KeyCorp Forecasts Steel Dynamics FY2026 Earnings

Steel Dynamics, Inc. (NASDAQ:STLD) – Investment analysts at KeyCorp issued their FY2026 earnings per share estimates for shares of Steel Dynamics in a research note issued to investors on Tuesday, June 23rd. KeyCorp analyst S. Mckinney expects that the basic materials company will earn $16.30 per share for the year. KeyCorp currently has a “Overweight” rating and a $262.00 target price on the stock. The consensus estimate for Steel Dynamics’ current full-year earnings is $16.91 per share.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings data on Tuesday, April 21st. The basic materials company reported $2.78 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.01). The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.39 billion. Steel Dynamics had a net margin of 7.22% and a return on equity of 15.54%. The company’s revenue was up 19.1% compared to the same quarter last year. During the same period last year, the business earned $1.44 EPS.

Several other analysts have also recently weighed in on the company. Morgan Stanley boosted their price target on Steel Dynamics from $227.00 to $270.00 and gave the stock an “equal weight” rating in a report on Monday. Bank of America cut their target price on shares of Steel Dynamics from $285.00 to $280.00 and set a “neutral” rating on the stock in a research report on Thursday, June 18th. Wall Street Zen raised shares of Steel Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. JPMorgan Chase & Co. upped their price target on shares of Steel Dynamics from $192.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, April 14th. Finally, Citigroup raised their price target on shares of Steel Dynamics from $180.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.36.

Steel Dynamics Price Performance

Steel Dynamics stock opened at $251.00 on Friday. The company has a current ratio of 3.13, a quick ratio of 1.33 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $36.32 billion, a PE ratio of 26.84, a P/E/G ratio of 0.47 and a beta of 1.50. Steel Dynamics has a 12 month low of $119.89 and a 12 month high of $288.74. The stock has a 50-day moving average price of $243.35 and a two-hundred day moving average price of $202.56.

Steel Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.12 annualized dividend and a dividend yield of 0.8%. Steel Dynamics’s dividend payout ratio (DPR) is 22.67%.

Insider Activity at Steel Dynamics

In other news, SVP Miguel Alvarez sold 4,825 shares of Steel Dynamics stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $225.58, for a total value of $1,088,423.50. Following the completion of the sale, the senior vice president owned 122,257 shares in the company, valued at $27,578,734.06. The trade was a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP James Stanley Anderson sold 10,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $268.70, for a total transaction of $2,687,000.00. Following the transaction, the senior vice president owned 102,837 shares in the company, valued at $27,632,301.90. The trade was a 8.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 22,125 shares of company stock worth $5,438,226. Corporate insiders own 6.60% of the company’s stock.

Hedge Funds Weigh In On Steel Dynamics

Several institutional investors have recently made changes to their positions in the stock. Jacobi Capital Management LLC grew its stake in shares of Steel Dynamics by 1.6% in the 4th quarter. Jacobi Capital Management LLC now owns 3,533 shares of the basic materials company’s stock valued at $599,000 after buying an additional 55 shares during the period. Optas LLC increased its holdings in shares of Steel Dynamics by 3.0% during the fourth quarter. Optas LLC now owns 1,979 shares of the basic materials company’s stock valued at $335,000 after acquiring an additional 58 shares in the last quarter. Hohimer Wealth Management LLC increased its holdings in shares of Steel Dynamics by 1.1% during the fourth quarter. Hohimer Wealth Management LLC now owns 5,708 shares of the basic materials company’s stock valued at $967,000 after acquiring an additional 61 shares in the last quarter. Wright Investors Service Inc. raised its position in shares of Steel Dynamics by 1.2% during the fourth quarter. Wright Investors Service Inc. now owns 5,555 shares of the basic materials company’s stock worth $941,000 after purchasing an additional 64 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of Steel Dynamics by 2.7% in the 1st quarter. Kestra Private Wealth Services LLC now owns 2,396 shares of the basic materials company’s stock worth $431,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

About Steel Dynamics

Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.

The company’s product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.