3,829 Shares in Steel Dynamics, Inc. $STLD Purchased by CenterBook Partners LP

CenterBook Partners LP acquired a new stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 3,829 shares of the basic materials company’s stock, valued at approximately $849,000.

Other large investors also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in Steel Dynamics during the 2nd quarter valued at $26,000. Wealth Enhancement Trust Services Inc. increased its holdings in shares of Steel Dynamics by 1,200.0% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 117 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 108 shares during the period. NBH Bank bought a new position in shares of Steel Dynamics in the 2nd quarter worth $31,000. City State Bank bought a new position in shares of Steel Dynamics in the 3rd quarter worth $32,000. Finally, Caitlin John LLC bought a new position in shares of Steel Dynamics in the 2nd quarter worth $35,000. Institutional investors own 82.41% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Barry Schneider sold 50,000 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $248.91, for a total transaction of $12,445,500.00. Following the transaction, the executive vice president directly owned 196,399 shares of the company’s stock, valued at $48,885,675.09. This represents a 20.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 6.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

STLD has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $299.00 price objective (down from $301.00) on shares of Steel Dynamics in a research note on Tuesday, October 20th. Weiss Ratings upgraded shares of Steel Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 28th. Morgan Stanley reduced their target price on shares of Steel Dynamics from $270.00 to $260.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. KeyCorp increased their price target on shares of Steel Dynamics from $262.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Finally, UBS Group raised 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. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $275.17.

Steel Dynamics Price Performance

NASDAQ STLD opened at $236.12 on Wednesday. The firm’s fifty day simple moving average is $238.30 and its two-hundred day simple moving average is $225.42. The company has a current ratio of 3.14, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. Steel Dynamics, Inc. has a 12-month low of $151.21 and a 12-month high of $288.74. The firm has a market capitalization 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 (NASDAQ:STLD) last issued its quarterly earnings results on Tuesday, October 20th. The basic materials company reported $5.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $6.43 billion. During the same period in the previous year, the company posted $2.74 earnings per share. The business’s revenue for the quarter was up 34.8% on a year-over-year basis. Analysts forecast that Steel Dynamics, Inc. will post 18.12 EPS for the current fiscal year.

Steel Dynamics announced that its Board of Directors has authorized a share buyback program on Monday, November 9th that allows the company to buy back $3 billion in outstanding shares. This buyback authorization allows the basic materials company to repurchase up to 8.8% of its shares through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Steel Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 8th. Investors of record on Thursday, December 31st will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, December 31st. Steel Dynamics’s payout ratio is 15.65%.

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.

About Steel Dynamics

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.