Steel Dynamics (STLD) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Steel Dynamics (NASDAQ: STLD) in the last few weeks:

• 3/25/2026 – Steel Dynamics is now covered by KeyCorp. They set an “overweight” rating and a $190.00 price target on the stock.
• 3/18/2026 – Steel Dynamics had its price target lowered by JPMorgan Chase & Co. from $194.00 to $192.00. They now have a “neutral” rating on the stock.
• 3/18/2026 – Steel Dynamics had its price target lowered by Wells Fargo & Company from $210.00 to $196.00. They now have an “overweight” rating on the stock.
• 3/17/2026 – Steel Dynamics had its “buy” rating reaffirmed by Jefferies Financial Group Inc..
• 3/17/2026 – Steel Dynamics had its “underperform” rating reaffirmed by Morgan Stanley. They now have a $190.00 price target on the stock.
• 3/7/2026 – Steel Dynamics was downgraded by Wall Street Zen from “strong-buy” to “buy”.
• 3/2/2026 – Steel Dynamics had its price target raised by Wells Fargo & Company from $190.00 to $210.00. They now have an “overweight” rating on the stock.
• 1/31/2026 – Steel Dynamics was upgraded by Wall Street Zen from “hold” to “strong-buy”.

Steel Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be paid a $0.53 dividend. The ex-dividend date is Tuesday, March 31st. This is a positive change from Steel Dynamics’s previous quarterly dividend of $0.50. This represents a $2.12 dividend on an annualized basis and a yield of 1.2%. Steel Dynamics’s payout ratio is 24.97%.

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.