Keybanc Reiterates Buy Rating on Steel Dynamics, Inc.
Keybanc keeps its buy rating on Steel Dynamics, Inc. with a price target of $262, a 5.57% upside from the current price.
Key Points
- On June 24, 2026, Keybanc reiterated its buy rating for Steel Dynamics, Inc. (STLD) and set a price target of $262.
- Keybanc's $262 price target implies 5.57% upside from Steel Dynamics, Inc.'s ($STLD) current $248.18 share price.
- Steel Dynamics, Inc. trades on NasdaqGS with a market cap of $36.2 billion and a P/E ratio of 26.8.
- Major institutional investors like BlackRock and Vanguard have made significant changes to their holdings in Steel Dynamics, Inc.
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On June 24, 2026, Keybanc reiterated its buy rating for Steel Dynamics, Inc. (NasdaqGS: STLD). Analyst Samuel McKinney set a price target of $262 for the stock, indicating continued confidence in the company's future performance.
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Other Institutional Activity in Steel Dynamics, Inc.
BlackRock, Inc. grew its holdings in Steel Dynamics by 228,007 shares, bringing its total to nearly 12.4 million shares worth about $2.23 billion. Vanguard Capital Management opened a new position with 8,976,307 shares valued at approximately $1.62 billion. State Street Corp added 262,526 shares, ending with over 7.5 million shares valued at $1.36 billion. Vanguard Portfolio Management also initiated a new stake with 6,809,040 shares, valued at $1.23 billion. FMR LLC increased its stake by 1,359,650 shares to a total of 4,411,600 shares, worth around $794 million.
Steel Dynamics, Inc. Stock Up 5.8%
Shares of Steel Dynamics traded near $243 on Wednesday. The company has a market cap of $36.2 billion, a P/E ratio of 26.8, and a forward P/E of 13.7. With a beta of 1.522, the stock has seen a 52-week low of $119.89 and a high of $288.74. Its 50-day moving average is $238.42, while the 200-day moving average is $184.03. The company maintains a current ratio of 3.13 and a quick ratio of 1.204, with a debt-to-equity ratio of 45.99.
$STLD price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Steel Dynamics reported revenue of $19 billion, reflecting a growth of 19.1%. The company achieved an EPS of $9.35, with a net margin of 7.2% and a return on equity of 15.2%. The next earnings release is scheduled for July 20, 2026.
Dividend
Steel Dynamics offers an annual dividend rate of $2.12, yielding 0.85%. The dividend payout ratio stands at 21.76%.
Insider Buying and Selling at Steel Dynamics, Inc.
On June 5, 2026, Senior Vice President James Stanley Anderson sold 10,000 shares at an average price of $268.70. Earlier, on June 1, 2026, multiple insiders, including Traci Dolan and Bradley Seaman, each purchased 712 shares.
Analysts Set New Price Targets
On June 24, 2026, Keybanc maintained its buy rating with a $262 price target. On June 22, 2026, Morgan Stanley maintained a hold rating with a $270 target. Wells Fargo reiterated its buy rating with a $291 target on June 18, 2026. The consensus among analysts is a buy, with an average target price of $268.18 from 11 opinions.
About Steel Dynamics, Inc.
Steel Dynamics, Inc., based in Fort Wayne, Indiana, is a major steel producer and metal recycler in the United States. Founded in 1993, the company operates in sectors such as steel operations, metals recycling, steel fabrication, and aluminum operations, serving industries like construction, automotive, and energy. Led by CEO Mark D. Millett, Steel Dynamics employs approximately 14,400 people.
Bottom Line
Keybanc's reiterated buy rating and new price target for Steel Dynamics, Inc. reflects continued confidence in the company's prospects. Investors are watching closely as major funds adjust their positions in the company. While the 13F filings are backward-looking, they provide insight into institutional sentiment toward Steel Dynamics.
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