Steel Dynamics Q2 EPS Forecast Increased by Zacks Research

Steel Dynamics, Inc. (NASDAQ:STLD) – Investment analysts at Zacks Research raised their Q2 2026 earnings per share (EPS) estimates for Steel Dynamics in a research note issued to investors on Friday, November 7th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $3.24 per share for the quarter, up from their previous forecast of $3.01. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.01 per share. Zacks Research also issued estimates for Steel Dynamics’ Q3 2026 earnings at $3.35 EPS, FY2026 earnings at $11.62 EPS and Q3 2027 earnings at $5.75 EPS.

A number of other analysts have also issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Steel Dynamics in a research note on Wednesday, October 8th. BMO Capital Markets boosted their price objective on shares of Steel Dynamics from $155.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. upped their target price on shares of Steel Dynamics from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th. KeyCorp raised their target price on shares of Steel Dynamics from $152.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Morgan Stanley lifted their price target on shares of Steel Dynamics from $145.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.11.

Steel Dynamics Stock Performance

Shares of Steel Dynamics stock opened at $152.43 on Monday. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average is $143.66 and its two-hundred day moving average is $134.95. Steel Dynamics has a 52 week low of $103.17 and a 52 week high of $164.73. The company has a market capitalization of $22.26 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.45.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Tuesday, October 21st. The basic materials company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.11. Steel Dynamics had a return on equity of 12.89% and a net margin of 6.39%.The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis.

Steel Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.3%. Steel Dynamics’s dividend payout ratio (DPR) is currently 26.49%.

Insider Transactions at Steel Dynamics

In related news, SVP Miguel Alvarez sold 8,251 shares of Steel Dynamics stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $162.79, for a total transaction of $1,343,180.29. Following the transaction, the senior vice president directly owned 117,068 shares of the company’s stock, valued at $19,057,499.72. This trade represents a 6.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Steel Dynamics

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its stake in shares of Steel Dynamics by 10.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 35,533 shares of the basic materials company’s stock worth $4,462,000 after purchasing an additional 3,382 shares during the last quarter. Cerity Partners LLC grew its stake in Steel Dynamics by 5.4% in the first quarter. Cerity Partners LLC now owns 77,507 shares of the basic materials company’s stock valued at $9,694,000 after purchasing an additional 3,959 shares during the last quarter. Ballentine Partners LLC bought a new position in Steel Dynamics in the first quarter worth about $248,000. Kathmere Capital Management LLC lifted its position in shares of Steel Dynamics by 9.5% during the first quarter. Kathmere Capital Management LLC now owns 2,720 shares of the basic materials company’s stock valued at $340,000 after buying an additional 236 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Steel Dynamics by 15.1% during the first quarter. New York State Common Retirement Fund now owns 95,112 shares of the basic materials company’s stock valued at $11,897,000 after buying an additional 12,500 shares during the last quarter. Institutional investors own 82.41% of the company’s stock.

About Steel Dynamics

Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products.