Sanctuary Advisors LLC Raises Stock Position in Steel Dynamics, Inc. $STLD

Sanctuary Advisors LLC increased its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 12.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,750 shares of the basic materials company’s stock after acquiring an additional 4,022 shares during the quarter. Sanctuary Advisors LLC’s holdings in Steel Dynamics were worth $8,203,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in STLD. BlackRock Inc. purchased a new stake in shares of Steel Dynamics during the second quarter worth about $2,844,501,000. Life Cycle Investment Partners Ltd purchased a new position in Steel Dynamics in the 4th quarter valued at about $586,702,000. Norges Bank acquired a new stake in Steel Dynamics in the 4th quarter worth about $564,590,000. Boston Partners boosted its holdings in Steel Dynamics by 147.9% in the 4th quarter. Boston Partners now owns 1,793,630 shares of the basic materials company’s stock worth $303,970,000 after buying an additional 1,070,042 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Steel Dynamics in the 2nd quarter worth about $211,159,000. 82.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Steel Dynamics

In related news, SVP James Stanley Anderson sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $268.70, for a total transaction of $2,687,000.00. Following the completion of the sale, the senior vice president directly owned 102,837 shares of the company’s stock, valued at approximately $27,632,301.90. This trade represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.60% of the company’s stock.

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

Analysts Set New Price Targets

STLD has been the topic of several research reports. Barclays raised their target price on Steel Dynamics from $270.00 to $272.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Steel Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. JPMorgan Chase & Co. increased their price objective on Steel Dynamics from $256.00 to $260.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. KeyCorp restated an “overweight” rating on shares of Steel Dynamics in a report on Wednesday, July 22nd. Finally, Morgan Stanley dropped 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. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Steel Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.27.

Steel Dynamics Stock Up 0.3%

Shares of NASDAQ STLD opened at $229.27 on Tuesday. The company has a market capitalization of $32.86 billion, a P/E ratio of 20.79, a P/E/G 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. The company has a 50 day simple moving average of $244.20 and a 200-day simple moving average of $222.78. Steel Dynamics, Inc. has a 1 year low of $126.88 and a 1 year high of $288.74.

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, beating analysts’ consensus estimates of $3.63 by $0.06. The firm had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $5.56 billion. Steel Dynamics had a return on equity of 18.12% and a net margin of 7.83%.The firm’s quarterly revenue was up 33.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.01 earnings per share. On average, equities research analysts predict that Steel Dynamics, Inc. will post 17.16 earnings per share for the current year.

Steel Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be issued 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 dividend yield of 0.9%. Steel Dynamics’s dividend payout ratio is currently 19.22%.

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.