Seaport Res Ptn Raises Earnings Estimates for Steel Dynamics

Steel Dynamics, Inc. (NASDAQ:STLD) – Equities research analysts at Seaport Res Ptn raised their Q3 2025 EPS estimates for Steel Dynamics in a report issued on Monday, June 16th. Seaport Res Ptn analyst M. Englert now expects that the basic materials company will earn $3.64 per share for the quarter, up from their prior forecast of $3.49. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.01 per share. Seaport Res Ptn also issued estimates for Steel Dynamics’ Q4 2025 earnings at $3.68 EPS, FY2025 earnings at $11.13 EPS, Q1 2026 earnings at $4.08 EPS and FY2026 earnings at $16.10 EPS.

Steel Dynamics (NASDAQ:STLD) last posted its earnings results on Tuesday, April 22nd. The basic materials company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.04. Steel Dynamics had a net margin of 6.80% and a return on equity of 13.26%. The company had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.17 billion. During the same quarter in the prior year, the company posted $3.67 earnings per share.

A number of other research firms have also recently issued reports on STLD. UBS Group raised shares of Steel Dynamics from a “neutral” rating to a “buy” rating and set a $149.00 price target for the company in a report on Monday, March 24th. BMO Capital Markets raised shares of Steel Dynamics from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $135.00 to $145.00 in a report on Monday, March 31st. JPMorgan Chase & Co. raised their price target on shares of Steel Dynamics from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, April 24th. Morgan Stanley set a $140.00 price target on shares of Steel Dynamics and gave the stock an “overweight” rating in a report on Thursday, April 24th. Finally, Wolfe Research raised shares of Steel Dynamics from an “underperform” rating to a “peer perform” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.44.

Steel Dynamics Trading Down 2.3%

NASDAQ STLD opened at $130.11 on Thursday. The company has a fifty day simple moving average of $129.00 and a two-hundred day simple moving average of $126.44. The stock has a market cap of $19.31 billion, a P/E ratio of 17.19, a P/E/G ratio of 0.90 and a beta of 1.38. Steel Dynamics has a 12-month low of $103.17 and a 12-month high of $155.56. The company has a current ratio of 2.74, a quick ratio of 1.38 and a debt-to-equity ratio of 0.44.

Institutional Trading of Steel Dynamics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STLD. Norges Bank acquired a new stake in Steel Dynamics during the fourth quarter valued at $336,426,000. Victory Capital Management Inc. grew its position in Steel Dynamics by 433.1% during the first quarter. Victory Capital Management Inc. now owns 1,816,525 shares of the basic materials company’s stock valued at $227,211,000 after buying an additional 1,475,767 shares during the period. Price T Rowe Associates Inc. MD grew its position in Steel Dynamics by 25.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,066,300 shares of the basic materials company’s stock valued at $883,854,000 after buying an additional 1,437,897 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Steel Dynamics by 531.0% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,191,669 shares of the basic materials company’s stock valued at $149,054,000 after buying an additional 1,002,813 shares during the period. Finally, Capital Research Global Investors grew its position in Steel Dynamics by 29.4% during the fourth quarter. Capital Research Global Investors now owns 3,592,670 shares of the basic materials company’s stock valued at $409,816,000 after buying an additional 815,629 shares during the period. Institutional investors and hedge funds own 82.41% of the company’s stock.

Insider Buying and Selling

In related news, Director Gabriel Shaheen sold 1,254 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $134.11, for a total transaction of $168,173.94. Following the completion of the transaction, the director now owns 81,812 shares of the company’s stock, valued at $10,971,807.32. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Miguel Alvarez sold 7,495 shares of the firm’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $135.26, for a total transaction of $1,013,773.70. Following the transaction, the senior vice president now directly owns 125,319 shares of the company’s stock, valued at approximately $16,950,647.94. This trade represents a 5.64% decrease in their position. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.

Steel Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 1.54%. Steel Dynamics’s dividend payout ratio (DPR) is presently 26.42%.

Steel Dynamics announced that its board has approved a stock buyback plan on Monday, February 24th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the basic materials company to buy up to 7.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

About Steel Dynamics

Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products.