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DOW   31,188.38
QQQ   323.77
S&P 500   3,851.85
DOW   31,188.38
QQQ   323.77
S&P 500   3,851.85
DOW   31,188.38
QQQ   323.77
S&P 500   3,851.85
DOW   31,188.38
QQQ   323.77
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NASDAQ:STLD

Steel Dynamics Stock Forecast, Price & News

$40.18
+0.45 (+1.13 %)
(As of 01/20/2021 12:00 AM ET)
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Today's Range
$39.46
Now: $40.18
$40.32
50-Day Range
$35.98
MA: $38.19
$41.78
52-Week Range
$14.98
Now: $40.18
$42.10
Volume2.11 million shs
Average Volume2.07 million shs
Market Capitalization$8.45 billion
P/E Ratio17.70
Dividend Yield2.52%
Beta1.4
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; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections. This segment is also involved in the turning, polishing, straightening, chamfering, threading, precision saw-cutting, cold drawing, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, and coating of beams, channels, and specialty steel sections. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube industry sectors. This segment sells its products directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment engages in the purchase, process, and resale of 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 steel building components comprising steel joists, girders, trusses, and steel deck products for non-residential steel fabricators. The company also exports its products. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.
Steel Dynamics logo

MarketRank

Overall MarketRank

2.42 out of 5 stars

Basic Materials Sector

11th out of 812 stocks

Blast Furnaces & Steel Mills Industry

2nd out of 24 stocks

Analyst Opinion: 1.3Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
Current SymbolNASDAQ:STLD
CUSIP85811910
Phone260-969-3500
Employees8,385

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.49 billion
Cash Flow$4.60 per share
Book Value$18.20 per share

Profitability

Net Income$671.10 million

Miscellaneous

Market Cap$8.45 billion
Next Earnings Date1/25/2021 (Confirmed)
OptionableOptionable
$40.18
+0.45 (+1.13 %)
(As of 01/20/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Steel Dynamics (NASDAQ:STLD) Frequently Asked Questions

How has Steel Dynamics' stock price been impacted by Coronavirus (COVID-19)?

Steel Dynamics' stock was trading at $21.15 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, STLD shares have increased by 90.0% and is now trading at $40.18.
View which stocks have been most impacted by COVID-19
.

Is Steel Dynamics a buy right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Steel Dynamics stock.
View analyst ratings for Steel Dynamics
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Steel Dynamics?

Wall Street analysts have given Steel Dynamics a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Steel Dynamics wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Doug Parker's approval rating as Steel Dynamics' CEO?

1,428 employees have rated Steel Dynamics CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 59% among Steel Dynamics' employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

When is Steel Dynamics' next earnings date?

Steel Dynamics is scheduled to release its next quarterly earnings announcement on Monday, January 25th 2021.
View our earnings forecast for Steel Dynamics
.

How can I listen to Steel Dynamics' earnings call?

Steel Dynamics will be holding an earnings conference call on Monday, January 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) posted its quarterly earnings data on Monday, October, 19th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.47 by $0.04. The basic materials company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.21 billion. Steel Dynamics had a return on equity of 13.33% and a net margin of 5.17%. The firm's revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS.
View Steel Dynamics' earnings history
.

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

Steel Dynamics announced a quarterly dividend on Thursday, November 19th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.25 per share on Friday, January 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, December 30th.
View Steel Dynamics' dividend history
.

Is Steel Dynamics a good dividend stock?

Steel Dynamics pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.52%. Steel Dynamics has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Steel Dynamics is 32.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Steel Dynamics will have a dividend payout ratio of 31.15% next year. This indicates that Steel Dynamics will be able to sustain or increase its dividend.
View Steel Dynamics' dividend history.

How will Steel Dynamics' stock buyback program work?

Steel Dynamics announced that its board has initiated a stock repurchase plan on Wednesday, February 26th 2020, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 8.3% of its shares through open market purchases. Shares repurchase plans 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 fourth quarter 2020 Pre-Market earnings guidance on Thursday, December, 17th. The company provided earnings per share guidance of 0.80-0.84 for the period, compared to the Thomson Reuters consensus estimate of $0.76.

