KeyCorp Weighs in on Steel Dynamics FY2025 Earnings

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

Steel Dynamics (NASDAQ:STLD) last posted its 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 net margin of 9.80% and a return on equity of 19.82%. During the same period in the prior year, the business posted $2.61 earnings per share.

A number of other research analysts also recently issued reports on the company. Jefferies Financial Group reduced their price objective on Steel Dynamics from $145.00 to $125.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Bank of America raised Steel Dynamics from a “neutral” rating to a “buy” rating and upped their price target for the company from $140.00 to $155.00 in a research report on Tuesday, October 1st. UBS Group restated 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. BMO Capital Markets increased their target price on shares of Steel Dynamics from $130.00 to $135.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, BNP Paribas upgraded shares of Steel Dynamics from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Steel Dynamics currently has a consensus rating of “Hold” and an average target price of $140.88.

Steel Dynamics Stock Performance

NASDAQ STLD opened at $122.89 on Thursday. The company has a fifty day moving average price of $127.92 and a 200-day moving average price of $126.41. The firm has a market cap of $18.71 billion, a price-to-earnings ratio of 11.12 and a beta of 1.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.39 and a quick ratio of 1.26. Steel Dynamics has a 1 year low of $104.60 and a 1 year high of $155.56.

Steel Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.84 annualized dividend and a yield of 1.50%. Steel Dynamics’s payout ratio is presently 16.65%.

Insider Transactions at Steel Dynamics

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

Hedge Funds Weigh In On Steel Dynamics

Several hedge funds have recently made changes to their positions in STLD. Canada Pension Plan Investment Board raised its holdings in Steel Dynamics by 5.8% in the second quarter. Canada Pension Plan Investment Board now owns 20,200 shares of the basic materials company’s stock worth $2,616,000 after purchasing an additional 1,100 shares in the last quarter. Sei Investments Co. lifted its position in Steel Dynamics by 19.6% during the 2nd quarter. Sei Investments Co. now owns 129,316 shares of the basic materials company’s stock valued at $16,750,000 after acquiring an additional 21,204 shares during the period. ProShare Advisors LLC grew its holdings in Steel Dynamics by 3.0% in the second quarter. ProShare Advisors LLC now owns 29,339 shares of the basic materials company’s stock worth $3,799,000 after purchasing an additional 850 shares during the period. Frank Rimerman Advisors LLC purchased a new stake in Steel Dynamics in the second quarter worth about $210,000. Finally, 1832 Asset Management L.P. increased its stake in shares of Steel Dynamics by 3.0% during the second quarter. 1832 Asset Management L.P. now owns 21,250 shares of the basic materials company’s stock valued at $2,752,000 after purchasing an additional 621 shares in the last quarter. 82.41% of the stock is owned by hedge funds and other institutional investors.

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.