SageGuard Financial Group LLC Invests $8.19 Million in Steel Dynamics, Inc. $STLD

SageGuard Financial Group LLC acquired a new position in Steel Dynamics, Inc. (NASDAQ:STLD) in the fourth quarter, Holdings Channel.com reports. The firm acquired 48,347 shares of the basic materials company’s stock, valued at approximately $8,192,000. Steel Dynamics accounts for approximately 1.3% of SageGuard Financial Group LLC’s investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Evergreen Capital Management LLC boosted its holdings in shares of Steel Dynamics by 10.1% in the 4th quarter. Evergreen Capital Management LLC now owns 2,079 shares of the basic materials company’s stock worth $353,000 after purchasing an additional 190 shares in the last quarter. TriaGen Wealth Management LLC purchased a new position in shares of Steel Dynamics in the 4th quarter worth about $2,036,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Steel Dynamics by 57.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,839 shares of the basic materials company’s stock worth $11,326,000 after purchasing an additional 24,363 shares in the last quarter. VCI Wealth Management LLC boosted its holdings in shares of Steel Dynamics by 39.0% in the 4th quarter. VCI Wealth Management LLC now owns 9,540 shares of the basic materials company’s stock worth $1,617,000 after purchasing an additional 2,677 shares in the last quarter. Finally, Security Financial Services INC. boosted its holdings in shares of Steel Dynamics by 10.5% in the 4th quarter. Security Financial Services INC. now owns 5,165 shares of the basic materials company’s stock worth $875,000 after purchasing an additional 490 shares in the last quarter. 82.41% of the stock is currently owned by hedge funds and other institutional investors.

Steel Dynamics Stock Up 4.5%

STLD opened at $209.35 on Tuesday. The company has a market cap of $30.30 billion, a P/E ratio of 26.14, a P/E/G ratio of 0.53 and a beta of 1.39. The business’s 50-day moving average price is $185.82 and its 200-day moving average price is $172.65. The company has a current ratio of 3.06, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48. Steel Dynamics, Inc. has a 12 month low of $112.72 and a 12 month high of $211.75.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings data on Monday, April 20th. The basic materials company reported $2.78 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.01). Steel Dynamics had a return on equity of 13.56% and a net margin of 6.52%.The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter in the prior year, the firm posted $1.44 EPS. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. On average, equities analysts expect that Steel Dynamics, Inc. will post 14.04 EPS for the current year.

Steel Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st were issued a $0.53 dividend. This is a positive change from Steel Dynamics’s previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, March 31st. Steel Dynamics’s dividend payout ratio (DPR) is 26.47%.

Wall Street Analyst Weigh In

STLD has been the subject of a number of recent research reports. KeyCorp initiated coverage on shares of Steel Dynamics in a report on Wednesday, March 25th. They issued an “overweight” rating and a $190.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of Steel Dynamics from $192.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Jefferies Financial Group restated a “buy” rating on shares of Steel Dynamics in a report on Tuesday, March 17th. Morgan Stanley restated an “underperform” rating and issued a $190.00 price objective on shares of Steel Dynamics in a report on Tuesday, March 17th. Finally, Wall Street Zen upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating in a report on Saturday. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Steel Dynamics has an average rating of “Hold” and an average price target of $185.11.

Key Stories Impacting Steel Dynamics

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

• Positive Sentiment: Q1 profit increased as higher steel prices and strong demand lifted margins, supporting near-term earnings momentum. Steel Dynamics quarterly profit rises on higher steel prices, robust demand
• Positive Sentiment: Analysts and commentary highlight tariff-driven benefits that strengthened in Q1, which can sustain domestic pricing and margins for Steel Dynamics. Steel Dynamics: Tariff Benefits Strengthen In Q1
• Positive Sentiment: Company reported higher first-quarter profit and growth in steel shipments, reinforcing the view of ongoing demand recovery. Steel Dynamics Posts Higher First-Quarter Profit, Sales Amid Growth in Steel Shipments
• Positive Sentiment: Pre-earnings positioning and recent analyst revisions/price-target lifts helped sentiment into the print, adding buying interest. Top Wall Street Forecasters Revamp Steel Dynamics Expectations Ahead Of Q1 Earnings
• Positive Sentiment: Some outlets report record shipments and revenue commentary that read positively to traders focused on volume and pricing trends. Steel Dynamics beats Q1 revenue estimates amid record shipments, higher steel prices
• Neutral Sentiment: Consensus analyst rating sits at “Hold” — indicating mixed Street sentiment despite bullish notes from some firms. Steel Dynamics, Inc. (NASDAQ:STLD) Given Consensus Rating of “Hold” by Analysts
• Neutral Sentiment: STLD showed up on after-hours movers lists, reflecting elevated trader attention but not a clear directional catalyst on its own. Stocks making the biggest moves after hours: Amazon, Apple, Steel Dynamics and more
• Negative Sentiment: Reported EPS missed the consensus by $0.01 and revenue came in below some Wall Street estimates, which is a short-term negative for guidance/expectations. Steel Dynamics (STLD) Q1 Earnings Miss Estimates
• Negative Sentiment: Some coverage points to mixed earnings takeaways (small EPS miss + revenue shortfall vs. estimates), which can temper near-term multiple expansion. Press Release / Q1 Slides

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.