NASDAQ:STLD

Steel Dynamics Stock Forecast, Price & News

$59.69
-0.45 (-0.75 %)
(As of 06/23/2021 12:00 AM ET)
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Today's Range
$59.48
$61.57
50-Day Range
$50.12
$66.51
52-Week Range
$24.00
$66.88
Volume1.83 million shs
Average Volume2.35 million shs
Market Capitalization$12.61 billion
P/E Ratio15.92
Dividend Yield1.73%
Beta1.46
30 days | 90 days | 365 days | Advanced Chart
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Steel Dynamics logo

About Steel Dynamics

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 and cold roll, and coated steel products; structural flange beams and channel sections, flat bars, large unequal leg angles, reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including channels, angles, flats, merchant rounds, and reinforcing steel bars; and other engineered round steel bars. This segment is also involved in the 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 merchant bar products. 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, such as steel joists, girders, trusses, and steel deck products for non-residential steel fabricators. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.

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MarketRank

Overall MarketRank

2.73 out of 5 stars

Basic Materials Sector

2nd out of 904 stocks

Blast Furnaces & Steel Mills Industry

1st out of 24 stocks

Analyst Opinion: 3.4Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Steel Dynamics (NASDAQ:STLD) Frequently Asked Questions

Is Steel Dynamics a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Steel Dynamics stock.
View analyst ratings for Steel Dynamics
or view top-rated stocks.

What stocks does MarketBeat like better than Steel Dynamics?

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

When is Steel Dynamics' next earnings date?

Steel Dynamics is scheduled to release its next quarterly earnings announcement on Monday, July 19th 2021.
View our earnings forecast for Steel Dynamics
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) released its quarterly earnings data on Sunday, April, 18th. The basic materials company reported $2.10 EPS for the quarter, beating the consensus estimate of $1.98 by $0.12. The basic materials company had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.41 billion. Steel Dynamics had a net margin of 7.51% and a trailing twelve-month return on equity of 20.46%. The business's revenue for the quarter was up 37.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 EPS.
View Steel Dynamics' earnings history
.

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

Steel Dynamics' stock was trading at $21.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, STLD shares have increased by 182.2% and is now trading at $59.69.
View which stocks have been most impacted by COVID-19
.

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

Steel Dynamics announced a quarterly dividend on Thursday, May 20th. Stockholders of record on Wednesday, June 30th will be given a dividend of $0.26 per share on Friday, July 16th. This represents a $1.04 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, June 29th.
View Steel Dynamics' dividend history
.

Is Steel Dynamics a good dividend stock?

Steel Dynamics pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.73%. 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 36.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Steel Dynamics will have a dividend payout ratio of 29.80% 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 declared that its Board of Directors has approved a share buyback plan on Wednesday, February 26th 2020, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 8.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

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

Steel Dynamics updated its second quarter 2021 earnings guidance on Wednesday, June, 23rd. The company provided earnings per share (EPS) guidance of $3.340-3.380 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.050. The company issued revenue guidance of -.

What price target have analysts set for STLD?

8 equities research analysts have issued 12-month price targets for Steel Dynamics' shares. Their forecasts range from $52.00 to $107.00. On average, they expect Steel Dynamics' stock price to reach $65.67 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price.
View analysts' price targets for Steel Dynamics
or view top-rated stocks among Wall Street analysts.

Who are Steel Dynamics' key executives?

Steel Dynamics' management team includes the following people:
  • Mr. Mark D. Millett, Chairman, Co-Founder, CEO & Pres (Age 61, Pay $4.9M)
  • Mr. Keith E. Busse, Co-Founder & Director (Age 77, Pay $250k)
  • Mr. Richard P. Teets Jr., Co-Founder & Director (Age 66, Pay $100k)
  • Ms. Theresa E. Wagler, Exec. VP, CFO & Company Sec. (Age 51, Pay $2.52M)
  • Mr. Glenn A. Pushis, Sr. VP of Special Projects (Age 55, Pay $1.7M)
  • Mr. Barry T. Schneider, Sr. VP of Flat Roll Steel Group (Age 52, Pay $1.7M)
  • Mr. Russell B. Rinn, Exec. VP of Metals Recycling (Age 64, Pay $2.1M)
  • 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 Mark Millet's approval rating as Steel Dynamics' CEO?

40 employees have rated Steel Dynamics CEO Mark Millet on Glassdoor.com. Mark Millet has an approval rating of 99% among Steel Dynamics' employees. This puts Mark Millet in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (11.69%), Victory Capital Management Inc. (3.49%), Boston Partners (3.31%), Dimensional Fund Advisors LP (3.15%), LSV Asset Management (1.38%) and Geode Capital Management LLC (1.37%). 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 Boston Partners, Renaissance Technologies LLC, D. E. Shaw & Co. Inc., AQR Capital Management LLC, Victory Capital Management Inc., Prudential Financial Inc., Robeco Institutional Asset Management B.V., and Bank of New York Mellon Corp. Company insiders that have sold Steel Dynamics company stock in the last year include Glenn Pushis, and Keith E Busse.
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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., FIL Ltd, UBS Group AG, Credit Suisse AG, Amundi Asset Management US Inc., Nuveen Asset Management LLC, Morgan Stanley, and Key Group Holdings Cayman LTD.. 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.
Compare Top Brokerages Here.

What is Steel Dynamics' stock price today?

One share of STLD stock can currently be purchased for approximately $59.69.

How much money does Steel Dynamics make?

Steel Dynamics has a market capitalization of $12.61 billion and generates $9.60 billion in revenue each year. The basic materials company earns $550.82 million in net income (profit) each year or $2.84 on an earnings per share basis.

How many employees does Steel Dynamics have?

Steel Dynamics employs 9,625 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, and Vulcan Threaded Products Inc..

When was Steel Dynamics founded?

Steel Dynamics was founded in 1993.

What is Steel Dynamics' official website?

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

Where are Steel Dynamics' headquarters?

Steel Dynamics is headquartered at 7575 W JEFFERSON BLVD, FORT WAYNE IN, 46804.

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 6/24/2021 by MarketBeat.com Staff
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