Steel Dynamics (NASDAQ:STLD) Given New $272.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan cut Steel Dynamics’ price target slightly from $273 to $272 while maintaining a neutral rating, implying 16.13% upside from the prior close.
• Analyst sentiment remains generally positive, with eight Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $258.55.
• Shares fell 4.5% to $234.22 despite the company beating quarterly earnings and revenue estimates; institutional investors own 82.41% of the stock.

Steel Dynamics (NASDAQ:STLD - Get Free Report) had its price objective cut by JPMorgan Chase & Co. from $273.00 to $272.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a "neutral" rating on the basic materials company's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 16.13% from the stock's previous close.

Several other equities analysts have also recently issued reports on the company. Morgan Stanley reduced their price objective on Steel Dynamics from $270.00 to $260.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 22nd. KeyCorp reiterated an "overweight" rating on shares of Steel Dynamics in a research note on Wednesday, July 22nd. Barclays increased their target price on shares of Steel Dynamics from $270.00 to $272.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Wells Fargo & Company lifted their price target on shares of Steel Dynamics from $255.00 to $257.00 and gave the company an "overweight" rating in a report on Friday. Finally, The Goldman Sachs Group assumed coverage on shares of Steel Dynamics in a report on Wednesday, July 29th. They issued a "buy" rating and a $300.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $258.55.

Steel Dynamics Stock Down 4.5%

NASDAQ:STLD traded down $11.13 during mid-day trading on Friday, reaching $234.22. The stock had a trading volume of 674,871 shares, compared to its average volume of 1,221,830. The company has a market capitalization of $33.57 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 0.42 and a beta of 1.50. Steel Dynamics has a 1-year low of $134.87 and a 1-year high of $288.74. The stock's 50 day simple moving average is $243.93 and its two-hundred day simple moving average is $228.26. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.18 and a quick ratio of 1.45.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The basic materials company reported $3.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.06. The firm had revenue of $6.09 billion for the quarter, compared to analysts' expectations of $5.56 billion. Steel Dynamics had a return on equity of 18.12% and a net margin of 7.83%.Steel Dynamics's revenue for the quarter was up 33.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.01 earnings per share. Equities analysts anticipate that Steel Dynamics will post 18.58 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Baird Financial Group Inc. boosted its holdings in Steel Dynamics by 9.9% in the second quarter. Baird Financial Group Inc. now owns 187,906 shares of the basic materials company's stock worth $43,117,000 after purchasing an additional 16,930 shares in the last quarter. Sapient Capital LLC raised its holdings in Steel Dynamics by 34.6% during the second quarter. Sapient Capital LLC now owns 447,664 shares of the basic materials company's stock valued at $102,958,000 after buying an additional 115,080 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Steel Dynamics in the second quarter worth about $2,844,501,000. OP Asset Management Ltd acquired a new stake in shares of Steel Dynamics in the first quarter worth about $2,568,000. Finally, Knights of Columbus Asset Advisors LLC boosted its stake in shares of Steel Dynamics by 93.3% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 30,808 shares of the basic materials company's stock worth $5,220,000 after acquiring an additional 14,873 shares in the last quarter. Institutional investors and hedge funds own 82.41% of the company's stock.

Steel Dynamics News Roundup

Here are the key news stories impacting Steel Dynamics this week:

• Positive Sentiment: Steel Dynamics expects third-quarter diluted EPS of $5.34 to $5.38, reflecting continued earnings growth supported by strong steel demand, record shipments, higher selling prices, stronger margins and lower scrap costs. Steel Dynamics Provides Third Quarter 2026 Earnings Guidance
• Positive Sentiment: From a technical perspective, STLD recently moved above its 50-day moving average after finding support, a signal that could indicate renewed short-term momentum. Steel Dynamics Recently Broke Out Above the 50-Day Moving Average
• Positive Sentiment: Analysts and momentum-focused coverage remain constructive after STLD significantly outperformed the S&P 500 over the past year, while the company’s operating outlook continues to benefit from robust steel demand.
• Neutral Sentiment: The guidance represents expected sequential and year-over-year earnings growth, but investors are weighing the quality of that growth against external trade risks and expectations already embedded in the stock’s valuation.
• Negative Sentiment: The EPS outlook is below the consensus estimate of $5.66, raising concerns that near-term results may not meet the high expectations reflected in STLD’s share price. Steel Dynamics Issues Third-Quarter Earnings Guidance Below Street Views
• Negative Sentiment: Canada’s reported 50% tariff on U.S. steel creates a material risk for Steel Dynamics’ cross-border demand, pricing and margins, contributing to the stock’s decline. Steel Dynamics Stock Drops on Canadian Tariffs and Disappointing Q3 Outlook

Steel Dynamics Company Profile

Steel Dynamics, Inc is a steel producer and metals recycler headquartered in Fort Wayne, Indiana. Founded in 1993, the company operates electric arc furnaces that use recycled steel and other metallic inputs to manufacture a broad range of steel products. Its customers include companies in the construction, automotive, manufacturing, transportation, energy and appliance industries.

Steel Dynamics' steel operations produce flat-rolled steel, structural steel, rail, engineered bar products and other specialty steel products.

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