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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NASDAQ:STLD

Steel Dynamics Stock Forecast, Price & News

$68.89
+2.91 (+4.41%)
(As of 06/24/2022 04:00 PM ET)
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Today's Range
$66.50
$69.11
50-Day Range
$65.98
$93.24
52-Week Range
$50.54
$100.37
Volume
2.64 million shs
Average Volume
2.26 million shs
Market Capitalization
$13.00 billion
P/E Ratio
3.56
Dividend Yield
1.97%
Price Target
$88.71
30 days | 90 days | 365 days | Advanced Chart

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STLD Stock Forecast (MarketRank)

Overall MarketRank

3.15 out of 5 stars

Basic Materials Sector

16th out of 242 stocks

Blast Furnaces & Steel Mills Industry

1st out of 16 stocks

Analyst Opinion: 3.1Community Rank: 4.7Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
Steel Dynamics logo

About Steel Dynamics (NASDAQ:STLD)

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 roll, cold roll, 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; and engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars. The company also engages in turning, polishing, straightening, chamfering, threading, precision saw-cutting, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, galvanizing, and coating of specialty products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. This segment sells directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment purchases, processes, and resells ferrous and nonferrous scrap metals into reusable forms and grades. 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. This segment also provides transportation logistics, marketing, brokerage, and scrap management services. The Steel Fabrication Operations segment produces non-residential steel building components, such as steel joists, girders, trusses, and steel deck products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.

STLD Stock News Headlines

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Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
Current Symbol
NASDAQ:STLD
CUSIP
85811910
Employees
10,640
Year Founded
1993

Company Calendar

Ex-Dividend for 4/15 Dividend
3/30/2022
Dividend Payable
4/15/2022
Last Earnings
4/20/2022
Today
6/26/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
7/18/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$88.71
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+28.8%
Consensus Rating
Hold
Rating Score (0-4)
2.28571428571429
Research Coverage
7 Analysts

Profitability

Net Income
$3.21 billion
Pretax Margin
24.96%

Debt

Sales & Book Value

Annual Sales
$18.41 billion
Cash Flow
$18.52 per share
Book Value
$30.78 per share

Miscellaneous

Free Float
178,501,000
Market Cap
$13.00 billion
Optionable
Optionable
Beta
1.30

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Steel Dynamics 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, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Steel Dynamics stock. 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 analyst ratings for Steel Dynamics
or view top-rated stocks.

What is Steel Dynamics' stock price forecast for 2022?

7 equities research analysts have issued 1 year target prices for Steel Dynamics' stock. Their STLD stock forecasts range from $60.00 to $110.00. On average, they predict Steel Dynamics' stock price to reach $88.71 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price.
View analysts' price targets for Steel Dynamics
or view top-rated stocks among Wall Street analysts.

How has Steel Dynamics' stock price performed in 2022?

Steel Dynamics' stock was trading at $62.07 at the beginning of the year. Since then, STLD stock has increased by 11.0% and is now trading at $68.89.
View the best growth stocks for 2022 here
.

When is Steel Dynamics' next earnings date?

Steel Dynamics is scheduled to release its next quarterly earnings announcement on Monday, July 18th 2022.
View our earnings forecast for Steel Dynamics
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) issued its quarterly earnings data on Wednesday, April, 20th. The basic materials company reported $6.02 EPS for the quarter, beating the consensus estimate of $5.58 by $0.44. The basic materials company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.35 billion. Steel Dynamics had a net margin of 19.02% and a trailing twelve-month return on equity of 69.88%. The company's revenue for the quarter was up 57.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.10 earnings per share.
View Steel Dynamics' earnings history
.

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

Steel Dynamics declared a quarterly dividend on Friday, May 6th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.34 per share on Friday, July 15th. This represents a $1.36 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, June 29th.
View Steel Dynamics' dividend history
.

Is Steel Dynamics a good dividend stock?

Steel Dynamics(NASDAQ:STLD) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.97%. Steel Dynamics has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Steel Dynamics is 7.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Steel Dynamics will have a dividend payout ratio of 12.72% next year. This indicates that Steel Dynamics will be able to sustain or increase its dividend.
View Steel Dynamics' dividend history.

