Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 330,719 Steel Dynamics, Inc. $STLD

Posted by Francis Steltz on Aug 19th, 2026

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Steel Dynamics, Inc. (NASDAQ:STLD – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 330,719 shares of the basic materials company’s stock, valued at approximately $75,887,000.

A number of other institutional investors also recently made changes to their positions in the stock. Prosperity Bancshares Inc bought a new position in shares of Steel Dynamics in the fourth quarter valued at approximately $25,000. MV Capital Management Inc. bought a new stake in Steel Dynamics during the fourth quarter worth approximately $27,000. Cedar Mountain Advisors LLC bought a new stake in Steel Dynamics during the first quarter worth approximately $31,000. DV Equities LLC acquired a new stake in Steel Dynamics in the fourth quarter worth approximately $33,000. Finally, Torren Management LLC bought a new position in Steel Dynamics during the 4th quarter valued at $34,000. 82.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Steel Dynamics

In related news, SVP James Stanley Anderson sold 10,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $268.70, for a total value of $2,687,000.00. Following the completion of the transaction, the senior vice president owned 102,837 shares in the company, valued at $27,632,301.90. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Steel Dynamics from $270.00 to $272.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company decreased their target price on Steel Dynamics from $291.00 to $275.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Citigroup lifted their target price on Steel Dynamics from $180.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group initiated coverage on shares of Steel Dynamics in a research report on Wednesday, July 29th. They issued a “buy” rating and a $300.00 price target on the stock. Finally, Bank of America cut their price target on shares of Steel Dynamics from $280.00 to $260.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $259.09.

Get Our Latest Stock Report on STLD

Steel Dynamics Price Performance

NASDAQ STLD opened at $249.81 on Wednesday. The stock has a market capitalization of $35.81 billion, a P/E ratio of 22.65, a P/E/G ratio of 0.48 and a beta of 1.52. Steel Dynamics, Inc. has a 1 year low of $124.77 and a 1 year high of $288.74. The business’s fifty day moving average is $248.10 and its two-hundred day moving average is $221.61. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 3.18.

Steel Dynamics (NASDAQ:STLD – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $5.56 billion. Steel Dynamics had a return on equity of 18.12% and a net margin of 7.83%.The company’s quarterly revenue was up 33.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.01 EPS. On average, research analysts forecast that Steel Dynamics, Inc. will post 17.16 earnings per share for the current fiscal year.

Steel Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Steel Dynamics’s dividend payout ratio is currently 19.22%.

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.