Steel Dynamics, Inc. (NASDAQ:STLD – Get Free Report) Director Kenneth Cornew sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $224.87, for a total value of $1,124,350.00. Following the transaction, the director owned 31,299 shares in the company, valued at $7,038,206.13. This represents a 13.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Steel Dynamics Price Performance
STLD stock traded up $1.98 during mid-day trading on Friday, reaching $227.03. 758,239 shares of the company’s stock were exchanged, compared to its average volume of 1,295,118. The company has a market cap of $32.86 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 0.58 and a beta of 1.39. The stock’s 50 day moving average is $187.15 and its 200 day moving average is $173.92. Steel Dynamics, Inc. has a 12-month low of $119.89 and a 12-month high of $229.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.13 and a quick ratio of 1.29.
Steel Dynamics (NASDAQ:STLD – Get Free Report) last released its earnings results on Wednesday, April 22nd. The basic materials company reported $2.78 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.01). The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Steel Dynamics had a net margin of 7.22% and a return on equity of 15.54%. The business’s revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.44 EPS. On average, research analysts expect that Steel Dynamics, Inc. will post 14.41 EPS for the current year.
Steel Dynamics Increases Dividend
Steel Dynamics News Summary
Here are the key news stories impacting Steel Dynamics this week:
- Positive Sentiment: Citigroup raised its price target to $255, signaling confidence in STLD’s earnings power and margin outlook, which likely supports continued buying interest. Citigroup Raises Steel Dynamics (NASDAQ:STLD) Price Target to $255.00
- Positive Sentiment: KeyCorp boosted its price target to $241, another institutional upgrade that reinforces momentum from the rally. KeyCorp Raises Steel Dynamics (NASDAQ:STLD) Price Target to $241.00
- Positive Sentiment: BMO Capital Markets published a bullish forecast for strong price appreciation, adding to the wave of buy-side optimism. BMO Capital Markets Forecasts Strong Price Appreciation for Steel Dynamics (NASDAQ:STLD) Stock
- Positive Sentiment: Wells Fargo reiterated a bullish stance (and has raised its target in coverage), contributing to the analyst momentum behind the stock. Wells Fargo Raises Steel Dynamics (STLD) Price Target to $207, Stays Bullish on Steel
- Positive Sentiment: Q1 operating commentary: record shipments, rising profits and a constructive outlook drove an all‑time high and prompted analysts to lift targets — the core operational beat is the primary reason shares have rallied. Steel Dynamics Inc (STLD) Q1 2026 Earnings Call Highlights: Record Shipments and Robust …
- Positive Sentiment: Market recognition: STLD joined an “elite” list with a 95+ composite rating, supporting momentum as quant and model‑driven funds notice the stock. Steel Dynamics joins elite list of stocks with 95-plus composite rating
- Neutral Sentiment: Some analysts remain conflicted on materials names, offering caution that sector dynamics vary by company and end‑market exposure. Analysts Conflicted on These Materials Names: Steel Dynamics (STLD) and PPG Industries (PPG)
- Neutral Sentiment: Context on tariffs: tariffs have boosted domestic demand for some mills, but results have diverged across producers — useful for framing sector risk rather than an immediate STLD catalyst. Tariffs Rose: 1 Steelmaker Thrived, 1 Still Struggles
- Negative Sentiment: Recall the firm’s formal Q1 release showed a tiny EPS miss and revenue below consensus — those execution metrics could cap upside if demand softens or costs rise. Steel Dynamics surges to all-time high on rising Q1 profit, positive outlook
Analyst Ratings Changes
A number of equities analysts recently commented on STLD shares. JPMorgan Chase & Co. lifted their price objective on Steel Dynamics from $192.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 14th. Morgan Stanley reiterated an “underperform” rating and set a $190.00 price objective on shares of Steel Dynamics in a research report on Tuesday, March 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Steel Dynamics in a research report on Monday, December 29th. Wells Fargo & Company lifted their price objective on Steel Dynamics from $207.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, BMO Capital Markets lifted their price objective on Steel Dynamics from $195.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $210.33.
View Our Latest Research Report on Steel Dynamics
Institutional Investors Weigh In On Steel Dynamics
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jacobi Capital Management LLC increased its stake in Steel Dynamics by 1.6% during the fourth quarter. Jacobi Capital Management LLC now owns 3,533 shares of the basic materials company’s stock worth $599,000 after acquiring an additional 55 shares during the last quarter. Optas LLC increased its stake in Steel Dynamics by 3.0% during the fourth quarter. Optas LLC now owns 1,979 shares of the basic materials company’s stock worth $335,000 after acquiring an additional 58 shares during the last quarter. Hohimer Wealth Management LLC increased its stake in Steel Dynamics by 1.1% during the fourth quarter. Hohimer Wealth Management LLC now owns 5,708 shares of the basic materials company’s stock worth $967,000 after acquiring an additional 61 shares during the last quarter. Versant Capital Management Inc increased its stake in Steel Dynamics by 13.2% during the third quarter. Versant Capital Management Inc now owns 548 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 64 shares during the last quarter. Finally, Wright Investors Service Inc. increased its stake in Steel Dynamics by 1.2% during the fourth quarter. Wright Investors Service Inc. now owns 5,555 shares of the basic materials company’s stock worth $941,000 after acquiring an additional 64 shares during the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.
Steel Dynamics Company Profile
Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.
The company’s product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.
Further Reading
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