Steel Dynamics (STLD)

• Market cap: $17.6B
• 1 day: 0.35%
• 5 days: -4.20%
• 1 month: -19.68%
• 3 months: -3.45%
• 6 months: -7.95%
• Year to date: -2.71%
• 1 year: -3.81%
• 5 years: 231.21%
• 10 years: 503.81%
• Sector: Materials
• Industry: Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

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 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 6 (+3) [Q3]

43% more call options, than puts

Call options by funds: $291M | Put options by funds: $204M

6% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 87

1% more funds holding

Funds holding: 765 [Q2] → 770 (+5) [Q3]

5.31% less ownership

Funds ownership: 83.59% [Q2] → 78.28% (-5.31%) [Q3]

10% less capital invested

Capital invested by funds: $17B [Q2] → $15.2B (-$1.77B) [Q3]

18% less repeat investments, than reductions

Existing positions increased: 254 | Existing positions reduced: 311

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $134 16% upside
• Avg. target: $146 26% upside
• High target: $155 34% upside

7 analyst ratings

• positive: 3 43%
• neutral: 4 57%
• negative: 0 0%

Citigroup Alexander Hacking 50% 1-year accuracy 5 / 10 met price target	25% upside $145	Buy Maintained	19 Dec 2024
UBS Andrew Jones 0 / 0 met price target	29% upside $149	Neutral Downgraded	12 Dec 2024
Goldman Sachs Mike Harris 0% 1-year accuracy 0 / 3 met price target	34% upside $155	Neutral Initiated	2 Dec 2024
Seaport Global Martin Englert 50% 1-year accuracy 2 / 4 met price target	30% upside $150	Buy Maintained	18 Oct 2024
JP Morgan Bill Peterson 38% 1-year accuracy 10 / 26 met price target	16% upside $134	Neutral Maintained	18 Oct 2024