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Bank of Japan survey shows manufacturers optimistic about economy
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Facing increasing pressure from customers, some miners are switching to renewable energy
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The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
The Bio-Tech Stock That Needs Your Attention! (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
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Federal student loan payments are starting again. Here's what you need to know
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Facing increasing pressure from customers, some miners are switching to renewable energy
The Bio-Tech Stock That Needs Your Attention! (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
The Bio-Tech Stock That Needs Your Attention! (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Donald Trump says he will be in courtroom for New York trial scrutinizing his business practices
NASDAQ:STLD

Steel Dynamics (STLD) Stock Forecast, Price & News

$107.22
+1.27 (+1.20%)
(As of 09/29/2023 ET)
Compare
Today's Range
$105.94
$107.67
50-Day Range
$98.11
$107.65
52-Week Range
$70.05
$136.46
Volume
1.47 million shs
Average Volume
1.38 million shs
Market Capitalization
$17.76 billion
P/E Ratio
6.25
Dividend Yield
1.59%
Price Target
$109.89

Steel Dynamics MarketRank™ Forecast

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
2.5% Upside
$109.89 Price Target
Short Interest
Healthy
3.84% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.98
Upright™ Environmental Score
News Sentiment
1.15mentions of Steel Dynamics in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$5.22 M Sold Last Quarter
Proj. Earnings Growth
-42.19%
From $15.31 to $8.85 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.40 out of 5 stars

Basic Materials Sector

68th out of 167 stocks

Blast Furnaces & Steel Mills Industry

5th out of 12 stocks


STLD stock logo

About Steel Dynamics (NASDAQ:STLD) Stock

Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. 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 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, threading, 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, governmental entities, and e-commerce data centers and warehouses. The company also exports its products. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.

STLD Price History

STLD Stock News Headlines

Watch SHOCKING Footage of AI Facility with Ties to Elon Musk
I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.
The Latest Analyst Ratings for Steel Dynamics
Steel Dynamics (NASDAQ:STLD) Upgraded to Buy by Citigroup
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Steel Dynamics (STLD) Sees Lower Q3 Steel Operation Earnings
Steel Dynamics Sees Weak Q3 Earnings Below Market
Steel Dynamics Provides Third Quarter 2023 Earnings Guidance
America’s steelmakers forge a future together
Is Steel Dynamics Inc (STLD) Stock Fairly Valued?
See More Headlines
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STLD Company Calendar

Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Last Earnings
7/20/2023
Ex-Dividend for 10/16 Dividend
9/28/2023
Today
10/01/2023
Dividend Payable
10/16/2023
Next Earnings (Estimated)
10/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
Current Symbol
NASDAQ:STLD
CUSIP
85811910
Employees
12,060
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$109.89
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$95.00
Forecasted Upside/Downside
+2.5%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
9 Analysts

Profitability

Net Income
$3.86 billion
Pretax Margin
19.01%

Debt

Sales & Book Value

Annual Sales
$22.26 billion
Cash Flow
$26.09 per share
Book Value
$45.08 per share

Miscellaneous

Free Float
155,705,000
Market Cap
$17.76 billion
Optionable
Optionable
Beta
1.51

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Key Executives

  • Mr. Mark D. MillettMr. Mark D. Millett (Age 63)
    Chairman, Co-Founder & CEO
    Comp: $6.59M
  • Mr. Barry T. Schneider (Age 54)
    Pres & COO
    Comp: $2.59M
  • Mr. Richard P. Teets Jr. (Age 68)
    Co-Founder & Director
    Comp: $125k
  • Ms. Theresa E. WaglerMs. Theresa E. Wagler (Age 53)
    Exec. VP, CFO & Company Sec.
    Comp: $3.43M
  • Mr. Glenn A. PushisMr. Glenn A. Pushis (Age 57)
    Sr. VP of Special Projects
    Comp: $2.59M
  • Mr. Christopher A. GrahamMr. Christopher A. Graham (Age 59)
    Sr. VP of Long Products Steel Group
    Comp: $2.43M
  • Marlene Owen
    Director of Investor Relations
  • Mr. Jeff Hansen
    VP of HR & Safety
  • Mr. James S. Anderson (Age 62)
    Sr. VP of Steel Fabrication
  • Mr. Miguel AlvarezMr. Miguel Alvarez (Age 55)
    Sr. VP of Metals Recycling













STLD Stock - Frequently Asked Questions

Should I buy or sell Steel Dynamics stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

9 brokerages have issued 1 year price objectives for Steel Dynamics' shares. Their STLD share price forecasts range from $95.00 to $130.00. On average, they anticipate the company's stock price to reach $109.89 in the next year. This suggests a possible upside of 2.5% from the stock's current price.
View analysts price targets for STLD
or view top-rated stocks among Wall Street analysts.

How have STLD shares performed in 2023?

Steel Dynamics' stock was trading at $97.70 at the beginning of 2023. Since then, STLD stock has increased by 9.7% and is now trading at $107.22.
View the best growth stocks for 2023 here
.

When is Steel Dynamics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our STLD earnings forecast
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) posted its quarterly earnings results on Thursday, July, 20th. The basic materials company reported $4.81 EPS for the quarter, missing the consensus estimate of $4.82 by $0.01. The basic materials company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.51 billion. Steel Dynamics had a net margin of 14.66% and a trailing twelve-month return on equity of 40.44%. The business's revenue for the quarter was down 18.2% on a year-over-year basis. During the same period in the previous year, the business earned $6.73 earnings per share.

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

Steel Dynamics announced a quarterly dividend on Friday, August 18th. Stockholders of record on Saturday, September 30th will be paid a dividend of $0.425 per share on Monday, October 16th. This represents a $1.70 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for STLD
.

Is Steel Dynamics a good dividend stock?

Steel Dynamics (NASDAQ:STLD) pays an annual dividend of $1.70 per share and currently has a dividend yield of 1.59%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 9.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 19.21% 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 declared that its board has initiated a share repurchase program on Thursday, November 10th 2022, which authorizes the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 8.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

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

Steel Dynamics updated its third quarter 2023 earnings guidance on Monday, September, 18th. The company provided earnings per share guidance of $3.46-$3.50 for the period, compared to the consensus earnings per share estimate of $3.61. 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).

What is Steel Dynamics' stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Steel Dynamics' stock price today?

One share of STLD stock can currently be purchased for approximately $107.22.

How much money does Steel Dynamics make?

Steel Dynamics (NASDAQ:STLD) has a market capitalization of $17.76 billion and generates $22.26 billion in revenue each year. The basic materials company earns $3.86 billion in net income (profit) each year or $17.15 on an earnings per share basis.

How many employees does Steel Dynamics have?

The company employs 12,060 workers across the globe.

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
How can I contact Steel Dynamics?

Steel Dynamics' mailing address is 7575 W JEFFERSON BLVD, FORT WAYNE IN, 46804. The official website for the company is www.steeldynamics.com. The basic materials company can be reached via phone at (260) 969-3500, via email at info@steeldynamics.com, or via fax at 260-969-3590.

This page (NASDAQ:STLD) was last updated on 10/1/2023 by MarketBeat.com Staff

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