Morgan Stanley downgrades Steel Dynamics (STLD) to a Hold

In a report released today, Carlos De Alba from Morgan Stanley downgraded Steel Dynamics to a Hold, with a price target of $194.00.

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According to TipRanks, De Alba is a 5-star analyst with an average return of 17.9% and a 58.92% success rate. De Alba covers the Basic Materials sector, focusing on stocks such as Cleveland-Cliffs, Nucor, and Steel Dynamics.

Steel Dynamics has an analyst consensus of Moderate Buy, with a price target consensus of $182.30.

Based on Steel Dynamics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.83 billion and a net profit of $403.69 million. In comparison, last year the company earned a revenue of $4.34 billion and had a net profit of $317.8 million

Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STLD in relation to earlier this year. Most recently, in October 2025, Miguel Alvarez, the SVP of STLD sold 8,251.00 shares for a total of $1,343,180.29.