NASDAQ:STLD - Steel Dynamics Stock Price, Forecast & News

Steel Dynamics trades on the NASDAQ under the ticker symbol "STLD."

Steel Dynamics declared a quarterly dividend on Friday, November 22nd. Investors of record on Tuesday, December 31st will be given a dividend of $0.24 per share on Friday, January 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, December 30th. View Steel Dynamics' Dividend History.

Steel Dynamics announced that its Board of Directors has initiated a stock buyback plan on Tuesday, September 4th 2018, which permits the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Steel Dynamics, Inc. (NASDAQ:STLD) released its quarterly earnings data on Wednesday, October, 16th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.70 by $0.01. The basic materials company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.62 billion. Steel Dynamics had a return on equity of 22.08% and a net margin of 7.44%. During the same period in the prior year, the company earned $1.69 earnings per share. View Steel Dynamics' Earnings History.

Steel Dynamics is scheduled to release their next quarterly earnings announcement on Tuesday, January 28th 2020. View Earnings Estimates for Steel Dynamics.

Steel Dynamics issued an update on its third quarter earnings guidance on Tuesday, September, 17th. The company provided earnings per share (EPS) guidance of $0.66-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.72.

12 brokers have issued 1-year price objectives for Steel Dynamics' shares. Their forecasts range from $29.00 to $46.00. On average, they anticipate Steel Dynamics' share price to reach $34.42 in the next year. This suggests that the stock has a possible downside of 0.8%. View Analyst Price Targets for Steel Dynamics.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Steel Dynamics.

Media coverage about STLD stock has been trending positive this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Steel Dynamics earned a news sentiment score of 2.2 on InfoTrie's scale. They also assigned media coverage about the basic materials company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Steel Dynamics.

Steel Dynamics saw a increase in short interest during the month of November. As of November 29th, there was short interest totalling 5,010,000 shares, an increase of 6.8% from the November 14th total of 4,690,000 shares. Based on an average daily volume of 2,090,000 shares, the short-interest ratio is currently 2.4 days. Approximately 2.4% of the shares of the stock are short sold. View Steel Dynamics' Current Options Chain.

Some companies that are related to Steel Dynamics include Nucor (NUE), Reliance Steel & Aluminum (RS), Allegheny Technologies (ATI), Commercial Metals (CMC), Carpenter Technology (CRS), Cleveland-Cliffs (CLF), United States Steel (X), Worthington Industries (WOR), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Steel Dynamics investors own include AK Steel (AKS), Energy Transfer LP Unit (ET), Hill-Rom (HRC), Micron Technology (MU), Ford Motor (F), AT&T (T), Exxon Mobil (XOM), Nucor (NUE), NVIDIA (NVDA) and Advanced Micro Devices (AMD).

Steel Dynamics' stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (3.97%), Boston Partners (1.29%), Millennium Management LLC (0.51%), Sumitomo Mitsui Trust Holdings Inc. (0.49%), Teacher Retirement System of Texas (0.44%) and Robeco Institutional Asset Management B.V. (0.39%). Company insiders that own Steel Dynamics stock include Christopher A Graham, Gabriel Shaheen, Glenn Pushis, Jurgen Dr Kolb, Keith E Busse, Miguel Alvarez, Richard P Teets Jr, Russell B Rinn and Theresa E Wagler. View Institutional Ownership Trends for Steel Dynamics.

STLD stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Retirement Systems of Alabama, Teacher Retirement System of Texas, Virginia Retirement Systems ET AL, Bowling Portfolio Management LLC, State Street Corp, Denali Advisors LLC and SG Americas Securities LLC. View Insider Buying and Selling for Steel Dynamics.

STLD stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, Man Group plc, Mackay Shields LLC, Robeco Institutional Asset Management B.V., State of New Jersey Common Pension Fund D, Railway Pension Investments Ltd, California Public Employees Retirement System and Parametric Portfolio Associates LLC. Company insiders that have bought Steel Dynamics stock in the last two years include Gabriel Shaheen, Glenn Pushis, Miguel Alvarez, Richard P Teets Jr and Russell B Rinn. View Insider Buying and Selling for Steel Dynamics.

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

One share of STLD stock can currently be purchased for approximately $34.68.

Steel Dynamics has a market capitalization of $7.47 billion and generates $11.82 billion in revenue each year. The basic materials company earns $1.26 billion in net income (profit) each year or $5.49 on an earnings per share basis. Steel Dynamics employs 8,200 workers across the globe.View Additional Information About Steel Dynamics.

The official website for Steel Dynamics is http://www.steeldynamics.com/.

Steel Dynamics' mailing address is 7575 W JEFFERSON BLVD, FORT WAYNE IN, 46804. The basic materials company can be reached via phone at 260-969-3500 or via email at [email protected]