FTSE 100 today: Index rises, GBP flat; Mitchells & Butlers jumps, Whitbread falls
Steel Dynamics Inc. (STLD) reached an all-time high, with its stock price climbing to $165.46 USD. This milestone reflects a significant upward trend, with the stock posting an impressive 42.94% gain year-to-date and 29.58% over the past six months. According to InvestingPro data, the company is currently trading near its Fair Value, suggesting the market is efficiently pricing this steel producer. The robust performance underscores investor confidence and the company’s strong market position, contributing to its record-breaking achievement. With a "GOOD" financial health rating from InvestingPro, Steel Dynamics has maintained dividend payments for 22 consecutive years and raised its dividend for 13 years straight. Investors seeking similar opportunities can access comprehensive Pro Research Reports on 1,400+ US equities, providing clear, actionable intelligence through intuitive visuals and expert analysis.
In other recent news, Steel Dynamics has completed an $800 million notes offering, including $650 million of 4.000% Notes due 2028 and $150 million of 5.250% Notes due 2035. The proceeds from this offering are intended to redeem $400 million of 5.000% Notes due 2026 and for general corporate purposes. Fitch Ratings has assigned a ’BBB+’ rating to these new notes, reflecting confidence in the company’s ability to maintain EBITDA leverage below 1.8x and EBITDA margins at or above 14%. Additionally, Steel Dynamics has appointed Matt Bell as Vice President of Metals Recycling and President of OmniSource, effective immediately. Bell has been with the company since 2016 and previously served as Vice President of Commercial for OmniSource. In another development, KeyBanc has raised its price target for Steel Dynamics to $165 from $152, maintaining an Overweight rating on the stock. The firm adjusted its fourth-quarter 2025 estimates to account for normal seasonality and tighter steel spreads.
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