Free Trial
NASDAQ:STLD

Steel Dynamics (STLD) Stock Price, News & Analysis

$130.54
+2.94 (+2.30%)
(As of 07/26/2024 ET)
Today's Range
$127.80
$131.82
50-Day Range
$120.69
$134.35
52-Week Range
$95.53
$151.34
Volume
1.06 million shs
Average Volume
1.32 million shs
Market Capitalization
$20.51 billion
P/E Ratio
8.97
Dividend Yield
1.41%
Price Target
$133.86

Steel Dynamics MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.5% Upside
$133.86 Price Target
Short Interest
Healthy
3.58% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.04
Upright™ Environmental Score
News Sentiment
1.06mentions of Steel Dynamics in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$2.87 M Sold Last Quarter
Proj. Earnings Growth
-8.25%
From $11.51 to $10.56 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.

3.74 out of 5 stars

Basic Materials Sector

66th out of 175 stocks

Blast Furnaces & Steel Mills Industry

6th out of 13 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

Rolls of steel in warehouse
Steel Dynamics Stock is Up 9.6% While Its Peers Are Rusting
While most steel producer stocks are trading down in 2024, Steel Dynamics Inc. NASDAQ: STLD is an exception. Its stock is trading up 9.1% year-to-date (YTD).
Rolls of steel in warehouse
Steel Dynamics Stock is Up 9.6% While Its Peers Are Rusting
While most steel producer stocks are trading down in 2024, Steel Dynamics Inc. (NASDAQ: STLD) is an exception. Its stock is trading up 9.1% year-
Get out of cash before the Fed's next meeting
"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."
Steel Dynamics: Trump Trade Stock
Get out of cash before the Fed's next meeting
"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."
Steel Dynamics Sees Q2 Earnings Below Street View
See More Headlines
Receive STLD Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Steel Dynamics and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 7/12 Dividend
6/28/2024
Dividend Payable
7/12/2024
Last Earnings
7/17/2024
Today
7/26/2024
Next Earnings (Estimated)
10/16/2024
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
$133.86
High Stock Price Target
$160.00
Low Stock Price Target
$108.00
Potential Upside/Downside
+2.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$2.45 billion
Pretax Margin
14.48%

Debt

Sales & Book Value

Annual Sales
$18.80 billion
Cash Flow
$19.25 per share
Book Value
$56.95 per share

Miscellaneous

Free Float
147,705,000
Market Cap
$20.51 billion
Optionable
Optionable
Beta
1.35

Social Links

7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

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 earnings per share of $3.67 for the quarter, beating analysts' consensus estimates by $0.13. This indicates strong financial performance and potential for growth.
  • The company announced a quarterly dividend of $0.46 per share, representing a yield of 1.42%. Dividends can provide a steady income stream for investors.
  • Recent insider transactions show confidence in the company, with senior vice president Christopher A. Graham purchasing a significant number of shares, signaling positive sentiment within the company.
  • Analyst reports have provided positive outlooks on Steel Dynamics, with price target upgrades and buy ratings, indicating potential for stock price appreciation.
  • Steel Dynamics has a solid track record of return on equity at 27.62%, demonstrating efficient use of shareholder funds to generate profits.

Cons

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

  • The company's stock price has experienced fluctuations, trading down to $120.69 recently. Volatility in stock price can pose risks for investors.
  • Steel Dynamics' revenue for the quarter was down 4.1% on a year-over-year basis, indicating a potential slowdown in growth compared to previous periods.
  • While the company has a dividend payout ratio of 12.64%, investors should consider the sustainability of dividend payments in relation to the company's earnings and cash flow.
  • Ownership by institutional investors and hedge funds at 82.41% may lead to limited influence for individual retail investors in company decisions and governance.
  • Market analysts have issued hold and sell ratings alongside concerns about market performance, suggesting potential challenges for the company in the near term.
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 Monday, July 1, 2024. Please send any questions or comments about these Steel Dynamics pros and cons to contact@marketbeat.com.

STLD Stock Analysis - Frequently Asked Questions

How have STLD shares performed this year?

Steel Dynamics' stock was trading at $118.10 at the beginning of 2024. Since then, STLD shares have increased by 10.5% and is now trading at $130.54.
View the best growth stocks for 2024 here
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) announced its earnings results on Wednesday, July, 17th. The basic materials company reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.67 by $0.05. Steel Dynamics's revenue for the quarter was down 8.8% on a year-over-year basis.

Is Steel Dynamics buying back stock?

Steel Dynamics' board initiated a stock buyback plan on Friday, November 3rd 2023, which authorizes the company to repurchase $1,500,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

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.

Does Steel Dynamics have any subsidiaries?

Steel Dynamics subsidiaries include these companies: United Steel Supply LLC, Kentucky Electric Steel, Vulcan Threaded Products, Severstal, OmniSource Corporation, Roanoke Electric Steel Corporation, Mesabi Nugget Delaware LLC, and more.

Who are Steel Dynamics' major shareholders?

Steel Dynamics' top institutional investors include Bank of New York Mellon Corp (0.62%), AustralianSuper Pty Ltd (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.26%) and Ninety One UK Ltd (0.16%). Insiders that own company stock include Keith E Busse, Gabriel Shaheen, Christopher A Graham, James C Marcuccilli, Bradley S Seaman, Miguel Alvarez, Mark D Millett 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.

What other stocks do shareholders of Steel Dynamics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Steel Dynamics investors own include AK Steel (AKS), Micron Technology (MU), Energy Transfer (ET), AT&T (T), Advanced Micro Devices (AMD), AbbVie (ABBV) and NVIDIA (NVDA).

This page (NASDAQ:STLD) was last updated on 7/27/2024 by MarketBeat.com Staff

From Our Partners