KeyCorp Estimates Steel Dynamics FY2026 Earnings

Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) - Equities researchers at KeyCorp issued their FY2026 earnings per share (EPS) estimates for shares of Steel Dynamics in a research report issued to clients and investors on Monday, February 10th. KeyCorp analyst P. Gibbs forecasts that the basic materials company will post earnings per share of $12.65 for the year. KeyCorp currently has a "Overweight" rating and a $155.00 target price on the stock. The consensus estimate for Steel Dynamics' current full-year earnings is $8.90 per share.

Other research analysts also recently issued reports about the company. StockNews.com raised Steel Dynamics from a "sell" rating to a "hold" rating in a research note on Thursday. BNP Paribas raised Steel Dynamics from a "neutral" rating to an "outperform" rating in a research note on Friday, January 3rd. Morgan Stanley raised their price objective 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. UBS Group reissued a "neutral" rating and issued a $149.00 price objective (up from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group started coverage on Steel Dynamics in a research note on Monday, December 2nd. They issued a "neutral" rating and a $155.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Steel Dynamics has a consensus rating of "Hold" and a consensus target price of $146.22.

Steel Dynamics Stock Up 2.2 %

Shares of STLD traded up $2.95 during midday trading on Wednesday, reaching $135.83. 1,608,294 shares of the stock were exchanged, compared to its average volume of 1,674,464. Steel Dynamics has a 12-month low of $104.60 and a 12-month high of $155.56. The firm has a 50 day simple moving average of $123.36 and a 200-day simple moving average of $126.48. The company has a quick ratio of 1.08, a current ratio of 2.53 and a debt-to-equity ratio of 0.32. The company has a market cap of $20.68 billion, a price-to-earnings ratio of 13.86 and a beta of 1.35.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share 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 previous year, the company earned $2.61 EPS.

Insider Buying and Selling at Steel Dynamics

In other news, SVP Glenn Pushis sold 23,649 shares of Steel Dynamics 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 sale, the senior vice president now owns 122,140 shares of the company's stock, valued at approximately $16,448,593.80. This trade represents a 16.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.00% of the company's stock.

Institutional Trading of Steel Dynamics

Institutional investors have recently modified their holdings of the company. Harbour Capital Advisors LLC grew its holdings in shares of Steel Dynamics by 133.7% during the 4th quarter. Harbour Capital Advisors LLC now owns 11,499 shares of the basic materials company's stock worth $1,301,000 after purchasing an additional 6,579 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Steel Dynamics during the 4th quarter worth approximately $1,725,000. Foster & Motley Inc. lifted its position in shares of Steel Dynamics by 8.0% during the 4th quarter. Foster & Motley Inc. now owns 35,299 shares of the basic materials company's stock worth $4,027,000 after buying an additional 2,602 shares during the period. Larson Financial Group LLC lifted its position in shares of Steel Dynamics by 9,465.5% during the 3rd quarter. Larson Financial Group LLC now owns 18,844 shares of the basic materials company's stock worth $2,376,000 after buying an additional 18,647 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of Steel Dynamics by 22.4% during the 4th quarter. Nordea Investment Management AB now owns 1,384,526 shares of the basic materials company's stock worth $158,487,000 after buying an additional 253,802 shares during the period. Institutional investors and hedge funds own 82.41% of the company's stock.

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.