Steel Dynamics Q4 EPS Estimate Reduced by Seaport Res Ptn

Key Points

• Seaport Res Ptn has reduced its Q4 2026 earnings forecast for Steel Dynamics from $3.57 to $3.55 per share, in light of current market conditions.
• Wells Fargo and JPMorgan have raised their target prices for Steel Dynamics to $150.00, reflecting positive sentiment despite recent EPS misses.
• Steel Dynamics announced a quarterly dividend of $0.50 per share, representing an annualized yield of 1.5%, with increases in institutional ownership noted recently.

Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) - Research analysts at Seaport Res Ptn decreased their Q4 2026 EPS estimates for Steel Dynamics in a research note issued on Monday, September 15th. Seaport Res Ptn analyst M. Englert now anticipates that the basic materials company will post earnings per share of $3.55 for the quarter, down from their previous estimate of $3.57. The consensus estimate for Steel Dynamics' current full-year earnings is $9.01 per share.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Steel Dynamics from $138.00 to $150.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Wells Fargo & Company raised their price objective on shares of Steel Dynamics from $143.00 to $150.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Morgan Stanley raised their price objective on shares of Steel Dynamics from $140.00 to $145.00 and gave the company an "overweight" rating in a research note on Friday, June 20th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $149.40.

Steel Dynamics Price Performance

Shares of NASDAQ STLD traded down $0.57 during mid-day trading on Thursday, reaching $139.27. 2,810,449 shares of the company traded hands, compared to its average volume of 1,187,503. Steel Dynamics has a fifty-two week low of $103.17 and a fifty-two week high of $155.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.13 and a quick ratio of 1.34. The firm has a market cap of $20.50 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.14 and a beta of 1.40. The stock has a fifty day simple moving average of $129.77 and a 200-day simple moving average of $128.26.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The basic materials company reported $2.01 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.04). Steel Dynamics had a net margin of 6.07% and a return on equity of 11.88%. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the previous year, the business posted $2.72 EPS. Steel Dynamics's revenue for the quarter was down 1.5% compared to the same quarter last year.

Steel Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 30th. Steel Dynamics's dividend payout ratio (DPR) is presently 29.15%.

Insiders Place Their Bets

In related news, SVP Christopher A. Graham sold 12,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $126.71, for a total transaction of $1,520,520.00. Following the completion of the sale, the senior vice president directly owned 66,738 shares in the company, valued at approximately $8,456,371.98. This trade represents a 15.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.30% of the company's stock.

Institutional Trading of Steel Dynamics

A number of large investors have recently added to or reduced their stakes in STLD. Norges Bank acquired a new position in Steel Dynamics in the 2nd quarter worth approximately $339,769,000. Victory Capital Management Inc. boosted its stake in Steel Dynamics by 433.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,816,525 shares of the basic materials company's stock worth $227,211,000 after purchasing an additional 1,475,767 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Steel Dynamics by 25.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,066,300 shares of the basic materials company's stock worth $883,854,000 after purchasing an additional 1,437,897 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Steel Dynamics by 531.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,191,669 shares of the basic materials company's stock worth $149,054,000 after purchasing an additional 1,002,813 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Steel Dynamics by 43.3% in the 2nd quarter. Nordea Investment Management AB now owns 2,088,372 shares of the basic materials company's stock worth $271,238,000 after purchasing an additional 630,935 shares during the period. 82.41% of the stock is currently 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.