Market Cap
$31.8B
STLD
STEEL DYNAMICS INC
$231.79 ▲ +2.48%
Prev close $226.17Market cap$31.8B
ConsensusBuy
12-mo target$270.96 (+16.9%)
▲ Bullish
Analyst conviction 6/10
Insider Selling Cluster (4 insiders)High Impact Filing (7/10)33 New Institutional Positions17 Institutional Exits Materials & Mining
Snapshot
The big-picture read on STLD right now — valuation, ownership and activity at a glance.
Cap Size
Large Cap
Analyst Consensus
Buy (64%)
Inst. Holders
50 funds
Inst. Value
$21.6B
Inst. Activity
33 buys / 17 sells
Insider Activity
$0.00 buy / $7.6M sell
Insider Net $
-$7.6M
SEC Reports
8
Congressional
3 trades
Price chart 30d -6.4%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Sep 18, 2026 short_volume
Aug 14, 2026 SEC Short Volume: STLD — 70.6% short (0.4M / 0.5M)
Short: 366,890 | Exempt: 0 | TRF Vol: 519,804 | Short Ratio: 70.6% | Off-exchange volume (dark pool
Steel Dynamics announced a Q3 2026 cash dividend of $0.53 per common share, payable on October 9, 2026, to shareholders
8-K — Impact 2/10
Aug 13, 2026 Insider
Aug 4, 2026 SEC Hamann Jennifer L was granted 72 shares
Director
Steel Dynamics announced a planned CEO succession: co-founder and CEO Mark Millett will retire as CEO on January 1, 2027
8-K — Impact 3/10
Jul 28, 2026 Insider
Jul 21, 2026 SEC MILLETT MARK D gifted 300 shares
Chairman and CEO
Steel Dynamics reported Q2 2026 results with record steel shipments of 3.7M tons, revenue of $6.09B (33.4% YoY growth, 1
8-K — Impact 6/10
Jul 10, 2026 Insider
BARGABOS SHEREE L was granted 43 shares
Director
Jun 30, 2026 Inst.
FMR LLC — ADD
7,720,913 shares ($1.8B)
Analyst ratings buy % -9.9%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
64% rate it Buy or better · 22 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Sep 18, 2026 | JP Morgan | MAINTAIN | Neutral | 55% |
| Sep 18, 2026 | Wells Fargo | MAINTAIN | Overweight | 54% |
| Sep 9, 2026 | JP Morgan | MAINTAIN | Neutral | 55% |
| Aug 24, 2026 | Wells Fargo | MAINTAIN | Overweight | 54% |
| Aug 10, 2026 | UBS | MAINTAIN | Neutral | 55% |
| Jul 22, 2026 | Wells Fargo | MAINTAIN | Overweight | 54% |
| Jul 22, 2026 | Morgan Stanley | MAINTAIN | Equal-Weight | 55% |
| Jul 22, 2026 | JP Morgan | MAINTAIN | Neutral | 55% |
| Jul 22, 2026 | Barclays | MAINTAIN | Overweight | 54% |
| Jul 15, 2026 | JP Morgan | MAINTAIN | Neutral | 55% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 4 | 10 | 7 | 1 | 0 | 64% | |
| Aug 1, 2026 | 4 | 10 | 7 | 1 | 0 | 64% | |
| Jul 1, 2026 | 4 | 9 | 6 | 2 | 0 | 62% | |
| Jun 1, 2026 | 4 | 9 | 6 | 2 | 0 | 62% | |
| May 1, 2026 | 4 | 8 | 6 | 2 | 0 | 60% | |
| Apr 1, 2026 | 5 | 9 | 6 | 0 | 0 | 70% | |
| Mar 1, 2026 | 5 | 9 | 6 | 0 | 0 | 70% | |
| Feb 1, 2026 | 5 | 9 | 6 | 0 | 0 | 70% |
Price targets
Where 14 covering analysts think STLD trades over the next 12 months.
