KeyCorp Predicts Steel Dynamics FY2026 Earnings

Steel Dynamics, Inc. (NASDAQ:STLD) – Research analysts at KeyCorp issued their FY2026 earnings estimates for shares of Steel Dynamics in a report released on Monday, February 10th. KeyCorp analyst P. Gibbs anticipates that the basic materials company will post earnings per share of $12.65 for the year. KeyCorp has a “Overweight” rating and a $155.00 price objective on the stock. The consensus estimate for Steel Dynamics’ current full-year earnings is $8.90 per share.

A number of other equities research analysts also recently weighed in on STLD. JPMorgan Chase & Co. reduced their price target on shares of Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Jefferies Financial Group upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating and raised their target price for the company from $125.00 to $145.00 in a research report on Friday, January 24th. StockNews.com downgraded shares of Steel Dynamics from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. Citigroup reduced their price objective on Steel Dynamics from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, UBS Group reiterated a “neutral” rating and issued a $149.00 target price (up from $145.00) on shares of Steel Dynamics in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $146.22.

Steel Dynamics Stock Performance

NASDAQ:STLD opened at $134.86 on Wednesday. Steel Dynamics has a twelve month low of $104.60 and a twelve month high of $155.56. 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’s 50-day simple moving average is $123.68 and its 200 day simple moving average is $126.36. The firm has a market capitalization of $20.53 billion, a PE ratio of 13.76 and a beta of 1.35.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data 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 net margin of 8.76% and a return on equity of 17.32%. During the same quarter last year, the company earned $2.61 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Holocene Advisors LP lifted its stake in Steel Dynamics by 85.8% in the third quarter. Holocene Advisors LP now owns 2,295,365 shares of the basic materials company’s stock valued at $289,400,000 after buying an additional 1,060,007 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Steel Dynamics by 6.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,546,104 shares of the basic materials company’s stock valued at $194,933,000 after acquiring an additional 96,122 shares during the period. Nordea Investment Management AB boosted its stake in Steel Dynamics by 22.4% during the fourth quarter. Nordea Investment Management AB now owns 1,384,526 shares of the basic materials company’s stock worth $158,487,000 after acquiring an additional 253,802 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Steel Dynamics by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,374,907 shares of the basic materials company’s stock valued at $156,836,000 after purchasing an additional 11,672 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Steel Dynamics by 12.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,027,341 shares of the basic materials company’s stock valued at $117,189,000 after purchasing an additional 114,485 shares during the period. 82.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Steel Dynamics

In related news, SVP Richard A. Poinsatte sold 2,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $138.75, for a total value of $277,500.00. Following the transaction, the senior vice president now owns 21,101 shares in the company, valued at $2,927,763.75. The trade was a 8.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.00% of the stock is currently owned by company insiders.

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.