KeyCorp Decreases Earnings Estimates for Steel Dynamics

Steel Dynamics, Inc. (NASDAQ:STLD) – Equities researchers at KeyCorp reduced their FY2025 earnings estimates for Steel Dynamics in a research report issued on Tuesday, January 6th. KeyCorp analyst P. Gibbs now expects that the basic materials company will post earnings of $7.95 per share for the year, down from their prior estimate of $10.25. KeyCorp has a “Overweight” rating and a $190.00 price objective on the stock. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.01 per share. KeyCorp also issued estimates for Steel Dynamics’ FY2026 earnings at $13.25 EPS.

A number of other analysts have also recently commented on STLD. UBS Group set a $165.00 price objective on Steel Dynamics in a research report on Tuesday, November 4th. Wells Fargo & Company lifted their price target on shares of Steel Dynamics from $172.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Jefferies Financial Group upped their price objective on shares of Steel Dynamics from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Morgan Stanley increased their price objective on shares of Steel Dynamics from $145.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, October 24th. Finally, The Goldman Sachs Group set a $172.00 target price on shares of Steel Dynamics and gave the stock a “neutral” rating in a research note on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Steel Dynamics has a consensus rating of “Moderate Buy” and a consensus target price of $179.67.

Steel Dynamics Stock Performance

NASDAQ STLD opened at $172.16 on Friday. The stock has a market capitalization of $25.14 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 0.70 and a beta of 1.48. The stock has a 50-day moving average of $165.37 and a 200 day moving average of $145.64. The company has a current ratio of 3.11, a quick ratio of 1.47 and a debt-to-equity ratio of 0.43. Steel Dynamics has a twelve month low of $103.17 and a twelve month high of $178.36.

Steel Dynamics (NASDAQ:STLD) last posted its earnings results on Tuesday, October 21st. The basic materials company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.11. Steel Dynamics had a net margin of 6.39% and a return on equity of 12.89%. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the company posted $2.05 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis.

Steel Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 31st will be issued a $0.50 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 1.2%. Steel Dynamics’s dividend payout ratio is presently 26.49%.

Insiders Place Their Bets

In other news, SVP Miguel Alvarez sold 8,251 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $162.79, for a total transaction of $1,343,180.29. Following the transaction, the senior vice president directly owned 117,068 shares in the company, valued at $19,057,499.72. The trade was a 6.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Steel Dynamics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ninety One UK Ltd lifted its stake in Steel Dynamics by 33.5% during the 3rd quarter. Ninety One UK Ltd now owns 119,863 shares of the basic materials company’s stock worth $16,712,000 after acquiring an additional 30,102 shares in the last quarter. Allworth Financial LP increased its stake in Steel Dynamics by 119.3% during the second quarter. Allworth Financial LP now owns 11,012 shares of the basic materials company’s stock worth $1,410,000 after purchasing an additional 5,991 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Steel Dynamics by 21.9% during the second quarter. Nomura Asset Management Co. Ltd. now owns 88,558 shares of the basic materials company’s stock worth $11,336,000 after purchasing an additional 15,931 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in shares of Steel Dynamics in the third quarter valued at approximately $1,315,000. Finally, Edgestream Partners L.P. grew its holdings in shares of Steel Dynamics by 477.1% in the second quarter. Edgestream Partners L.P. now owns 32,427 shares of the basic materials company’s stock valued at $4,151,000 after purchasing an additional 26,808 shares in the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Steel Dynamics Company Profile

Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.

The company’s product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.