KeyCorp Analysts Raise Earnings Estimates for Steel Dynamics

Steel Dynamics, Inc. (NASDAQ:STLD) – Analysts at KeyCorp raised their FY2025 EPS estimates for Steel Dynamics in a research report issued to clients and investors on Monday, February 10th. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will post earnings of $10.25 per share for the year, up from their previous forecast of $8.15. KeyCorp currently has a “Overweight” rating and a $155.00 price objective on the stock. The consensus estimate for Steel Dynamics’ current full-year earnings is $8.90 per share.

STLD has been the topic of several other research reports. Jefferies Financial Group upgraded Steel Dynamics from a “hold” rating to a “buy” rating and increased their price objective for the stock from $125.00 to $145.00 in a research report on Friday, January 24th. The Goldman Sachs Group initiated coverage on shares of Steel Dynamics in a research report on Monday, December 2nd. They set a “neutral” rating and a $155.00 price target on the stock. Citigroup cut 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. StockNews.com raised shares of Steel Dynamics from a “sell” rating to a “hold” rating in a report on Thursday. Finally, BMO Capital Markets boosted their price target on Steel Dynamics from $130.00 to $135.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Steel Dynamics presently has a consensus rating of “Hold” and an average target price of $146.22.

Steel Dynamics Price Performance

Steel Dynamics stock opened at $132.30 on Thursday. The company has a market capitalization of $20.14 billion, a price-to-earnings ratio of 13.50 and a beta of 1.35. 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 has a 12 month low of $104.60 and a 12 month high of $155.56. The stock’s 50 day moving average is $123.50 and its 200-day moving average is $126.40.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates 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 last year, the business posted $2.61 earnings per share.

Insider Buying and Selling at Steel Dynamics

In other news, SVP Glenn Pushis sold 23,649 shares of Steel Dynamics stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $134.67, for a total value of $3,184,810.83. Following the transaction, the senior vice president now owns 122,140 shares in the company, 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 SEC, which is accessible through this hyperlink. Also, SVP Richard A. Poinsatte sold 2,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $138.75, for a total value of $277,500.00. Following the transaction, the senior vice president now directly owns 21,101 shares of the company’s stock, valued at $2,927,763.75. This trade represents a 8.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Steel Dynamics

Several hedge funds and other institutional investors have recently made changes to their positions in STLD. Envestnet Asset Management Inc. boosted its position in Steel Dynamics by 4.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 222,356 shares of the basic materials company’s stock valued at $25,364,000 after buying an additional 9,822 shares in the last quarter. Aviva PLC lifted its stake in shares of Steel Dynamics by 1,414.6% in the 4th quarter. Aviva PLC now owns 88,543 shares of the basic materials company’s stock valued at $10,100,000 after acquiring an additional 82,697 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Steel Dynamics during the 4th quarter valued at $5,180,000. Wells Fargo & Company MN grew its position in Steel Dynamics by 7.2% during the 4th quarter. Wells Fargo & Company MN now owns 127,621 shares of the basic materials company’s stock worth $14,558,000 after acquiring an additional 8,553 shares during the last quarter. Finally, Bornite Capital Management LP grew its position in Steel Dynamics by 75.0% during the 4th quarter. Bornite Capital Management LP now owns 350,000 shares of the basic materials company’s stock worth $39,924,000 after acquiring an additional 150,000 shares during the last quarter. 82.41% of the stock is owned by institutional investors.

Steel Dynamics Company Profile

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.