Sumitomo Mitsui Trust Group Inc. Sells 17,173 Shares of Steel Dynamics, Inc. $STLD

Posted by Geri Gentry on Jul 12th, 2026

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Steel Dynamics, Inc. (NASDAQ:STLD – Free Report) by 5.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 314,331 shares of the basic materials company’s stock after selling 17,173 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Steel Dynamics were worth $56,580,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Prosperity Bancshares Inc acquired a new position in Steel Dynamics in the 4th quarter valued at approximately $25,000. MV Capital Management Inc. bought a new position in shares of Steel Dynamics during the fourth quarter valued at $27,000. Sound Income Strategies LLC lifted its holdings in shares of Steel Dynamics by 1,500.0% during the fourth 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. DV Equities LLC acquired a new position in shares of Steel Dynamics during the fourth quarter worth $33,000. Finally, Torren Management LLC bought a new stake in shares of Steel Dynamics in the fourth quarter worth $34,000. 82.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

STLD has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Steel Dynamics from $192.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, April 14th. Bank of America cut their target price on Steel Dynamics from $280.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday. Morgan Stanley upped their price target on Steel Dynamics from $227.00 to $270.00 and gave the company an “equal weight” rating in a research report on Monday, June 22nd. Weiss Ratings raised Steel Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Finally, Barclays began coverage on Steel Dynamics in a research report on Thursday, May 21st. They set an “overweight” rating and a $270.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $234.55.

Check Out Our Latest Research Report on Steel Dynamics

Insiders Place Their Bets

In related news, Director Kenneth W. Cornew sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 31,299 shares of the company’s stock, valued at $7,038,206.13. This trade represents a 13.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP James Stanley Anderson sold 10,000 shares of Steel Dynamics stock in a transaction that occurred 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 sale, the senior vice president owned 102,837 shares of the company’s stock, valued at approximately $27,632,301.90. The trade was a 8.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 22,125 shares of company stock worth $5,438,226. Company insiders own 6.60% of the company’s stock.

Steel Dynamics Trading Up 2.9%

STLD stock traded up $6.36 during midday trading on Friday, hitting $228.42. The stock had a trading volume of 1,143,815 shares, compared to its average volume of 1,304,821. The firm has a market cap of $33.06 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 0.44 and a beta of 1.53. 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, Inc. has a 1-year low of $119.89 and a 1-year high of $288.74. The business has a fifty day moving average price of $246.00 and a two-hundred day moving average price of $206.74.

Steel Dynamics (NASDAQ:STLD – Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The basic materials company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates 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 business posted $1.44 earnings per share. The business’s revenue was up 19.1% on a year-over-year basis. On average, sell-side analysts predict that Steel Dynamics, Inc. will post 16.73 earnings per share for the current fiscal year.

Steel Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were given a dividend of $0.53 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.12 annualized dividend and a dividend yield of 0.9%. Steel Dynamics’s dividend payout ratio is presently 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.