FY2025 EPS Estimates for Steel Dynamics Raised by KeyCorp

Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) - Equities research analysts at KeyCorp upped their FY2025 earnings per share estimates for Steel Dynamics in a report released on Monday, February 10th. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will post earnings per share of $10.25 for the year, up from their prior estimate of $8.15. KeyCorp currently has a "Overweight" rating and a $155.00 price target on the stock. The consensus estimate for Steel Dynamics' current full-year earnings is $8.90 per share.

A number of other analysts have also commented on STLD. Jefferies Financial Group raised Steel Dynamics from a "hold" rating to a "buy" rating and lifted their price target for the company from $125.00 to $145.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. dropped their price target on Steel Dynamics from $134.00 to $132.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. UBS Group reissued a "neutral" rating and issued a $149.00 price target (up from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. StockNews.com raised Steel Dynamics from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Morgan Stanley boosted their price target on Steel Dynamics from $131.00 to $145.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $146.22.

Steel Dynamics Trading Up 2.2 %

Shares of STLD stock traded up $2.95 during mid-day trading on Thursday, reaching $135.83. 1,608,294 shares of the stock traded hands, compared to its average volume of 1,674,464. The stock's fifty day simple moving average is $123.36 and its two-hundred day simple moving average is $126.42. Steel Dynamics has a 1-year low of $104.60 and a 1-year high of $155.56. The company has a market cap of $20.68 billion, a price-to-earnings ratio of 13.86 and a beta of 1.35. The company has a quick ratio of 1.08, a current ratio of 2.53 and a debt-to-equity ratio of 0.32.

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

Institutional Investors Weigh In On Steel Dynamics

Several hedge funds and other institutional investors have recently modified their holdings of STLD. Price T Rowe Associates Inc. MD grew its holdings in Steel Dynamics by 8.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,628,403 shares of the basic materials company's stock worth $642,033,000 after buying an additional 451,630 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Steel Dynamics by 0.8% during 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 buying an additional 30,350 shares during the last quarter. Capital Research Global Investors lifted its position in shares of 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 buying an additional 815,629 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Steel Dynamics by 14.1% during the 4th quarter. First Trust Advisors LP now owns 3,179,062 shares of the basic materials company's stock valued at $362,636,000 after buying an additional 393,516 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Steel Dynamics during the 4th quarter valued at $336,426,000. Institutional investors own 82.41% of the company's stock.

Insider Activity

In other news, SVP Glenn Pushis sold 23,649 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $134.67, for a total transaction of $3,184,810.83. Following the completion of the sale, the senior vice president now owns 122,140 shares in the company, valued at $16,448,593.80. The trade was a 16.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.00% of the company's stock.

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.