FY2025 EPS Estimates for Steel Dynamics Decreased by Analyst

Steel Dynamics, Inc. (NASDAQ:STLD) – KeyCorp lowered their FY2025 earnings per share estimates for Steel Dynamics in a research note issued on Tuesday, January 6th. KeyCorp analyst P. Gibbs now expects that the basic materials company will earn $7.95 per share for the year, down from their previous estimate of $10.25. KeyCorp has a “Overweight” rating and a $190.00 price target on the stock. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.01 per share. KeyCorp also issued estimates for Steel Dynamics’ FY2026 earnings at $13.25 EPS.

A number of other brokerages have also recently weighed in on STLD. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Steel Dynamics in a research note on Monday, December 29th. JPMorgan Chase & Co. increased their price target on shares of Steel Dynamics from $165.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. BMO Capital Markets raised their price objective on shares of Steel Dynamics from $155.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Citigroup upped their target price on shares of Steel Dynamics from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $194.00 target price (up from $173.00) on shares of Steel Dynamics in a report on Friday. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $182.00.

Steel Dynamics Stock Down 1.7%

Shares of NASDAQ STLD opened at $169.27 on Friday. The company has a quick ratio of 1.47, a current ratio of 3.11 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $165.62 and its two-hundred day moving average is $145.93. Steel Dynamics has a 52-week low of $103.17 and a 52-week high of $178.36. The firm has a market cap of $24.72 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 0.72 and a beta of 1.48.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings data on Tuesday, October 21st. The basic materials company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.11. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.74 billion. Steel Dynamics had a net margin of 6.39% and a return on equity of 12.89%. Steel Dynamics’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.05 EPS.

Hedge Funds Weigh In On Steel Dynamics

Several hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Steel Dynamics in the second quarter valued at $339,769,000. Boston Partners acquired a new stake in shares of Steel Dynamics during the third quarter worth about $101,254,000. Nordea Investment Management AB lifted its holdings in shares of Steel Dynamics by 43.3% in the 2nd quarter. Nordea Investment Management AB now owns 2,088,372 shares of the basic materials company’s stock valued at $271,238,000 after purchasing an additional 630,935 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Steel Dynamics by 40.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,675,973 shares of the basic materials company’s stock valued at $214,541,000 after purchasing an additional 484,304 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Steel Dynamics in the 2nd quarter valued at about $48,746,000. 82.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Steel Dynamics news, SVP Miguel Alvarez sold 8,251 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $162.79, for a total value of $1,343,180.29. Following the sale, the senior vice president directly owned 117,068 shares in the company, valued at $19,057,499.72. This trade represents a 6.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is owned by company insiders.

Steel Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.2%. Steel Dynamics’s payout ratio is presently 26.49%.

About Steel Dynamics

Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.

The company’s product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.