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

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

Steel Dynamics declared a quarterly dividend on Tuesday, November 20th. Investors of record on Monday, December 31st will be given a dividend of $0.1875 per share on Friday, January 11th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, December 28th. View Steel Dynamics' Dividend History.

Steel Dynamics announced that its Board of Directors has authorized a share repurchase 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 usually a sign that the company's board believes its shares are undervalued.

Steel Dynamics, Inc. (NASDAQ:STLD) released its earnings results on Wednesday, October, 17th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.65 by $0.04. The basic materials company earned $3.22 billion during the quarter, compared to analysts' expectations of $3.14 billion. Steel Dynamics had a net margin of 11.49% and a return on equity of 31.96%. The business's revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. View Steel Dynamics' Earnings History.

Steel Dynamics is scheduled to release their next quarterly earnings announcement on Monday, January 28th 2019. View Earnings Estimates for Steel Dynamics.

Steel Dynamics issued an update on its third quarter earnings guidance on Tuesday, September, 18th. The company provided earnings per share (EPS) guidance of $1.64-1.68 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.70.

13 Wall Street analysts have issued 12-month price targets for Steel Dynamics' shares. Their forecasts range from $47.00 to $60.00. On average, they expect Steel Dynamics' share price to reach $53.50 in the next twelve months. This suggests a possible upside of 38.4% from the stock's current price. View Analyst Price Targets for Steel Dynamics.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Steel Dynamics.

Media stories about STLD stock have been trending somewhat positive on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Steel Dynamics earned a news impact score of 0.7 on InfoTrie's scale. They also gave headlines about the basic materials company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days.

Steel Dynamics saw a decrease in short interest in October. As of October 15th, there was short interest totalling 5,633,865 shares, a decrease of 23.4% from the September 28th total of 7,355,233 shares. Based on an average trading volume of 2,873,919 shares, the short-interest ratio is currently 2.0 days. Approximately 2.5% of the shares of the company are short sold. View Steel Dynamics' Current Options Chain.

Some companies that are related to Steel Dynamics include ArcelorMittal (MT), POSCO (PKX), Nucor (NUE), Tenaris (TS), Ternium (TX), United States Steel (X), Commercial Metals (CMC), Carpenter Technology (CRS), AK Steel (AKS), SunCoke Energy (SXC), SunCoke Energy Partners (SXCP), Mechel PAO (MTL), Timkensteel (TMST), Titan International (TWI) and Universal Stainless & Alloy Products (USAP).

Steel Dynamics' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.85%), FMR LLC (2.62%), Steadfast Capital Management LP (1.51%), Bank of New York Mellon Corp (1.39%), Standard Life Aberdeen plc (1.13%) and Standard Life Aberdeen plc (1.13%). Company insiders that own Steel Dynamics stock include Christopher A Graham, Jurgen Dr Kolb, Keith E Busse, Richard P Teets Jr 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 Thrivent Financial for Lutherans, AQR Capital Management LLC, KAMES CAPITAL plc, TIAA CREF Investment Management LLC, FMR LLC, Mitsubishi UFJ Trust & Banking Corp, Deutsche Bank AG and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Steel Dynamics company stock in the last year include Christopher A Graham, Jurgen Dr Kolb, Keith E Busse and Theresa E Wagler. View Insider Buying and Selling for Steel Dynamics.

STLD stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Legal & General Group Plc, Prudential Financial Inc., Glenmede Trust Co. NA, Janus Henderson Group PLC, Ashler Capital LLC, Panagora Asset Management Inc. and Morgan Stanley. 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, Scottrade, Fidelity and Charles Schwab.

One share of STLD stock can currently be purchased for approximately $38.67.

Steel Dynamics has a market capitalization of $9.12 billion and generates $9.54 billion in revenue each year. The basic materials company earns $812.74 million in net income (profit) each year or $2.65 on an earnings per share basis. Steel Dynamics employs 7,635 workers across the globe.

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]