Great Lakes Advisors LLC Buys 3,719 Shares of Steel Dynamics, Inc. $STLD

Posted by Brenda Bartman on Aug 21st, 2026

Great Lakes Advisors LLC raised its stake in Steel Dynamics, Inc. (NASDAQ:STLD – Free Report) by 27.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,400 shares of the basic materials company’s stock after buying an additional 3,719 shares during the quarter. Great Lakes Advisors LLC’s holdings in Steel Dynamics were worth $3,993,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthfront Advisers LLC acquired a new stake in Steel Dynamics in the 2nd quarter valued at approximately $7,295,000. Foster & Motley Inc. acquired a new position in Steel Dynamics during the 2nd quarter worth approximately $6,666,000. M. Kulyk & Associates LLC bought a new position in shares of Steel Dynamics during the 2nd quarter worth approximately $936,000. Alpine Woods Capital Investors LLC bought a new position in shares of Steel Dynamics during the 2nd quarter worth approximately $6,194,000. Finally, Meeder Advisory Services Inc. acquired a new stake in shares of Steel Dynamics in the second quarter valued at approximately $495,000. Institutional investors own 82.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on STLD. Wells Fargo & Company reduced their price target on Steel Dynamics from $291.00 to $275.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. The Goldman Sachs Group initiated coverage on Steel Dynamics in a research note on Wednesday, July 29th. They set a “buy” rating and a $300.00 price objective on the stock. Morgan Stanley cut their price objective on Steel Dynamics from $270.00 to $260.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. KeyCorp restated an “overweight” rating on shares of Steel Dynamics in a report on Wednesday, July 22nd. Finally, Barclays upped their price target on shares of Steel Dynamics from $270.00 to $272.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Steel Dynamics currently has a consensus rating of “Moderate Buy” and an average target price of $259.09.

Get Our Latest Analysis on Steel Dynamics

Steel Dynamics Stock Down 5.2%

STLD stock opened at $219.00 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.18 and a quick ratio of 1.45. The stock has a market capitalization of $31.39 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 0.44 and a beta of 1.52. The business’s fifty day moving average price is $246.14 and its two-hundred day moving average price is $222.23. Steel Dynamics, Inc. has a fifty-two week low of $124.77 and a fifty-two week high of $288.74.

Steel Dynamics (NASDAQ:STLD – Get Free Report) last announced its 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. Steel Dynamics had a net margin of 7.83% and a return on equity of 18.12%. The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter in the previous year, the business posted $2.01 earnings per share. Steel Dynamics’s quarterly revenue was up 33.4% on a year-over-year basis. On average, equities analysts anticipate that Steel Dynamics, Inc. will post 17.16 earnings per share for the current 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. The ex-dividend date is Wednesday, September 30th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.0%. Steel Dynamics’s dividend payout ratio (DPR) is presently 19.22%.

Insiders Place Their Bets

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

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.