3,277 Steel Dynamics, Inc. $STLD Shares Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC boosted its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 14.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 26,029 shares of the basic materials company’s stock after purchasing an additional 3,277 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Steel Dynamics were worth $5,768,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Steel Dynamics by 22.6% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 1,084 shares of the basic materials company’s stock worth $240,000 after buying an additional 200 shares during the period. Kinsale Capital Group Inc. grew its position in shares of Steel Dynamics by 19.9% during the 3rd quarter. Kinsale Capital Group Inc. now owns 67,445 shares of the basic materials company’s stock worth $14,946,000 after buying an additional 11,187 shares in the last quarter. M&G PLC increased its stake in shares of Steel Dynamics by 1.8% during the third quarter. M&G PLC now owns 22,564 shares of the basic materials company’s stock valued at $5,009,000 after buying an additional 390 shares during the period. AlphaCore Capital LLC increased its stake in shares of Steel Dynamics by 257.1% during the third quarter. AlphaCore Capital LLC now owns 4,967 shares of the basic materials company’s stock valued at $1,102,000 after buying an additional 3,576 shares during the period. Finally, Fulcrum Asset Management LLP increased its stake in shares of Steel Dynamics by 7,200.0% during the third quarter. Fulcrum Asset Management LLP now owns 730 shares of the basic materials company’s stock valued at $162,000 after buying an additional 720 shares during the period. 82.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Steel Dynamics

In other Steel Dynamics news, EVP Barry Schneider sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $248.91, for a total value of $12,445,500.00. Following the completion of the transaction, the executive vice president owned 196,399 shares of the company’s stock, valued at approximately $48,885,675.09. This trade represents a 20.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.60% of the stock is owned by insiders.

Steel Dynamics Stock Up 3.8%

Steel Dynamics stock opened at $236.12 on Wednesday. The business has a fifty day moving average of $238.30 and a two-hundred day moving average of $225.42. The company has a quick ratio of 1.48, a current ratio of 3.14 and a debt-to-equity ratio of 0.43. The firm has a market cap of $33.58 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.32 and a beta of 1.45. Steel Dynamics, Inc. has a twelve month low of $151.21 and a twelve month high of $288.74.

Steel Dynamics (NASDAQ:STLD) last announced its earnings results on Tuesday, October 20th. The basic materials company reported $5.26 earnings per share (EPS) 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 company had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same period last year, the business posted $2.74 EPS. The firm’s revenue was up 34.8% compared to the same quarter last year. On average, analysts forecast that Steel Dynamics, Inc. will post 18.12 earnings per share for the current fiscal year.

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

Steel Dynamics Dividend Announcement

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

Analyst Ratings Changes

STLD has been the subject of several recent research reports. KeyCorp lifted their price objective on Steel Dynamics from $262.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. BMO Capital Markets dropped their target price on shares of Steel Dynamics from $296.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, September 29th. Barclays set a $280.00 target price on shares of Steel Dynamics in a research report on Friday, October 23rd. Wells Fargo & Company raised their target price on shares of Steel Dynamics from $257.00 to $271.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $299.00 price target (down from $301.00) on shares of Steel Dynamics in a report on Tuesday, October 20th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Steel Dynamics has an average rating of “Moderate Buy” and a consensus price target of $275.17.

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.

Steel Dynamics Company Profile

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.