A number of firms have modified their ratings and price targets on shares of Steel Dynamics (NASDAQ: STLD) recently:
- 6/24/2026 – Steel Dynamics had its price target raised by KeyCorp from $241.00 to $262.00. They now have an “overweight” rating on the stock.
- 6/22/2026 – Steel Dynamics had its price target raised by Morgan Stanley from $227.00 to $270.00. They now have an “equal weight” rating on the stock.
- 6/18/2026 – Steel Dynamics was upgraded by Weiss Ratings from “buy (b-)” to “buy (b)”.
- 6/18/2026 – Steel Dynamics had its price target lowered by Wells Fargo & Company from $293.00 to $291.00. They now have an “overweight” rating on the stock.
- 6/18/2026 – Steel Dynamics had its price target lowered by Bank of America Corporation from $285.00 to $280.00. They now have a “neutral” rating on the stock.
- 6/4/2026 – Steel Dynamics had its price target raised by Wells Fargo & Company from $235.00 to $293.00. They now have an “overweight” rating on the stock.
- 5/21/2026 – Steel Dynamics is now covered by Barclays PLC. They set an “overweight” rating and a $270.00 price target on the stock.
- 5/21/2026 – Steel Dynamics was upgraded by Barclays PLC to “strong-buy”.
- 4/30/2026 – Steel Dynamics was downgraded by Bank of America Corporation from “buy” to “neutral”. They now have a $250.00 price target on the stock.
Steel Dynamics Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a $0.53 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.12 annualized dividend and a yield of 0.9%. Steel Dynamics’s payout ratio is 22.67%.
Insider Activity at Steel Dynamics
In other news, SVP James Stanley Anderson sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $268.70, for a total value of $2,687,000.00. Following the completion of the sale, the senior vice president directly owned 102,837 shares of the company’s stock, valued at approximately $27,632,301.90. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kenneth W. Cornew sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $224.87, for a total transaction of $1,124,350.00. Following the completion of the sale, the director directly owned 31,299 shares of the company’s stock, valued at approximately $7,038,206.13. This represents a 13.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 22,125 shares of company stock worth $5,438,226. 6.60% of the stock is currently owned by insiders.
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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