Steel Dynamics (STLD) Stock Forecast, Price & News

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.
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9 analysts have issued 12-month target prices for Steel Dynamics' stock. Their STLD share price forecasts range from $95.00 to $130.00. On average, they anticipate the company's share price to reach $109.89 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price.
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Steel Dynamics' stock was trading at $97.70 at the beginning of the year. Since then, STLD shares have increased by 8.0% and is now trading at $105.49.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our STLD earnings forecast.

Steel Dynamics, Inc. (NASDAQ:STLD) posted its quarterly earnings results on Thursday, July, 20th. The basic materials company reported $4.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.82 by $0.01. The basic materials company earned $5.08 billion during the quarter, compared to analysts' expectations 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 company's quarterly revenue was down 18.2% on a year-over-year basis. During the same period last year, the company posted $6.73 earnings per share.

Steel Dynamics announced a quarterly dividend on Friday, August 18th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.425 per share on Monday, October 16th. This represents a $1.70 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for STLD.

ETFs with the largest weight of Steel Dynamics (NASDAQ:STLD) stock in their portfolio include VanEck Steel ETF (SLX), First Trust Materials AlphaDEX Fund (FXZ), SPDR S&P Metals & Mining ETF (XME), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), 2ndVote Life Neutral Plus ETF (LYFE), Invesco S&P 500 Equal Weight Materials ETF (RSPM), Invesco S&P 500 Equal Weight Materials ETF (RTM) and Direxion Daily Metals & Mining Bull 2X Shares (MNM).

Steel Dynamics (NASDAQ:STLD) pays an annual dividend of $1.70 per share and currently has a dividend yield of 1.63%. 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 19.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STLD.

Steel Dynamics announced that its Board of Directors has approved a stock buyback plan on Thursday, November 10th 2022, which allows the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 8.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Steel Dynamics issued an update on 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 EPS estimate of $3.61. The company issued revenue guidance of -.

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.

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).

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

Steel Dynamics' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.89%), State Street Corp (4.92%), Dimensional Fund Advisors LP (2.73%), Geode Capital Management LLC (2.20%), Capital Research Global Investors (1.67%) and Pacer Advisors Inc. (1.29%). Insiders that own company stock include Christopher A Graham, Gabriel Shaheen, Glenn Pushis, James C Marcuccilli, Keith E Busse, Mark D Millett, Miguel Alvarez and Theresa E Wagler.
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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.
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One share of STLD stock can currently be purchased for approximately $105.49.

Steel Dynamics (NASDAQ:STLD) has a market capitalization of $17.47 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.

The company employs 12,060 workers across the globe.

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.