Steel Dynamics - STLD Stock Forecast, Price & News

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.
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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%.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
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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.

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.

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.

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.

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 -.

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 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.
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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 $128.18.

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.

The company employs 10,640 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.