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State of the Union: Biden sees economic glow, GOP sees gloom
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Tesla hikes price of Model Y after US alters tax credit rule
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“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
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“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Gas prices dip in NJ, around nation as cold weather returns
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
State of the Union: Biden sees economic glow, GOP sees gloom
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Tesla hikes price of Model Y after US alters tax credit rule
Disney World unions vote down offer covering 45,000 workers
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Iraqi currency crash halts after meeting with U.S. official
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Gas prices dip in NJ, around nation as cold weather returns
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
State of the Union: Biden sees economic glow, GOP sees gloom
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Tesla hikes price of Model Y after US alters tax credit rule
Disney World unions vote down offer covering 45,000 workers
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Iraqi currency crash halts after meeting with U.S. official
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Gas prices dip in NJ, around nation as cold weather returns
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
State of the Union: Biden sees economic glow, GOP sees gloom
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Tesla hikes price of Model Y after US alters tax credit rule
Disney World unions vote down offer covering 45,000 workers
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Iraqi currency crash halts after meeting with U.S. official
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Gas prices dip in NJ, around nation as cold weather returns
NASDAQ:STLD

Steel Dynamics - STLD Stock Forecast, Price & News

$128.18
+2.33 (+1.85%)
(As of 02/3/2023 12:00 AM ET)
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Compare
Today's Range
$125.86
$132.50
50-Day Range
$95.17
$128.18
52-Week Range
$56.86
$132.50
Volume
2.22 million shs
Average Volume
1.63 million shs
Market Capitalization
$22.50 billion
P/E Ratio
6.17
Dividend Yield
1.06%
Price Target
$107.67

Steel Dynamics MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
16.0% Downside
$107.67 Price Target
Short Interest
Healthy
3.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.19
Upright™ Environmental Score
News Sentiment
0.78mentions of Steel Dynamics in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$272,250 Sold Last Quarter
Proj. Earnings Growth
-23.94%
From $11.61 to $8.83 Per Share

Overall MarketRank

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

2.47 out of 5 stars

Basic Materials Sector

39th out of 158 stocks

Blast Furnaces & Steel Mills Industry

2nd out of 12 stocks

STLD stock logo

About Steel Dynamics (NASDAQ:STLD) Stock

Steel Dynamics, Inc. engages in the manufacture of steel products and metal recycling. It operates through the following segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment consists of sheet products including hot roll, cold roll, and coated steel, long products including structural steel beams, pilings, and standard and premium grade rail, and steel finishing services such as turning, polishing, straightening, chamfering, threading, and precision saw-cutting. The Metals Recycling Operations segment provides ferrous and non-ferrous scrap recycling, scrap management, transportation, and brokerage products and services. The Steel Fabrication Operations segment offers steel joists, girders, and steel deck, including specialty deck. The company was founded by Keith E. Busse, Mark D. Millett, Richard P. Teets, and John C. Bates in 1993 and is headquartered in Fort Wayne, IN.

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STLD Stock News Headlines

Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Morgan Stanley Reaffirms Their Hold Rating on Steel Dynamics (STLD)
Steel Dynamics Q4 Profit Decreases, but beats estimates
See More Headlines
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STLD Company Calendar

Ex-Dividend for 1/13 Dividend
12/30/2022
Dividend Payable
1/13/2023
Last Earnings
1/25/2023
Today
2/05/2023
Next Earnings (Estimated)
4/19/2023
Fiscal Year End
12/31/2023

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
$107.67
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$93.00
Forecasted Upside/Downside
-16.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$3.86 billion
Pretax Margin
22.56%

Debt

Sales & Book Value

Annual Sales
$22.26 billion
Cash Flow
$26.11 per share
Book Value
$45.08 per share

Miscellaneous

Free Float
166,090,000
Market Cap
$22.50 billion
Optionable
Optionable
Beta
1.51

Social Links


Key Executives

  • Mark D. MillettMark D. Millett
    Chairman, President & Chief Executive Officer
  • Theresa E. WaglerTheresa E. Wagler
    Chief Financial Officer, Secretary & Executive VP
  • Robert E. Francis
    Chief Information Officer & Vice President
  • Richard A. Poinsatte
    Treasurer, Vice President & Risk Manager
  • Brent A. Ritenour
    Vice President & Controller













STLD Stock - Frequently Asked Questions

Should I buy or sell Steel Dynamics stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 4 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.
View STLD analyst ratings
or view top-rated stocks.

What is Steel Dynamics' stock price forecast for 2023?

6 Wall Street research analysts have issued 1-year target prices for Steel Dynamics' stock. Their STLD share price forecasts range from $93.00 to $120.00. On average, they anticipate the company's share price to reach $107.67 in the next twelve months. This suggests that the stock has a possible downside of 16.0%.
View analysts price targets for STLD
or view top-rated stocks among Wall Street analysts.

How have STLD shares performed in 2023?

Steel Dynamics' stock was trading at $97.70 at the beginning of the year. Since then, STLD stock has increased by 31.2% and is now trading at $128.18.
View the best growth stocks for 2023 here
.

When is Steel Dynamics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our STLD earnings forecast
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) announced its earnings results on Wednesday, January, 25th. The basic materials company reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.77. The basic materials company earned $4.83 billion during the quarter, compared to analyst estimates of $4.77 billion. Steel Dynamics had a net margin of 17.35% and a trailing twelve-month return on equity of 56.22%. Steel Dynamics's revenue was down 9.1% on a year-over-year basis. During the same period last year, the firm earned $5.78 earnings per share.

How often does Steel Dynamics pay dividends? What is the dividend yield for Steel Dynamics?

Steel Dynamics declared a quarterly dividend on Thursday, November 10th. Stockholders of record on Saturday, December 31st will be paid a dividend of $0.34 per share on Friday, January 13th. This represents a $1.36 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, December 30th.
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 1.08%. 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 6.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 15.40% 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 authorized a share repurchase program on Thursday, November 10th 2022, which allows the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 8.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

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

Steel Dynamics issued an update on its fourth quarter 2022 earnings guidance on Friday, December, 16th. The company provided EPS guidance of $4.10-$4.14 for the period, compared to the consensus EPS estimate of $3.84. 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 Sumitomo Mitsui Trust Holdings Inc. (0.35%), AustralianSuper Pty Ltd (0.22%), Allspring Global Investments Holdings LLC (0.20%), Simplex Trading LLC (0.00%), Strs Ohio (0.14%) and New York State Common Retirement Fund (0.14%). 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, 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 $128.18.

How much money does Steel Dynamics make?

Steel Dynamics (NASDAQ:STLD) has a market capitalization of $22.50 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 $20.79 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
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 2/5/2023 by MarketBeat.com Staff