Insider buying last 90 days
No open-market insider purchases were filed for STLD in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every STLD insider filing, plotted on the chart in Gekko.Open STLD in Gekko
NASDAQ: STLD
Steel Dynamics (STLD) Stock Analysis & Forecast
$235.26−10.09 (−4.1%)
Close on Sep 18, 2026. Page updated Sep 19, 9:16 pm ET.
Gekko Brief
AI summarySteel Dynamics closes at $235.26, down 4.1% on the day, sitting below its 50-day average of $243.80 but above its 200-day average of $213.82. The GekkoIndex reads 61.7, placing the stock in the Accumulation zone, while the price stands 13.9% above Gekko Fair Value of $206.55.
This week's news centers on Steel Dynamics' Q3 2026 guidance, with the company projecting earnings per share of $5.34 to $5.38, below Wall Street's consensus of $5.60 but well above Q2's $3.69 and the prior year's Q3 figure of $2.74. The improvement is attributed to metal margin expansion and record shipments, with steel fabrication backlog extending into Q1 2027 and expected improvement in the aluminum segment. Separately, the stock's daily decline to $235.26 came even as it outperformed peers on the same session.
The next earnings date falls on 19 October 2026, 29 days away, which sits outside a typical 20-trading-day holding window. Seasonality from this point in the calendar has averaged a 6.8% gain over the next 20 trading days across 5 years, with gains in 5 of those years. Analyst coverage stands at 6 buy and 4 hold ratings among 10 firms, with a consensus target of $272.21 implying 15.7% upside. Typical volatility over a 20-day span runs around 7.4%, worth noting given the gap to Gekko Fair Value.
Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.
Price vs fair value
Close $235.26200-day averageGekko Fair Value $206.55
Key stats
- Market cap
- $33.72B
- P/E ratio
- 21.6
- Forward P/E
- 10.2
- EPS, TTM
- $11.36
- Revenue, TTM
- $20.54B
- Profit margin
- 7.8%
- Dividend yield
- 0.86%
- Beta
- 1.52
- Volume
- 3.10M avg 1.16M
- 1-year return
- +71.9%
- Typical daily move
- ±3.5%
- Typical 20-day move
- ±7.4%
- 50-day average
- $243.80
- 200-day average
- $213.82
- Next earnings
- Oct 19
- Shares outstanding
- 143.3M
Steel Dynamics swing-trade checklist
Steel Dynamics scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive1 mixed1 headwind
- Trendmixed
Averages disagree
Close $235.26 sits between the 50-day ($243.80) and 200-day ($213.82) averages, or the averages disagree.
See the chart - GekkoIndexsupportive
61.7, Accumulation
Reading 61.7 is in the Accumulation zone.
See the GekkoIndex - Fair valueheadwind
13.9% above
Price is 13.9% above Gekko Fair Value (more than 5% above).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings risksupportive
Reports in 29 days
Next report Oct 19, 2026, 29 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+6.8% on average
From this point in the calendar, the next 20 trading days averaged +6.8% over 5 years, rising in 5 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Steel Dynamics stock chart and price history
Steel Dynamics closed at $235.26 on Sep 18, 2026, +71.9% over the past year, inside a 52-week range of $134.87 to $288.74.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- +1.8%
- 3 months
- −5.9%
- 6 months
- +40.4%
- 1 year
- +71.9%
The full STLD chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open STLD in Gekko
Follow Steel Dynamics through every session
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About Steel Dynamics
Steel Dynamics manufactures steel and processes scrap metal for reuse. Its products include hot, cold, and coated rolled steel, structural shapes like beams and channels, flat and reinforcing bars, and rail and engineered bar items, along with processing work such as turning, polishing, heat treating, cutting, welding, and galvanizing. These goods serve construction, automotive, manufacturing, transportation, agricultural equipment, and pipe and tube customers, sold to end-users, fabricators, and service centers.
The company runs through three divisions. Steel Operations covers the production and processing work described above. Metals Recycling Operations gathers, processes, and resells ferrous scrap such as heavy melting steel, shredded scrap, and cast iron, plus nonferrous metals like aluminum, copper, and stainless steel, and adds services such as transport, marketing, brokerage, and scrap management. Steel Fabrication Operations builds components used in commercial building construction, including joists, girders, trusses, and steel deck products. The company also sells its products abroad.
