Steel Dynamics (NASDAQ:STLD) Stock Rating Upgraded by KeyCorp

Steel Dynamics (NASDAQ:STLD) was upgraded by stock analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a $155.00 price target on the basic materials company’s stock. KeyCorp’s price objective would indicate a potential upside of 17.16% from the stock’s current price. KeyCorp also issued estimates for Steel Dynamics’ FY2026 earnings at $12.65 EPS.

Other research analysts have also issued research reports about the company. Jefferies Financial Group upgraded Steel Dynamics from a “hold” rating to a “buy” rating and increased their target price for the company from $125.00 to $145.00 in a research report on Friday, January 24th. BMO Capital Markets increased their target price on Steel Dynamics from $130.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Citigroup decreased their target price 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. Morgan Stanley increased their target price on Steel Dynamics from $131.00 to $145.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Finally, StockNews.com lowered Steel Dynamics from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Steel Dynamics presently has a consensus rating of “Hold” and a consensus target price of $146.22.

Steel Dynamics Price Performance

Shares of NASDAQ STLD opened at $132.30 on Tuesday. The stock has a market capitalization of $20.14 billion, a price-to-earnings ratio of 13.50 and a beta of 1.35. Steel Dynamics has a 12 month low of $104.60 and a 12 month high of $155.56. The firm’s 50 day simple moving average is $123.50 and its 200-day simple moving average is $126.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.53 and a quick ratio of 1.08.

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 last year, the firm posted $2.61 EPS. Analysts expect that Steel Dynamics will post 8.9 EPS for the current year.

Insider Buying and Selling at Steel Dynamics

In other news, SVP Glenn Pushis sold 23,649 shares of Steel Dynamics stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $134.67, for a total transaction of $3,184,810.83. Following the transaction, the senior vice president now owns 122,140 shares in the company, valued at $16,448,593.80. The trade was a 16.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Richard A. Poinsatte sold 2,000 shares of Steel Dynamics stock in a transaction on Friday, November 15th. The stock was 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 approximately $2,927,763.75. This represents a 8.66 % decrease in their position. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by insiders.

Institutional Trading of Steel Dynamics

Hedge funds and other institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in Steel Dynamics in the 3rd quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new position in Steel Dynamics in the 4th quarter valued at about $28,000. Private Trust Co. NA grew its position in Steel Dynamics by 532.6% in the 3rd quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 245 shares in the last quarter. IAG Wealth Partners LLC acquired a new position in Steel Dynamics in the 4th quarter valued at about $39,000. Finally, Avalon Trust Co acquired a new position in Steel Dynamics in the 4th quarter valued at about $42,000. 82.41% of the stock is owned by institutional investors and hedge funds.

About Steel Dynamics

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.