Cibc World Market Inc. Increases Holdings in Steel Dynamics, Inc. $STLD

Cibc World Market Inc. increased its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 183.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,650 shares of the basic materials company’s stock after acquiring an additional 15,946 shares during the period. Cibc World Market Inc.’s holdings in Steel Dynamics were worth $5,656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STLD. Strs Ohio grew its position in shares of Steel Dynamics by 7.3% in the fourth quarter. Strs Ohio now owns 153,878 shares of the basic materials company’s stock valued at $26,075,000 after purchasing an additional 10,519 shares during the last quarter. Canada Post Corp Registered Pension Plan raised its position in shares of Steel Dynamics by 70.5% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 11,692 shares of the basic materials company’s stock worth $1,981,000 after purchasing an additional 4,835 shares during the last quarter. Ethic Inc. lifted its stake in Steel Dynamics by 56.5% in the 4th quarter. Ethic Inc. now owns 18,548 shares of the basic materials company’s stock valued at $3,143,000 after buying an additional 6,695 shares in the last quarter. Sapient Capital LLC lifted its stake in Steel Dynamics by 34.6% in the 2nd quarter. Sapient Capital LLC now owns 447,664 shares of the basic materials company’s stock valued at $102,958,000 after buying an additional 115,080 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in Steel Dynamics by 53.2% during the 4th quarter. Sanctuary Advisors LLC now owns 30,920 shares of the basic materials company’s stock valued at $5,239,000 after buying an additional 10,736 shares during the last quarter. 82.41% of the stock is owned by institutional investors and hedge funds.

Steel Dynamics Price Performance

STLD stock opened at $231.08 on Wednesday. The stock has a 50-day moving average price of $243.34 and a two-hundred day moving average price of $223.01. Steel Dynamics, Inc. has a 12-month low of $126.88 and a 12-month high of $288.74. The company has a current ratio of 3.18, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. The company has a market cap of $33.12 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 0.43 and a beta of 1.52.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings data on Tuesday, July 21st. The basic materials company reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.06. The company had revenue of $6.09 billion for 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 company’s quarterly revenue was up 33.4% compared to the same quarter last year. During the same period last year, the business posted $2.01 EPS. As a group, research analysts predict that Steel Dynamics, Inc. will post 17.16 EPS for the current year.

Steel Dynamics Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley dropped their price target on Steel Dynamics from $270.00 to $260.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. UBS Group upped their price objective on Steel Dynamics from $165.00 to $276.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. The Goldman Sachs Group began coverage on Steel Dynamics in a research note on Wednesday, July 29th. They set a “buy” rating and a $300.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective 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, Wells Fargo & Company cut their target price on shares of Steel Dynamics from $275.00 to $255.00 and set an “overweight” rating for the company 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. According to data from MarketBeat, Steel Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.27.

Steel Dynamics News Summary

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

• Positive Sentiment: Steel stocks rallied after U.S.-Canada trade talks broke down and President Trump threatened tariffs of up to 50% on Canadian steel. Investors viewed the potential trade restrictions as supportive of U.S. producers, including Steel Dynamics, by potentially improving pricing and demand for domestically produced steel. Nucor, Steel Dynamics, Cleveland-Cliffs stocks rise as US-Canada trade talks fail
• Positive Sentiment: Steel Dynamics led a broader move higher among U.S. steelmakers as tariffs returned to focus, reinforcing the market’s expectation that trade protection could benefit domestic producers. Steel Stocks Jump as U.S.-Canada Tariff Fight Escalates
• Positive Sentiment: Recent fundamental coverage characterized STLD as a potentially attractive long-term value stock, which may have supported investor interest alongside the sector rally. Why Steel Dynamics is a Top Value Stock for the Long-Term
• Neutral Sentiment: Wells Fargo lowered its price target from $275 to $255 but maintained an “overweight” rating. The target reduction signals more cautious expectations, while the continued bullish rating indicates the analyst still sees upside potential. Benzinga analyst coverage
• Neutral Sentiment: The reported August short-interest figures show zero shares short and a zero-day days-to-cover ratio, with an undefined percentage change. Because the data appears inconsistent, it provides no meaningful signal about investor positioning.

Insider Buying and Selling

In other Steel Dynamics 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. The trade was a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 6.60% of the company’s stock.

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.