Ieq Capital LLC Acquires New Stake in Steel Dynamics, Inc. $STLD

Ieq Capital LLC bought a new position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 8,051 shares of the basic materials company’s stock, valued at approximately $1,847,000.

A number of other hedge funds have also modified their holdings of STLD. BlackRock Inc. acquired a new position in shares of Steel Dynamics during the 2nd quarter worth approximately $2,844,501,000. Life Cycle Investment Partners Ltd acquired a new stake in shares of Steel Dynamics in the fourth quarter valued at approximately $586,702,000. Norges Bank purchased a new position in Steel Dynamics during the fourth quarter worth approximately $564,590,000. Boston Partners boosted its stake in Steel Dynamics by 147.9% during the fourth quarter. Boston Partners now owns 1,793,630 shares of the basic materials company’s stock worth $303,970,000 after buying an additional 1,070,042 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Steel Dynamics in the 2nd quarter valued at $211,159,000. 82.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Steel Dynamics

In related news, SVP James Stanley Anderson sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $268.70, for a total transaction of $2,687,000.00. Following the completion of the transaction, the senior vice president directly owned 102,837 shares in the company, valued at $27,632,301.90. This trade represents a 8.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on STLD shares. UBS Group raised their target price on Steel Dynamics from $165.00 to $276.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. KeyCorp restated an “overweight” rating on shares of Steel Dynamics in a research report on Wednesday, July 22nd. The Goldman Sachs Group initiated coverage on shares of Steel Dynamics in a research note on Wednesday, July 29th. They set a “buy” rating and a $300.00 target price on the stock. Bank of America dropped their price target on shares of Steel Dynamics from $280.00 to $260.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Finally, Barclays lifted their price target on shares of Steel Dynamics from $270.00 to $272.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Steel Dynamics has a consensus rating of “Moderate Buy” and an average target price of $257.27.

Steel Dynamics Stock Performance

Shares of STLD stock opened at $231.08 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 3.18. The firm has a market cap of $33.12 billion, a P/E ratio of 20.95, a P/E/G ratio of 0.43 and a beta of 1.52. The firm’s 50 day moving average price is $243.34 and its 200-day moving average price is $223.01. Steel Dynamics, Inc. has a one year low of $126.88 and a one year high of $288.74.

Steel Dynamics (NASDAQ:STLD) last posted its earnings results on Tuesday, July 21st. The basic materials company reported $3.69 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.06. The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $5.56 billion. Steel Dynamics had a net margin of 7.83% and a return on equity of 18.12%. The firm’s revenue for the quarter was up 33.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.01 EPS. As a group, equities research analysts predict that Steel Dynamics, Inc. will post 17.16 EPS for the current year.

Steel Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, September 30th. Steel Dynamics’s payout ratio is currently 19.22%.

Trending Headlines about Steel Dynamics

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

• Positive Sentiment: Steel stocks rallied after U.S.-Canada trade talks broke down and President Trump threatened tariffs of up to 50% on Canadian steel. Investors viewed the potential trade restrictions as supportive of U.S. producers, including Steel Dynamics, by potentially improving pricing and demand for domestically produced steel. Nucor, Steel Dynamics, Cleveland-Cliffs stocks rise as US-Canada trade talks fail
• Positive Sentiment: Steel Dynamics led a broader move higher among U.S. steelmakers as tariffs returned to focus, reinforcing the market’s expectation that trade protection could benefit domestic producers. Steel Stocks Jump as U.S.-Canada Tariff Fight Escalates
• Positive Sentiment: Recent fundamental coverage characterized STLD as a potentially attractive long-term value stock, which may have supported investor interest alongside the sector rally. Why Steel Dynamics is a Top Value Stock for the Long-Term
• Neutral Sentiment: Wells Fargo lowered its price target from $275 to $255 but maintained an “overweight” rating. The target reduction signals more cautious expectations, while the continued bullish rating indicates the analyst still sees upside potential. Benzinga analyst coverage
• Neutral Sentiment: The reported August short-interest figures show zero shares short and a zero-day days-to-cover ratio, with an undefined percentage change. Because the data appears inconsistent, it provides no meaningful signal about investor positioning.

About Steel Dynamics

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.