Jones Financial Companies Lllp Grows Stake in Steel Dynamics, Inc. $STLD

Jones Financial Companies Lllp boosted its holdings in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 28.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,380 shares of the basic materials company’s stock after purchasing an additional 4,329 shares during the quarter. Jones Financial Companies Lllp’s holdings in Steel Dynamics were worth $4,756,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Trajan Wealth LLC purchased a new stake in Steel Dynamics during the 2nd quarter valued at approximately $211,000. Allstate Corp lifted its stake in Steel Dynamics by 1.6% in the 2nd quarter. Allstate Corp now owns 14,531 shares of the basic materials company’s stock worth $3,334,000 after purchasing an additional 225 shares in the last quarter. Cibc World Market Inc. boosted its holdings in shares of Steel Dynamics by 183.2% during the 2nd quarter. Cibc World Market Inc. now owns 24,650 shares of the basic materials company’s stock valued at $5,656,000 after purchasing an additional 15,946 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in shares of Steel Dynamics by 9.8% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 9,325 shares of the basic materials company’s stock valued at $2,140,000 after purchasing an additional 834 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of Steel Dynamics by 12.7% during the second quarter. Sanctuary Advisors LLC now owns 35,750 shares of the basic materials company’s stock valued at $8,203,000 after purchasing an additional 4,022 shares in the last quarter. 82.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Steel Dynamics

In related news, SVP James Stanley Anderson sold 10,000 shares of Steel Dynamics stock in a transaction that occurred 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 transaction, the senior vice president directly owned 102,837 shares of the company’s stock, valued at $27,632,301.90. This trade represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 6.60% of the stock is currently owned by insiders.

Key Steel Dynamics News

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

• Positive Sentiment: Steel stocks rallied after U.S.-Canada trade talks reportedly broke down and President Trump threatened tariffs of up to 50% on Canadian steel. Investors expect reduced import competition and potential support for U.S. steel prices and domestic producers such as Steel Dynamics. Steel Stocks Jump as U.S.-Canada Tariff Fight Escalates
• Positive Sentiment: Market coverage identified Steel Dynamics as one of the leading U.S. steel stocks during the tariff-related rally, alongside Nucor and Cleveland-Cliffs. The immediate catalyst is the possibility that trade protection could improve domestic producers’ pricing power. Nucor, Steel Dynamics, Cleveland-Cliffs Stocks Rise as U.S.-Canada Trade Talks Fail
• Positive Sentiment: A Zacks analysis continues to describe STLD as an attractive long-term value stock, supporting the view that its earnings growth, financial profile and valuation may appeal to value-oriented investors. Why Steel Dynamics Is a Top Value Stock for the Long Term
• Neutral Sentiment: Wells Fargo lowered its STLD price target from $275 to $255 but retained an “overweight” rating. The reduced target signals more cautious expectations, while the rating indicates the analyst still sees upside from recent trading levels. Wells Fargo Price Target Update
• Negative Sentiment: The tariff-driven rally carries policy and valuation risks: trade measures could trigger retaliation, raise input costs or prove temporary. STLD also remains below its 50-day moving average, suggesting recent momentum has been weaker despite trading above its 200-day average. STLD Stock Leads U.S. Steel Stocks Higher Amid Escalating Trade War With Canada

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Morgan Stanley reduced their target price on Steel Dynamics from $270.00 to $260.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. Barclays raised their target price on shares of Steel Dynamics from $270.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group assumed coverage on shares of Steel Dynamics in a research note on Wednesday, July 29th. They set a “buy” rating and a $300.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on Steel Dynamics from $256.00 to $260.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Steel Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $257.27.

Steel Dynamics Trading Up 0.3%

Shares of NASDAQ STLD opened at $229.27 on Tuesday. The firm has a market cap of $32.86 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 0.43 and a beta of 1.52. The company has a quick ratio of 1.45, a current ratio of 3.18 and a debt-to-equity ratio of 0.45. Steel Dynamics, Inc. has a twelve month low of $126.88 and a twelve month high of $288.74. The business has a fifty day simple moving average of $244.20 and a two-hundred day simple moving average of $222.78.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings data 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 return on equity of 18.12% and a net margin of 7.83%.The firm’s quarterly revenue was up 33.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.01 earnings per share. Analysts expect that Steel Dynamics, Inc. will post 17.16 earnings per share for the current fiscal year.

Steel Dynamics Dividend Announcement

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

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.