STLDBasic Materials · SteelThe 14 Wall Street analysts covering Steel Dynamics, Inc. hold a median 12-month price target of $274 — +13.2% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 80 of 100 as at 23 Oct 2026 — inside the top quartile. Here, the model and the Street point the same way.
Consensus tells you what everyone already believes. The model scores Steel Dynamics, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Growth (96): Sales and profits are climbing, and climbing faster than before.
Accruals (23): A large share of reported profit has not shown up as cash, or the balance sheet is expanding quickly — both tend to unwind.
Size (7): Larger than most of the companies we track — more scrutinised, less often mispriced.
Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.
The bullish and bearish analyst opinions on STLD, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Data provided by Twelve Data
The green dot is the last close — the median target sits +13.2% from it.
Of the 20 most recent actions, 8 moved their price target up and 4 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 23 Oct 2026 | Barclays | Maintains | Overweight | $285 → $280 |
| 23 Oct 2026 | Keybanc | Maintains | Overweight | $262 → $265 |
| 21 Oct 2026 | Wells Fargo | Maintains | Overweight | $257 → $271 |
| 19 Oct 2026 | Barclays | Maintains | Overweight | $272 → $285 |
| 9 Oct 2026 | JP Morgan | Maintains | Neutral | $272 → $260 |
| 9 Oct 2026 | JP Morgan | Maintains | Neutral | — |
| 18 Sept 2026 | JP Morgan | Maintains | Neutral | $273 → $272 |
| 18 Sept 2026 | JP Morgan | Maintains | Neutral | — |
| 18 Sept 2026 | Wells Fargo | Maintains | Overweight | — |
| 18 Sept 2026 | Wells Fargo | Maintains | Overweight | $255 → $257 |
| 9 Sept 2026 | JP Morgan | Maintains | Neutral | $260 → $273 |
| 9 Sept 2026 | JP Morgan | Maintains | Neutral | — |
| 24 Aug 2026 | Wells Fargo | Maintains | Overweight | — |
| 24 Aug 2026 | Wells Fargo | Maintains | Overweight | $275 → $255 |
| 10 Aug 2026 | UBS | Maintains | Neutral | — |
| 10 Aug 2026 | UBS | Maintains | Neutral | $165 → $276 |
| 22 July 2026 | Barclays | Maintains | Overweight | $270 → $272 |
| 22 July 2026 | Barclays | Maintains | Overweight | — |
| 22 July 2026 | JP Morgan | Maintains | Neutral | — |
| 22 July 2026 | JP Morgan | Maintains | Neutral | $256 → $260 |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
STLD appears in the Radar on the weeks it earns a place.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 23 Oct 2026, Steel Dynamics, Inc. returned +61.9% against +14.3% for the S&P 500, dividends included.
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Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 41% of US stocks
Cheaper than 58% of US stocks
Cheaper than 27% of US stocks
Cheaper than 31% of US stocks
Higher than 80% of US stocks
Higher than 82% of US stocks
Higher than 15% of US stocks
Higher than 73% of US stocks
Higher than 67% of US stocks
Higher than 82% of US stocks
Higher than 91% of US stocks
Higher than 69% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The headline figures, each with its date. Every row carries its own link — cite it straight from here.
Steel Dynamics, Inc. has a market value of $34.6B and an enterprise value of $38.0B.
Revenue in the twelve months to 30 June 2026: $20.5B. The latest quarter grew 34.8% year on year.
Net income over the same four quarters: $1.6B, a 7.8% net margin.
Diluted earnings per share, trailing twelve months: $11.03.
Free cash flow in the twelve months to 30 June 2026: $955.6M.
Steel Dynamics, Inc. spent $766.1M on share buybacks and $296.0M on dividends in the twelve months to 30 June 2026.
Trailing P/E: 17.8×; forward P/E: 11.3× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.88%, paying out 19% of earnings.
