NASDAQ:STLD Steel Dynamics (STLD) Stock Forecast, Price & News $92.70 +0.80 (+0.87%) (As of 11:57 AM ET) Add Compare Share Share Today's Range$90.88▼$92.7850-Day Range$91.90▼$113.1752-Week Range$62.44▼$136.46Volume474,434 shsAverage Volume1.79 million shsMarket Capitalization$15.67 billionP/E Ratio4.94Dividend Yield1.83%Price Target$107.63 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Steel Dynamics MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside16.9% Upside$107.63 Price TargetShort InterestHealthy4.26% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-2.25Upright™ Environmental ScoreNews Sentiment1.36Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth-46.79%From $16.20 to $8.62 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.13 out of 5 starsBasic Materials Sector203rd out of 320 stocksBlast Furnaces & Steel Mills Industry19th out of 24 stocks 2.0 Analyst's Opinion Consensus RatingSteel Dynamics has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 6 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $107.63, Steel Dynamics has a forecasted upside of 16.9% from its current price of $92.08.Amount of Analyst CoverageSteel Dynamics has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.26% of the float of Steel Dynamics has been sold short.Short Interest Ratio / Days to CoverSteel Dynamics has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Steel Dynamics has recently increased by 13.80%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend YieldSteel Dynamics pays a meaningful dividend of 1.83%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthSteel Dynamics has been increasing its dividend for 11 years.Dividend CoverageThe dividend payout ratio of Steel Dynamics is 9.05%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Steel Dynamics will have a dividend payout ratio of 19.72% next year. This indicates that Steel Dynamics will be able to sustain or increase its dividend. Previous Next 1.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSteel Dynamics has received a -23.25% net impact score from Upright. The largest negative impact of Steel Dynamics in category "GHG emissions" seems to be driven mostly by its "Recycled steel", "Stainless steel", and "Copper wire" products. See details.Environmental SustainabilityThe Environmental Impact score for Steel Dynamics is -2.25. Previous Next 2.4 News and Social Media Coverage News SentimentSteel Dynamics has a news sentiment score of 1.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.33 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Steel Dynamics this week, compared to 8 articles on an average week.Search InterestOnly 2 people have searched for STLD on MarketBeat in the last 30 days. This is a decrease of -95% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Steel Dynamics to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Steel Dynamics insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 6.00% of the stock of Steel Dynamics is held by insiders.Percentage Held by Institutions79.54% of the stock of Steel Dynamics is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Steel Dynamics are expected to decrease by -46.79% in the coming year, from $16.20 to $8.62 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Steel Dynamics is 4.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Steel Dynamics is 4.90, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 86.65.Price to Book Value per Share RatioSteel Dynamics has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Steel Dynamics (NASDAQ:STLD) StockSteel 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.Read More Receive STLD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Steel Dynamics and its competitors with MarketBeat's FREE daily newsletter. Email Address STLD Stock News HeadlinesJune 1, 2023 | finance.yahoo.comThis Steel Company Is Way Ahead of the Competition on This Key MetricMay 26, 2023 | finance.yahoo.comSteel Dynamics (NASDAQ:STLD) Knows How To Allocate Capital EffectivelyJune 1, 2023 | Edge On The Street (Ad)AI Getting Close to Thinking Like