Engineers Gate Manager LP Decreases Holdings in Steel Dynamics, Inc. $STLD

Key Points

• Engineers Gate Manager LP cut its Steel Dynamics position by 95.2% in the second quarter, selling 69,167 shares and retaining 3,470 shares valued at approximately $796,000.
• Institutional ownership remains substantial at 82.41%, with BlackRock, Life Cycle Investment Partners, Norges Bank and Bank of America among investors establishing new positions.
• Steel Dynamics reported quarterly EPS of $3.69, ahead of estimates, while revenue rose 33.4% year over year to $6.09 billion. However, projected third-quarter EPS of $5.34–$5.38 fell below consensus expectations, contributing to investor concern despite strong demand and shipments.

Engineers Gate Manager LP decreased its position in Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 95.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,470 shares of the basic materials company's stock after selling 69,167 shares during the quarter. Engineers Gate Manager LP's holdings in Steel Dynamics were worth $796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Steel Dynamics in the second quarter worth $2,844,501,000. Life Cycle Investment Partners Ltd purchased a new stake in Steel Dynamics during the fourth quarter valued at about $586,702,000. Norges Bank bought a new position in shares of Steel Dynamics during the fourth quarter valued at about $564,590,000. Bank of America Corp DE bought a new position in shares of Steel Dynamics during the second quarter valued at about $264,212,000. Finally, Boston Partners increased its holdings in shares of Steel Dynamics by 147.9% in the fourth quarter. Boston Partners now owns 1,793,630 shares of the basic materials company's stock worth $303,970,000 after buying an additional 1,070,042 shares during the period. Hedge funds and other institutional investors own 82.41% of the company's stock.

More Steel Dynamics News

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

• Positive Sentiment: Management projected third-quarter diluted EPS of $5.34–$5.38, representing both year-over-year and sequential earnings growth. The company cited record steel shipments, higher realized selling prices, lower scrap costs, strong customer demand and a nearly 50% year-over-year increase in its steel-fabrication backlog. Steel Dynamics Provides Third Quarter 2026 Earnings Guidance
• Positive Sentiment: Wells Fargo remained constructive on potential margin upside despite the guidance shortfall, while analysts’ published price targets remain above the current trading level. Steel Dynamics also repurchased approximately $261 million of stock during the quarter, supporting per-share value. STLD Gets Street Backing Despite Lower Guidance
• Positive Sentiment: Technical commentary had recently identified STLD breaking above its 50-day moving average, suggesting underlying momentum before the guidance-driven decline. Steel Dynamics Recently Broke Out Above the 50-Day Moving Average
• Neutral Sentiment: JPMorgan lowered its price target modestly from $273 to $272 and kept a neutral rating. The target still implies meaningful upside, but the revised stance signals limited near-term conviction.
• Negative Sentiment: The EPS outlook was below consensus estimates reported between approximately $5.50 and $5.66. Because steel shares had performed strongly, investors appeared to interpret the guidance as a miss against high expectations rather than as evidence of deteriorating operations. Steel Dynamics Slides as Third-Quarter Outlook Misses Expectations
• Negative Sentiment: Canada’s reported 50% tariff on U.S. steel added pressure by creating uncertainty around cross-border shipments, pricing and margins for Steel Dynamics and other domestic steelmakers. Steel Dynamics Stock Falls as Canada Tariffs and Weak Guidance Hit Hard
• Negative Sentiment: Recent insider activity showed 13 open-market sales and no purchases over six months. While such transactions may reflect scheduled or personal selling, the one-sided pattern can weigh on sentiment.

Steel Dynamics Price Performance

NASDAQ STLD opened at $235.26 on Monday. Steel Dynamics, Inc. has a 1 year low of $134.87 and a 1 year high of $288.74. The stock has a market capitalization of $33.72 billion, a PE ratio of 21.33, a PEG ratio of 0.41 and a beta of 1.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.18 and a quick ratio of 1.45. The business's 50-day moving average is $244.07 and its 200 day moving average is $228.50.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The basic materials company reported $3.69 EPS for the quarter, beating analysts' consensus estimates of $3.63 by $0.06. Steel Dynamics had a return on equity of 18.12% and a net margin of 7.83%.The business had revenue of $6.09 billion during the quarter, compared to analyst estimates of $5.56 billion. During the same quarter in the prior year, the company posted $2.01 EPS. Steel Dynamics's quarterly revenue was up 33.4% compared to the same quarter last year. Sell-side analysts forecast that Steel Dynamics, Inc. will post 18.58 earnings per share for the current year.

Steel Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be issued a $0.53 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.12 annualized dividend and a yield of 0.9%. Steel Dynamics's dividend payout ratio (DPR) is 19.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on STLD shares. KeyCorp reissued an "overweight" rating on shares of Steel Dynamics in a research note on Wednesday, July 22nd. Bank of America reduced their price target on Steel Dynamics from $280.00 to $260.00 and set a "neutral" rating on the stock in a research report on Thursday, July 9th. Weiss Ratings cut Steel Dynamics from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 11th. Barclays boosted their price objective on Steel Dynamics from $270.00 to $272.00 and gave the company an "overweight" rating in a research report on Wednesday, July 22nd. Finally, Morgan Stanley dropped their price objective on Steel Dynamics from $270.00 to $260.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Steel Dynamics has an average rating of "Moderate Buy" and a consensus target price of $258.55.

Steel Dynamics Profile

Steel Dynamics, Inc is a steel producer and metals recycler headquartered in Fort Wayne, Indiana. Founded in 1993, the company operates electric arc furnaces that use recycled steel and other metallic inputs to manufacture a broad range of steel products. Its customers include companies in the construction, automotive, manufacturing, transportation, energy and appliance industries.

Steel Dynamics' steel operations produce flat-rolled steel, structural steel, rail, engineered bar products and other specialty steel products.

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