Q1 EPS Estimates for Steel Dynamics Decreased by Analyst

Steel Dynamics, Inc. (NASDAQ:STLD) – Research analysts at Zacks Research reduced their Q1 2025 earnings estimates for Steel Dynamics in a research note issued to investors on Wednesday, March 19th. Zacks Research analyst R. Department now forecasts that the basic materials company will earn $1.39 per share for the quarter, down from their previous forecast of $1.41. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.01 per share. Zacks Research also issued estimates for Steel Dynamics’ FY2027 earnings at $13.36 EPS.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share 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 firm posted $2.61 earnings per share.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Steel Dynamics from $132.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Wolfe Research raised shares of Steel Dynamics from an “underperform” rating to a “peer perform” rating in a research report on Thursday, February 27th. The Goldman Sachs Group started coverage on shares of Steel Dynamics in a research report on Monday, December 2nd. They issued a “neutral” rating and a $155.00 price objective on the stock. Citigroup cut their price objective on shares of 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, BNP Paribas raised shares of Steel Dynamics from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $148.56.

Steel Dynamics Stock Down 1.5 %

Steel Dynamics stock opened at $126.64 on Friday. The stock has a market capitalization of $19.02 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.05 and a beta of 1.34. 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 company has a 50 day moving average of $128.09 and a 200-day moving average of $127.98.

Hedge Funds Weigh In On Steel Dynamics

Institutional investors and hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Steel Dynamics in the third quarter valued at $25,000. ORG Wealth Partners LLC acquired a new position in shares of Steel Dynamics in the fourth quarter valued at $28,000. Private Trust Co. NA increased its holdings in shares of Steel Dynamics by 532.6% in the third quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 245 shares during the last quarter. IAG Wealth Partners LLC acquired a new position in shares of Steel Dynamics in the fourth quarter valued at $39,000. Finally, Investment Management Corp VA ADV acquired a new position in shares of Steel Dynamics in the fourth quarter valued at about $40,000. 82.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Steel Dynamics news, SVP Glenn Pushis sold 23,649 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $134.67, for a total value of $3,184,810.83. Following the transaction, the senior vice president now directly owns 122,140 shares in the company, valued at $16,448,593.80. The trade was a 16.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.00% of the company’s stock.

Steel Dynamics declared that its board has approved a stock buyback plan on Monday, February 24th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the basic materials company to repurchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Steel Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given a dividend of $0.50 per share. This is a positive change from Steel Dynamics’s previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a yield of 1.58%. The ex-dividend date is Monday, March 31st. Steel Dynamics’s dividend payout ratio is 20.41%.

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.