AGP Franklin LLC Invests $1.03 Million in Steel Dynamics, Inc. $STLD

AGP Franklin LLC acquired a new stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,048 shares of the basic materials company's stock, valued at approximately $1,025,000.

Several other hedge funds also recently bought and sold shares of STLD. Cornerstone Planning Group LLC increased its stake in Steel Dynamics by 1,636.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 191 shares of the basic materials company's stock worth $27,000 after buying an additional 180 shares during the period. Sound Income Strategies LLC raised its stake in shares of 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 in the last quarter. Covestor Ltd boosted its holdings in shares of Steel Dynamics by 44.3% in the third quarter. Covestor Ltd now owns 303 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 93 shares during the period. Nvest Wealth Strategies Inc. purchased a new stake in shares of Steel Dynamics in the fourth quarter valued at approximately $42,000. Finally, CNB Bank bought a new position in Steel Dynamics in the third quarter worth approximately $43,000. Institutional investors own 82.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on STLD. 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. BMO Capital Markets raised their price target on Steel Dynamics from $195.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on Steel Dynamics from $207.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday. Wall Street Zen raised shares of Steel Dynamics from a "hold" rating to a "buy" rating in a research note on Saturday, April 18th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Steel Dynamics in a report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $210.33.

Steel Dynamics Stock Down 1.1%

Shares of NASDAQ STLD 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. The stock has a market capitalization of $32.57 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 0.58 and a beta of 1.39. The stock's fifty day simple moving average is $187.15 and its two-hundred day simple moving average is $173.92. Steel Dynamics, Inc. has a 12-month low of $119.89 and a 12-month high of $229.00.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last released its quarterly earnings results 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 the consensus estimate 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 was up 19.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 earnings per share. As a group, analysts expect that Steel Dynamics, Inc. will post 14.41 EPS for the current fiscal year.

Steel Dynamics Increases Dividend

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

Steel Dynamics News Roundup

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

• Positive Sentiment: Q1 operational strength — management reported record steel shipments, rising Q1 profit and a positive outlook that helped the name hit all-time highs. Steel Dynamics surges to all-time high
• Positive Sentiment: Multiple analyst upgrades/price-target raises — Citi, BMO, KeyCorp, Wells Fargo and others raised targets and reiterated buy/overweight ratings, providing fresh buy-side momentum. Analyst price target coverage (Benzinga)
• Positive Sentiment: Strong quantitative score — the stock was noted as joining an elite group with a 95-plus composite rating, which can attract momentum and quant funds. Composite rating article
• Neutral Sentiment: Context on tariffs and sector divergence — domestic tariffs lifted demand industrywide, but peers showed varied earnings outcomes, underscoring company-specific drivers matter. Tariffs and earnings comparison
• Neutral Sentiment: Analyst disagreement/coverage notes — some outlets highlight mixed analyst views on materials names including STLD, so differing price targets reflect forecast variability. Analysts conflicted (Globe & Mail)
• Neutral Sentiment: Earnings-call transparency — the full Q1 transcript provides nuance (record shipments but some aluminum-related drag and other details investors are parsing). Q1 earnings call transcript
• Negative Sentiment: Small execution/earnings miss — revenue came in below consensus and EPS missed by a cent, plus management flagged aluminum drag; these factors likely pressured the stock despite upgrades. Q1 highlights / earnings write-up

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.

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