Sanctuary Advisors LLC Acquires 4,022 Shares of Steel Dynamics, Inc. $STLD

Sanctuary Advisors LLC grew its holdings in Steel Dynamics, Inc. (NASDAQ:STLD) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,750 shares of the basic materials company’s stock after purchasing an additional 4,022 shares during the period. Sanctuary Advisors LLC’s holdings in Steel Dynamics were worth $8,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in shares of Steel Dynamics in the second quarter worth about $26,000. Prosperity Bancshares Inc bought a new stake in Steel Dynamics during the 4th quarter valued at about $25,000. MV Capital Management Inc. bought a new stake in Steel Dynamics during the 4th quarter valued at about $27,000. Cedar Mountain Advisors LLC purchased a new stake in Steel Dynamics in the 1st quarter valued at about $31,000. Finally, Toews Corp ADV purchased a new stake in Steel Dynamics in the 2nd quarter valued at about $43,000. 82.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America reduced their price objective on Steel Dynamics from $280.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. KeyCorp reissued an “overweight” rating on shares of Steel Dynamics in a research report on Wednesday, July 22nd. UBS Group raised their price target on Steel Dynamics from $165.00 to $276.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Morgan Stanley decreased their price objective on Steel Dynamics from $270.00 to $260.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Steel Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $257.27.

More 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

Steel Dynamics Trading Up 0.3%

Shares of NASDAQ STLD opened at $229.27 on Tuesday. Steel Dynamics, Inc. has a 1-year low of $126.88 and a 1-year high of $288.74. The business has a fifty day moving average price of $244.20 and a 200 day moving average price of $222.78. The stock has a market capitalization of $32.86 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 0.43 and a beta of 1.52. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.18 and a quick ratio of 1.45.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings results on Tuesday, July 21st. The basic materials company reported $3.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.06. Steel Dynamics had a net margin of 7.83% and a return on equity of 18.12%. The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period in the previous year, the company earned $2.01 earnings per share. The business’s revenue for the quarter was up 33.4% on a year-over-year basis. Equities research analysts expect that Steel Dynamics, Inc. will post 17.16 EPS for the current fiscal 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. The ex-dividend date is Wednesday, September 30th. This represents a $2.12 dividend on an annualized basis and a yield of 0.9%. Steel Dynamics’s payout ratio is currently 19.22%.

Insider Transactions at Steel Dynamics

In other news, SVP James Stanley Anderson sold 10,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $268.70, for a total value of $2,687,000.00. Following the completion of the transaction, the senior vice president owned 102,837 shares of the company’s stock, valued at $27,632,301.90. The trade was a 8.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.60% of the stock is owned by corporate insiders.

Steel Dynamics Profile

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.