Steel Dynamics (STLD) – Investment Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Steel Dynamics (NASDAQ: STLD):

• 2/3/2025 – Steel Dynamics had its price target raised by analysts at Morgan Stanley from $131.00 to $145.00. They now have an “equal weight” rating on the stock.
• 1/24/2025 – Steel Dynamics was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a $145.00 price target on the stock, up previously from $125.00.
• 1/23/2025 – Steel Dynamics was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/17/2025 – Steel Dynamics had its price target lowered by analysts at JPMorgan Chase & Co. from $134.00 to $132.00. They now have a “neutral” rating on the stock.
• 1/6/2025 – Steel Dynamics had its price target lowered by analysts at Jefferies Financial Group Inc. from $145.00 to $125.00. They now have a “hold” rating on the stock.
• 1/3/2025 – Steel Dynamics was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating.
• 12/19/2024 – Steel Dynamics had its price target lowered by analysts at Citigroup Inc. from $160.00 to $145.00. They now have a “buy” rating on the stock.
• 12/12/2024 – Steel Dynamics had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $149.00 price target on the stock, up previously from $145.00.

Steel Dynamics Trading Down 1.3 %

Shares of NASDAQ:STLD traded down $1.64 during trading on Tuesday, reaching $126.28. The stock had a trading volume of 947,071 shares, compared to its average volume of 1,741,413. The business has a fifty day moving average price of $125.39 and a 200-day moving average price of $126.25. The company has a quick ratio of 1.08, a current ratio of 2.53 and a debt-to-equity ratio of 0.32. The stock has a market cap of $19.22 billion, a P/E ratio of 12.89 and a beta of 1.35. Steel Dynamics, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $155.56.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.33). Steel Dynamics had a return on equity of 17.32% and a net margin of 8.76%. During the same quarter last year, the business posted $2.61 EPS. As a group, analysts anticipate that Steel Dynamics, Inc. will post 8.9 earnings per share for the current fiscal year.

Steel Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.84 annualized dividend and a yield of 1.46%. Steel Dynamics’s dividend payout ratio is currently 18.78%.

Insiders Place Their Bets

In related news, SVP Miguel Alvarez sold 6,650 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 116,949 shares of the company’s stock, valued at $16,723,707. This represents 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 on Friday, November 15th. The stock was sold at an average price of $138.75, for a total transaction of $277,500.00. Following the sale, the senior vice president now directly owns 21,101 shares in the company, valued at $2,927,763.75. This trade represents a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.

Institutional Trading of Steel Dynamics

A number of large investors have recently modified their holdings of the company. Crestwood Advisors Group LLC grew its position in Steel Dynamics by 3.8% in the 4th quarter. Crestwood Advisors Group LLC now owns 4,264 shares of the basic materials company’s stock valued at $486,000 after buying an additional 156 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Steel Dynamics in the 4th quarter valued at about $5,883,000. Union Bancaire Privee UBP SA bought a new position in Steel Dynamics in the 4th quarter valued at about $158,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Steel Dynamics by 42.0% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 96,729 shares of the basic materials company’s stock valued at $11,034,000 after buying an additional 28,600 shares in the last quarter. Finally, Fisher Funds Management LTD bought a new position in Steel Dynamics in the 4th quarter valued at about $13,283,000. Institutional investors and hedge funds own 82.41% of the company’s stock.

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.