Steel DynamicsSTLD
Market Cap: $17.1B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
47% more call options, than puts
Call options by funds: $272M | Put options by funds: $185M
19% more repeat investments, than reductions
Existing positions increased: 304 | Existing positions reduced: 256
4% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 83
0% more funds holding
Funds holding: 759 [Q1] → 762 (+3) [Q2]
0.12% more ownership
Funds ownership: 81.53% [Q1] → 81.65% (+0.12%) [Q2]
13% less capital invested
Capital invested by funds: $19.1B [Q1] → $16.6B (-$2.46B) [Q2]
63% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 3 (-5) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
UBS Curt Woodworth 29% 1-year accuracy 4 / 14 met price target | 31%upside $145 | Buy Upgraded | 3 Sept 2024 |
Morgan Stanley Carlos De Alba 31% 1-year accuracy 8 / 26 met price target | 24%upside $138 | Equal-Weight Maintained | 15 Aug 2024 |
JP Morgan Bill Peterson 26% 1-year accuracy 5 / 19 met price target | 8%upside $120 | Underweight Maintained | 16 Jul 2024 |
B of A Securities Lawson Winder 42% 1-year accuracy 5 / 12 met price target | 31%upside $145 | Neutral Maintained | 26 Jun 2024 |
BMO Capital Katja Jancic 11% 1-year accuracy 1 / 9 met price target | 22%upside $135 | Market Perform Maintained | 18 Jun 2024 |
Financial journalist opinion
Based on 6 articles about STLD published over the past 30 days