Steel Dynamics (STLD)

• Market cap: $19.9B
• 1 day: -3.23%
• 5 days: -1.95%
• 1 month: 4.83%
• 3 months: -9.83%
• 6 months: 9.79%
• Year to date: 16.78%
• 1 year: 7.10%
• 5 years: 340.25%
• 10 years: 571.00%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

92% more call options, than puts

Call options by funds: $368M | Put options by funds: $191M

13% more first-time investments, than exits

New positions opened: 104 | Existing positions closed: 92

1.41% more ownership

Funds ownership: 78.95% [Q3] → 80.36% (+1.41%) [Q4]

0% more repeat investments, than reductions

Existing positions increased: 273 | Existing positions reduced: 273

2% less funds holding

Funds holding: 771 [Q3] → 753 (-18) [Q4]

9% less capital invested

Capital invested by funds: $15.4B [Q3] → $14B (-$1.4B) [Q4]

17% less funds holding in top 10

Funds holding in top 10: 6 [Q3] → 5 (-1) [Q4]

Research analyst outlook

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

• Low target: $132 1% upside
• Avg. target: $147 12% upside
• High target: $155 19% upside

7 analyst ratings

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

Keybanc Philip Gibbs 60% 1-year accuracy 12 / 20 met price target	19% upside $155	Overweight Upgraded	11 Feb 2025
Morgan Stanley Carlos De Alba 38% 1-year accuracy 9 / 24 met price target	11% upside $145	Equal-Weight Maintained	3 Feb 2025
Jefferies Christopher LeFemina 67% 1-year accuracy 4 / 6 met price target	11% upside $145	Buy Upgraded	24 Jan 2025
JP Morgan Bill Peterson 44% 1-year accuracy 14 / 32 met price target	1% upside $132	Neutral Maintained	17 Jan 2025
Citigroup Alexander Hacking 67% 1-year accuracy 6 / 9 met price target	11% upside $145	Buy Maintained	19 Dec 2024