JPMorgan Chase & Co. Cuts Steel Dynamics (NASDAQ:STLD) Price Target to $272.00

Steel Dynamics (NASDAQ:STLD) had its price objective reduced by JPMorgan Chase & Co. from $273.00 to $272.00 in a report issued on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the basic materials company’s stock.

Several other equities analysts have also recently issued reports on STLD. KeyCorp restated an “overweight” rating on shares of Steel Dynamics in a research note on Wednesday, July 22nd. Wells Fargo & Company boosted their target price on shares of Steel Dynamics from $255.00 to $257.00 and gave the company an “overweight” rating in a research note on Friday. 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. UBS Group raised their price target on shares of Steel Dynamics from $165.00 to $276.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, The Goldman Sachs Group began 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $258.55.

Steel Dynamics Stock Performance

Shares of NASDAQ STLD opened at $235.26 on Friday. The stock’s 50 day moving average price is $244.07 and its two-hundred day moving average price is $228.50. Steel Dynamics has a 52-week low of $134.87 and a 52-week high of $288.74. The stock has a market capitalization of $33.72 billion, a P/E ratio of 21.33, a PEG ratio of 0.41 and a beta of 1.50. The company has a quick ratio of 1.45, a current ratio of 3.18 and a debt-to-equity ratio of 0.45.

Steel Dynamics (NASDAQ:STLD) last released its earnings results on Tuesday, July 21st. The basic materials company reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.06. Steel Dynamics had a return on equity of 18.12% and a net margin of 7.83%.The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter last year, the business posted $2.01 EPS. Steel Dynamics’s quarterly revenue was up 33.4% compared to the same quarter last year. On average, analysts anticipate that Steel Dynamics will post 18.58 earnings per share for the current fiscal year.

Steel Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, September 30th. Steel Dynamics’s dividend payout ratio is presently 19.22%.

Institutional Investors Weigh In On Steel Dynamics

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Steel Dynamics in the 2nd quarter valued at about $2,844,501,000. Life Cycle Investment Partners Ltd bought a new position in Steel Dynamics in the 4th quarter worth about $586,702,000. Norges Bank bought a new position in Steel Dynamics in the 4th quarter worth about $564,590,000. Bank of America Corp DE acquired a new stake in shares of Steel Dynamics in the second quarter valued at approximately $264,212,000. Finally, Boston Partners increased its stake in shares of Steel Dynamics by 147.9% in the fourth quarter. Boston Partners now owns 1,793,630 shares of the basic materials company’s stock valued at $303,970,000 after purchasing an additional 1,070,042 shares during the period. 82.41% of the stock is owned by institutional investors and hedge funds.

More Steel Dynamics News

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

• Positive Sentiment: Management projected third-quarter diluted EPS of $5.34–$5.38, representing both year-over-year and sequential earnings growth. The company cited record steel shipments, higher realized selling prices, lower scrap costs, strong customer demand and a nearly 50% year-over-year increase in its steel-fabrication backlog. Steel Dynamics Provides Third Quarter 2026 Earnings Guidance
• Positive Sentiment: Wells Fargo remained constructive on potential margin upside despite the guidance shortfall, while analysts’ published price targets remain above the current trading level. Steel Dynamics also repurchased approximately $261 million of stock during the quarter, supporting per-share value. STLD Gets Street Backing Despite Lower Guidance
• Positive Sentiment: Technical commentary had recently identified STLD breaking above its 50-day moving average, suggesting underlying momentum before the guidance-driven decline. Steel Dynamics Recently Broke Out Above the 50-Day Moving Average
• Neutral Sentiment: JPMorgan lowered its price target modestly from $273 to $272 and kept a neutral rating. The target still implies meaningful upside, but the revised stance signals limited near-term conviction.
• Negative Sentiment: The EPS outlook was below consensus estimates reported between approximately $5.50 and $5.66. Because steel shares had performed strongly, investors appeared to interpret the guidance as a miss against high expectations rather than as evidence of deteriorating operations. Steel Dynamics Slides as Third-Quarter Outlook Misses Expectations
• Negative Sentiment: Canada’s reported 50% tariff on U.S. steel added pressure by creating uncertainty around cross-border shipments, pricing and margins for Steel Dynamics and other domestic steelmakers. Steel Dynamics Stock Falls as Canada Tariffs and Weak Guidance Hit Hard
• Negative Sentiment: Recent insider activity showed 13 open-market sales and no purchases over six months. While such transactions may reflect scheduled or personal selling, the one-sided pattern can weigh on sentiment.

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.