Steel Dynamics, Inc. $STLD Shares Sold by Danske Bank A S

Posted by Brian Himes on Aug 19th, 2026

Danske Bank A S reduced its stake in Steel Dynamics, Inc. (NASDAQ:STLD – Free Report) by 20.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 272,931 shares of the basic materials company’s stock after selling 69,403 shares during the quarter. Danske Bank A S owned approximately 0.19% of Steel Dynamics worth $62,627,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of STLD. Jacobi Capital Management LLC boosted its position in shares of Steel Dynamics by 1.6% during the 4th quarter. Jacobi Capital Management LLC now owns 3,533 shares of the basic materials company’s stock valued at $599,000 after acquiring an additional 55 shares during the last quarter. Optas LLC increased its position in Steel Dynamics by 3.0% during the fourth quarter. Optas LLC now owns 1,979 shares of the basic materials company’s stock worth $335,000 after purchasing an additional 58 shares during the last quarter. Hohimer Wealth Management LLC increased its position in Steel Dynamics by 1.1% during the fourth quarter. Hohimer Wealth Management LLC now owns 5,708 shares of the basic materials company’s stock worth $967,000 after purchasing an additional 61 shares during the last quarter. Kestra Private Wealth Services LLC raised its stake in Steel Dynamics by 2.7% during the first quarter. Kestra Private Wealth Services LLC now owns 2,396 shares of the basic materials company’s stock worth $431,000 after purchasing an additional 64 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Steel Dynamics by 4.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the basic materials company’s stock worth $246,000 after purchasing an additional 70 shares during the period. 82.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

STLD has been the subject of several analyst reports. Citigroup increased their price target on shares of Steel Dynamics from $180.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. BMO Capital Markets lifted their price target on shares of Steel Dynamics from $195.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. UBS Group upped their price objective on Steel Dynamics from $165.00 to $276.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Bank of America lowered their price objective on Steel Dynamics from $280.00 to $260.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. raised their target price on Steel Dynamics from $256.00 to $260.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.09.

Get Our Latest Report on Steel Dynamics

Steel Dynamics Trading Down 3.2%

NASDAQ STLD opened at $249.81 on Wednesday. The stock has a market capitalization of $35.81 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 0.48 and a beta of 1.52. The firm has a 50 day moving average of $248.10 and a two-hundred day moving average of $221.61. The company has a quick ratio of 1.45, a current ratio of 3.18 and a debt-to-equity ratio of 0.45. Steel Dynamics, Inc. has a 52 week low of $124.77 and a 52 week high of $288.74.

Steel Dynamics (NASDAQ:STLD – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The basic materials company reported $3.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.06. The firm 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 firm’s quarterly revenue was up 33.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.01 earnings per share. As a group, research analysts expect that Steel Dynamics, Inc. will post 17.16 EPS for the current fiscal year.

Steel Dynamics Dividend Announcement

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

Insider Transactions at Steel Dynamics

In other Steel Dynamics news, SVP James Stanley Anderson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $268.70, for a total transaction of $2,687,000.00. Following the completion of the sale, the senior vice president directly owned 102,837 shares of the company’s stock, valued at $27,632,301.90. This represents a 8.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.60% of the stock is owned by company insiders.

Steel Dynamics Profile

(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.