BMO Capital Reaffirms Its Outperform Rating on Steel Dynamics, Inc. (STLD) with $150 Price Target

Core Insights - Steel Dynamics, Inc. (NASDAQ:STLD) is recognized as one of the best long-term investment stocks, demonstrating consistent revenue and dividend growth [1] Financial Performance - For Q3 2025, Steel Dynamics provided earnings guidance of $2.60 to $2.64 per diluted share, surpassing BMO's estimate of $2.55 and the consensus of $2.58 [2] - BMO Capital reaffirmed its Outperform rating with a price target of $150, attributing the expected earnings beat to solid steel shipments, wider metal spreads, and strong profitability in the metals recycling division [2] Operational Highlights - Strong order backlogs from various sectors, including commercial, data center, manufacturing, warehouse, and healthcare, are expected to enhance steel fabrication operations with increased volumes and stable spreads [3] - The company is successfully commissioning its aluminum plant in Columbus, Mississippi, and its recycled slab facility in San Luis Potosi, Mexico, with early-stage performance exceeding expectations [3] - In Q3, Steel Dynamics repurchased $185 million worth of ordinary shares, indicating confidence in its financial position [3] Business Segments - Steel Dynamics operates through its Steel Operations, Metals Recycling, Steel Fabrication, and Aluminum divisions, focusing on steel manufacturing and metal recycling in the United States [4]