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NASDAQ:STLD

Steel Dynamics Stock Forecast, Price & News

$31.48
-0.14 (-0.44 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$31.01
Now: $31.48
$31.80
50-Day Range
$28.63
MA: $31.04
$33.39
52-Week Range
$14.98
Now: $31.48
$35.78
Volume2.05 million shs
Average Volume2.15 million shs
Market Capitalization$6.62 billion
P/E Ratio13.87
Dividend Yield3.16%
Beta1.42
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.7Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 out of 5 stars

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$4.43 per share
Book Value$18.20 per share

Profitability

Net Income$671.10 million

Miscellaneous

Market Cap$6.62 billion
Next Earnings Date1/27/2021 (Estimated)
OptionableOptionable
$31.48
-0.14 (-0.44 %)
(As of 10/30/2020 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?

Steel Dynamics' stock was trading at $21.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, STLD shares have increased by 48.8% and is now trading at $31.48.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Steel Dynamics?

10 Wall Street 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Steel Dynamics
.

When is Steel Dynamics' next earnings date?

Steel Dynamics is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for Steel Dynamics
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) announced its quarterly earnings data on Monday, October, 19th. The basic materials company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. The basic materials company earned $2.33 billion during the quarter, compared to the consensus estimate of $2.21 billion. Steel Dynamics had a return on equity of 13.40% and a net margin of 5.17%. Steel Dynamics's revenue was down 7.8% on a year-over-year basis. During the same quarter 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 declared a quarterly dividend on Friday, August 21st. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.25 per share on Friday, October 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Tuesday, September 29th.
View Steel Dynamics' dividend history
.

How will Steel Dynamics' stock buyback program work?

Steel Dynamics announced that its board has approved a share repurchase plan on Wednesday, February 26th 2020, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 8.3% of its stock through open market purchases. Stock buyback plans are generally a sign 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 third quarter earnings guidance on Thursday, September, 17th. The company provided earnings per share guidance of $0.46-0.50 for the period, compared to the Thomson Reuters consensus estimate of $0.38.

What price target have analysts set for STLD?

10 brokers have issued 12 month target prices for Steel Dynamics' stock. Their forecasts range from $23.00 to $40.00. On average, they expect Steel Dynamics' stock price to reach $31.78 in the next year. This suggests a possible upside of 0.9% from the stock's current price.
View analysts' price targets for Steel Dynamics
.

Are investors shorting Steel Dynamics?

Steel Dynamics saw a decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,950,000 shares, a decline of 27.7% from the September 15th total of 4,080,000 shares. Based on an average daily trading volume, of 1,680,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.5% of the shares of the company are sold short.
View Steel Dynamics' Short Interest
.

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 76, Pay $250k)
  • Mr. Mark D. Millett, Co-Founder, CEO, Pres & Exec. Director (Age 60, Pay $4.77M)
  • Mr. Richard P. Teets Jr., Co-Founder & Director (Age 65, Pay $100k)
  • Ms. Theresa E. Wagler, Exec. VP, CFO & Company Sec. (Age 50, Pay $2.42M)
  • Mr. Glenn A. Pushis, Sr. VP of Special Projects (Age 54, Pay $1.62M)
  • Mr. Barry T. Schneider, Sr. VP of Flat Roll Steel Group (Age 51, Pay $1.61M)
  • Mr. Russel B. Rinn, Exec. VP of Metals Recycling (Age 63, 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 56)

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 retail and institutional investors. Top institutional shareholders include LSV Asset Management (1.52%), Hamlin Capital Management LLC (1.10%), DNB Asset Management AS (0.53%), Robeco Institutional Asset Management B.V. (0.52%), Peregrine Capital Management LLC (0.22%) and Foundry Partners LLC (0.15%). Company insiders that own Steel Dynamics stock include Bradley S Seaman, Gabriel Shaheen, Glenn Pushis, Keith E Busse, Miguel Alvarez, Richard P Teets Jr and Russell B Rinn.
View institutional ownership trends for Steel Dynamics
.

Which major investors are selling Steel Dynamics stock?

STLD stock was sold by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, Bowling Portfolio Management LLC, Dupont Capital Management Corp, Peregrine Capital Management LLC, Exane Derivatives, Exane Derivatives, Robeco Institutional Asset Management B.V., and State of New Jersey Common Pension Fund D.
View insider buying and selling activity for Steel Dynamics
.

Which major investors are buying Steel Dynamics stock?

STLD stock was purchased by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, Kessler Investment Group LLC, Cornerstone Wealth Group LLC, Foundry Partners LLC, Miller Howard Investments Inc. NY, KBC Group NV, LSV Asset Management, and Pacer Advisors Inc.. Company insiders that have bought Steel Dynamics stock in the last two years include Bradley S Seaman, Gabriel Shaheen, Glenn Pushis, Miguel Alvarez, Richard P Teets Jr, and Russell B Rinn.
View insider buying and selling activity for Steel Dynamics
.

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 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 $31.48.

How big of a company is Steel Dynamics?

Steel Dynamics has a market capitalization of $6.62 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 10/31/2020 by MarketBeat.com Staff

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