STLD stock icon

Steel Dynamics
STLD

$126.62
0.9%

Market Cap: 19.9B

 

About: Steel Dynamics Inc operates scrap-based steel minimills with roughly 16 million tons of annual steel production capacity. The company's segment includes steel operations, metals recycling operations, steel fabrication operations, Aluminum Operations Segment, and others. It generates maximum revenue from the steel operations segment.

Employees: 12,600

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 8 analysts
0
News positive %
of 16 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 8 (+4) [Q1 2024]

39% more call options, than puts

Call options by funds: $255M | Put options by funds: $183M

22% more capital invested

Capital invested by funds: $15.4B [Q4 2023] → $18.7B (+$3.33B) [Q1 2024]

4% more repeat investments, than reductions

Existing positions increased: 274 | Existing positions reduced: 263

3% more first-time investments, than exits

New positions opened: 103 | Existing positions closed: 100

0% more funds holding

Funds holding: 746 [Q4 2023] → 749 (+3) [Q1 2024]

0.5% less ownership

Funds ownership: 80.5% [Q4 2023] → 80.01% (-0.5%) [Q1 2024]

Research analyst outlook

8 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$118
7%
downside
Avg. target
$133
5%
upside
High target
$160
26%
upside

8 analyst ratings

positive
13%
neutral
63%
negative
25%
JP Morgan
Bill Peterson
5%downside
$120
Underweight
Maintained
16 Jul 2024
B of A Securities
Lawson Winder
15%upside
$145
Neutral
Maintained
26 Jun 2024
BMO Capital
Katja Jancic
7%upside
$135
Market Perform
Maintained
18 Jun 2024
Jefferies
Christopher LeFemina
18%upside
$150
Hold
Initiated
20 May 2024
JP Morgan
Bill Peterson
7%downside
$118
Underweight
Maintained
16 Apr 2024

Financial journalist opinion

Based on 16 articles about STLD published over the past 30 days