FY2025 EPS Estimates for Steel Dynamics Boosted by Analyst

Steel Dynamics, Inc. (NASDAQ:STLD) – Research analysts at KeyCorp upped their FY2025 earnings estimates for shares of Steel Dynamics in a report issued 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 forecast of $8.15. 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.

Several other equities research analysts have also commented on STLD. BNP Paribas upgraded shares of Steel Dynamics from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. UBS Group reiterated a “neutral” rating and set a $149.00 price target (up from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. Morgan Stanley lifted their price objective on shares of Steel Dynamics from $131.00 to $145.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. The Goldman Sachs Group initiated coverage on shares of Steel Dynamics in a research note on Monday, December 2nd. They issued a “neutral” rating and a $155.00 price objective on the stock. Finally, Jefferies Financial Group upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $145.00 in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Steel Dynamics currently has an average rating of “Hold” and an average price target of $146.22.

Steel Dynamics Price Performance

Steel Dynamics stock opened at $132.88 on Thursday. The stock has a market cap of $20.23 billion, a P/E ratio of 13.56 and a beta of 1.35. The company has a fifty day simple moving average of $123.38 and a 200-day simple moving average of $126.44. Steel Dynamics has a 12-month low of $104.60 and a 12-month high of $155.56. The company has a current ratio of 2.53, a quick ratio of 1.08 and a debt-to-equity ratio of 0.32.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 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 quarter in the previous year, the firm posted $2.61 earnings per share.

Insider Buying and Selling

In other Steel Dynamics news, SVP Glenn Pushis sold 23,649 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $134.67, for a total value of $3,184,810.83. Following the sale, the senior vice president now owns 122,140 shares of the company’s stock, valued at $16,448,593.80. This represents a 16.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Steel Dynamics

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Steel Dynamics by 0.8% in the fourth 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. Norges Bank acquired a new position in Steel Dynamics during the fourth quarter worth approximately $336,426,000. Holocene Advisors LP increased its position in Steel Dynamics by 85.8% during the third quarter. Holocene Advisors LP now owns 2,295,365 shares of the basic materials company’s stock worth $289,400,000 after purchasing an additional 1,060,007 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Steel Dynamics by 6.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,546,104 shares of the basic materials company’s stock worth $194,933,000 after purchasing an additional 96,122 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Steel Dynamics by 22.4% during the fourth quarter. Nordea Investment Management AB now owns 1,384,526 shares of the basic materials company’s stock worth $158,487,000 after purchasing an additional 253,802 shares during the last quarter. 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.