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NASDAQ:STLD

Steel Dynamics - STLD Stock Forecast, Price & News

$83.04
-1.61 (-1.90%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$82.07
$83.81
50-Day Range
$64.41
$84.65
52-Week Range
$50.54
$100.37
Volume
1.22 million shs
Average Volume
2.22 million shs
Market Capitalization
$15.16 billion
P/E Ratio
3.69
Dividend Yield
1.61%
Price Target
$91.00

Steel Dynamics MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
9.5% Upside
$91.00 Price Target
Short Interest
Healthy
2.53% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.50
Upright™ Environmental Score
News Sentiment
1.28mentions of Steel Dynamics in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$420,890 Sold Last Quarter
Proj. Earnings Growth
-54.82%
From $21.07 to $9.52 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Basic Materials Sector

105th out of 171 stocks

Blast Furnaces & Steel Mills Industry

9th out of 15 stocks

STLD stock logo

About Steel Dynamics (NASDAQ:STLD) Stock

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 roll, cold roll, 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; and engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars. The company also engages in turning, polishing, straightening, chamfering, threading, precision saw-cutting, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, galvanizing, and coating of specialty products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. This segment sells directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment purchases, processes, and resells ferrous and nonferrous scrap metals into reusable forms and grades. 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. This segment also provides transportation logistics, marketing, brokerage, and scrap management services. The Steel Fabrication Operations segment produces non-residential steel building components, such as steel joists, girders, trusses, and steel deck products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group set a $95.00 target price on shares of Steel Dynamics in a research note on Monday, June 20th. The Goldman Sachs Group cut shares of Steel Dynamics from a "buy" rating to a "neutral" rating and lowered their target price for the company from $114.00 to $92.00 in a report on Tuesday, May 31st. BMO Capital Markets raised their price target on Steel Dynamics from $95.00 to $104.00 in a report on Friday, April 22nd. JPMorgan Chase & Co. reduced their price target on Steel Dynamics from $129.00 to $110.00 in a research report on Tuesday, June 14th. Finally, Morgan Stanley dropped their price objective on Steel Dynamics from $94.00 to $78.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $89.00.

Steel Dynamics Trading Up 1.3 %

Shares of STLD opened at $84.65 on Wednesday. The business's 50-day moving average price is $71.98 and its 200-day moving average price is $75.63. Steel Dynamics has a twelve month low of $50.54 and a twelve month high of $100.37. The stock has a market cap of $15.46 billion, a PE ratio of 3.76 and a beta of 1.41. The company has a quick ratio of 1.87, a current ratio of 3.52 and a debt-to-equity ratio of 0.41.

Steel Dynamics (NASDAQ:STLD - Get Rating) last announced its quarterly earnings results on Wednesday, July 20th. The basic materials company reported $6.73 earnings per share for the quarter, beating the consensus estimate of $6.34 by $0.39. Steel Dynamics had a return on equity of 71.50% and a net margin of 19.81%. The firm had revenue of $6.21 billion for the quarter, compared to analysts' expectations of $5.93 billion. During the same period in the prior year, the business posted $3.40 earnings per share. The company's revenue was up 39.1% on a year-over-year basis. On average, equities analysts forecast that Steel Dynamics will post 21.07 EPS for the current fiscal year.

Insider Activity

In related news, Director Keith E. Busse sold 5,040 shares of Steel Dynamics stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $83.51, for a total value of $420,890.40. Following the transaction, the director now owns 724,034 shares in the company, valued at approximately $60,464,079.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.40% of the company's stock.

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STLD Stock News Headlines

Put Steel In Your Portfolio With Steel Dynamics 
If you want to put some steel in your portfolio look no further than Steel Dynamics (NASDAQ: STLD). The company is engaged in the recycling, processing, fabrication, and sales of steel to the construction and industrial complex and just posted a record quarter.
Steelmaker moves ahead on effort to build plant in Southeast
Plans to build an aluminum mill in Kentucky have taken a new turn
Steel Dynamics, Inc. (NASDAQ:STLD) Short Interest Update
Why Steel Dynamics Stock Jumped Today
Steel Dynamics Q2 Earnings Summary
This Might Not Be the Time to Buy Steel Dynamics
See More Headlines
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STLD Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Last Earnings
7/20/2022
Today
8/17/2022
Next Earnings (Estimated)
10/17/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
Current Symbol
NASDAQ:STLD
CUSIP
85811910
Employees
10,640
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$91.00
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+9.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$3.21 billion
Pretax Margin
25.99%

Debt

Sales & Book Value

Annual Sales
$18.41 billion
Cash Flow
$18.37 per share
Book Value
$40.42 per share

Miscellaneous

Free Float
172,750,000
Market Cap
$15.16 billion
Optionable
Optionable
Beta
1.41

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STLD Stock - Frequently Asked Questions

Should I buy or sell Steel Dynamics stock right now?

6 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, 2 hold ratings and 3 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 forecast for 2022?

6 equities research analysts have issued 12 month target prices for Steel Dynamics' stock. Their STLD share price forecasts range from $60.00 to $110.00. On average, they anticipate the company's stock price to reach $91.00 in the next year. This suggests a possible upside of 9.6% 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 2022?

Steel Dynamics' stock was trading at $62.07 at the beginning of 2022. Since then, STLD shares have increased by 33.8% and is now trading at $83.04.
View the best growth stocks for 2022 here
.

When is Steel Dynamics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 17th 2022.
View our STLD earnings forecast
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) announced its quarterly earnings results on Wednesday, July, 20th. The basic materials company reported $6.73 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.39. The basic materials company earned $6.21 billion during the quarter, compared to analyst estimates of $5.93 billion. Steel Dynamics had a net margin of 19.81% and a trailing twelve-month return on equity of 71.50%. Steel Dynamics's revenue for the quarter was up 39.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.40 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 6th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.34 per share on Friday, July 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Wednesday, June 29th.
Read our dividend analysis for STLD
.

Is Steel Dynamics a good dividend stock?

Steel Dynamics (NASDAQ:STLD) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.61%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 6.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 14.29% 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 declared that its board has initiated a share buyback program on Monday, February 28th 2022, which allows the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 8.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its shares are undervalued.

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

Steel Dynamics issued an update on its second quarter 2022 earnings guidance on Thursday, July, 14th. The company provided EPS guidance of $6.61-$6.65 for the period, compared to the consensus EPS estimate of $5.73. 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).

What is Steel Dynamics' stock symbol?

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

Who are Steel Dynamics' major shareholders?

Steel Dynamics' stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (4.66%), FMR LLC (4.48%), Victory Capital Management Inc. (2.00%), AQR Capital Management LLC (1.17%), Thrivent Financial for Lutherans (1.16%) and Northern Trust Corp (1.06%). Insiders that own company stock include Bradley S Seaman, Christopher A Graham, Gabriel Shaheen, Glenn Pushis, Keith E Busse, Mark D Millett, Miguel Alvarez, Russell B Rinn 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Steel Dynamics' stock price today?

One share of STLD stock can currently be purchased for approximately $83.04.

How much money does Steel Dynamics make?

Steel Dynamics (NASDAQ:STLD) has a market capitalization of $15.16 billion and generates $18.41 billion in revenue each year. The basic materials company earns $3.21 billion in net income (profit) each year or $22.49 on an earnings per share basis.

How many employees does Steel Dynamics have?

The company employs 10,640 workers across the globe.

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
When was Steel Dynamics founded?

Steel Dynamics was founded in 1993.

How can I contact Steel Dynamics?

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.

This page (NASDAQ:STLD) was last updated on 8/17/2022 by MarketBeat.com Staff

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