OneAscent Financial Services LLC Sells 2,919 Shares of Steel Dynamics, Inc. $STLD

OneAscent Financial Services LLC trimmed its holdings in Steel Dynamics, Inc. (NASDAQ:STLD) by 48.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 3,116 shares of the basic materials company’s stock after selling 2,919 shares during the period. OneAscent Financial Services LLC’s holdings in Steel Dynamics were worth $434,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in STLD. Trust Co. of Toledo NA OH purchased a new stake in shares of Steel Dynamics during the second quarter worth about $30,000. Rosenberg Matthew Hamilton lifted its holdings in Steel Dynamics by 306.2% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 264 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 199 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in Steel Dynamics by 50.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 300 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 100 shares during the period. True Wealth Design LLC grew its holdings in Steel Dynamics by 120.4% during the 2nd quarter. True Wealth Design LLC now owns 324 shares of the basic materials company’s stock valued at $41,000 after buying an additional 177 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its position in shares of Steel Dynamics by 24.8% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 377 shares of the basic materials company’s stock valued at $53,000 after buying an additional 75 shares during the last quarter. Institutional investors own 82.41% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Miguel Alvarez sold 8,251 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $162.79, for a total value of $1,343,180.29. Following the sale, the senior vice president directly owned 117,068 shares of the company’s stock, valued at $19,057,499.72. This represents a 6.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.30% of the stock is owned by company insiders.

Steel Dynamics Trading Down 2.4%

STLD opened at $171.83 on Tuesday. The stock has a 50-day moving average of $164.77 and a 200 day moving average of $144.96. The company has a current ratio of 3.11, a quick ratio of 1.47 and a debt-to-equity ratio of 0.43. Steel Dynamics, Inc. has a 12 month low of $103.17 and a 12 month high of $178.36. The firm has a market cap of $25.09 billion, a P/E ratio of 22.76, a P/E/G ratio of 0.73 and a beta of 1.48.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings data on Tuesday, October 21st. The basic materials company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.11. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.74 billion. Steel Dynamics had a return on equity of 12.89% and a net margin of 6.39%.The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.05 earnings per share. As a group, research analysts forecast that Steel Dynamics, Inc. will post 9.01 EPS for the current year.

Steel Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.2%. Steel Dynamics’s payout ratio is currently 26.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on STLD shares. KeyCorp upped their target price on shares of Steel Dynamics from $152.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Citigroup boosted their price target on shares of Steel Dynamics from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. lifted their target price on Steel Dynamics from $165.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. BMO Capital Markets raised their price target on Steel Dynamics from $155.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Wells Fargo & Company lifted their price objective on Steel Dynamics from $172.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, December 15th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Steel Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $176.89.

Key Headlines Impacting Steel Dynamics

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

• Positive Sentiment: Steel Dynamics confirmed it has joined SGH in a joint approach to acquire BlueScope, positioning STLD to gain BlueScope’s North American businesses if the deal proceeds — a strategic bolt-on that could expand market share and feed STLD’s domestic footprint. Steel Dynamics joins bid to acquire BlueScope Steel
• Positive Sentiment: Bank of America reiterated a Buy on STLD, highlighting the BlueScope transaction as strategically sensible, forecasting manageable leverage from the deal and a cash‑flow inflection in 2026 — analyst support can underpin investor confidence if fundamentals align. Steel Dynamics: Strategic BlueScope Acquisition, Manageable Leverage, and 2026 Cash Flow Inflection Underpin Buy Rating
• Positive Sentiment: BlueScope confirmed it received an unsolicited, indicative A$30 per-share takeover approach from the SGH–Steel Dynamics group; market reaction in Australia (BlueScope rallying to multi‑year highs) underscores the seriousness of the approach and potential deal value. Australia’s BlueScope hits 17-year high on $8.8 billion buyout bid from SGH, Steel Dynamics
• Neutral Sentiment: Deal structure matters: reporting indicates SGH would acquire BlueScope and Steel Dynamics would acquire the North American units — this limits STLD’s direct headline purchase price but creates integration and financing complexity that investors should model. BlueScope Steel Gets $8.8 Billion Takeover Offer From SGH, Steel Dynamics
• Neutral Sentiment: Longer-term performance context: analysts and commentary note STLD’s strong multi‑year returns and recent price strength — supportive backdrop but raises valuation scrutiny if the market has already priced in expected synergies. Steel Dynamics (STLD): Is the Recent Share Price Surge Fully Reflecting Its Valuation?
• Negative Sentiment: Despite the deal news, STLD shares pulled back (profit‑taking/rotation cited by market writeups); near‑term volatility is likely as investors weigh deal execution risk, financing, regulatory approvals and timing. Steel Dynamics (STLD) Stock Drops Despite Market Gains: Important Facts to Note
• Negative Sentiment: BlueScope and some market sources have tried to play down the bid or emphasized its non‑binding nature — this increases the chance the approach stalls or is restructured, introducing downside risk to deal-based upside for STLD. BlueScope plays down $8.8B bid from Stokes, Steel Dynamics

About Steel Dynamics

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.