$270.96 +16.9% upside Buy
Current$231.79 Low$205.45 Median$272.00 High$310.00 14 analysts
$205.45$310.00
Analyst rating Buy· 2.0/5 as of Oct 2, 2026
Social media sentiment
Retail-investor mood aggregated across social media. 0° = very bearish, 100° = very bullish.
Recent posts
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
8 SEC filing reports analyzed · 2 bullish, 2 bearish, 0 mixed, 4 neutral · avg impact 4.3/10.
NEUTRAL8-K2/10
Steel Dynamics announced a Q3 2026 cash dividend of $0.53 per common share, payable on October 9, 20
Aug 14, 2026
NEUTRAL8-K3/10
Steel Dynamics announced a planned CEO succession: co-founder and CEO Mark Millett will retire as CE
Aug 4, 2026
BULLISH8-K6/10
Steel Dynamics reported Q2 2026 results with record steel shipments of 3.7M tons, revenue of $6.09B
Jul 21, 2026
BULLISH8-K6/10
Steel Dynamics issued Q2 2026 earnings guidance of $3.51–$3.55 per diluted share, well above the pri
Jun 18, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Sep 18, 2026
short_volume
Short Volume: STLD — 70.6% short (0.4M / 0.5M)
Short: 366,890 | Exempt: 0 | TRF Vol: 519,804 | Short Ratio: 70.6% | Off-exchange volume (dark pool + OTC)
Sep 7, 2026
dark_pool
Dark Pool: STLD — 1.1M shares, 39,288 trades
Week starting 2026-09-07. Total ATS volume: 1,103,616 shares across 39,288 trades.
Aug 31, 2026
dark_pool
Dark Pool: STLD — 1.2M shares, 44,068 trades
Week starting 2026-08-31. Total ATS volume: 1,212,862 shares across 44,068 trades.
Aug 24, 2026
dark_pool
Dark Pool: STLD — 2.2M shares, 60,229 trades
Week starting 2026-08-24. Total ATS volume: 2,172,769 shares across 60,229 trades.
Aug 20, 2026
ftd
FTD: STLD — 11,053 shares ($2.6M) failed to deliver
Settlement: 20260820, Price: $231.01, FTD Value: $2,553,353.53, STEEL DYNAMICS INC
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $5.41 | $5.36–$5.49 | 97.3% | -0.1% | 1↑ 0↓ | $6.4B | 6 |
| Next Q | $5.93 | $4.91–$6.62 | 226.0% | +15.9% | 1↑ 0↓ | $6.2B | 5 |
| Current FY | $17.10 | $13.12–$18.54 | 114.0% | +1.5% | 1↑ 0↓ | $23.8B | 7 |
| Next FY | $19.55 | $13.55–$23.55 | 14.3% | +3.2% | 0↑ 1↓ | $24.3B | 12 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $5.406 | — |
| 7d ago | $5.334 | +0.072 |
| 30d ago | $5.413 | -0.007 |
| 60d ago | $5.308 | +0.098 |
| 90d ago | $5.230 | +0.176 |
Institutional ownership
Which big funds own STLD (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $21.6B total value (94,114,542 shares) as of 2026-Q2. Top holders: BlackRock,, VANGUARD, FMR. Net buying activity: 33 institutions added/increased vs 17 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| BlackRock, Inc. | 12,396,499 | $2.8B | 13.2% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 8,902,216 | $2.0B | 9.5% | — |
| FMR LLC | 7,720,913 | $1.8B | 8.2% | ADD +75.0% |
| STATE STREET CORP | 7,376,476 | $1.7B | 7.9% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 6,755,104 | $1.6B | 7.2% | — |
| GEODE CAPITAL MANAGEMENT, LLC | 3,778,189 | $863.6M | 4.0% | — |
