FY2025 EPS Estimates for Steel Dynamics Reduced by Analyst

Steel Dynamics, Inc. (NASDAQ:STLD) – Research analysts at Seaport Res Ptn lowered their FY2025 earnings per share (EPS) estimates for Steel Dynamics in a research note issued to investors on Tuesday, January 21st. Seaport Res Ptn analyst M. Englert now expects that the basic materials company will earn $8.88 per share for the year, down from their prior forecast of $9.24. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.70 per share.

Several other research firms have also recently issued reports on STLD. BMO Capital Markets lifted their price objective on shares of Steel Dynamics from $130.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Bank of America upgraded shares of Steel Dynamics from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $140.00 to $155.00 in a research note on Tuesday, October 1st. UBS Group restated a “neutral” rating and set a $149.00 price objective (up previously from $145.00) on shares of Steel Dynamics in a research report on Thursday, December 12th. The Goldman Sachs Group initiated coverage on Steel Dynamics in a research report on Monday, December 2nd. They issued a “neutral” rating and a $155.00 target price on the stock. Finally, Jefferies Financial Group cut their price target on Steel Dynamics from $145.00 to $125.00 and set a “hold” rating for the company in a report on Monday, January 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $140.88.

Steel Dynamics Stock Down 0.9 %

NASDAQ STLD opened at $124.69 on Wednesday. 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 2.39, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The stock has a market cap of $18.98 billion, a PE ratio of 11.28 and a beta of 1.36. The stock’s 50 day moving average is $128.30 and its 200 day moving average is $126.44.

Institutional Investors Weigh In On Steel Dynamics

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Holocene Advisors LP increased its stake in shares of 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 valued at $289,400,000 after buying an additional 1,060,007 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Steel Dynamics by 6.6% during the 3rd 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 acquiring an additional 96,122 shares in the last quarter. Nordea Investment Management AB increased its position in Steel Dynamics by 22.4% during the 4th quarter. Nordea Investment Management AB now owns 1,384,526 shares of the basic materials company’s stock valued at $158,487,000 after purchasing an additional 253,802 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of Steel Dynamics by 116.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,018,668 shares of the basic materials company’s stock valued at $128,434,000 after purchasing an additional 548,086 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Steel Dynamics by 21.8% in the 3rd quarter. Barclays PLC now owns 448,942 shares of the basic materials company’s stock worth $56,603,000 after purchasing an additional 80,262 shares during the period. 82.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Miguel Alvarez sold 6,650 shares of Steel Dynamics stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $143.00, for a total transaction of $950,950.00. Following the completion of the sale, the senior vice president now owns 116,949 shares of the company’s stock, valued at approximately $16,723,707. The trade was a 5.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Richard A. Poinsatte sold 2,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 21,101 shares in the company, valued at approximately $2,927,763.75. This trade represents a 8.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,650 shares of company stock valued at $1,498,170. Company insiders own 6.10% of the company’s stock.

Steel Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were issued a $0.46 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.48%. Steel Dynamics’s dividend payout ratio (DPR) is presently 16.65%.

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.