Steel Dynamics, Inc. (NASDAQ:STLD) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Consensus "Hold" from 10 analysts (1 sell, 4 hold, 5 buy) with an average 12‑month target of $182.44 versus the stock's recent price around $174.42.
• Steel Dynamics reported quarterly EPS of $1.82 (beat by $0.10) while revenue of $4.41B missed estimates but grew 14% year‑over‑year, and the company raised its quarterly dividend to $0.53 (annualized $2.12, ~1.2% yield).
• The company has a market cap of $25.27B, a trailing P/E of 21.8 and a 52‑week range of $103.17–$208.47, with institutional investors owning about 82.4% of the shares.

Shares of Steel Dynamics, Inc. (NASDAQ:STLD - Get Free Report) have received an average rating of "Hold" from the ten research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $182.4444.

Several research firms recently issued reports on STLD. Morgan Stanley reissued an "underperform" rating and issued a $190.00 target price on shares of Steel Dynamics in a research report on Tuesday, March 17th. KeyCorp assumed coverage on Steel Dynamics in a research note on Wednesday. They set an "overweight" rating and a $190.00 price target on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Steel Dynamics in a report on Monday, December 29th. Wall Street Zen cut Steel Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 7th. Finally, JPMorgan Chase & Co. decreased their target price on Steel Dynamics from $194.00 to $192.00 and set a "neutral" rating for the company in a report on Wednesday, March 18th.

Steel Dynamics Stock Up 0.5%

STLD stock opened at $174.42 on Friday. The stock has a market capitalization of $25.27 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 0.48 and a beta of 1.43. Steel Dynamics has a 52 week low of $103.17 and a 52 week high of $208.47. The company has a quick ratio of 1.29, a current ratio of 3.06 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $184.66 and a 200 day moving average of $166.24.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.10. Steel Dynamics had a net margin of 6.52% and a return on equity of 13.56%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.62 billion. During the same quarter in the prior year, the business posted $1.36 EPS. Steel Dynamics's revenue for the quarter was up 14.0% compared to the same quarter last year. Sell-side analysts forecast that Steel Dynamics will post 9.01 earnings per share for the current year.

Steel Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Steel Dynamics's previous quarterly dividend of $0.50. Steel Dynamics's dividend payout ratio (DPR) is presently 24.97%.

Institutional Trading of Steel Dynamics

A number of hedge funds and other institutional investors have recently made changes to their positions in STLD. NewEdge Advisors LLC lifted its position in Steel Dynamics by 307.5% during the first quarter. NewEdge Advisors LLC now owns 819 shares of the basic materials company's stock valued at $102,000 after purchasing an additional 618 shares during the period. Acadian Asset Management LLC grew its position in Steel Dynamics by 82.7% during the 1st quarter. Acadian Asset Management LLC now owns 3,485 shares of the basic materials company's stock worth $435,000 after purchasing an additional 1,578 shares during the period. Cetera Investment Advisers raised its stake in shares of Steel Dynamics by 4.0% during the 2nd quarter. Cetera Investment Advisers now owns 21,800 shares of the basic materials company's stock valued at $2,791,000 after buying an additional 843 shares during the last quarter. MAI Capital Management lifted its holdings in shares of Steel Dynamics by 40.6% in the 2nd quarter. MAI Capital Management now owns 1,728 shares of the basic materials company's stock valued at $221,000 after buying an additional 499 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Steel Dynamics by 3.6% in the 2nd quarter. Franklin Resources Inc. now owns 152,624 shares of the basic materials company's stock valued at $19,537,000 after buying an additional 5,368 shares during the period. Institutional investors and hedge funds own 82.41% of the company's stock.

About Steel Dynamics

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.

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