Steel Dynamics (STLD) – Investment Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Steel Dynamics (NASDAQ: STLD) recently:

• 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.
• 4/29/2026 – Steel Dynamics was upgraded by Weiss Ratings from “hold (c)” to “buy (b-)”.
• 4/22/2026 – Steel Dynamics had its price target raised by Citigroup Inc. from $180.00 to $255.00. They now have a “buy” rating on the stock.
• 4/22/2026 – Steel Dynamics had its price target raised by BMO Capital Markets from $195.00 to $240.00. They now have an “outperform” rating on the stock.
• 4/22/2026 – Steel Dynamics had its price target raised by Wells Fargo & Company from $207.00 to $235.00. They now have an “overweight” rating on the stock.
• 4/22/2026 – Steel Dynamics had its price target raised by KeyCorp from $190.00 to $241.00. They now have an “overweight” rating on the stock.
• 4/18/2026 – Steel Dynamics was upgraded by Wall Street Zen from “hold” to “buy”.
• 4/15/2026 – Steel Dynamics had its price target raised by Wells Fargo & Company from $196.00 to $207.00. They now have an “overweight” rating on the stock.
• 4/14/2026 – Steel Dynamics had its price target raised by JPMorgan Chase & Co. from $192.00 to $205.00. They now have a “neutral” rating on the stock.
• 4/4/2026 – Steel Dynamics was downgraded by Wall Street Zen from “buy” to “hold”.
• 3/25/2026 – Steel Dynamics is now covered by KeyCorp. They set an “overweight” rating and a $190.00 price target on the stock.
• 3/18/2026 – Steel Dynamics had its price target lowered by JPMorgan Chase & Co. from $194.00 to $192.00. They now have a “neutral” rating on the stock.
• 3/18/2026 – Steel Dynamics had its price target lowered by Wells Fargo & Company from $210.00 to $196.00. They now have an “overweight” rating on the stock.
• 3/17/2026 – Steel Dynamics had its “buy” rating reaffirmed by Jefferies Financial Group Inc..
• 3/17/2026 – Steel Dynamics had its “underperform” rating reaffirmed by Morgan Stanley. They now have a $190.00 price target on the stock.
• 3/7/2026 – Steel Dynamics was downgraded by Wall Street Zen from “strong-buy” to “buy”.

Steel Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were issued a $0.53 dividend. The ex-dividend date was Tuesday, March 31st. This is an increase from Steel Dynamics’s previous quarterly dividend of $0.50. This represents a $2.12 dividend on an annualized basis and a yield of 0.9%. Steel Dynamics’s dividend payout ratio is presently 22.67%.

Insider Buying and Selling at Steel Dynamics

In related news, SVP Miguel Alvarez sold 4,825 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $225.58, for a total transaction of $1,088,423.50. Following the transaction, the senior vice president owned 122,257 shares in the company, valued at $27,578,734.06. The trade was a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth W. 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 transaction of $1,124,350.00. Following the completion of the sale, the director owned 31,299 shares of the company’s stock, valued at $7,038,206.13. The trade was a 13.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 6.60% of the company’s stock.

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.