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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Critical asset just had biggest fall on record (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Critical asset just had biggest fall on record (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
Free Stock Analysis Report: See The True Value of Any Stock (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Critical asset just had biggest fall on record (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Critical asset just had biggest fall on record (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
Free Stock Analysis Report: See The True Value of Any Stock (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Critical asset just had biggest fall on record (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Critical asset just had biggest fall on record (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
Free Stock Analysis Report: See The True Value of Any Stock (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
NASDAQ:STLD

Steel Dynamics (STLD) Stock Price, News & Analysis

$127.01
+2.23 (+1.79%)
(As of 02/23/2024 ET)
Today's Range
$124.55
$127.82
50-Day Range
$111.60
$127.01
52-Week Range
$90.55
$136.46
Volume
752,681 shs
Average Volume
1.13 million shs
Market Capitalization
$20.55 billion
P/E Ratio
8.71
Dividend Yield
1.34%
Price Target
$112.75

Steel Dynamics MarketRank™ Stock Analysis

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
11.2% Downside
$112.75 Price Target
Short Interest
Bearish
3.42% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.01
Upright™ Environmental Score
News Sentiment
1.00mentions of Steel Dynamics in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$3.12 M Sold Last Quarter
Proj. Earnings Growth
-9.79%
From $11.13 to $10.04 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.

3.11 out of 5 stars

Basic Materials Sector

93rd out of 173 stocks

Blast Furnaces & Steel Mills Industry

7th 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. 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 Stock Price History

STLD Stock News Headlines

Steel Dynamics Stock (NASDAQ:STLD) Insider Trades
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
STLD Mar 2024 120.000 call
STLD Mar 2024 65.000 put
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
STLD Jan 2026 80.000 put
Q4 2023 Steel Dynamics Inc Earnings Call
Evaluating Steel Dynamics: Insights From 4 Financial Analysts
Steel Dynamics: Q4 Earnings Insights
Steel Dynamics 4Q Earnings Drop on Lower Revenue
Steel Dynamics Q4 Income Drops
See More Headlines
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Company Calendar

Ex-Dividend for 1/16 Dividend
12/28/2023
Dividend Payable
1/16/2024
Last Earnings
1/23/2024
Today
2/25/2024
Next Earnings (Estimated)
4/17/2024
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
12,060
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$112.75
High Stock Price Target
$130.00
Low Stock Price Target
$98.00
Potential Upside/Downside
-11.2%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Net Income
$2.45 billion
Pretax Margin
17.13%

Debt

Sales & Book Value

Annual Sales
$18.80 billion
Cash Flow
$18.17 per share
Book Value
$53.57 per share

Miscellaneous

Free Float
152,107,000
Market Cap
$20.55 billion
Optionable
Optionable
Beta
1.40

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Should I Buy Steel Dynamics Stock? STLD Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Steel Dynamics was last updated on Tuesday, February 20, 2024 at 2:55 PM.

Pros

Here are some ways that investors could benefit from investing in Steel Dynamics, Inc.:

  • Steel Dynamics, Inc. operates as a steel producer and metal recycler in the United States, providing a diversified portfolio of products to its customers.
  • The company has a strong presence in the steel industry with a history dating back to 1993, showcasing its experience and stability.
  • Steel Dynamics, Inc. has a global reach, exporting its products to various markets, which can provide additional revenue streams.
  • Recent developments in the company's operations have shown positive growth trends, indicating potential for future profitability.
  • The current stock price of Steel Dynamics, Inc. is competitive, offering investors an attractive entry point into the market.

Cons

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

  • Steel industry can be cyclical and subject to market fluctuations, impacting the company's financial performance.
  • Global economic conditions and trade policies may affect Steel Dynamics, Inc.'s export business, leading to potential risks.
  • Competition in the steel industry is intense, which could pressure the company's market share and profitability.
  • Changes in raw material prices and supply chain disruptions can impact Steel Dynamics, Inc.'s production costs and margins.
  • Investors should closely monitor the company's annual revenue and financial health to make informed investment decisions.














STLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Steel Dynamics stock right now?

8 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 2 buy ratings 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?

8 analysts have issued 12-month target prices for Steel Dynamics' shares. Their STLD share price targets range from $98.00 to $130.00. On average, they predict the company's stock price to reach $112.75 in the next twelve months. This suggests that the stock has a possible downside of 11.2%.
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 at the beginning of the year. Since then, STLD shares have increased by 7.5% and is now trading at $127.01.
View the best growth stocks for 2024 here
.

Are investors shorting Steel Dynamics?

Steel Dynamics saw a increase in short interest in January. As of January 31st, there was short interest totaling 5,180,000 shares, an increase of 18.8% from the January 15th total of 4,360,000 shares. Based on an average daily trading volume, of 1,310,000 shares, the short-interest ratio is currently 4.0 days. Currently, 3.4% of the shares of the stock are short sold.
View Steel Dynamics' Short Interest
.

When is Steel Dynamics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
View our STLD earnings forecast
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) issued its earnings results on Tuesday, January, 23rd. The basic materials company reported $2.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.63 by $0.02. The basic materials company had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.22 billion. Steel Dynamics had a trailing twelve-month return on equity of 29.49% and a net margin of 13.04%. The business's revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.37 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, November 3rd. Shareholders of record on Sunday, December 31st will be given a dividend of $0.425 per share on Tuesday, January 16th. This represents a $1.70 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, December 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 1.36%. 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 11.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 16.93% 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 initiated a stock repurchase plan on Friday, November 3rd 2023, which authorizes the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 8.1% of its shares through open market purchases. Shares buyback plans are often 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 updated its fourth quarter 2023 earnings guidance on Friday, December, 15th. The company provided earnings per share guidance of 2.600-2.640 for the period, compared to the consensus EPS estimate of 2.640. 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.35%), Dimensional Fund Advisors LP (2.63%), Royal London Asset Management Ltd. (2.24%), Price T Rowe Associates Inc. MD (2.13%), Capital Research Global Investors (1.71%) and First Trust Advisors LP (1.24%). Insiders that own company stock include Bradley S Seaman, Christopher A Graham, Gabriel Shaheen, Glenn Pushis, 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..
Read More
This page (NASDAQ:STLD) was last updated on 2/25/2024 by MarketBeat.com Staff