Steel Dynamics, Inc. $STLD Stake Boosted by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its holdings in Steel Dynamics, Inc. (NASDAQ:STLD) by 14.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,029 shares of the basic materials company’s stock after buying an additional 3,277 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Steel Dynamics were worth $5,768,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Steel Dynamics during the second quarter valued at about $2,844,501,000. Bank of America Corp DE purchased a new stake in Steel Dynamics in the second quarter worth about $264,212,000. Bank of New York Mellon Corp purchased a new stake in Steel Dynamics in the second quarter worth about $211,159,000. Deutsche Bank AG bought a new position in shares of Steel Dynamics in the second quarter worth about $126,579,000. Finally, Bessemer Group Inc. raised its stake in shares of Steel Dynamics by 56,088.1% in the first quarter. Bessemer Group Inc. now owns 542,215 shares of the basic materials company’s stock worth $97,598,000 after buying an additional 541,250 shares during the period. 82.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Steel Dynamics

In related news, EVP Barry Schneider sold 50,000 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $248.91, for a total transaction of $12,445,500.00. Following the sale, the executive vice president owned 196,399 shares in the company, valued at approximately $48,885,675.09. This represents a 20.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. KeyCorp lifted their price objective on Steel Dynamics from $262.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Barclays set a $280.00 target price on shares of Steel Dynamics in a report on Friday, October 23rd. Morgan Stanley reduced their target price on shares of Steel Dynamics from $270.00 to $260.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. The Goldman Sachs Group restated a “buy” rating and set a $299.00 target price (down from $301.00) on shares of Steel Dynamics in a research note on Tuesday, October 20th. Finally, Weiss Ratings raised shares of Steel Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Steel Dynamics currently has an average rating of “Moderate Buy” and an average target price of $275.17.

Steel Dynamics Trading Up 3.8%

Shares of STLD opened at $236.12 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.14 and a quick ratio of 1.48. Steel Dynamics, Inc. has a 1 year low of $151.21 and a 1 year high of $288.74. The company has a 50 day simple moving average of $238.30 and a two-hundred day simple moving average of $225.42. The firm has a market cap of $33.58 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 0.32 and a beta of 1.45.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings results on Tuesday, October 20th. The basic materials company reported $5.26 earnings per share for the quarter, missing the consensus estimate of $5.48 by ($0.22). Steel Dynamics had a net margin of 8.82% and a return on equity of 21.57%. The firm had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $6.43 billion. During the same quarter in the prior year, the business earned $2.74 EPS. The business’s quarterly revenue was up 34.8% compared to the same quarter last year. On average, equities analysts expect that Steel Dynamics, Inc. will post 18.12 earnings per share for the current fiscal year.

Steel Dynamics declared that its board has authorized a share buyback plan on Monday, November 9th that permits the company to buy back $3 billion in outstanding shares. This buyback authorization permits the basic materials company to repurchase up to 8.8% of its shares through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Steel Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $2.12 annualized dividend and a dividend yield of 0.9%. Steel Dynamics’s payout ratio is currently 15.65%.

Steel Dynamics News Summary

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

• Positive Sentiment: The board authorized an additional $3 billion share buyback, allowing repurchases of up to 8.8% of outstanding shares. The program may support per-share metrics and suggests management sees value in the stock, although repurchases are not guaranteed to occur immediately. Steel Dynamics Announces Additional $3.0 Billion Share Repurchase Authorization and Fourth Quarter 2026 Cash Dividend
• Positive Sentiment: Steel Dynamics declared a quarterly cash dividend of $0.53 per share, payable January 8 to shareholders of record December 31. The annualized payout is $2.12 per share, a yield of about 0.9% at the price cited in the background information. Steel Dynamics Announces Additional $3.0 Billion Share Repurchase Authorization and Fourth Quarter 2026 Cash Dividend
• Neutral Sentiment: A short-interest update describes a significant increase but reports total short interest of zero shares, an apparent contradiction; it therefore provides no clear, reliable signal about investor positioning.

About Steel Dynamics

Steel Dynamics, Inc. is a U.S.-based steel producer and metals recycler founded in 1993. The company operates electric-arc-furnace steel mills and produces flat-rolled, structural, engineered bar, merchant bar and rail products for customers across a range of industries. Its businesses also include metals recycling, steel fabrication and aluminum operations. Through these activities, Steel Dynamics collects and processes scrap metal, manufactures steel components and supplies products used in construction, automotive manufacturing, energy and other markets.