KeyCorp Predicts Steel Dynamics FY2025 Earnings

Steel Dynamics, Inc. (NASDAQ:STLD) – Stock analysts at KeyCorp issued their FY2025 earnings estimates for Steel Dynamics in a research report issued to clients and investors on Tuesday, January 21st. KeyCorp analyst P. Gibbs forecasts that the basic materials company will post earnings of $8.15 per share for the year. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.70 per share.

Several other research firms have also recently weighed in on STLD. Citigroup decreased their price objective on shares of Steel Dynamics from $160.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, December 19th. UBS Group reiterated a “neutral” rating and set a $149.00 target price (up from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. Bank of America upgraded Steel Dynamics from a “neutral” rating to a “buy” rating and raised their price target for the stock from $140.00 to $155.00 in a research note on Tuesday, October 1st. StockNews.com cut Steel Dynamics from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Jefferies Financial Group dropped their target price on Steel Dynamics from $145.00 to $125.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $140.88.

Steel Dynamics Price Performance

Shares of NASDAQ:STLD opened at $122.37 on Thursday. The business has a 50-day simple moving average of $127.61 and a two-hundred day simple moving average of $126.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 2.39. The firm has a market cap of $18.63 billion, a price-to-earnings ratio of 11.07 and a beta of 1.36. Steel Dynamics has a fifty-two week low of $104.60 and a fifty-two week high of $155.56.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.33). Steel Dynamics had a return on equity of 19.82% and a net margin of 9.80%. During the same period in the previous year, the firm posted $2.61 earnings per share.

Institutional Investors Weigh In On Steel Dynamics

Several institutional investors and hedge funds have recently modified their holdings of the stock. DMC Group LLC grew its stake in Steel Dynamics by 13.8% during the fourth quarter. DMC Group LLC now owns 5,569 shares of the basic materials company’s stock valued at $635,000 after acquiring an additional 674 shares in the last quarter. Foster & Motley Inc. grew its position in shares of Steel Dynamics by 8.0% during the fourth quarter. Foster & Motley Inc. now owns 35,299 shares of the basic materials company’s stock valued at $4,027,000 after purchasing an additional 2,602 shares in the last quarter. Manning & Napier Advisors LLC increased its holdings in shares of Steel Dynamics by 85.9% in the fourth quarter. Manning & Napier Advisors LLC now owns 21,504 shares of the basic materials company’s stock worth $2,453,000 after purchasing an additional 9,938 shares during the last quarter. Swedbank AB lifted its position in shares of Steel Dynamics by 4.5% in the fourth quarter. Swedbank AB now owns 219,076 shares of the basic materials company’s stock worth $24,990,000 after buying an additional 9,462 shares in the last quarter. Finally, Forsta AP Fonden lifted its position in shares of Steel Dynamics by 20.7% in the fourth quarter. Forsta AP Fonden now owns 37,900 shares of the basic materials company’s stock worth $4,323,000 after buying an additional 6,500 shares in the last quarter. Institutional investors own 82.41% of the company’s stock.

Insider Activity

In other Steel Dynamics news, VP Chad Bickford sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $134.86, for a total transaction of $269,720.00. Following the sale, the vice president now directly owns 17,100 shares of the company’s stock, valued at $2,306,106. This trade represents a 10.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Miguel Alvarez sold 6,650 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $143.00, for a total value of $950,950.00. Following the completion of the transaction, the senior vice president now owns 116,949 shares in the company, valued at $16,723,707. The trade was a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,650 shares of company stock valued at $1,498,170 in the last ninety days. Corporate insiders own 6.00% of the company’s stock.

Steel Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, December 31st. Steel Dynamics’s dividend payout ratio (DPR) is currently 16.65%.

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.