What price target have analysts set for STLD?

9 brokers have issued 1-year price objectives for Steel Dynamics' stock. Their forecasts range from $23.00 to $45.00. On average, they anticipate Steel Dynamics' stock price to reach $31.38 in the next year. This suggests that the stock has a possible downside of 21.9%.
View analysts' price targets for Steel Dynamics
or view Wall Street analyst' top-rated stocks.

Who are some of Steel Dynamics' key competitors?

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).

Who are Steel Dynamics' key executives?

Steel Dynamics' management team includes the following people:
  • Mr. Keith E. Busse, Co-Founder & Non-Exec. Chairman (Age 77, Pay $250k)
  • Mr. Mark D. Millett, Co-Founder, CEO, Pres & Exec. Director (Age 61, Pay $4.77M)
  • Mr. Richard P. Teets Jr., Co-Founder & Director (Age 66, Pay $100k)
  • Ms. Theresa E. Wagler, Exec. VP, CFO & Company Sec. (Age 51, Pay $2.42M)
  • Mr. Glenn A. Pushis, Sr. VP of Special Projects (Age 55, Pay $1.62M)
  • Mr. Barry T. Schneider, Sr. VP of Flat Roll Steel Group (Age 52, Pay $1.61M)
  • Mr. Russel B. Rinn, Exec. VP of Metals Recycling (Age 64, Pay $2.04M)
  • Marlene Owen, Director of Investor Relations
  • Mr. Jeff Hansen, VP of HR & Safety
  • Mr. Christopher A. Graham, Sr. VP of Long Products Steel Group (Age 57)

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 number of institutional and retail investors. Top institutional investors include DNB Asset Management AS (0.52%), Peregrine Capital Management LLC (0.20%), Wedge Capital Management L L P NC (0.10%), Smith Graham & Co. Investment Advisors LP (0.06%), OLD National Bancorp IN (0.04%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Steel Dynamics stock include Bradley S Seaman, Gabriel Shaheen, Glenn Pushis, Keith E Busse, Miguel Alvarez and Russell B Rinn.
View institutional ownership trends for Steel Dynamics
.

Which institutional investors are selling Steel Dynamics stock?

STLD stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Wedge Capital Management L L P NC, Pacer Advisors Inc., DNB Asset Management AS, Smith Graham & Co. Investment Advisors LP, CX Institutional, Bowling Portfolio Management LLC, and State of Alaska Department of Revenue.
View insider buying and selling activity for Steel Dynamics
or view top insider-selling stocks.

Which institutional investors are buying Steel Dynamics stock?

STLD stock was purchased by a variety of institutional investors in the last quarter, including OLD National Bancorp IN, First Hawaiian Bank, Raymond James Trust N.A., Diversified Trust Co, Fulton Bank N.A., and Fruth Investment Management. Company insiders that have bought Steel Dynamics stock in the last two years include Bradley S Seaman, Gabriel Shaheen, Glenn Pushis, Miguel Alvarez, and Russell B Rinn.
View insider buying and selling activity for Steel Dynamics
or or view top insider-buying stocks.

How do I buy shares of Steel Dynamics?

Shares of STLD 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.

What is Steel Dynamics' stock price today?

One share of STLD stock can currently be purchased for approximately $40.18.

How big of a company is Steel Dynamics?

Steel Dynamics has a market capitalization of $8.45 billion and generates $10.49 billion in revenue each year. The basic materials company earns $671.10 million in net income (profit) each year or $3.10 on an earnings per share basis. Steel Dynamics employs 8,385 workers across the globe.

What is Steel Dynamics' official website?

The official website for Steel Dynamics is www.steeldynamics.com.

How can I contact Steel Dynamics?

Steel Dynamics' mailing address is 7575 W JEFFERSON BLVD, FORT WAYNE IN, 46804. The basic materials company can be reached via phone at 260-969-3500 or via email at [email protected]

This page was last updated on 1/21/2021 by MarketBeat.com Staff

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