Teacher Retirement System of Texas Has $4.74 Million Position in Steel Dynamics, Inc. $STLD

Key Points

• Teacher Retirement System of Texas cut its stake in Steel Dynamics by 56.2%, selling 35,921 shares and leaving 27,954 shares valued at about $4.74 million per the latest SEC filing.
• Steel Dynamics posted Q1 EPS of $2.78 (missed by $0.01) and revenue of $5.20B (up 19.1% YoY but below estimates), while analysts raised price targets and the stock has rallied to near its 12‑month high on strong shipments and a positive outlook.
• Insiders sold shares last week (SVP Miguel Alvarez ~4,825 shares and Director Kenneth Cornew ~5,000 shares, ~$2.2M combined), and the company increased its quarterly dividend to $0.53 (annualized $2.12, ~0.9% yield).

Teacher Retirement System of Texas lowered its position in shares of Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 56.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,954 shares of the basic materials company's stock after selling 35,921 shares during the quarter. Teacher Retirement System of Texas' holdings in Steel Dynamics were worth $4,737,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its holdings in shares of Steel Dynamics by 1,636.4% in the third 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 during the period. Sound Income Strategies LLC boosted its holdings in shares of Steel Dynamics by 1,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 160 shares of the basic materials company's stock valued at $28,000 after buying an additional 150 shares during the period. 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 buying an additional 93 shares during the period. CNB Bank acquired a new position in shares of Steel Dynamics in the third quarter valued at approximately $43,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Steel Dynamics in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.41% of the company's stock.

Steel Dynamics Stock Performance

Shares of STLD opened at $226.79 on Monday. Steel Dynamics, Inc. has a 12 month low of $119.89 and a 12 month high of $229.00. The firm has a fifty day simple moving average of $187.85 and a 200 day simple moving average of $174.93. The stock has a market capitalization of $32.82 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 0.58 and a beta of 1.39. The company has a current ratio of 3.13, a quick ratio of 1.33 and a debt-to-equity ratio of 0.46.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last announced its 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). Steel Dynamics had a return on equity of 15.54% and a net margin of 7.22%.The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the previous year, the company posted $1.44 EPS. The business's revenue for the quarter was up 19.1% compared to the same quarter last year. Research analysts forecast that Steel Dynamics, Inc. will post 14.34 EPS for the current fiscal year.

Steel Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were issued a dividend of $0.53 per share. The ex-dividend date was Tuesday, March 31st. This is a positive change from Steel Dynamics's previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a yield of 0.9%. Steel Dynamics's dividend payout ratio is currently 22.67%.

Key Stories Impacting Steel Dynamics

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

• Positive Sentiment: Analysts lifted price targets and reiterated bullish views, supporting upside expectations — Citi raised its target to $255, KeyCorp to $241, BMO and Wells Fargo issued supportive notes. These upgrades increase buy-side conviction and likely helped buying interest. Citigroup Raises Steel Dynamics NASDAQ: STLD Price Target to $255.00 KeyCorp Raises Steel Dynamics NASDAQ: STLD Price Target to $241.00 BMO Capital Markets Forecasts Strong Price Appreciation for Steel Dynamics NASDAQ: STLD Stock Wells Fargo Raises Steel Dynamics (STLD) Price Target to $207, Stays Bullish on Steel
• Positive Sentiment: Strong Q1 results and management commentary — outlets report record shipments, rising Q1 profit and a positive outlook that analysts are rewarding; this fundamental beat/guide-up dynamic is a direct catalyst for buying. Steel Dynamics surges to all-time high on rising Q1 profit, positive outlook Steel Dynamics Inc (STLD) Q1 2026 Earnings Call Highlights: Record Shipments and Robust ...
• Positive Sentiment: Market recognition and momentum — coverage notes STLD joining an “elite” list with a 95+ composite rating and commentary (e.g., The Motley Fool) highlighting why the stock has spiked, reinforcing momentum trading. Steel Dynamics joins elite list of stocks with 95-plus composite rating Here's Why Steel Dynamics Stock Spiked This Week and How That Could Continue
• Neutral Sentiment: Short-interest data is anomalous/zero in the latest report (shows 0 shares / 0 days), which appears to be a reporting artifact rather than a market driver — not meaningful until clarified by exchanges or the data provider.
• Neutral Sentiment: Macro/sector context: coverage on tariffs and how domestic steel demand is reshaping winners and losers provides background but is not a firm-specific catalyst today. Tariffs Rose: 1 Steelmaker Thrived, 1 Still Struggles
• Negative Sentiment: Insider selling by senior executives — SVP Miguel Alvarez sold 4,825 shares (~$1.09M) and Director Kenneth Cornew sold 5,000 shares (~$1.12M) last week; while often routine, these disclosures can introduce short-term selling pressure or concern for some investors. Miguel Alvarez Form 4 Kenneth W. Cornew Form 4

Insider Buying and Selling at Steel Dynamics

In other Steel Dynamics news, SVP Miguel Alvarez sold 4,825 shares of the company's stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $225.58, for a total transaction of $1,088,423.50. Following the sale, the senior vice president directly owned 122,257 shares of the company's stock, valued at approximately $27,578,734.06. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kenneth W. Cornew sold 5,000 shares of the company's stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $224.87, for a total transaction of $1,124,350.00. Following the sale, the director directly owned 31,299 shares in the company, valued at $7,038,206.13. This trade represents a 13.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on STLD. BMO Capital Markets upped their price target on shares of Steel Dynamics from $195.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, April 22nd. Morgan Stanley reiterated an "underperform" rating and issued a $190.00 price target on shares of Steel Dynamics in a report on Tuesday, March 17th. KeyCorp upped their price target on shares of Steel Dynamics from $190.00 to $241.00 and gave the company an "overweight" rating in a report on Wednesday, April 22nd. Wells Fargo & Company upped their price target on shares of Steel Dynamics from $207.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Steel Dynamics from $192.00 to $205.00 and gave the company a "neutral" rating in a report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $210.33.

Steel Dynamics Company 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.

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