Steel Dynamics, Inc. $STLD Shares Bought by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. boosted its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 37.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,000 shares of the basic materials company’s stock after buying an additional 3,000 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Steel Dynamics were worth $1,980,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in STLD. Militia Capital Management LLC purchased a new position in shares of Steel Dynamics during the 1st quarter worth approximately $2,074,000. First Citizens Bank & Trust Co. purchased a new stake in Steel Dynamics in the first quarter valued at approximately $2,662,000. First Trust Advisors LP raised its position in Steel Dynamics by 18.0% in the first quarter. First Trust Advisors LP now owns 185,155 shares of the basic materials company’s stock valued at $33,328,000 after purchasing an additional 28,296 shares during the period. Bellwether Advisors LLC acquired a new position in Steel Dynamics during the first quarter worth $3,044,000. Finally, ABN Amro Investment Solutions lifted its stake in Steel Dynamics by 1.2% during the first quarter. ABN Amro Investment Solutions now owns 20,026 shares of the basic materials company’s stock worth $3,605,000 after purchasing an additional 247 shares in the last quarter. 82.41% of the stock is currently owned by institutional investors and hedge funds.

Steel Dynamics Stock Performance

NASDAQ:STLD opened at $238.64 on Thursday. Steel Dynamics, Inc. has a 52 week low of $119.89 and a 52 week high of $288.74. The company has a fifty day simple moving average of $245.89 and a two-hundred day simple moving average of $210.41. The company has a quick ratio of 1.33, a current ratio of 3.18 and a debt-to-equity ratio of 0.45. The company has a market cap of $34.54 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 0.53 and a beta of 1.53.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data on Monday, July 20th. The basic materials company reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.06. The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $5.56 billion. Steel Dynamics had a return on equity of 18.12% and a net margin of 7.83%.The company’s revenue for the quarter was up 33.4% compared to the same quarter last year. During the same period last year, the firm earned $2.01 earnings per share. As a group, equities analysts anticipate that Steel Dynamics, Inc. will post 14.28 earnings per share for the current fiscal year.

Steel Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.53 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.12 annualized dividend and a yield of 0.9%. Steel Dynamics’s dividend payout ratio is 19.22%.

Insider Transactions at Steel Dynamics

In other Steel Dynamics news, SVP Richard A. Poinsatte sold 2,300 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $234.11, for a total value of $538,453.00. Following the sale, the senior vice president owned 28,618 shares of the company’s stock, valued at $6,699,759.98. This trade represents a 7.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP James Stanley Anderson sold 10,000 shares of Steel Dynamics stock in a transaction dated 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 completion of the transaction, the senior vice president owned 102,837 shares of the company’s stock, valued at $27,632,301.90. The trade was a 8.86% decrease in their position. The SEC filing for this sale provides additional information. 6.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on STLD. JPMorgan Chase & Co. lifted their price objective on Steel Dynamics from $256.00 to $260.00 and gave the company a “neutral” rating in a research note on Wednesday. Bank of America decreased their target price on Steel Dynamics from $280.00 to $260.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Citigroup raised their target price on Steel Dynamics from $180.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings raised Steel Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Finally, Wells Fargo & Company cut their price target on shares of Steel Dynamics from $291.00 to $275.00 and set an “overweight” rating on the stock in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $237.36.

Trending Headlines about Steel Dynamics

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

• Positive Sentiment: Steel Dynamics reported Q2 results that beat expectations, with EPS topping estimates and revenue rising sharply year over year on record steel shipments, reinforcing momentum in its core steel business. Steel Dynamics’ Q2 Earnings Top Estimates, Revenues Increase Y/Y
• Positive Sentiment: Management highlighted record steel shipments and strong operating performance in the Q2 earnings call, which supports the view that demand and execution remain solid heading into the second half of 2026. Steel Dynamics Inc (STLD) Q2 2026 Earnings Call Highlights: Record Steel Shipments and Strong …
• Neutral Sentiment: JPMorgan raised its price target on Steel Dynamics to $260 from $256 but kept a neutral rating, suggesting upside is still seen, but not enough to turn outright bullish. Benzinga report on JPMorgan price target increase
• Neutral Sentiment: Bank of America also maintained a Hold/neutral view, noting the earnings beat was solid but valuation looks stretched after the rally. Steel Dynamics: Solid Near-Term Beat but Stretched Valuation Keeps Neutral Rating and $260 Price Target Unchanged
• Neutral Sentiment: New articles comparing STLD with Ternium and discussing its aluminum story keep investor attention on valuation and business mix, but do not appear to add a major new catalyst by themselves. TX or STLD: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Some commentary says the stock’s valuation is now a concern after the post-earnings move, which may limit further near-term gains even after the strong results. Steel Dynamics (STLD) Earnings Put Its Aluminum Story And Valuation Back In Focus

Steel Dynamics Company 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.