Steel Dynamics, Inc. (NASDAQ:STLD – Get Free Report) Director Kenneth Cornew sold 5,000 shares of the firm’s stock in a transaction 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 sale, the director directly owned 31,299 shares of the company’s stock, valued at approximately $7,038,206.13. This trade represents a 13.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Steel Dynamics Trading Up 0.9%
STLD stock traded up $1.98 during midday trading on Friday, hitting $227.03. 758,239 shares of the company’s stock were exchanged, compared to its average volume of 1,295,118. The business has a 50-day simple moving average of $187.15 and a two-hundred day simple moving average of $173.92. The company has a current ratio of 3.13, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $32.86 billion, a PE ratio of 24.28, a P/E/G ratio of 0.58 and a beta of 1.39. Steel Dynamics, Inc. has a 1-year low of $119.89 and a 1-year high of $229.00.
Steel Dynamics (NASDAQ:STLD – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. 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 firm had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. On average, sell-side analysts predict that Steel Dynamics, Inc. will post 14.41 EPS for the current fiscal year.
Steel Dynamics Increases Dividend
Institutional Trading of Steel Dynamics
A number of institutional investors have recently bought and sold shares of the business. James Investment Research Inc. lifted its holdings in Steel Dynamics by 39.1% during the 1st quarter. James Investment Research Inc. now owns 10,828 shares of the basic materials company’s stock worth $1,949,000 after buying an additional 3,041 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in Steel Dynamics by 6.4% during the 1st quarter. IFM Investors Pty Ltd now owns 27,519 shares of the basic materials company’s stock worth $4,953,000 after buying an additional 1,657 shares during the last quarter. Inspire Investing LLC lifted its holdings in Steel Dynamics by 4.1% during the 1st quarter. Inspire Investing LLC now owns 16,626 shares of the basic materials company’s stock worth $2,993,000 after buying an additional 659 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in Steel Dynamics by 74.3% during the 1st quarter. Apollon Wealth Management LLC now owns 7,353 shares of the basic materials company’s stock worth $1,324,000 after buying an additional 3,135 shares during the last quarter. Finally, Patton Fund Management Inc. lifted its holdings in Steel Dynamics by 1,714.8% during the 1st quarter. Patton Fund Management Inc. now owns 23,484 shares of the basic materials company’s stock worth $4,227,000 after buying an additional 22,190 shares during the last quarter. 82.41% of the stock is owned by hedge funds and other institutional investors.
Key Steel Dynamics News
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
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on STLD shares. Wells Fargo & Company lifted their price objective on Steel Dynamics from $207.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley reaffirmed an “underperform” rating and issued a $190.00 price objective on shares of Steel Dynamics in a research note on Tuesday, March 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Steel Dynamics in a research note on Tuesday, March 17th. JPMorgan Chase & Co. lifted their price objective on Steel Dynamics from $192.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, April 14th. Finally, Wall Street Zen upgraded Steel Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Steel Dynamics currently has an average rating of “Hold” and a consensus target price of $210.33.
Read Our Latest Stock Report on Steel Dynamics
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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