Seaport Res Ptn Weighs in on Steel Dynamics FY2025 Earnings

Steel Dynamics, Inc. (NASDAQ:STLD) – Investment analysts at Seaport Res Ptn dropped their FY2025 earnings per share (EPS) estimates for shares of Steel Dynamics in a research report issued to clients and 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 estimate of $9.24. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.70 per share.

A number of other brokerages have also recently issued reports on STLD. Bank of America raised shares of Steel Dynamics from a “neutral” rating to a “buy” rating and lifted their price target for the company from $140.00 to $155.00 in a research report on Tuesday, October 1st. BNP Paribas raised Steel Dynamics from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their target price on Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Jefferies Financial Group reduced 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. Finally, UBS Group reiterated a “neutral” rating and issued a $149.00 price target (up previously from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $140.88.

Steel Dynamics Stock Performance

Shares of Steel Dynamics stock 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 firm has a market capitalization of $18.98 billion, a P/E ratio of 11.28 and a beta of 1.36. 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 business has a fifty day simple moving average of $128.30 and a two-hundred day simple moving average of $126.44.

Steel Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.48%. Steel Dynamics’s dividend payout ratio (DPR) is 16.65%.

Insider Buying and Selling

In other news, SVP Miguel Alvarez sold 6,650 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $143.00, for a total value of $950,950.00. Following the transaction, the senior vice president now owns 116,949 shares in the company, valued at $16,723,707. This represents a 5.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Chad Bickford sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $134.86, for a total transaction of $269,720.00. Following the sale, the vice president now owns 17,100 shares of the company’s stock, valued at $2,306,106. This trade represents a 10.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,650 shares of company stock worth $1,498,170. 6.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of STLD. Holocene Advisors LP raised its holdings in Steel Dynamics by 85.8% in the 3rd quarter. Holocene Advisors LP now owns 2,295,365 shares of the basic materials company’s stock worth $289,400,000 after purchasing an additional 1,060,007 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of Steel Dynamics by 116.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,018,668 shares of the basic materials company’s stock worth $128,434,000 after buying an additional 548,086 shares during the period. Nordea Investment Management AB lifted its position in shares of 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 buying an additional 253,802 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Steel Dynamics by 192.4% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 250,621 shares of the basic materials company’s stock valued at $28,577,000 after acquiring an additional 164,895 shares during the period. Finally, World Investment Advisors LLC bought a new stake in Steel Dynamics during the 3rd quarter worth approximately $15,880,000. Hedge funds and other institutional investors own 82.41% of the company’s stock.

About Steel Dynamics

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.