Steel Dynamics, Inc. $STLD Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 4.4% during the 1st quarter, Holdings Channel reports. The firm owned 298,125 shares of the basic materials company’s stock after buying an additional 12,635 shares during the period. California Public Employees Retirement System’s holdings in Steel Dynamics were worth $53,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Life Cycle Investment Partners Ltd acquired a new position in shares of Steel Dynamics in the fourth quarter valued at approximately $586,702,000. Norges Bank purchased a new position in Steel Dynamics in the 4th quarter valued at approximately $564,590,000. Boston Partners boosted its position in Steel Dynamics by 147.9% in the 4th quarter. Boston Partners now owns 1,793,630 shares of the basic materials company’s stock valued at $303,970,000 after buying an additional 1,070,042 shares during the period. Bessemer Group Inc. grew 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 acquiring an additional 541,250 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Steel Dynamics by 92.4% in the fourth quarter. Hsbc Holdings PLC now owns 1,030,448 shares of the basic materials company’s stock worth $174,609,000 after acquiring an additional 494,828 shares in the last quarter. Hedge funds and other institutional investors own 82.41% of the company’s stock.

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

Insiders Place Their Bets

In other news, SVP James Stanley Anderson sold 10,000 shares of the company’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 of the company’s stock, valued at approximately $27,632,301.90. This represents a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Miguel Alvarez sold 4,825 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $225.58, for a total value of $1,088,423.50. Following the completion of the transaction, the senior vice president owned 122,257 shares in the company, valued at approximately $27,578,734.06. The trade was a 3.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,125 shares of company stock valued at $5,438,226 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Steel Dynamics Trading Down 2.1%

Shares of NASDAQ:STLD opened at $230.49 on Tuesday. Steel Dynamics, Inc. has a 52 week low of $119.89 and a 52 week high of $288.74. The company’s 50 day moving average is $245.84 and its two-hundred day moving average is $209.47. The company has a current ratio of 3.13, a quick ratio of 1.33 and a debt-to-equity ratio of 0.46. The company has a market cap of $33.36 billion, a PE ratio of 24.65, a P/E/G ratio of 0.45 and a beta of 1.53.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data 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). The firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.39 billion. Steel Dynamics had a net margin of 7.22% and a return on equity of 15.54%. Steel Dynamics’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 earnings per share. Equities analysts predict that Steel Dynamics, Inc. will post 16.92 earnings per share for the current fiscal year.

Steel Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were paid a $0.53 dividend. The ex-dividend date was Tuesday, June 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 currently 22.67%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on STLD. Citigroup upped their price objective on Steel Dynamics from $180.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Wall Street Zen upgraded Steel Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. BMO Capital Markets boosted their target price on Steel Dynamics from $195.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Morgan Stanley upped their price target on Steel Dynamics from $227.00 to $270.00 and gave the stock an “equal weight” rating in a report on Monday, June 22nd. Finally, Bank of America reduced their price target on Steel Dynamics from $280.00 to $260.00 and set a “neutral” rating on the stock in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $239.18.

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.