Steel Dynamics was founded in 1993 and is headquartered in Fort Wayne, Indiana. Its shares are listed on the NASDAQ under the ticker STLD.
- Listed
- NASDAQ
- Sector
- Non-energy minerals
- Industry
- Steel
- Website
- steeldynamics.com
Steel Dynamics GekkoIndex: the smart money zone
Steel Dynamics’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 61.7, in the Accumulation zone, up 2.9 points over five sessions.
61.7Accumulation
Up 2.9 points over five sessions, from the Neutral zone.
Reading for Sep 18, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days |
|---|---|---|---|
| Buying | 27 | +2.1% | +9.7% |
| Accumulation (current zone) | 167 | +0.6% | +4.1% |
| Neutral | 406 | +0.5% | +1.7% |
| Distribution | 44 | +1.0% | +0.1% |
| Selling | 18 | +1.8% | +7.3% |
Average STLD share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the STLD price, zone by zone.Track STLD in Gekko
Is Steel Dynamics stock overvalued? Gekko Fair Value
Steel Dynamics trades 13.9% above Gekko Fair Value of $206.55, so the shares are overvalued on Gekko’s estimate.
Gekko’s own estimate of what Steel Dynamics shares are worth, recalculated every trading day.
$206.55
Gekko Fair Value, Sep 19, 2026
13.9% Overvalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open STLD in Gekko
Steel Dynamics insider and Congress trading
No open-market insider purchases were filed for Steel Dynamics, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in STLD were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for STLD, plotted on the chart in Gekko.Open STLD in Gekko
Buybacks
Steel Dynamics has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2026
- $200.3M
- As a share of market cap
- 0.59%
- Trailing four quarters
- $766.1M
From company filings.
Steel Dynamics earnings: next date and track record
Steel Dynamics reports on Oct 19, 2026 (29 days away), and beat the EPS estimate in 5 of its last 8 reports.
Next earnings report
Oct 19, 2026
29 days away
- EPS estimate
- $5.60
- Revenue estimate
- $6.42B
5 of 8reports beat the EPS estimate
±3.7%average move across the report
5 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Jul 20, 2026 AI summary
- What they said
- Steel Dynamics reported strong Q2 2026 results with record quarterly steel shipments of 3.7 million tons, net income of $534 million ($3.69 per diluted share), and adjusted EBITDA of $921 million. Revenues reached $6.1 billion with operating income of $700 million, up sequentially. Steel operations generated $721 million operating income, a 30% sequential increase driven by $105/ton higher average selling prices. Metals recycling contributed $48 million and fabrication delivered $85 million in operating income.
- Guidance
- Recent flat-rolled steel price increases and improved value-added product spreads will positively impact Q3 2026 results. Long product steel demand and pricing continue an upward trend. Approximately 80% of flat-rolled business is linked to lagging two-month contracts, benefiting forward quarters.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Jul 20, 2026 | $2.01 est $3.66 | $6.10B est $5.56B | −0.8% |
| Apr 22, 2026 | $2.78 est $3.18 | $5.20B est $5.10B | +2.2% |
| Jan 26, 2026 | $1.82 est $1.70 | $4.41B est $4.55B | −3.1% |
| Oct 20, 2025 | $2.74 est $2.63 | $4.83B est $4.76B | +7.8% |
| Jul 21, 2025 | $2.01 est $2.24 | $4.57B est $4.72B | +0.5% |
| Apr 22, 2025 | $1.44 est $1.38 | $4.37B est $4.19B | +7.9% |
| Jan 22, 2025 | $1.36 est $1.28 | $3.87B est $3.97B | −1.9% |
| Oct 16, 2024 | $2.05 est $1.99 | $4.34B est $4.18B | +5.1% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Steel Dynamics stock forecast and analyst price targets
Analysts’ average 12-month price target for Steel Dynamics is $272.21, +15.7% from the last close, from 10 firms rating the stock in the last 90 days.
