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NASDAQ:STLD

Steel Dynamics (STLD) Stock Price, News & Analysis

$120.78
-0.75 (-0.62%)
(As of 06/12/2024 ET)
Today's Range
$120.36
$123.52
50-Day Range
$121.53
$147.85
52-Week Range
$95.53
$151.34
Volume
1.11 million shs
Average Volume
1.18 million shs
Market Capitalization
$18.98 billion
P/E Ratio
8.30
Dividend Yield
1.52%
Price Target
$125.29

Steel Dynamics MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.7% Upside
$125.29 Price Target
Short Interest
Bearish
4.31% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.06
Upright™ Environmental Score
News Sentiment
1.28mentions of Steel Dynamics in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$2.87 M Sold Last Quarter
Proj. Earnings Growth
-9.29%
From $12.49 to $11.33 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.

3.17 out of 5 stars

Basic Materials Sector

77th out of 173 stocks

Blast Furnaces & Steel Mills Industry

8th out of 12 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

Q1 2024 Steel Dynamics Inc Earnings Call
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Company Calendar

Ex-Dividend for 4/14 Dividend
3/27/2024
Dividend Payable
4/14/2024
Last Earnings
4/23/2024
Today
6/12/2024
Ex-Dividend for 7/12 Dividend
6/28/2024
Dividend Payable
7/12/2024
Next Earnings (Estimated)
7/17/2024
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
$125.29
High Stock Price Target
$160.00
Low Stock Price Target
$102.00
Potential Upside/Downside
+3.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$2.45 billion
Pretax Margin
16.87%

Debt

Sales & Book Value

Annual Sales
$18.80 billion
Cash Flow
$17.83 per share
Book Value
$53.57 per share

Miscellaneous

Free Float
147,548,000
Market Cap
$19.08 billion
Optionable
Optionable
Beta
1.40

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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. reported strong earnings per share of $3.67 for the quarter, beating analysts' consensus estimates.
  • The company had a return on equity of 27.62%, indicating efficient use of shareholder funds to generate profits.
  • Steel Dynamics announced a quarterly dividend of $0.46 per share, representing a dividend yield of 1.38%.
  • Recent analyst reports have shown positive sentiment towards the company, with price target upgrades and buy ratings.
  • Despite a slight decrease in revenue compared to the previous year, Steel Dynamics maintains a healthy net margin of 12.89%.

Cons

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

  • One investment analyst has rated the stock with a sell rating, indicating some bearish sentiment in the market.
  • Steel Dynamics' revenue was down 4.1% compared to the same quarter last year, signaling a potential slowdown in growth.
  • The company's stock price has experienced fluctuations, which may introduce volatility to investor portfolios.
  • Insider activity, such as the recent sale of 21,000 shares by a senior vice president, could raise concerns about internal confidence in the company.
  • While the company's payout ratio is relatively low at 12.64%, investors may seek higher dividend yields elsewhere.
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, June 8, 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 twelve months. There are currently 1 sell rating, 5 hold ratings and 1 buy rating 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 equities research analysts have issued 1 year 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 share price to reach $125.29 in the next year. This suggests a possible upside of 3.7% 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 2024?

Steel Dynamics' stock was trading at $118.10 on January 1st, 2024. Since then, STLD shares have increased by 2.3% and is now trading at $120.78.
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 Wednesday, July 17th 2024.
View our STLD earnings forecast
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) issued its quarterly earnings results on Tuesday, April, 23rd. The basic materials company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.54 by $0.13. The basic materials company had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $4.74 billion. Steel Dynamics had a net margin of 12.89% and a trailing twelve-month return on equity of 27.62%. The business's quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.01 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, May 10th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.46 per share on Friday, July 12th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, June 28th.
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 1.49%. 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 12.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 16.24% 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 authorized a share buyback program on Friday, November 3rd 2023, which permits the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

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

Steel Dynamics issued an update on 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 earnings per share 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.58%), Price T Rowe Associates Inc. MD (2.29%), Capital Research Global Investors (1.76%), LSV Asset Management (0.86%), Acadian Asset Management LLC (0.72%) and Nordea Investment Management AB (0.65%). Insiders that own company stock include Bradley S Seaman, Christopher A Graham, Gabriel Shaheen, 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..
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This page (NASDAQ:STLD) was last updated on 6/12/2024 by MarketBeat.com Staff

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