Seaport Res Ptn Weighs in on Steel Dynamics Q1 Earnings

Steel Dynamics, Inc. (NASDAQ:STLD) – Seaport Res Ptn issued their Q1 2025 earnings estimates for shares of Steel Dynamics in a report issued on Monday, March 10th. Seaport Res Ptn analyst M. Englert anticipates that the basic materials company will earn $1.25 per share for the quarter. The consensus estimate for Steel Dynamics’ current full-year earnings is $9.01 per share. Seaport Res Ptn also issued estimates for Steel Dynamics’ Q2 2025 earnings at $2.50 EPS, Q3 2025 earnings at $3.64 EPS, Q4 2025 earnings at $2.59 EPS, FY2025 earnings at $9.98 EPS and FY2026 earnings at $14.12 EPS.

A number of other research firms also recently issued reports on STLD. Jefferies Financial Group upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating and upped their target price for the company from $125.00 to $145.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. upped their target price on shares of Steel Dynamics from $132.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday. BNP Paribas upgraded shares of Steel Dynamics from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. StockNews.com upgraded shares of Steel Dynamics from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, KeyCorp upgraded shares of Steel Dynamics from a “sector weight” rating to an “overweight” rating and set a $155.00 target price on the stock in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.56.

Steel Dynamics Stock Up 2.3 %

Shares of NASDAQ:STLD opened at $123.53 on Thursday. The company has a quick ratio of 1.08, a current ratio of 2.53 and a debt-to-equity ratio of 0.32. Steel Dynamics has a 12 month low of $104.60 and a 12 month high of $155.56. The firm has a market cap of $18.55 billion, a P/E ratio of 12.61, a P/E/G ratio of 1.05 and a beta of 1.34. The company’s 50-day moving average price is $126.87 and its two-hundred day moving average price is $127.77.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings data on Wednesday, January 22nd. The basic materials company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates 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 in the prior year, the business posted $2.61 EPS.

Steel Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Steel Dynamics’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, March 31st. Steel Dynamics’s dividend payout ratio (DPR) is currently 20.41%.

Steel Dynamics announced that its Board of Directors has approved a stock repurchase program on Monday, February 24th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the basic materials company to repurchase up to 7.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity at Steel Dynamics

In other Steel Dynamics news, SVP Glenn Pushis sold 23,649 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $134.67, for a total transaction of $3,184,810.83. Following the sale, the senior vice president now directly owns 122,140 shares in the company, valued at approximately $16,448,593.80. This trade represents a 16.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 6.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Steel Dynamics

Several hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in Steel Dynamics by 8.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,628,403 shares of the basic materials company’s stock worth $642,033,000 after buying an additional 451,630 shares during the period. Geode Capital Management LLC raised its holdings 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 worth $419,697,000 after buying an additional 30,350 shares during the period. Capital Research Global Investors raised its holdings in Steel Dynamics by 29.4% during the 4th quarter. Capital Research Global Investors now owns 3,592,670 shares of the basic materials company’s stock worth $409,816,000 after buying an additional 815,629 shares during the period. First Trust Advisors LP raised its holdings in Steel Dynamics by 14.1% during the 4th quarter. First Trust Advisors LP now owns 3,179,062 shares of the basic materials company’s stock worth $362,636,000 after buying an additional 393,516 shares during the period. Finally, Norges Bank acquired a new stake in Steel Dynamics during the 4th quarter worth approximately $336,426,000. 82.41% of the stock is currently owned by institutional investors and hedge funds.

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.