Steel Dynamics, Inc. $STLD Stock Sold by Hosking Partners LLP

Hosking Partners LLP lessened its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 5.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 140,153 shares of the basic materials company’s stock after selling 7,931 shares during the period. Hosking Partners LLP’s holdings in Steel Dynamics were worth $31,059,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in Steel Dynamics during the second quarter worth $2,844,501,000. Bank of America Corp DE bought a new position in shares of Steel Dynamics during the second quarter valued at $264,212,000. Bank of New York Mellon Corp bought a new position in shares of Steel Dynamics during the second quarter valued at $211,159,000. Deutsche Bank AG acquired a new stake in shares of Steel Dynamics in the 2nd quarter valued at $126,579,000. Finally, Bessemer Group Inc. boosted its stake in shares of Steel Dynamics by 56,088.1% in the 1st quarter. Bessemer Group Inc. now owns 542,215 shares of the basic materials company’s stock valued at $97,598,000 after purchasing an additional 541,250 shares in the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on STLD. KeyCorp reaffirmed an “overweight” rating on shares of Steel Dynamics in a report on Wednesday, July 22nd. UBS Group lifted their price target on shares of Steel Dynamics from $165.00 to $276.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Weiss Ratings downgraded shares of Steel Dynamics from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, October 13th. Morgan Stanley reduced their price target on shares of Steel Dynamics from $270.00 to $260.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 22nd. Finally, Barclays upped their price objective on shares of Steel Dynamics from $272.00 to $285.00 and gave the stock an “overweight” rating in a research note on Monday. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $259.82.

Steel Dynamics Price Performance

Steel Dynamics stock opened at $247.97 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.45 and a current ratio of 3.14. The firm has a market cap of $35.54 billion, a P/E ratio of 18.30, a P/E/G ratio of 0.35 and a beta of 1.48. The business’s fifty day moving average is $237.82 and its two-hundred day moving average is $238.02. Steel Dynamics, Inc. has a 52 week low of $148.13 and a 52 week high of $288.74.

Steel Dynamics (NASDAQ:STLD) last announced its earnings results on Monday, October 19th. The basic materials company reported $5.26 EPS for the quarter, missing the consensus estimate of $5.48 by ($0.22). Steel Dynamics had a return on equity of 21.57% and a net margin of 8.82%. The business had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same quarter in the previous year, the company posted $2.74 EPS. Steel Dynamics’s revenue for the quarter was up 34.8% on a year-over-year basis. Equities research analysts forecast that Steel Dynamics, Inc. will post 18.13 earnings per share for the current fiscal year.

Steel Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was 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 is currently 15.65%.

Steel Dynamics News Summary

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

• Positive Sentiment: Steel Dynamics reported record quarterly steel shipments of approximately 3.8 million tons, while mills operated at a strong 92% utilization rate. These figures indicate robust demand and efficient operations. Steel Dynamics: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Third-quarter revenue rose 34.8% year over year to $6.51 billion, supported by higher steel prices and shipments. Reports also highlighted wider margins, a swelling backlog, and strong double-digit earnings growth. Steel Dynamics Q3 2026: Revenue Hits $6.51B, Up 35% Year-Over-Year
• Positive Sentiment: Record aluminum shipments are providing an additional growth catalyst and may ease concerns about the company’s aluminum operations. Steel Dynamics in Focus on Record Aluminum Shipments
• Positive Sentiment: BNP Paribas modestly raised its price target to $276 from $275, signaling continued confidence in the company’s outlook despite near-term earnings pressure. BNP Paribas Adjusts Steel Dynamics Price Target
• Neutral Sentiment: Analysts have maintained a Moderate Buy view, with investors weighing STLD’s relatively stable growth profile against expectations that may already be reflected in the valuation. Steel Dynamics Eyes New Highs Despite Earnings Miss
• Negative Sentiment: Third-quarter adjusted earnings of $5.26 per share missed the $5.48 consensus estimate. The miss initially pressured shares and raised questions about whether elevated expectations had outpaced the company’s near-term profit delivery. STLD Q3 Earnings Miss Estimates Despite Strong Steel Pricing

Steel Dynamics Profile

Steel Dynamics, Inc is a steel producer and metals recycler headquartered in Fort Wayne, Indiana. The company manufactures steel products using electric arc furnace technology and serves customers across industries such as construction, automotive, manufacturing, and energy.

Its operations include the production of flat rolled steel, long steel products, structural steel, rail, and specialty products. Steel Dynamics also provides steel processing and fabrication services, including the manufacture of steel joists, deck systems, and other components used in commercial and industrial construction.

The company operates metals recycling facilities that collect, process, and supply ferrous and nonferrous scrap to support its steelmaking operations.