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Steel Dynamics, Inc. (NASDAQ:STLD) is included among the 15 Dividend Stocks that Outperform the S&P 500.
On November 24, Bank of America raised its price target on Steel Dynamics, Inc. (NASDAQ:STLD) to $185 from $155 while maintaining a Buy rating. The firm noted it is updating its price forecasts for North American metals and mining stocks under coverage.
Steel Dynamics, Inc. (NASDAQ:STLD) delivered a strong third-quarter 2025 performance. The company set a record with 3.6 million tons of steel shipments and reported revenues of $4.8 billion. Adjusted EBITDA came in at $664 million, supported by robust operating cash flow of $723 million. Its steel fabrication segment posted sequential gains, with volumes rising 12%, and order activity remained steady. Management noted that the backlog now extends through the first quarter of 2026.
Looking ahead, fourth-quarter aluminum operations are expected to record losses of about $40 million, an improvement from the third quarter. Capital expenditures for Q4 are projected at around $200 million, with early 2026 CapEx estimates ranging from $500 million to $600 million. Management expressed confidence in reaching a 75% utilization rate for aluminum operations by the end of 2026 and expects an optimized product mix by 2027.
Steel Dynamics, Inc. (NASDAQ:STLD) is an industrial metals solutions company that produces steel, recycles metal, and fabricates steel products.
While we acknowledge the potential of STLD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 High Quality Dividend Stocks for Long-Term Investors and 14 Best Up and Coming Dividend Stocks to Buy.
Disclosure: None.
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