Barry Schneider, Executive Vice President and Chief Technology Officer at Steel Dynamics Inc., sold 50,000 shares on November 3, 2026, for a total of approximately $12.4 million. Share prices in the transactions ranged from $246.99 to $251.10 per share.
The stock has since declined 11% over the past week and now trades at $222.90, down from Schneider's sale prices. He retains 196,399 shares of company stock following the dispositions.
Steel Dynamics reported third-quarter 2026 results with revenue of $6.51 billion, beating analyst estimates of $6.43 billion. Earnings per share came in at $5.26, below the expected $5.48. The company achieved record shipments and strong cash generation in the quarter.
Goldman Sachs maintained a Buy rating on STLD with a $299 price target despite the earnings miss. KeyBanc raised its price target to $265 from $262, citing expectations for improved product mix and expanding steel spreads. The firm noted a strong backlog supporting fabrication earnings.