Steel Dynamics, Inc. $STLD Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 57.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,839 shares of the basic materials company’s stock after purchasing an additional 24,363 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Steel Dynamics were worth $11,326,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC grew its position in shares of Steel Dynamics by 1,636.4% in the third quarter. Cornerstone Planning Group LLC now owns 191 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 180 shares during the period. Sound Income Strategies LLC lifted its position in shares of Steel Dynamics by 1,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 160 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 150 shares in the last quarter. Covestor Ltd lifted its position in shares of Steel Dynamics by 44.3% in the third quarter. Covestor Ltd now owns 303 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 93 shares in the last quarter. CNB Bank purchased a new position in shares of Steel Dynamics in the third quarter valued at approximately $43,000. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Steel Dynamics in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.41% of the company’s stock.

Steel Dynamics Trading Down 1.1%

STLD opened at $225.05 on Friday. Steel Dynamics, Inc. has a one year low of $119.89 and a one year high of $229.00. The stock has a market capitalization of $32.57 billion, a PE ratio of 24.07, a P/E/G ratio of 0.58 and a beta of 1.39. The business’s 50 day moving average price is $187.15 and its 200 day moving average price is $173.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 3.13.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings data on Wednesday, April 22nd. The basic materials company reported $2.78 EPS for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.01). Steel Dynamics had a net margin of 7.22% and a return on equity of 15.54%. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. The company’s revenue was up 19.1% on a year-over-year basis. As a group, equities research analysts expect that Steel Dynamics, Inc. will post 14.41 EPS for the current year.

Steel Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were given a $0.53 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This is an increase from Steel Dynamics’s previous quarterly dividend of $0.50. This represents a $2.12 dividend on an annualized basis and a yield of 0.9%. Steel Dynamics’s dividend payout ratio is currently 22.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on STLD shares. BMO Capital Markets raised their target price on Steel Dynamics from $195.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday. Jefferies Financial Group reiterated a “buy” rating on shares of Steel Dynamics in a research report on Tuesday, March 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Steel Dynamics in a research report on Monday, December 29th. Morgan Stanley reiterated an “underperform” rating and issued a $190.00 target price on shares of Steel Dynamics in a research report on Tuesday, March 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Steel Dynamics from $192.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $210.33.

More Steel Dynamics News

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

• Positive Sentiment: Citigroup raised its price target to $255 and kept a buy rating, signaling material upside vs. recent levels. Citigroup Raises Price Target
• Positive Sentiment: KeyCorp bumped its target to $241 and maintained an overweight rating, adding to buy-side momentum. KeyCorp Raises Price Target
• Positive Sentiment: BMO Capital Markets projected strong price appreciation and raised its target to $240 (outperform), reflecting confidence in its operational outlook. BMO Forecast
• Positive Sentiment: Wells Fargo raised its target (recent notes show moves to $235 and earlier to $207) and reiterated an overweight stance after Q1 commentary. Analyst attention from Wells Fargo supports continued upside expectations. Wells Fargo Note Earlier Wells Fargo Note
• Positive Sentiment: Q1 results: management cited record shipments, rising Q1 profit and a positive outlook, which directly prompted analyst lifts and drove enthusiasm. Q1 Earnings Coverage Earnings Call Transcript
• Positive Sentiment: Market recognition: STLD made lists for top composite ratings and price-target increases, reinforcing positive market sentiment. Composite Rating Story
• Neutral Sentiment: Macro / peer context: tariffs have boosted domestic steel demand, but peer results vary (Steel Dynamics vs. Cleveland-Cliffs), so industry tailwinds are present but not uniformly beneficial. Tariffs & Peer Comparison
• Neutral Sentiment: Some analyst coverage remains mixed—certain outlets highlight conflicted views across materials names, which could temper momentum if more downgrades appear. Analysts Conflicted

Steel Dynamics Company 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.