7,841 Shares of Steel Dynamics, Inc. $STLD Bought by Axecap Investments LLC

Key Points

• Axecap Investments LLC acquired 7,841 shares of Steel Dynamics worth approximately $1.74 million during the third quarter. Institutional investors and hedge funds collectively own 82.41% of the company.
• Steel Dynamics reported record third-quarter shipments and revenue of $6.51 billion, up 34.8% year over year, while net income rose to $756 million. However, EPS of $5.26 missed analyst expectations of $5.48 and prior company guidance.
• The company maintains a quarterly dividend of $0.53 per share, equivalent to a 0.9% annualized yield, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $258.55.

Axecap Investments LLC acquired a new stake in Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,841 shares of the basic materials company's stock, valued at approximately $1,738,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Steel Dynamics during the second quarter worth approximately $2,844,501,000. Bank of America Corp DE acquired a new stake in shares of Steel Dynamics during the 2nd quarter worth approximately $264,212,000. Bank of New York Mellon Corp bought a new stake in shares of Steel Dynamics in the 2nd quarter valued at $211,159,000. Deutsche Bank AG bought a new stake in shares of Steel Dynamics in the 2nd quarter valued at $126,579,000. Finally, Bessemer Group Inc. lifted its position in shares of Steel Dynamics by 56,088.1% during the 1st quarter. Bessemer Group Inc. now owns 542,215 shares of the basic materials company's stock valued at $97,598,000 after acquiring an additional 541,250 shares during the period. 82.41% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Steel Dynamics

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

• Positive Sentiment: Steel Dynamics reported record steel shipments of 3.8 million tons, third-quarter sales of approximately $6.51 billion—up 34.8% year over year—and net income of $756 million, compared with $403.7 million a year earlier. Higher steel prices, lower scrap costs, wider metal spreads, and reduced imports supported profitability. Steel Dynamics Reports Third Quarter 2026 Results
• Positive Sentiment: Adjusted EBITDA reached $1.2 billion, operating cash flow was $846 million, and liquidity totaled $2.4 billion. The company also repurchased $276 million, or roughly 1%, of its common stock. A swelling backlog and continued strong steel demand provide potential support for future results. Steel Dynamics Q3 2026: Record Shipments, Narrow Miss, Swelling Backlog
• Neutral Sentiment: Steel Dynamics announced leadership promotions intended to support long-term growth and operational excellence. The changes are strategically relevant but are unlikely to materially affect near-term earnings. Steel Dynamics Announces Leadership Promotions
• Negative Sentiment: Quarterly EPS was $5.26, below the analyst consensus of $5.48 and below Steel Dynamics’ prior guidance of $5.34–$5.38. Metals-recycling operating income declined sequentially, while aluminum volumes were hurt by production yield and quality issues. Investors appear to be treating the strong results as largely priced in, increasing the impact of the narrow earnings miss. Steel Dynamics Falls After Q3 EPS Miss Despite Record Shipments
• Negative Sentiment: Recent insider-trading data cited 13 open-market insider sales and no purchases over the past six months. This is a secondary concern, but it may add to investor caution alongside the earnings miss. Insider Trading Data

Steel Dynamics Trading Down 0.3%

Shares of STLD stock opened at $244.37 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 3.18. The company has a market capitalization of $35.03 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 0.35 and a beta of 1.48. Steel Dynamics, Inc. has a 52-week low of $146.11 and a 52-week high of $288.74. The company has a 50-day simple moving average of $238.13 and a two-hundred day simple moving average of $237.54.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last posted its earnings results on Monday, October 19th. The basic materials company reported $5.26 EPS for the quarter, missing the consensus estimate of $5.48 by ($0.22). Steel Dynamics had a return on equity of 21.95% and a net margin of 8.82%. The firm had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the prior year, the business earned $2.74 EPS. Steel Dynamics's quarterly revenue was up 34.8% compared to the same quarter last year. Research analysts anticipate that Steel Dynamics, Inc. will post 18.13 EPS for the current fiscal year.

Steel Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 30th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Steel Dynamics's dividend payout ratio (DPR) is presently 19.22%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Morgan Stanley cut their target price on shares of Steel Dynamics from $270.00 to $260.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 22nd. Barclays boosted their price target on shares of Steel Dynamics from $272.00 to $285.00 and gave the company an "overweight" rating in a research note on Monday. Bank of America cut their price target on Steel Dynamics from $280.00 to $260.00 and set a "neutral" rating for the company in a research note on Thursday, July 9th. Wall Street Zen lowered Steel Dynamics from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 20th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $299.00 price objective on shares of Steel Dynamics in a research note on Tuesday. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $258.55.

About Steel Dynamics

Steel Dynamics, Inc is a steel producer and metals recycler headquartered in Fort Wayne, Indiana. The company manufactures steel products using electric arc furnace technology and serves customers across industries such as construction, automotive, manufacturing, and energy.

Its operations include the production of flat rolled steel, long steel products, structural steel, rail, and specialty products. Steel Dynamics also provides steel processing and fabrication services, including the manufacture of steel joists, deck systems, and other components used in commercial and industrial construction.

The company operates metals recycling facilities that collect, process, and supply ferrous and nonferrous scrap to support its steelmaking operations.

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