Fintel reports that on March 31, 2025, BMO Capital upgraded their outlook for Steel Dynamics (NasdaqGS:STLD) from Market Perform to Outperform.
Analyst Price Forecast Suggests 19.93% Upside
As of March 19, 2025, the average one-year price target for Steel Dynamics is $148.68/share. The forecasts range from a low of $130.20 to a high of $173.25. The average price target represents an increase of 19.93% from its latest reported closing price of $123.97 / share.
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The projected annual revenue for Steel Dynamics is 16,162MM, a decrease of 7.86%. The projected annual non-GAAP EPS is 4.25.
What is the Fund Sentiment?
There are 1,613 funds or institutions reporting positions in Steel Dynamics. This is an decrease of 8 owner(s) or 0.49% in the last quarter. Average portfolio weight of all funds dedicated to STLD is 0.24%, an increase of 0.69%. Total shares owned by institutions increased in the last three months by 0.12% to 142,988K shares. 
The put/call ratio of STLD is 0.64, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 5,628K shares representing 3.75% ownership of the company. In its prior filing, the firm reported owning 5,177K shares , representing an increase of 8.02%. The firm decreased its portfolio allocation in STLD by 1.51% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,542K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 4,658K shares , representing a decrease of 2.55%. The firm decreased its portfolio allocation in STLD by 13.06% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 3,832K shares representing 2.56% ownership of the company. In its prior filing, the firm reported owning 3,759K shares , representing an increase of 1.92%. The firm decreased its portfolio allocation in STLD by 12.73% over the last quarter.
Geode Capital Management holds 3,688K shares representing 2.46% ownership of the company. In its prior filing, the firm reported owning 3,658K shares , representing an increase of 0.82%. The firm decreased its portfolio allocation in STLD by 54.01% over the last quarter.
Capital Research Global Investors holds 3,593K shares representing 2.40% ownership of the company. In its prior filing, the firm reported owning 2,777K shares , representing an increase of 22.70%. The firm increased its portfolio allocation in STLD by 15.79% over the last quarter.
Steel Dynamics Background Information
(This description is provided by the company.)
Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.
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