Steel Dynamics, Inc. employs 14,400 people — $1.4M of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
| Company | Market cap | TKN rank |
|---|---|---|
| STLDSteel Dynamics, Inc. | $34.6B | 80 |
| RSReliance, Inc. | $21.7B | 93 |
| NUENucor Corp. | $59.1B | 91 |
| CLFCleveland-Cliffs, Inc. | $7.9B | 58 |
| CMCCommercial Metals Co. | $7.0B | 65 |
| WSWorthington Steel, Inc. | $2.1B | 44 |
| VMCVulcan Materials Co.* | $34.6B | 52 |
* Nearest Basic Materials names by size — few steel companies of this scale trade in the US universe.
Look up any of the roughly 4,600 stocks we score.
The rank is the raw material. Whether the rules would actually own Steel Dynamics, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →
U.S. steelmakers rallied while a fund tracking the global industry slipped. Cleveland-Cliffs rose 7%, Steel Dynamics climbed 3%, and Nucor edged higher.
Why it matters — The report notes a 3% gain in Steel Dynamics shares amid a broader rally among U.S. steelmakers.
Steel Dynamics’ latest earnings report missed Wall Street’s high expectations. The article says the company’s strong growth and improving profitability could still support the stock reaching fresh highs.
Why it matters — STLD watchers may weigh the earnings miss against the growth and profitability trends highlighted in the report.
After Q3 earnings reports, Steel Dynamics and Cleveland-Cliffs illustrated how higher domestic steel prices are competing with elevated financing costs, inflation, and uneven demand. The excerpt describes the industry as complex, with companies navigating these factors with varying success.
Why it matters — STLD watchers may care how the company’s Q3 results fit into these competing pressures in the domestic steel market.
Steel Dynamics reported record quarterly steel shipments of 3.8 million tons. Its steel mills operated at 92% utilization in the third quarter.
Why it matters — These figures provide STLD watchers with an update on quarterly shipment levels and mill utilization.
Steel Dynamics held its Q3 2026 earnings conference call on October 20, 2026, with company executives and analysts participating. The excerpt provides the call details and participant list but no financial results or business updates.
Why it matters — The excerpt confirms the quarterly call took place, but it does not include substantive information about STLD’s performance.
The 14 Wall Street analysts covering Steel Dynamics, Inc. have a median 12-month price target of $274, with estimates ranging from $205 to $310. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 14 analysts covering Steel Dynamics, Inc., 9 rate it a Buy, 4 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks Steel Dynamics, Inc. 80 out of 100 across roughly 4,600 US stocks as at 23 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 23 Oct 2026, Steel Dynamics, Inc. ranks 80 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Growth (96 of 100).
No one can know that. What the data says: the median 12-month target from 14 analysts implies +13.2% from the last close, and Ticker Nerd's factor model ranks Steel Dynamics, Inc. 80 out of 100 as at 23 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
No analyst covering Steel Dynamics, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for STLD are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $205 to $310 over the next 12 months.
Steel Dynamics, Inc. returned +61.9% over the 12 months to 23 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
Steel Dynamics, Inc. is an industrial metals company that produces steel, recycles metal, and fabricates building components for commercial and industrial use.
The most recent item we track (24/7 Wall Street, 23 Oct 2026): "Cleveland-Cliffs Surges 7% While Steel Fund Slips; Steel Dynamics Climbs 3%, Nucor Edges Higher". U.S. steelmakers rallied while a fund tracking the global industry slipped. Cleveland-Cliffs rose 7%, Steel Dynamics climbed 3%, and Nucor edged higher.
Steel Dynamics, Inc. is an industrial metals company that produces steel, recycles metal, and fabricates building components for commercial and industrial use. Steel Dynamics operates through steel operations, metals recycling, steel fabrication, and aluminum operations, serving construction, automotive, manufacturing, transportation, energy, and heavy equipment markets. Its steel portfolio includes hot rolled, cold rolled, and coated sheet products, structural shapes, rail, and engineered bar products, while its recycling business processes ferrous and nonferrous scrap for reuse in manufacturing. The company also produces steel joists, deck systems, and recycled aluminum flat rolled products, supporting customers across North America with a diversified materials platform.
CEO Mr. Mark D. Millett · 14,400 employees · United States · https://www.steeldynamics.com
