Highland Capital Management 13F: New $4.6M Stake in STLD

Highland Capital Management has taken a new position in Steel Dynamics, Inc. (STLD), acquiring 20,595 shares valued at approximately $4.56 million. This was disclosed in a filing on October 26, 2026.

STLD Steel Dynamics, Inc.

$241.07 ▲ +37.99% year to date

1M 3M YTD

Daily close · Oct 26, 2026

What Changed in Highland Capital Management's Steel Dynamics Position

Highland Capital Management opened a new position in Steel Dynamics, adding 20,595 shares to its portfolio. This new stake is valued at $4,564,058 and represents 0.55% of the fund's total reported value of $833,056,275.

Where Steel Dynamics Fits in Highland Capital Management's Portfolio

Steel Dynamics ranks 23rd out of 415 positions in Highland Capital Management's portfolio. The new stake reflects a significant investment in the company, contributing to the overall diversification of the fund's holdings.

Steel Dynamics, Inc. Stock Down 1.7%

Steel Dynamics shares were recently trading around $237.53, just about equal to the $237.55 closing price on October 26, 2026. The stock is currently above its 50-day moving average by about 0.2% and well above its 52-week low of $150.03, but 17.7% below its 52-week high of $288.74.

Recent Earnings

Steel Dynamics reported trailing twelve-month revenue of about $22.22 billion and an EPS of $13.54. The company has a net margin of 8.8% and a return on equity of 20.8%. The next earnings report is scheduled for January 25, 2027.

Dividend

Steel Dynamics has an annual dividend rate of $2.12, which gives it a yield of 0.89%. The dividend payout ratio is 18.7%.

Insider Buying and Selling at Steel Dynamics, Inc.

Several insiders have sold shares of Steel Dynamics recently. Kenneth W. Cornew, a Director, sold 5,000 shares on April 23, 2026, valued at about $1,124,358. Other officers also sold shares in May and June, totaling around 23,300 shares sold before the current filing.

Analysts Set New Price Targets

On October 9, 2026, JP Morgan maintained a Neutral rating on Steel Dynamics with a price target of $260. Barclays also maintained its Overweight rating on October 19, setting a target of $285. The consensus from analysts suggests a mean target price of around $272.68, with 14 analyst opinions supporting a buy recommendation.

About Steel Dynamics, Inc.

Steel Dynamics, Inc. is a leading steel producer and metal recycler in the U.S., operating through various segments that include steel operations and metals recycling. This new investment by Highland Capital Management reflects confidence in the company's growth potential.

Bottom Line

Investors should keep an eye on Steel Dynamics as it prepares for its next earnings report on January 25, 2027. Highland Capital Management's new stake adds to the interest in the stock, especially as analysts maintain favorable ratings and price targets.