Seaport Res Ptn Predicts Steel Dynamics Q1 Earnings

Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) - Stock analysts at Seaport Res Ptn issued their Q1 2025 earnings per share estimates for Steel Dynamics in a report issued on Monday, March 10th. Seaport Res Ptn analyst M. Englert expects that the basic materials company will post earnings of $1.25 per share for the quarter. The consensus estimate for Steel Dynamics' current full-year earnings is $9.01 per share. Seaport Res Ptn also issued estimates for Steel Dynamics' Q2 2025 earnings at $2.50 EPS, Q3 2025 earnings at $3.64 EPS, Q4 2025 earnings at $2.59 EPS, FY2025 earnings at $9.98 EPS and FY2026 earnings at $14.12 EPS.

STLD has been the subject of a number of other reports. Morgan Stanley raised shares of Steel Dynamics from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $145.00 to $158.00 in a research note on Friday, March 7th. KeyCorp upgraded Steel Dynamics from a "sector weight" rating to an "overweight" rating and set a $155.00 price target on the stock in a report on Tuesday, February 11th. BNP Paribas upgraded Steel Dynamics from a "neutral" rating to an "outperform" rating in a report on Friday, January 3rd. Wolfe Research upgraded Steel Dynamics from an "underperform" rating to a "peer perform" rating in a research note on Thursday, February 27th. Finally, Citigroup reduced their price target on Steel Dynamics from $160.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Steel Dynamics presently has a consensus rating of "Moderate Buy" and an average target price of $148.56.

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Steel Dynamics Stock Up 3.2 %

Shares of Steel Dynamics stock traded up $3.89 on Thursday, hitting $127.14. The company had a trading volume of 1,562,834 shares, compared to its average volume of 1,369,968. The stock has a 50-day moving average of $127.38 and a 200-day moving average of $127.77. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.53 and a quick ratio of 1.08. Steel Dynamics has a twelve month low of $104.60 and a twelve month high of $155.56. The firm has a market capitalization of $19.09 billion, a P/E ratio of 12.97, a P/E/G ratio of 1.05 and a beta of 1.34.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.33). Steel Dynamics had a net margin of 8.76% and a return on equity of 17.32%. During the same period last year, the business earned $2.61 earnings per share.

Steel Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.57%. This is an increase from Steel Dynamics's previous quarterly dividend of $0.46. The ex-dividend date is Monday, March 31st. Steel Dynamics's payout ratio is presently 20.41%.

Steel Dynamics announced that its board has initiated a share repurchase program on Monday, February 24th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the basic materials company to reacquire up to 7.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other news, SVP Glenn Pushis sold 23,649 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $134.67, for a total transaction of $3,184,810.83. Following the transaction, the senior vice president now directly owns 122,140 shares in the company, valued at $16,448,593.80. The trade was a 16.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 6.10% of the company's stock.

Institutional Investors Weigh In On Steel Dynamics

Several hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Steel Dynamics by 8.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,628,403 shares of the basic materials company's stock valued at $642,033,000 after buying an additional 451,630 shares during the last quarter. Geode Capital Management LLC raised its stake in Steel Dynamics by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 3,688,494 shares of the basic materials company's stock valued at $419,697,000 after acquiring an additional 30,350 shares during the period. Capital Research Global Investors lifted its holdings in Steel Dynamics by 29.4% during the 4th quarter. Capital Research Global Investors now owns 3,592,670 shares of the basic materials company's stock valued at $409,816,000 after purchasing an additional 815,629 shares during the last quarter. First Trust Advisors LP boosted its position in Steel Dynamics by 14.1% during the fourth quarter. First Trust Advisors LP now owns 3,179,062 shares of the basic materials company's stock worth $362,636,000 after purchasing an additional 393,516 shares during the period. Finally, Norges Bank acquired a new position in shares of Steel Dynamics in the fourth quarter valued at $336,426,000. 82.41% of the stock is currently owned by institutional investors and hedge funds.

Steel Dynamics Company Profile

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.