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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
NASDAQ:STLD

Steel Dynamics (STLD) Stock Price, News & Analysis

$136.07
-2.86 (-2.06%)
(As of 04/18/2024 ET)
Today's Range
$135.26
$140.00
50-Day Range
$118.37
$149.26
52-Week Range
$90.55
$151.34
Volume
1.33 million shs
Average Volume
1.18 million shs
Market Capitalization
$21.49 billion
P/E Ratio
9.33
Dividend Yield
1.35%
Price Target
$120.29

Steel Dynamics MarketRank™ Stock Analysis

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
11.6% Downside
$120.29 Price Target
Short Interest
Healthy
3.07% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.06
Upright™ Environmental Score
News Sentiment
0.75mentions of Steel Dynamics in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-6.38%
From $11.60 to $10.86 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.70 out of 5 stars

Basic Materials Sector

54th out of 174 stocks

Blast Furnaces & Steel Mills Industry

3rd out of 11 stocks

STLD stock logo

About Steel Dynamics Stock (NASDAQ:STLD)

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. This segment also engages in turning, polishing, straightening, chamfering, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The Metals Recycling Operations segment is involved in the ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast-iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. The Steel Fabrication Operations segment produces steel non-residential building components, such as steel joists, girders, trusses, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, owners, brokers, and governmental entities, as well as e-commerce warehouses, data centers, metal buildings, and education and commercial building projects. The Aluminum Operations segment offers recycled aluminum flat rolled products. The company also exports its products. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.

STLD Stock Price History

STLD Stock News Headlines

Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Steel Dynamics (STLD) Set to Announce Earnings on Tuesday
Why Ternium Is the World's Best Steel Company
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Miners Cheer As China's Manufacturers Continue To Increase Pace
Steel Dynamics Inc's Dividend Analysis
ECL Jun 2024 200.000 put
STLD Aug 2024 60.000 put
What Analysts Are Saying About Steel Dynamics Stock
STLD Apr 2024 160.000 call
Why Steel Dynamics Shares Are Up Today
STLD Feb 2025 170.000 call
Steel Dynamics Issues Q1 Earnings Guidance
See More Headlines
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Company Calendar

Last Earnings
1/23/2024
Ex-Dividend for 4/14 Dividend
3/27/2024
Dividend Payable
4/14/2024
Today
4/18/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
Current Symbol
NASDAQ:STLD
CUSIP
85811910
Employees
12,600
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$120.29
High Stock Price Target
$160.00
Low Stock Price Target
$102.00
Potential Upside/Downside
-13.4%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$2.45 billion
Pretax Margin
17.13%

Debt

Sales & Book Value

Annual Sales
$18.80 billion
Cash Flow
$18.07 per share
Book Value
$53.57 per share

Miscellaneous

Free Float
148,470,000
Market Cap
$21.94 billion
Optionable
Optionable
Beta
1.42

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Should I Buy Steel Dynamics Stock? STLD Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Steel Dynamics, Inc.:

  • Steel Dynamics, Inc. operates as a steel producer and metal recycler in the United States, providing a diversified portfolio of steel products used in various industries such as construction, automotive, and manufacturing.
  • The company offers a range of steel products including hot rolled, cold rolled, and coated steel products, as well as specialty shapes and light structural steel products, catering to different market demands.
  • Steel Dynamics, Inc. engages in metal recycling operations, processing both ferrous and nonferrous scrap metal, which can contribute to sustainable practices and cost-efficiency in production.
  • The company's Steel Fabrication Operations segment produces steel non-residential building components, serving a wide customer base including developers, contractors, and governmental entities, indicating a diverse revenue stream.
  • Recent financial reports show a positive trend in the company's performance, with potential growth opportunities and a competitive position in the steel industry.

Cons

Investors should be bearish about investing in Steel Dynamics, Inc. for these reasons:

  • Steel industry dynamics are subject to market fluctuations and global economic conditions, impacting the demand and pricing of steel products, which can pose risks to the company's financial performance.
  • Competition within the steel industry is intense, with other major players vying for market share, potentially affecting Steel Dynamics, Inc.'s profitability and market position.
  • Changes in trade policies and tariffs on steel imports and exports can influence the company's operations and financial results, leading to uncertainties in the business environment.
  • Investing in steel companies involves exposure to commodity price volatility, as steel prices are influenced by factors like supply-demand dynamics, raw material costs, and global trade conditions.
  • Market conditions and regulatory changes can impact the company's growth prospects and profitability, requiring investors to closely monitor industry trends and economic developments.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Steel Dynamics pros and cons to contact@marketbeat.com.

STLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Steel Dynamics stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" STLD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STLD, but not buy additional shares or sell existing shares.
View STLD analyst ratings
or view top-rated stocks.

What is Steel Dynamics' stock price target for 2024?

7 analysts have issued 12 month price targets for Steel Dynamics' stock. Their STLD share price targets range from $102.00 to $160.00. On average, they anticipate the company's stock price to reach $120.29 in the next twelve months. This suggests that the stock has a possible downside of 11.6%.
View analysts price targets for STLD
or view top-rated stocks among Wall Street analysts.

How have STLD shares performed in 2024?

Steel Dynamics' stock was trading at $118.10 at the beginning of 2024. Since then, STLD shares have increased by 15.2% and is now trading at $136.07.
View the best growth stocks for 2024 here
.

When is Steel Dynamics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our STLD earnings forecast
.

How can I listen to Steel Dynamics' earnings call?

Steel Dynamics will be holding an earnings conference call on Wednesday, April 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) issued its quarterly earnings data on Tuesday, January, 23rd. The basic materials company reported $2.61 earnings per share for the quarter, missing analysts' consensus estimates of $2.63 by $0.02. The basic materials company earned $4.23 billion during the quarter, compared to the consensus estimate of $4.22 billion. Steel Dynamics had a trailing twelve-month return on equity of 29.49% and a net margin of 13.04%. The firm's revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.37 EPS.

How often does Steel Dynamics pay dividends? What is the dividend yield for Steel Dynamics?

Steel Dynamics declared a quarterly dividend on Monday, February 26th. Shareholders of record on Sunday, March 31st will be paid a dividend of $0.46 per share on Sunday, April 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from the stock's previous quarterly dividend of $0.43.
Read our dividend analysis for STLD
.

Is Steel Dynamics a good dividend stock?

Steel Dynamics (NASDAQ:STLD) pays an annual dividend of $1.84 per share and currently has a dividend yield of 1.32%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 12.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 16.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STLD.

How will Steel Dynamics' stock buyback program work?

Steel Dynamics announced that its board has initiated a share buyback plan on Friday, November 3rd 2023, which allows the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

What guidance has Steel Dynamics issued on next quarter's earnings?

Steel Dynamics updated its first quarter 2024 earnings guidance on Friday, March, 15th. The company provided EPS guidance of 3.510-3.550 for the period, compared to the consensus estimate of 3.320. The company issued revenue guidance of -.

What is Mark Millet's approval rating as Steel Dynamics' CEO?

40 employees have rated Steel Dynamics Chief Executive Officer Mark Millet on Glassdoor.com. Mark Millet has an approval rating of 99% among the company's employees. This puts Mark Millet in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Steel Dynamics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Steel Dynamics investors own include AK Steel (AKS), Micron Technology (MU), Energy Transfer (ET), AT&T (T), Advanced Micro Devices (AMD), AbbVie (ABBV), NVIDIA (NVDA), Cisco Systems (CSCO), Hill-Rom (HRC) and JPMorgan Chase & Co. (JPM).

Who are Steel Dynamics' major shareholders?

Steel Dynamics' stock is owned by many different institutional and retail investors. Top institutional shareholders include BTC Capital Management Inc. (0.05%), Artemis Investment Management LLP (0.04%), Hennessy Advisors Inc. (0.04%), Gateway Investment Advisers LLC (0.04%), Signet Financial Management LLC (0.03%) and New Mexico Educational Retirement Board (0.02%). Insiders that own company stock include Bradley S Seaman, Christopher A Graham, Gabriel Shaheen, Glenn Pushis, James C Marcuccilli, Keith E Busse, Mark D Millett, Miguel Alvarez and Theresa E Wagler.
View institutional ownership trends
.

How do I buy shares of Steel Dynamics?

Shares of STLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Steel Dynamics have any subsidiaries?
The following companies are subsidiares of Steel Dynamics: Kentucky Electric Steel, Mesabi Nugget Delaware LLC, New Millennium Building Systems LLC, OmniSource Corporation, OmniSource LLC (f/k/a OmniSource Corporation), Roanoke Electric Steel Corporation, STLD Holdings Inc., Severstal, Steel Dynamics Columbus LLC, Steel Dynamics Enterprises Inc., Steel Dynamics Heartland LLC, Steel Dynamics Sales North America Inc., Steel of West Virginia Inc., The Techs Industries Inc., United Steel Supply LLC, Vulcan Threaded Products, and Vulcan Threaded Products Inc..
Read More
This page (NASDAQ:STLD) was last updated on 4/18/2024 by MarketBeat.com Staff

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