Steel Dynamics, Inc. $STLD Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. grew its position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 183.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,650 shares of the basic materials company’s stock after purchasing an additional 15,946 shares during the quarter. Cibc World Market Inc.’s holdings in Steel Dynamics were worth $5,656,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Steel Dynamics in the second quarter valued at $2,844,501,000. Life Cycle Investment Partners Ltd acquired a new stake in shares of Steel Dynamics during the fourth quarter worth about $586,702,000. Norges Bank purchased a new position in shares of Steel Dynamics during the fourth quarter worth about $564,590,000. Boston Partners grew its holdings in shares of 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 acquired a new position in Steel Dynamics in the 2nd quarter valued at about $211,159,000. Institutional investors and hedge funds own 82.41% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Weiss Ratings raised Steel Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Barclays boosted their target price on Steel Dynamics from $270.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. upped their price target on Steel Dynamics from $256.00 to $260.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. UBS Group increased their price target on Steel Dynamics from $165.00 to $276.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, KeyCorp reiterated an “overweight” rating on shares of Steel Dynamics in a research report on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $257.27.

Insider Activity at Steel Dynamics

In other Steel Dynamics news, SVP James Stanley Anderson sold 10,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $268.70, for a total transaction of $2,687,000.00. Following the sale, the senior vice president directly owned 102,837 shares in the company, valued at approximately $27,632,301.90. The trade was a 8.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.60% of the company’s stock.

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.

Steel Dynamics Price Performance

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

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

Steel Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.12 dividend on an annualized basis and a yield of 0.9%. Steel Dynamics’s dividend payout ratio (DPR) is 19.22%.

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.