HumansTechnology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.May 25, 2023 | fool.comSteel Dynamics (NASDAQ: STLD)May 25, 2023 | americanbankingnews.comSteel Dynamics (NASDAQ:STLD) Shares Gap Down to $97.19May 23, 2023 | msn.comNucor, Steel Dynamics slide as J.P. Morgan initiates at Sell equivalentMay 23, 2023 | msn.comMorgan Stanley Maintains Steel Dynamics (STLD) Equal-Weight RecommendationMay 23, 2023 | msn.comJP Morgan Initiates Coverage of Steel Dynamics (STLD) with Underweight RecommendationJune 1, 2023 | Edge On The Street (Ad)The $193 Billion US-China War You Don't Know AboutThey're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.May 23, 2023 | finance.yahoo.comWall Street Is Downbeat on Steel. The Case Against Nucor, Others.May 23, 2023 | americanbankingnews.comSteel Dynamics (NASDAQ:STLD) Research Coverage Started at JPMorgan Chase & Co.May 22, 2023 | thestreet.com4 Steel Products Stocks to BuyMay 22, 2023 | finance.yahoo.comPPG Industries (PPG) & Universal Display Launch OLED PlantMay 22, 2023 | americanbankingnews.comSteel Dynamics (NASDAQ:STLD) Now Covered by StockNews.comMay 21, 2023 | msn.comSteel Dynamics: A Steel Stock To WatchMay 19, 2023 | finance.yahoo.comSteel Dynamics (STLD) Down 12.3% Since Last Earnings Report: Can It Rebound?May 19, 2023 | finance.yahoo.comWhat Makes Steel Dynamics (STLD) a New Buy StockMay 17, 2023 | finance.yahoo.comAshland (ASH) Raises Dividend, Announces Share Buyback PlanMay 16, 2023 | finance.yahoo.comAmerican Vanguard (AVD) Earnings and Sales Miss Estimates in Q1May 16, 2023 | americanbankingnews.comSteel Dynamics, Inc. (NASDAQ:STLD) to Post Q2 2023 Earnings of $5.07 Per Share, KeyCorp ForecastsMay 15, 2023 | finance.yahoo.com3 Top Ranked Stocks with Substantial Share Buyback ProgramsMay 15, 2023 | msn.comSteel Dynamics declares $0.425 dividendMay 15, 2023 | finance.yahoo.comSteel Dynamics Announces Second Quarter 2023 Cash DividendMay 15, 2023 | americanbankingnews.comAnalysts Set Steel Dynamics, Inc. (NASDAQ:STLD) PT at $111.29May 12, 2023 | finance.yahoo.comCabot's (CBT) Earnings Top Estimates in Q2, Revenues LagMay 7, 2023 | americanbankingnews.comUBS Group Lowers Steel Dynamics (NASDAQ:STLD) Price Target to $100.00May 5, 2023 | americanbankingnews.comZacks Research Analysts Raise Earnings Estimates for Steel Dynamics, Inc. (NASDAQ:STLD)See More Headlines STLD Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart STLD Company Calendar Ex-Dividend for 4/14 Dividend3/30/2023Dividend Payable4/14/2023Last Earnings4/19/2023Today6/01/2023Ex-Dividend for 7/14 Dividend6/29/2023Dividend Payable7/14/2023Next Earnings (Estimated)7/19/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Blast furnaces & steel mills Sub-IndustrySteel SectorBasic Materials Current SymbolNASDAQ:STLD CUSIP85811910 CIK1022671 Webwww.steeldynamics.com Phone(260) 969-3500Fax260-969-3590Employees12,060Year Founded1993Price Target and Rating Average Stock Price Forecast$107.63 High Stock Price Forecast$123.00 Low Stock Price Forecast$82.00 Forecasted Upside/Downside+17.1%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$18.78 Trailing P/E Ratio4.89 Forward P/E Ratio5.67 P/E GrowthN/ANet Income$3.86 billion Net Margins15.73% Pretax Margin20.44% Return on Equity47.68% Return on Assets26.48% Debt Debt-to-Equity Ratio0.37 Current Ratio4.15 Quick Ratio2.51 Sales & Book Value Annual Sales$22.26 billion Price / Sales0.70 Cash Flow$25.11 per share Price / Cash Flow3.66 Book Value$48.04 per share Price / Book1.91Miscellaneous Outstanding Shares169,030,000Free Float158,892,000Market Cap$15.53 billion OptionableOptionable Beta1.48 Social Links Key ExecutivesMark D. MillettChairman & Chief Executive OfficerBarry T. SchneiderPresident & Chief Operating OfficerTheresa E. WaglerChief Financial Officer, Secretary & Executive VPRobert E. FrancisChief Information Officer & Vice PresidentRichard A. PoinsatteTreasurer, Vice President & Risk ManagerKey CompetitorsCommercial MetalsNYSE:CMCUnited States SteelNYSE:XNucorNYSE:NUEArcelorMittalNYSE:MTPOSCONYSE:PKXView All CompetitorsInsiders & InstitutionsProShare Advisors LLCBought 2,160 shares on 5/26/2023Ownership: 0.017%Brandywine Global Investment Management LLCSold 16,104 shares on 5/25/2023Ownership: 0.094%Toroso Investments LLCSold 7,217 shares on 5/23/2023Ownership: 0.012%3Chopt Investment Partners LLCBought 11,251 shares on 5/23/2023Ownership: 0.007%Ameriprise Financial Inc.Sold 185,667 shares on 5/22/2023Ownership: 0.444%View All Insider TransactionsView All Institutional Transactions STLD Stock - Frequently Asked Questions Should I buy or sell Steel Dynamics stock 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 sell rating, 6 hold ratings and 1 buy rating 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? 