KeyCorp Comments on Steel Dynamics FY2026 Earnings

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

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings data on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company earned $2.61 EPS.

Other equities analysts have also recently issued reports about the stock. UBS Group reiterated a “neutral” rating and set a $149.00 target price (up from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. 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 note on Friday, January 24th. StockNews.com upgraded shares of Steel Dynamics from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley increased their price objective on shares of Steel Dynamics from $131.00 to $145.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group assumed coverage on shares of Steel Dynamics in a research note on Monday, December 2nd. They issued a “neutral” rating and a $155.00 price objective for the company. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $146.22.

Steel Dynamics Price Performance

NASDAQ:STLD opened at $132.30 on Wednesday. The stock has a market cap of $20.14 billion, a P/E ratio of 13.50 and a beta of 1.35. Steel Dynamics has a one year low of $104.60 and a one year high of $155.56. The company has a fifty day moving average price of $123.50 and a 200 day moving average price of $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.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in Steel Dynamics during the 4th quarter worth approximately $336,426,000. Holocene Advisors LP raised its holdings in Steel Dynamics by 85.8% during the 3rd quarter. Holocene Advisors LP now owns 2,295,365 shares of the basic materials company’s stock worth $289,400,000 after buying an additional 1,060,007 shares during the period. Lord Abbett & CO. LLC raised its holdings in Steel Dynamics by 116.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,018,668 shares of the basic materials company’s stock worth $128,434,000 after buying an additional 548,086 shares during the period. Nordea Investment Management AB raised its holdings in Steel Dynamics by 22.4% during the 4th quarter. Nordea Investment Management AB now owns 1,384,526 shares of the basic materials company’s stock worth $158,487,000 after buying an additional 253,802 shares during the period. Finally, ExodusPoint Capital Management LP raised its holdings in Steel Dynamics by 90.3% during the 4th quarter. ExodusPoint Capital Management LP now owns 406,343 shares of the basic materials company’s stock worth $46,352,000 after buying an additional 192,767 shares during the period. Institutional investors own 82.41% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Richard A. Poinsatte sold 2,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,927,763.75. This trade represents a 8.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Glenn Pushis sold 23,649 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 122,140 shares in the company, valued at $16,448,593.80. This trade represents a 16.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

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.