Steel Dynamics Q1 EPS Forecast Decreased by Zacks Research

Steel Dynamics, Inc. (NASDAQ:STLD) – Research analysts at Zacks Research decreased their Q1 2025 earnings per share estimates for Steel Dynamics in a research report issued on Wednesday, March 19th. Zacks Research analyst R. Department now anticipates that the basic materials company will earn $1.39 per share for the quarter, down from their prior estimate of $1.41. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.01 per share. Zacks Research also issued estimates for Steel Dynamics’ FY2027 earnings at $13.36 EPS.

STLD has been the topic of several other research reports. Citigroup dropped their target price on Steel Dynamics from $160.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Morgan Stanley raised Steel Dynamics from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $145.00 to $158.00 in a report on Friday, March 7th. Jefferies Financial Group raised Steel Dynamics from a “hold” rating to a “buy” rating and increased their target price for the company from $125.00 to $145.00 in a report on Friday, January 24th. KeyCorp raised Steel Dynamics from a “sector weight” rating to an “overweight” rating and set a $155.00 target price on the stock in a report on Tuesday, February 11th. Finally, BNP Paribas raised Steel Dynamics from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Steel Dynamics currently has an average rating of “Moderate Buy” and a consensus price target of $148.56.

Steel Dynamics Stock Down 3.1 %

Steel Dynamics stock opened at $122.67 on Friday. Steel Dynamics has a twelve month low of $104.60 and a twelve month high of $155.56. The stock’s fifty day simple moving average is $128.22 and its 200-day simple moving average is $128.00. The company has a current ratio of 2.53, a quick ratio of 1.08 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $18.42 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.05 and a beta of 1.34.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings data 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 business posted $2.61 EPS.

Institutional Investors Weigh In On Steel Dynamics

Hedge funds have recently made changes to their positions in the business. Harbour Capital Advisors LLC boosted its stake in shares of Steel Dynamics by 133.7% during the fourth quarter. Harbour Capital Advisors LLC now owns 11,499 shares of the basic materials company’s stock worth $1,301,000 after buying an additional 6,579 shares during the period. Oak Thistle LLC acquired a new stake in shares of Steel Dynamics during the fourth quarter worth about $1,725,000. Foster & Motley Inc. boosted its stake 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 worth $4,027,000 after buying an additional 2,602 shares during the period. Larson Financial Group LLC boosted its stake in shares of Steel Dynamics by 9,465.5% during the third 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 boosted its stake in shares of 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 buying an additional 253,802 shares during the period. Institutional investors and hedge funds own 82.41% of the company’s stock.

Insider Buying and Selling at Steel Dynamics

In other news, SVP Glenn Pushis sold 23,649 shares of the 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 completion of the sale, the senior vice president now owns 122,140 shares in the company, valued at approximately $16,448,593.80. This represents a 16.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.00% of the stock is currently owned by insiders.

Steel Dynamics announced that its Board of Directors has approved a share buyback plan on Monday, February 24th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the basic materials company to reacquire up to 7.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Steel Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.63%. The ex-dividend date is Monday, March 31st. This is an increase from Steel Dynamics’s previous quarterly dividend of $0.46. Steel Dynamics’s dividend payout ratio is currently 20.41%.

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.