Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Steel Dynamics, Inc. $STLD

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 57.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,839 shares of the basic materials company’s stock after acquiring an additional 24,363 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Steel Dynamics were worth $11,326,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its position in Steel Dynamics by 1,500.0% during 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 during the last quarter. Cornerstone Planning Group LLC increased its position in Steel Dynamics by 1,636.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 191 shares of the basic materials company’s stock valued at $27,000 after buying an additional 180 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Steel Dynamics during the 4th quarter valued at about $45,000. Covestor Ltd increased its position in Steel Dynamics by 44.3% during the 3rd quarter. Covestor Ltd now owns 303 shares of the basic materials company’s stock valued at $42,000 after buying an additional 93 shares in the last quarter. Finally, CNB Bank acquired a new position in Steel Dynamics during the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Morgan Stanley reaffirmed an “underperform” rating and set a $190.00 target price on shares of Steel Dynamics in a research report on Tuesday, March 17th. Citigroup boosted their target price on shares of Steel Dynamics from $180.00 to $255.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Steel Dynamics in a research report on Tuesday, March 17th. Wall Street Zen raised shares of Steel Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Wells Fargo & Company increased their price target on Steel Dynamics from $207.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Steel Dynamics presently has an average rating of “Hold” and a consensus target price of $210.33.

Steel Dynamics News Summary

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 Trading Down 1.1%

Steel Dynamics stock opened at $225.05 on Friday. The company has a current ratio of 3.13, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. Steel Dynamics, Inc. has a 12 month low of $119.89 and a 12 month high of $229.00. The stock’s 50 day simple moving average is $187.15 and its two-hundred day simple moving average is $173.92. The firm has a market cap of $32.57 billion, a PE ratio of 24.07, a P/E/G ratio of 0.58 and a beta of 1.39.

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 the consensus estimate of $2.79 by ($0.01). The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Steel Dynamics had a return on equity of 15.54% and a net margin of 7.22%.The company’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 EPS. Analysts anticipate that Steel Dynamics, Inc. will post 14.41 earnings per share for the current year.

Steel Dynamics Increases Dividend

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

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.