$272.21consensus 12-month target, +15.7% from the last close
Now $235.26Avg $272.21
Low $257High $299
Each firm’s latest rating in the last 90 days: 10 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 18 | Barclays | $272 | +15.6% |
| Sep 18 | Bank of America Securities | $260 | +10.5% |
| Sep 18 | Wells Fargo | $257 | +9.2% |
| Sep 17 | Goldman Sachs | $299 | +27.1% |
| Sep 17 | BMO Capital | $296 | +25.8% |
+4.1%average 20-day move after past Accumulation readings
+6.8%average move over the next 20 trading days in the last 5 years
±3.5%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Steel Dynamics seasonality: the next 20 trading days
Over the next 20 trading days from Sep 19, Steel Dynamics averaged +6.8% across the last 5 years, rising in 5 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +1.5% | 4 of 5 |
| Next 10 trading days | +4.1% | 4 of 5 |
| Next 15 trading days | +6.0% | 5 of 5 |
| Next 20 trading days | +6.8% | 5 of 5 |
| Next 30 trading days | +13.5% | 5 of 5 |
For scale, STLD’s typical 20-trading-day move in either direction is about 7.4%.
Steel Dynamics market cap and key statistics
Steel Dynamics’s market cap is $33.72B, with a P/E ratio of 21.6 and revenue of $20.54B over the last twelve months.
Valuation
- Market cap
- $33.72B
- P/E ratio
- 21.6
- Forward P/E
- 10.2
- EPS, TTM
- $11.36
- Gekko Fair Value
- $206.55
Trading
- Volume
- 3.10M
- Avg volume, 20 days
- 1.16M
- 52-week high
- $288.74
- 52-week low
- $134.87
- Shares outstanding
- 143.3M
Financials
- Revenue, TTM
- $20.54B
- Profit margin
- 7.8%
- Return on equity
- 17.6%
- Quarterly earnings growth, YoY
- +83.6%
Risk and income
- Beta
- 1.52
- Typical daily move
- ±3.5%
- Typical 20-day move
- ±7.4%
- Dividend yield
- 0.86%
Steel Dynamics stock news this week
Coverage of Steel Dynamics this week reads positive: 10 positive, 2 neutral and 3 negative headlines.
- Steel Dynamics Q3 Earnings Guidance and Analyst RatingsIntellectia AI, Sep 18
- Steel Dynamics Inc. stock outperforms competitors despite losses on the dayMarketWatch, Sep 18
- Earnings surge forecast at Steel Dynamics (STLD) as Q3 outlook tops recent quartersStock Titan, Sep 18
- Steel Dynamics, Inc. (NASDAQ:STLD) Guides Q3 EPS To $5.34–$5.38TradingView, Sep 18
- Steel Dynamics Raises Q3 Earnings Guidance on Strong DemandTipRanks, Sep 18
- Here's How Much a $1000 Investment in Steel Dynamics Made 10 Years Ago Would Be Worth TodayYahoo Finance, Sep 18
Steel Dynamics peers
Steel Dynamics’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| NUENucor | Accumulation | 12.5% above |
| RSReliance | Accumulation | 9.5% above |
| CMCCommercial Metals | Accumulation | 2.7% below |
| CLFCleveland-Cliffs | Neutral | 24.3% below |
| WSWorthington Steel | Accumulation | 6.5% below |
| RYZRyerson | Accumulation | 45.0% below |
A peer links to its own page where one exists.
Steel Dynamics stock FAQ
What is Steel Dynamics’s market cap?
Steel Dynamics’s market cap is $33.72B at the Sep 18, 2026 close of $235.26, with 143.3M shares outstanding. The shares trade on a P/E ratio of 21.6.
What is the Steel Dynamics stock forecast?
The consensus analyst 12-month price target for Steel Dynamics is $272.21, +15.7% from the last close. Of the 10 firms that rated the stock in the last 90 days, 6 rate it a buy, 4 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is Steel Dynamics stock overvalued or undervalued?
On Gekko’s estimate Steel Dynamics is overvalued: the Sep 18, 2026 close of $235.26 is 13.9% above Gekko Fair Value of $206.55. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Steel Dynamics report earnings next?
Steel Dynamics is expected to report on Oct 19, 2026 (29 days away). Analysts expect earnings of $5.60 per share on revenue of $6.42B. Steel Dynamics beat the earnings estimate in 5 of its last 8 reports, moving 3.7% on average across the report.
What is Steel Dynamics’s 52-week high and low?
Steel Dynamics’s 52-week high is $288.74 and its 52-week low is $134.87; it closed at $235.26 on Sep 18, 2026, +71.9% over the past year.
Is Steel Dynamics stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, earnings risk and seasonality), 1 as mixed (trend) and 1 as a headwind (fair value). The checklist is a description of current data, not a recommendation.
How this page works
Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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