Steel Dynamics EVP & CTO Barry Schneider sells $12.4M in stock

Barry Schneider, Executive Vice President and Chief Technology Officer at Steel Dynamics Inc., sold 50,000 shares of the company’s common stock on November 3, 2026. The transactions totaled approximately $12.45 million, with shares traded at prices between $246.99 and $251.10. Notably, the stock price has dropped by 11% in the past week, trading at $222.90, down from Schneider's sale prices.

The shares were sold in multiple blocks at varying prices. For instance, 2,116 shares were sold at a weighted average price of $246.99, while another 12,563 shares were sold at $248.07. Further dispositions included 24,202 shares at $249.05, and 9,819 shares at $249.76. The final reported transaction consisted of 1,300 shares sold at $251.10.

Currently, Mr. Schneider personally holds 196,399 shares of Steel Dynamics common stock. The company’s stock has provided a 48% return over the past year and is trading at an attractive price-to-earnings ratio of 16.67. Despite recent volatility, STLD is considered undervalued by InvestingPro analysis, which provides 12 additional ProTips for investors interested in deeper insights into this metals and mining sector leader.

Additionally, Steel Dynamics reported its third-quarter 2026 financial results, which exceeded Wall Street's revenue expectations with $6.51 billion, though earnings per share declined to $5.26 from the expected $5.48. The quarter saw record shipments and strong cash generation. Analysts at Goldman Sachs maintained a Buy rating, with a price target of $299.00, while KeyBanc raised its target to $265, citing a rich product mix and expanding steel spreads.