Jones Financial Companies Lllp Purchases 4,329 Shares of Steel Dynamics, Inc. $STLD

Jones Financial Companies Lllp grew its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 28.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,380 shares of the basic materials company’s stock after buying an additional 4,329 shares during the period. Jones Financial Companies Lllp’s holdings in Steel Dynamics were worth $4,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of STLD. NewEdge Advisors LLC lifted its position in Steel Dynamics by 307.5% during the first quarter. NewEdge Advisors LLC now owns 819 shares of the basic materials company’s stock valued at $102,000 after acquiring an additional 618 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Steel Dynamics by 82.7% during the first quarter. Acadian Asset Management LLC now owns 3,485 shares of the basic materials company’s stock worth $435,000 after purchasing an additional 1,578 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Steel Dynamics during the 2nd quarter valued at $1,019,000. Qube Research & Technologies Ltd acquired a new stake in shares of Steel Dynamics in the 2nd quarter worth $48,746,000. Finally, Sei Investments Co. boosted its position in shares of Steel Dynamics by 7.9% in the 2nd quarter. Sei Investments Co. now owns 105,051 shares of the basic materials company’s stock worth $13,447,000 after purchasing an additional 7,712 shares in the last quarter. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Insiders Place Their Bets

In other Steel Dynamics news, SVP James Stanley Anderson sold 10,000 shares of Steel Dynamics stock in a transaction 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 sale, 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 document filed with the SEC, which is available through this hyperlink. Insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

STLD has been the topic of several research analyst reports. UBS Group boosted their target price on shares of Steel Dynamics from $165.00 to $276.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Morgan Stanley decreased their price objective on shares of Steel Dynamics from $270.00 to $260.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 22nd. Wells Fargo & Company lowered their target price on Steel Dynamics from $275.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday. KeyCorp reissued an “overweight” rating on shares of Steel Dynamics in a report on Wednesday, July 22nd. Finally, Barclays increased their target price on shares of Steel Dynamics from $270.00 to $272.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Steel Dynamics presently has an average rating of “Moderate Buy” and an average price target of $257.27.

Steel Dynamics Stock Up 0.3%

STLD stock opened at $229.27 on Tuesday. The stock 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 firm has a 50-day simple moving average of $244.20 and a 200-day simple moving average of $222.78. The company has a quick ratio of 1.45, a current ratio of 3.18 and a debt-to-equity ratio of 0.45. Steel Dynamics, Inc. has a 52 week low of $126.88 and a 52 week high of $288.74.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Tuesday, July 21st. The basic materials company reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.06. Steel Dynamics had a net margin of 7.83% and a return on equity of 18.12%. The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period last year, the company posted $2.01 EPS. Steel Dynamics’s quarterly revenue was up 33.4% compared to the same quarter last year. Equities analysts forecast that Steel Dynamics, Inc. will post 17.16 earnings per share for the current fiscal year.

Steel Dynamics Dividend Announcement

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

Steel Dynamics News Roundup

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 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.