Hosking Partners LLP Sells 7,931 Shares of Steel Dynamics, Inc. $STLD

Key Points

• Hosking Partners reduced its Steel Dynamics stake by 5.4%, selling 7,931 shares and retaining 140,153 shares valued at approximately $31.1 million. Institutional investors collectively own 82.41% of the company.
• Steel Dynamics reported third-quarter EPS of $5.26, below the $5.48 analyst consensus, although revenue rose 34.8% year over year to $6.51 billion and exceeded estimates.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $259.82. The company also pays a quarterly dividend of $0.53, equivalent to an annualized $2.12 and a 0.9% yield.

Hosking Partners LLP trimmed its holdings in Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,153 shares of the basic materials company's stock after selling 7,931 shares during the quarter. Hosking Partners LLP owned 0.10% of Steel Dynamics worth $31,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of STLD. Schuylkill Financial LLC increased its position in Steel Dynamics by 91.4% during the third quarter. Schuylkill Financial LLC now owns 6,558 shares of the basic materials company's stock worth $1,453,000 after acquiring an additional 3,131 shares during the period. Sowell Financial Services LLC raised its stake in Steel Dynamics by 3.5% during the 3rd quarter. Sowell Financial Services LLC now owns 6,478 shares of the basic materials company's stock valued at $1,435,000 after purchasing an additional 221 shares during the last quarter. City State Bank bought a new stake in Steel Dynamics in the 3rd quarter valued at $32,000. Axecap Investments LLC bought a new stake in Steel Dynamics in the 3rd quarter valued at $1,738,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Steel Dynamics by 9.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 47,394 shares of the basic materials company's stock valued at $10,531,000 after purchasing an additional 4,002 shares during the period. Institutional investors and hedge funds own 82.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STLD. KeyCorp restated an "overweight" rating on shares of Steel Dynamics in a research report on Wednesday, July 22nd. UBS Group increased their target price on shares of Steel Dynamics from $165.00 to $276.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Weiss Ratings downgraded Steel Dynamics from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, October 13th. Morgan Stanley decreased their target price on Steel Dynamics from $270.00 to $260.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lowered their price target on Steel Dynamics from $272.00 to $260.00 and set a "neutral" rating on the stock in a research note on Friday, October 9th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $259.82.

Steel Dynamics Stock Up 1.5%

STLD opened at $247.97 on Thursday. The company has a market capitalization of $35.54 billion, a P/E ratio of 18.30, a P/E/G ratio of 0.35 and a beta of 1.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.14 and a quick ratio of 1.45. The firm's fifty day moving average price is $237.82 and its two-hundred day moving average price is $238.02. Steel Dynamics, Inc. has a fifty-two week low of $148.13 and a fifty-two week high of $288.74.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last announced its quarterly earnings data on Monday, October 19th. The basic materials company reported $5.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.48 by ($0.22). The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $6.43 billion. Steel Dynamics had a net margin of 8.82% and a return on equity of 21.57%. The company's quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.74 EPS. On average, analysts anticipate that Steel Dynamics, Inc. will post 18.13 EPS for the current year.

Steel Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Wednesday, September 30th were paid a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.12 dividend on an annualized basis and a yield of 0.9%. Steel Dynamics's payout ratio is presently 15.65%.

Key Steel Dynamics News

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

• Positive Sentiment: Steel Dynamics reported record quarterly steel shipments of approximately 3.8 million tons, while mills operated at a strong 92% utilization rate. These figures indicate robust demand and efficient operations. Steel Dynamics: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Third-quarter revenue rose 34.8% year over year to $6.51 billion, supported by higher steel prices and shipments. Reports also highlighted wider margins, a swelling backlog, and strong double-digit earnings growth. Steel Dynamics Q3 2026: Revenue Hits $6.51B, Up 35% Year-Over-Year
• Positive Sentiment: Record aluminum shipments are providing an additional growth catalyst and may ease concerns about the company’s aluminum operations. Steel Dynamics in Focus on Record Aluminum Shipments
• Positive Sentiment: BNP Paribas modestly raised its price target to $276 from $275, signaling continued confidence in the company’s outlook despite near-term earnings pressure. BNP Paribas Adjusts Steel Dynamics Price Target
• Neutral Sentiment: Analysts have maintained a Moderate Buy view, with investors weighing STLD’s relatively stable growth profile against expectations that may already be reflected in the valuation. Steel Dynamics Eyes New Highs Despite Earnings Miss
• Negative Sentiment: Third-quarter adjusted earnings of $5.26 per share missed the $5.48 consensus estimate. The miss initially pressured shares and raised questions about whether elevated expectations had outpaced the company’s near-term profit delivery. STLD Q3 Earnings Miss Estimates Despite Strong Steel Pricing

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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