Empowered Funds LLC Buys Shares of 28,552 Steel Dynamics, Inc. $STLD

Posted by Francis Steltz on Aug 31st, 2026

Empowered Funds LLC purchased a new position in shares of Steel Dynamics, Inc. (NASDAQ:STLD – Free Report) during the second quarter, Holdings Channel reports. The institutional investor purchased 28,552 shares of the basic materials company’s stock, valued at approximately $6,552,000.

Several other institutional investors have also recently made changes to their positions in STLD. Meeder Asset Management Inc. bought a new stake in shares of Steel Dynamics in the second quarter valued at about $26,000. Prosperity Bancshares Inc bought a new stake in shares of Steel Dynamics in the 4th quarter valued at about $25,000. Caitlin John LLC acquired a new stake in Steel Dynamics in the second quarter valued at approximately $35,000. MV Capital Management Inc. acquired a new position in shares of Steel Dynamics during the fourth quarter worth $27,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of Steel Dynamics during the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Steel Dynamics Trading Down 0.0%

NASDAQ STLD opened at $234.66 on Monday. Steel Dynamics, Inc. has a 12-month low of $126.88 and a 12-month high of $288.74. The company has a fifty day simple moving average of $242.07 and a two-hundred day simple moving average of $223.77. The company has a current ratio of 3.18, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. The stock has a market cap of $33.63 billion, a P/E ratio of 21.27, a P/E/G ratio of 0.44 and a beta of 1.52.

Steel Dynamics (NASDAQ:STLD – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The basic materials company reported $3.69 earnings per share 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 firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period in the previous year, the company earned $2.01 earnings per share. The business’s quarterly revenue was up 33.4% compared to the same quarter last year. On average, analysts forecast that Steel Dynamics, Inc. will post 17.16 earnings per share for the current year.

Steel Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.12 dividend on an annualized basis and a yield of 0.9%. Steel Dynamics’s payout ratio is currently 19.22%.

Insiders Place Their Bets

In other Steel Dynamics news, SVP James Stanley Anderson sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the senior vice president owned 102,837 shares in the company, valued at approximately $27,632,301.90. The trade was a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays raised their price objective on Steel Dynamics from $270.00 to $272.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company decreased their price target on Steel Dynamics from $275.00 to $255.00 and set an “overweight” rating for the company in a research note on Monday, August 24th. Weiss Ratings raised Steel Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Morgan Stanley lowered their price target 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. Finally, JPMorgan Chase & Co. boosted their price target 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 issued a Hold rating to the company. Based on data from MarketBeat, Steel Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $257.27.

Get Our Latest Research Report on STLD

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.