How will Steel Dynamics' stock buyback program work?

Steel Dynamics declared that its board has authorized a share buyback program on Monday, February 28th 2022, which permits the company to repurchase $1,250,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 8.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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

Steel Dynamics issued an update on its second quarter 2022 earnings guidance on Thursday, June, 23rd. The company provided earnings per share (EPS) guidance of $6.61-$6.65 for the period, compared to the consensus EPS estimate of $5.73. The company issued revenue guidance of -.

Who are Steel Dynamics' key executives?

Steel Dynamics' management team includes the following people:
  • Mr. Mark D. Millett, Chairman, Co-Founder, CEO & Pres (Age 62, Pay $5.01M)
  • Mr. Keith E. Busse, Co-Founder & Director (Age 78, Pay $187.5k)
  • Mr. Richard P. Teets Jr., Co-Founder & Director (Age 67, Pay $112.5k)
  • Ms. Theresa E. Wagler, Exec. VP, CFO & Company Sec. (Age 52, Pay $2.62M) (LinkedIn Profile)
  • Mr. Glenn A. Pushis, Sr. VP of Special Projects (Age 56, Pay $1.91M) (LinkedIn Profile)
  • Mr. Barry T. Schneider, Sr. VP of Flat Roll Steel Group (Age 53, Pay $1.91M)
  • Mr. Russell B. Rinn, Exec. VP of Metals Recycling (Age 65, Pay $2.2M)
  • Marlene Owen, Director of Investor Relations
  • Mr. Jeff Hansen, VP of HR & Safety
  • Mr. James S. Anderson, Sr. VP (Age 61)

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

40 employees have rated Steel Dynamics CEO Mark Millet on Glassdoor.com. Mark Millet has an approval rating of 99% among Steel Dynamics' 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."

Who are Steel Dynamics' major shareholders?

Steel Dynamics' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.68%), Vanguard Group Inc. (11.05%), State Street Corp (4.88%), Dimensional Fund Advisors LP (3.49%), Victory Capital Management Inc. (2.49%) and Wellington Management Group LLP (1.99%). Company insiders that own Steel Dynamics stock include Bradley S Seaman, Christopher A Graham, Gabriel Shaheen, Glenn Pushis, Keith E Busse, Mark D Millett, Miguel Alvarez, Russell B Rinn and Theresa E Wagler.
View institutional ownership trends for Steel Dynamics
.

Which major investors are selling Steel Dynamics stock?

STLD stock was sold by a variety of institutional investors in the last quarter, including Charles Schwab Investment Management Inc., Hamlin Capital Management LLC, Lombard Odier Asset Management Europe Ltd, Northern Trust Corp, Prudential Financial Inc., Panagora Asset Management Inc., Wellington Management Group LLP, and Mirae Asset Global Investments Co. Ltd.. Company insiders that have sold Steel Dynamics company stock in the last two years include Christopher A Graham, Gabriel Shaheen, Glenn Pushis, Keith E Busse, Mark D Millett, Miguel Alvarez, and Theresa E Wagler.
View insider buying and selling activity for Steel Dynamics
or view top insider-selling stocks.

Which major investors are buying Steel Dynamics stock?

STLD stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, BlackRock Inc., State Street Corp, Ninety One UK Ltd, National Pension Service, Pacer Advisors Inc., Mark Asset Management LP, and Royal Bank of Canada.
View insider buying and selling activity for Steel Dynamics
or or view top insider-buying stocks.

How do I buy shares of 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 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 $68.89.

How much money does Steel Dynamics make?

Steel Dynamics (NASDAQ:STLD) has a market capitalization of $13.00 billion and generates $18.41 billion in revenue each year. The basic materials company earns $3.21 billion in net income (profit) each year or $19.369990 on an earnings per share basis.

How many employees does Steel Dynamics have?

Steel Dynamics employs 10,640 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

When was Steel Dynamics founded?

Steel Dynamics was founded in 1993.

How can I contact Steel Dynamics?

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

This page (NASDAQ:STLD) was last updated on 6/26/2022 by MarketBeat.com Staff

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