8 brokers have issued 12-month price targets for Steel Dynamics' shares. Their STLD share price forecasts range from $82.00 to $123.00. On average, they expect the company's stock price to reach $107.63 in the next year. This suggests a possible upside of 17.1% 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 2023? Steel Dynamics' stock was trading at $97.70 at the start of the year. Since then, STLD shares have decreased by 5.9% and is now trading at $91.90. 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, July 19th 2023. View our STLD earnings forecast. How were Steel Dynamics' earnings last quarter? Steel Dynamics, Inc. (NASDAQ:STLD) posted its quarterly earnings data on Wednesday, April, 19th. The basic materials company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.81 by $0.20. The basic materials company earned $4.89 billion during the quarter, compared to analyst estimates of $4.95 billion. Steel Dynamics had a net margin of 15.73% and a trailing twelve-month return on equity of 47.68%. The business's revenue was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.02 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 Monday, May 15th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.425 per share on Friday, July 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, June 29th. Read our dividend analysis for STLD. What ETFs hold Steel Dynamics' stock? ETFs with the largest weight of Steel Dynamics (NASDAQ:STLD) stock in their portfolio include VanEck Steel ETF (SLX), First Trust Materials AlphaDEX Fund (FXZ), SPDR S&P Metals & Mining ETF (XME), Invesco DWA Basic Materials Momentum ETF (PYZ), 2ndVote Life Neutral Plus ETF (LYFE), Direxion Daily Metal Miners Bull 2X Shares (MNM), 2ndVote Society Defended ETF (EGIS) and Invesco S&P 500 Equal Weight Materials ETF (RTM). Is Steel Dynamics a good dividend stock? Steel Dynamics (NASDAQ:STLD) pays an annual dividend of $1.70 per share and currently has a dividend yield of 1.78%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 9.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 19.72% 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 announced that its Board of Directors has authorized a stock buyback program on Thursday, November 10th 2022, which permits the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 8.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its shares are undervalued. What guidance has Steel Dynamics issued on next quarter's earnings? Steel Dynamics updated its first quarter 2023 earnings guidance on Wednesday, March, 15th. The company provided earnings per share guidance of $3.78-$3.82 for the period, compared to the consensus EPS estimate of $3.10. 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (10.41%), State Street Corp (4.99%), FMR LLC (4.87%), Dimensional Fund Advisors LP (3.40%), Geode Capital Management LLC (2.41%) and First Trust Advisors LP (1.48%). Insiders that own company stock include Christopher A Graham, Gabriel Shaheen, Glenn Pushis, James C Marcuccilli, Keith E Busse, Mark D Millett, Miguel Alvarez 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 $91.90. How much money does Steel Dynamics make? Steel Dynamics (NASDAQ:STLD) has a market capitalization of $15.53 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 $18.78 on an earnings per share basis. How many employees does Steel Dynamics have? The company employs 12,060 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. 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