Steel Dynamics (NASDAQ:STLD) Posts Earnings Results, Beats Expectations By $0.06 EPS

22 Jul 2026, 13:02 by Sarita Garza · The Markets Daily

Steel Dynamics (NASDAQ:STLD – Get Free Report) announced its quarterly earnings data on Monday. The basic materials company reported $3.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.06, Briefing.com reports. The company had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $5.56 billion. Steel Dynamics had a net margin of 7.83% and a return on equity of 18.30%. The firm’s revenue was up 33.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.01 EPS.

Steel Dynamics Price Performance

Shares of Steel Dynamics stock opened at $233.52 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 3.13 and a debt-to-equity ratio of 0.46. The company has a market cap of $33.80 billion, a PE ratio of 21.17, a P/E/G ratio of 0.44 and a beta of 1.53. The business has a 50 day moving average of $245.85 and a 200 day moving average of $209.92. Steel Dynamics has a 52 week low of $119.89 and a 52 week high of $288.74.

Steel Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.12 annualized dividend and a dividend yield of 0.9%. Steel Dynamics’s payout ratio is 22.67%.

Insiders Place Their Bets

In other Steel Dynamics news, SVP James Stanley Anderson sold 10,000 shares of the company’s stock in a transaction on 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 transaction, the senior vice president directly owned 102,837 shares in the company, valued at approximately $27,632,301.90. This represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth W. Cornew sold 5,000 shares of the company’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 transaction, the director owned 31,299 shares of the company’s stock, valued at $7,038,206.13. This trade represents a 13.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 22,125 shares of company stock worth $5,438,226. Insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Steel Dynamics

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Compound Planning Inc. boosted its position in Steel Dynamics by 132.6% during the 4th quarter. Compound Planning Inc. now owns 5,522 shares of the basic materials company’s stock valued at $936,000 after acquiring an additional 3,148 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Steel Dynamics by 6.3% in the 4th quarter. Invesco Ltd. now owns 1,965,092 shares of the basic materials company’s stock valued at $332,985,000 after purchasing an additional 116,379 shares during the period. Axxcess Wealth Management LLC purchased a new position in shares of Steel Dynamics in the 4th quarter valued at approximately $556,000. Corient Private Wealth LLC boosted its position in shares of Steel Dynamics by 10.9% during the fourth quarter. Corient Private Wealth LLC now owns 52,413 shares of the basic materials company’s stock valued at $8,396,000 after purchasing an additional 5,157 shares in the last quarter. Finally, Strive Financial Group LLC bought a new stake in shares of Steel Dynamics during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Key Headlines Impacting Steel Dynamics

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

Positive Sentiment: Steel Dynamics beat Q2 estimates with EPS of $3.69 to $3.80 versus expectations around $3.56-$3.63, while revenue rose to $6.09 billion, well above forecasts. Steel Dynamics Reports Second Quarter 2026 Results
Positive Sentiment: The company reported record steel shipments of 3.7 million tons, improved steel pricing, and strong year-over-year revenue growth of about 33%, signaling solid demand and operating momentum. Reuters article on second-quarter profit jump
Positive Sentiment: Management said it expects strong domestic steel and aluminum consumption to continue through the rest of 2026, which could support earnings after the quarter. WSJ earnings report
Neutral Sentiment: Analysts remain constructive on the near-term results, but Bank of America kept a Neutral/Hold view and left its $260 target unchanged, suggesting upside may be limited after the rally. TipRanks analyst note
Neutral Sentiment: Investor attention is also on Steel Dynamics’ aluminum expansion, where startup losses and a non-cash impairment tied to shifting a planned project location could keep sentiment mixed. Yahoo Finance article on aluminum story and valuation
Negative Sentiment: The stock may face some pressure from valuation concerns and questions about near-term earnings quality, even after the strong quarter. TipRanks analyst note

Wall Street Analyst Weigh In

Several research firms have weighed in on STLD. Weiss Ratings raised shares of Steel Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Morgan Stanley raised their price objective on Steel Dynamics from $227.00 to $270.00 and gave the company an “equal weight” rating in a research note on Monday, June 22nd. Wall Street Zen upgraded Steel Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Wells Fargo & Company lowered their target price on Steel Dynamics from $293.00 to $291.00 and set an “overweight” rating for the company in a research note on Thursday, June 18th. Finally, KeyCorp increased their target price on Steel Dynamics from $241.00 to $262.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Steel Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.18.

View Our Latest Report on Steel Dynamics

About Steel Dynamics

(Get Free Report)

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.