Steel Dynamics, Inc. $STLD Shares Sold by Thrivent Financial for Lutherans

Posted by Francis Steltz on May 15th, 2026

Thrivent Financial for Lutherans cut its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD – Free Report) by 25.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 965,896 shares of the basic materials company’s stock after selling 325,092 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Steel Dynamics were worth $163,673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC grew its stake in shares of Steel Dynamics by 1,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 160 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 150 shares during the period. Cornerstone Planning Group LLC grew its stake in shares of Steel Dynamics by 1,636.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 191 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 180 shares during the period. Torren Management LLC acquired a new position in shares of Steel Dynamics during the 4th quarter worth $34,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Steel Dynamics during the 4th quarter worth $42,000. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Steel Dynamics during the 4th quarter worth $45,000. 82.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Steel Dynamics

In other Steel Dynamics news, SVP Richard A. Poinsatte sold 2,300 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $234.11, for a total value of $538,453.00. Following the sale, the senior vice president owned 28,618 shares of the company’s stock, valued at $6,699,759.98. This represents a 7.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth W. Cornew sold 5,000 shares of the firm’s stock in a transaction dated 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 represents a 13.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 12,125 shares of company stock valued at $2,751,227 over the last quarter. Corporate insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

STLD has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Steel Dynamics from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, April 29th. Bank of America cut shares of Steel Dynamics from a “buy” rating to a “neutral” rating and set a $250.00 price target on the stock. in a research note on Thursday, April 30th. KeyCorp increased their price objective on shares of Steel Dynamics from $190.00 to $241.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Morgan Stanley reissued an “underperform” rating and issued a $190.00 price objective on shares of Steel Dynamics in a research note on Tuesday, March 17th. Finally, Wall Street Zen upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Six 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $214.30.

Read Our Latest Report on STLD

Steel Dynamics Stock Down 1.0%

Shares of NASDAQ STLD opened at $234.68 on Friday. Steel Dynamics, Inc. has a 12-month low of $119.89 and a 12-month high of $243.73. The company has a market capitalization of $33.96 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 0.50 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.13 and a quick ratio of 1.33. The firm’s 50-day moving average is $197.24 and its two-hundred day moving average is $182.16.

Steel Dynamics (NASDAQ:STLD – Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The basic materials company reported $2.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.79 by ($0.01). Steel Dynamics had a net margin of 7.22% and a return on equity of 15.54%. The business had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period last year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Equities analysts anticipate that Steel Dynamics, Inc. will post 14.77 EPS for the current fiscal year.

Steel Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Steel Dynamics’s dividend payout ratio is 22.67%.

About Steel Dynamics

(Free Report)

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.