| Capital Research Global Investors | 3,639,878 | $835.2M | 3.9% | — |
| MORGAN STANLEY | 3,345,568 | $767.7M | 3.6% | — |
| NORGES BANK | 2,476,326 | $568.2M | 2.6% | NEW |
| Life Cycle Investment Partners Ltd | 2,298,976 | $527.5M | 2.4% | — |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| FMR LLC | ADD | 4,411,600 | 7,720,913 | +75.0% | $1.8B |
| NORGES BANK | NEW | — | 2,476,326 | — | $568.2M |
| Holocene Advisors, LP | TRIM | 2,288,948 | 1,648,753 | -28.0% | $378.3M |
| VICTORY CAPITAL MANAGEMENT INC | TRIM | 1,946,832 | 1,346,692 | -30.8% | $309.0M |
| CITADEL ADVISORS LLC | ADD | 512,586 | 807,597 | +57.6% | $185.3M |
| HSBC HOLDINGS PLC | TRIM | 1,051,480 | 627,337 | -40.3% | $144.4M |
| CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | TRIM | 761,823 | 450,108 | -40.9% | $103.3M |
| Qube Research & Technologies Ltd | ADD | 243,635 | 394,083 | +61.8% | $90.4M |
| CITIGROUP INC | ADD | 231,123 | 331,933 | +43.6% | $76.2M |
| CAPTRUST FINANCIAL ADVISORS | DOUBLED | 57,811 | 285,776 | +394.3% | $65.6M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
16 insiders, 50 transactions. Net -$7.6M — $0.00 bought, $7.6M sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Aug 13, 2026 | Hamann Jennifer L | Director | AWARD | 72 | — | — |
| Jul 28, 2026 | MILLETT MARK D | Chairman and CEO | GIFT | 300 | — | — |
| Jul 10, 2026 | BARGABOS SHEREE L | Director | AWARD | 43 | — | — |
| Jul 10, 2026 | Hamann Jennifer L | Director | AWARD | 18 | — | — |
| Jul 10, 2026 | Cornew Kenneth W. | Director | AWARD | 2 | — | — |
| Jul 10, 2026 | DOLAN TRACI M | Director | AWARD | 102 | — | — |
| Jul 10, 2026 | Seaman Bradley S | Director | AWARD | 109 | — | — |
| Jul 10, 2026 | Sierra Luis Manuel | Director | AWARD | 7 | — | — |
| Jun 5, 2026 | Anderson James Stanley | Senior Vice President | SELL | 1,100 | $267.35 | $294.1K |
| Jun 5, 2026 | Anderson James Stanley | Senior Vice President | SELL | 4,177 | $268.42 | $1.1M |
Congressional trades
STLD trades disclosed by members of Congress, with disclosure delay.
3 members · 2 buys / 1 sells
| Date | Member | Party | Chamber | Type | Amount | Asset | Disclosed |
|---|---|---|---|---|---|---|---|
| Mar 27, 2026 | Alan Armstrong | R | SENATE | BUY | $1,001 - $15,000 | Steel Dynamics Inc | Jul 22, 2026(117d) |
| Jan 9, 2026 | Gilbert Cisneros | D | HOUSE | BUY | $1,001 - $15,000 | Steel Dynamics Inc | Feb 16, 2026(39d) |
| Dec 22, 2025 | John Fetterman | D | SENATE | SELL | $1,001 - $15,000 | Steel Dynamics Inc | Jan 6, 2026(16d) |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for STLD.
Shares short
3,776,059
Settlement Sep 15, 2026
Change vs prior
-0.9%
Semi-monthly cycle
Days to cover
4.0
At avg daily volume
Of shares outstanding
≈2.6%
Estimate — not % of float
All STLD filing & press-release reports (8)
- 8-K reportAug 14, 2026
- 8-K reportAug 4, 2026
- 8-K reportJul 21, 2026
- 8-K reportJun 18, 2026
- CLUSTER reportMay 15, 2026
- 8-K reportMay 8, 2026
- CLUSTER reportApr 24, 2026
- 8-K reportApr 21, 2026