Steel Dynamics (NASDAQ:STLD – Get Free Report) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.510-3.550 for the period, compared to the consensus earnings per share estimate of 4.170. The company issued revenue guidance of -.
Steel Dynamics Price Performance
Shares of NASDAQ STLD opened at $270.13 on Thursday. Steel Dynamics has a fifty-two week low of $119.89 and a fifty-two week high of $288.74. The business has a 50 day moving average price of $236.34 and a two-hundred day moving average price of $199.19. The company has a quick ratio of 1.33, a current ratio of 3.13 and a debt-to-equity ratio of 0.46. The firm has a market cap of $39.09 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 0.55 and a beta of 1.50.
Steel Dynamics (NASDAQ:STLD – Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The basic materials company reported $2.78 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.01). Steel Dynamics had a net margin of 7.22% and a return on equity of 15.54%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter last year, the business earned $1.44 EPS. Steel Dynamics’s revenue for the quarter was up 19.1% compared to the same quarter last year. Sell-side analysts expect that Steel Dynamics will post 15.85 earnings per share for the current fiscal year.
Steel Dynamics Dividend Announcement
Analyst Upgrades and Downgrades
A number of research analysts have commented on STLD shares. Bank of America downgraded Steel Dynamics from a “buy” rating to a “neutral” rating and set a $250.00 target price on the stock. in a report on Thursday, April 30th. BMO Capital Markets lifted their target price on Steel Dynamics from $195.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Morgan Stanley reaffirmed an “underperform” rating and set a $190.00 target price on shares of Steel Dynamics in a research note on Tuesday, March 17th. Wall Street Zen raised Steel Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Finally, Wells Fargo & Company lifted their target price on Steel Dynamics from $235.00 to $293.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Steel Dynamics presently has an average rating of “Moderate Buy” and an average target price of $224.64.
Check Out Our Latest Stock Analysis on STLD
Insider Buying and Selling
In other news, SVP Richard A. Poinsatte sold 2,300 shares of Steel Dynamics stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $234.11, for a total transaction of $538,453.00. Following the transaction, the senior vice president owned 28,618 shares in the company, valued at approximately $6,699,759.98. The trade was a 7.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth W. Cornew sold 5,000 shares of Steel Dynamics stock in a transaction on Thursday, April 23rd. The shares were 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 22,125 shares of company stock valued at $5,438,227. Insiders own 6.60% of the company’s stock.
Institutional Trading of Steel Dynamics
Institutional investors have recently bought and sold shares of the company. Prosperity Bancshares Inc acquired a new stake in Steel Dynamics during the fourth quarter valued at $25,000. DV Equities LLC acquired a new stake in shares of Steel Dynamics in the fourth quarter worth about $33,000. Strive Financial Group LLC acquired a new stake in shares of Steel Dynamics in the fourth quarter worth about $34,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Steel Dynamics in the third quarter worth about $46,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Steel Dynamics in the second quarter worth about $52,000. Institutional investors and hedge funds own 82.41% of the company’s stock.
About Steel Dynamics
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.
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