92 earnings per share for the current year.

Steel Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.53 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.12 annualized dividend and a dividend yield of 0.9%. Steel Dynamics’s dividend payout ratio is 22.67%.

Key Headlines Impacting Steel Dynamics

Here are the key news stories impacting Steel Dynamics this week:

• Positive Sentiment: Steel Dynamics reported second-quarter earnings of $3.69-$3.80 per share, topping analyst estimates and more than doubling year-ago profit, helped by record steel shipments, improved steel pricing, and strong domestic demand. Article Title
• Positive Sentiment: The company generated $6.1 billion in net sales, $700 million in operating income, $921 million in adjusted EBITDA, and $428 million in operating cash flow, while also buying back $200 million of its own shares. Article Title
• Neutral Sentiment: Management said it expects strong U.S. steel and aluminum consumption to continue through the rest of 2026, which supports the longer-term outlook but did not prevent near-term trading caution. Article Title
• Negative Sentiment: Some investors are focusing on a non-cash impairment tied to shifting an aluminum project, along with ongoing startup losses in aluminum and softer profitability in steel fabrication, which may be fueling caution despite the strong quarter. Article Title

Insider Buying and Selling at Steel Dynamics

In related news, Director Kenneth W. Cornew sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $224.87, for a total value of $1,124,350.00. Following the transaction, the director owned 31,299 shares in the company, valued at $7,038,206.13. The trade was a 13.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP James Stanley Anderson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $268.70, for a total value of $2,687,000.00. Following the sale, the senior vice president directly owned 102,837 shares of the company’s stock, valued at approximately $27,632,301.90. This represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,125 shares of company stock worth $5,438,226 over the last three months. 6.60% of the stock is currently owned by corporate insiders.

Steel Dynamics Profile

Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.

The company’s product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.