Zacks Research Reduces Earnings Estimates for Steel Dynamics

Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) - Analysts at Zacks Research lowered their Q2 2025 earnings per share (EPS) estimates for shares of Steel Dynamics in a note issued to investors on Wednesday, July 16th. Zacks Research analyst R. Department now expects that the basic materials company will post earnings of $2.03 per share for the quarter, down from their prior estimate of $2.34. The consensus estimate for Steel Dynamics' current full-year earnings is $9.01 per share. Zacks Research also issued estimates for Steel Dynamics' FY2025 earnings at $8.41 EPS, Q2 2026 earnings at $2.83 EPS, FY2026 earnings at $10.84 EPS and FY2027 earnings at $13.76 EPS.

STLD has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price target on Steel Dynamics from $138.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 14th. BMO Capital Markets upgraded shares of Steel Dynamics from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $135.00 to $145.00 in a research report on Monday, March 31st. UBS Group upgraded shares of Steel Dynamics from a "neutral" rating to a "buy" rating and set a $149.00 price target on the stock in a report on Monday, March 24th. Morgan Stanley increased their price objective on shares of Steel Dynamics from $140.00 to $145.00 and gave the company an "overweight" rating in a report on Friday, June 20th. Finally, Wall Street Zen cut Steel Dynamics from a "hold" rating to a "sell" rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $149.33.

Steel Dynamics Trading Up 0.4%

Shares of NASDAQ:STLD opened at $131.63 on Monday. The stock has a 50 day moving average of $131.65 and a 200 day moving average of $127.64. The company has a market cap of $19.54 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.04 and a beta of 1.37. Steel Dynamics has a 12-month low of $103.17 and a 12-month high of $155.56. The company has a current ratio of 2.74, a quick ratio of 1.38 and a debt-to-equity ratio of 0.44.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The basic materials company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.04. Steel Dynamics had a net margin of 6.80% and a return on equity of 13.26%. The firm had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.17 billion. During the same quarter in the prior year, the business earned $3.67 EPS.

Institutional Investors Weigh In On Steel Dynamics

A number of hedge funds and other institutional investors have recently bought and sold shares of STLD. Price T Rowe Associates Inc. MD raised its position in shares of 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 valued at $883,854,000 after purchasing an additional 1,437,897 shares during the last quarter. Geode Capital Management LLC grew its stake in Steel Dynamics by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 3,688,494 shares of the basic materials company's stock valued at $419,697,000 after purchasing an additional 30,350 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Steel Dynamics by 29.4% in the fourth quarter. Capital Research Global Investors now owns 3,592,670 shares of the basic materials company's stock valued at $409,816,000 after purchasing an additional 815,629 shares during the period. First Trust Advisors LP raised its stake in shares of Steel Dynamics by 14.1% in the fourth quarter. First Trust Advisors LP now owns 3,179,062 shares of the basic materials company's stock worth $362,636,000 after purchasing an additional 393,516 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Steel Dynamics in the fourth quarter worth about $336,426,000. Hedge funds and other institutional investors own 82.41% of the company's stock.

Insider Buying and Selling at Steel Dynamics

In other Steel Dynamics news, Director Gabriel Shaheen sold 1,254 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $134.11, for a total transaction of $168,173.94. Following the transaction, the director directly owned 81,812 shares in the company, valued at $10,971,807.32. This represents a 1.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Miguel Alvarez sold 7,495 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $135.26, for a total transaction of $1,013,773.70. Following the transaction, the senior vice president owned 125,319 shares in the company, valued at approximately $16,950,647.94. This represents a 5.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.

Steel Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Monday, June 30th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Monday, June 30th. Steel Dynamics's dividend payout ratio (DPR) is presently 26.42%.

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.

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