NASDAQ:STLD Steel Dynamics - STLD Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Steel Dynamics, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $108.34 +1.07 (+1.00%) (As of 03/23/2023 02:03 PM ET) Add Compare Share Share Today's Range$107.63▼$111.0550-Day Range$101.75▼$136.0652-Week Range$62.44▼$136.46Volume693,886 shsAverage Volume1.92 million shsMarket Capitalization$18.59 billionP/E Ratio5.21Dividend Yield1.26%Price Target$107.43 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Steel Dynamics MarketRank™ ForecastAnalyst RatingHold2.38 Rating ScoreUpside/Downside2.5% Downside$107.43 Price TargetShort InterestHealthy2.75% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.19Upright™ Environmental ScoreNews Sentiment1.19Based on 21 Articles This WeekInsider TradingN/AProj. Earnings Growth-36.46%From $14.84 to $9.43 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.2.25 out of 5 starsBasic Materials Sector85th out of 159 stocksBlast Furnaces & Steel Mills Industry8th out of 12 stocks 2.2 Analyst's Opinion Consensus RatingSteel Dynamics has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 3 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $107.43, Steel Dynamics has a forecasted downside of 2.5% from its current price of $110.15.Amount of Analyst CoverageSteel Dynamics has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.75% 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 1.9, 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 1.14%, indicating that investor sentiment is decreasing. Previous Next 4.2 Dividend Strength Dividend YieldSteel Dynamics pays a meaningful dividend of 1.26%, 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 6.54%. 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 14.42% next year. This indicates that Steel Dynamics will be able to sustain or increase its dividend. Previous Next 1.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSteel Dynamics has received a -39.27% 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 -3.19. Previous Next 3.4 News and Social Media Coverage News SentimentSteel Dynamics has a news sentiment score of 1.19. 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 0.30 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 21 news articles for Steel Dynamics this week, compared to 6 articles on an average week.Search Interest65 people have searched for STLD on MarketBeat in the last 30 days. This is an increase of 5% compared to the previous 30 days.MarketBeat FollowsOnly 14 people have added Steel Dynamics to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 5.40% 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 -36.46% in the coming year, from $14.84 to $9.43 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Steel Dynamics is 5.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.56.Price to Earnings Ratio vs. SectorThe P/E ratio of Steel Dynamics is 5.30, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 81.69.Price to Book Value per Share RatioSteel Dynamics has a P/B Ratio of 2.44. 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 HeadlinesMarch 20, 2023 | finance.yahoo.comMosaic (MOS) Gains on Strong Fertilizer Demand and Cost ActionsMarch 20, 2023 | americanbankingnews.comSteel Dynamics (NASDAQ:STLD) Given New $106.00 Price Target at Credit Suisse GroupMarch 23, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. March 19, 2023 | americanbankingnews.comSteel Dynamics (NASDAQ:STLD) Now Covered by Analysts at StockNews.comMarch 19, 2023 | americanbankingnews.comSteel Dynamics (NASDAQ:STLD) Downgraded to "Neutral" at CitigroupMarch 18, 2023 | americanbankingnews.comSteel Dynamics (NASDAQ:STLD) Releases Q1 Earnings GuidanceMarch 18, 2023 | americanbankingnews.comResearch Analysts Set Expectations for Steel Dynamics, Inc.'s FY2023 Earnings (NASDAQ:STLD)March 17, 2023 | americanbankingnews.comSteel Dynamics (NASDAQ:STLD) Stock Price Down 10.1%March 23, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. March 16, 2023 | benzinga.comSteel Dynamics Unusual Options ActivityMarch 16, 2023 | finance.yahoo.comSteel Dynamics (STLD) Sees Solid Q1 Profits From Steel OperationsMarch 16, 2023 | finance.yahoo.comSteel Dynamics, Inc. (STLD) is Attracting Investor Attention: Here is What You Should KnowMarch 16, 2023 | finance.yahoo.comDown -19.04% in 4 Weeks, Here's Why Steel Dynamics (STLD) Looks Ripe for a TurnaroundMarch 16, 2023 | markets.businessinsider.comMorgan Stanley Sticks to Its Hold Rating for Steel Dynamics (STLD)March 15, 2023 | msn.comSteel Dynamics drops amid a downgrade to neutral from Citi on valuationMarch 15, 2023 | finance.yahoo.comNational Steel (SID) Q4 Earnings Miss Estimates, Revenues Up Y/YMarch 15, 2023 | finance.yahoo.comExpansion Plans to Drive Southern Copper (SCCO), Costs AilMarch 15, 2023 | finanznachrichten.deSteel Dynamics, Inc.: Steel Dynamics Provides First Quarter 2023 Earnings GuidanceMarch 15, 2023 | finance.yahoo.comSteel Dynamics Provides First Quarter 2023 Earnings GuidanceMarch 15, 2023 | markets.businessinsider.comSteel Dynamics Guides Q1 Profit Well Above EstimatesMarch 14, 2023 | finance.yahoo.com3 Momentum Anomaly Picks as Silicon Valley Bank Rattles MarketMarch 14, 2023 | seekingalpha.comSteel Dynamics: Hedgeye Short Report, I Don't AgreeMarch 10, 2023 | finance.yahoo.com12 Stocks Up Big This Year Are Due For A Nasty Fall, Analysts SayMarch 7, 2023 | finance.yahoo.comSteel Dynamics (STLD) Stock Moves -0.75%: What You Should KnowMarch 6, 2023 | finance.yahoo.comSteel Dynamics (STLD) Raises Cash Dividend by 25% for Q1March 3, 2023 | finance.yahoo.comSteel Stocks are Quietly Leading this Market: Is it Too Late to Buy?March 3, 2023 | msn.comSteel Dynamics Is Growing This Business Line for a Very Good ReasonSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Ex-Dividend for 1/13 Dividend12/30/2022Dividend Payable1/13/2023Last Earnings1/25/2023Today3/23/2023Ex-Dividend for 4/14 Dividend3/30/2023Dividend Payable4/14/2023Next Earnings (Estimated)4/19/2023Fiscal 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$107.43 High Stock Price Forecast$120.00 Low Stock Price Forecast$93.00 Forecasted Upside/Downside+0.1%Consensus RatingHold Rating Score (0-4)2.38 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$20.79 Trailing P/E Ratio5.16 Forward P/E Ratio7.84 P/E GrowthN/ANet Income$3.86 billion Net Margins17.35% Pretax Margin22.56% Return on Equity56.22% Return on Assets30.48% Debt Debt-to-Equity Ratio0.38 Current Ratio3.76 Quick Ratio2.22 Sales & Book Value Annual Sales$22.26 billion Price / Sales0.83 Cash Flow$26.95 per share Price / Cash Flow3.98 Book Value$45.08 per share Price / Book2.38Miscellaneous Outstanding Shares171,578,000Free Float162,313,000Market Cap$18.41 billion OptionableOptionable Beta1.51 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 CompetitorsUnited States SteelNYSE:XCommercial MetalsNYSE:CMCNucorNYSE:NUEPOSCONYSE:PKXArcelorMittalNYSE:MTView All CompetitorsInsiders & InstitutionsMather Group LLC.Bought 2,503 shares on 3/10/2023Ownership: 0.001%Rockefeller Capital Management L.P.Sold 1,853 shares on 3/6/2023Ownership: 0.016%OLD Mission Capital LLCBought 923 shares on 3/6/2023Ownership: 0.001%Regal Investment Advisors LLCBought 104 shares on 3/1/2023Ownership: 0.003%Trust Investment AdvisorsBought 4,142 shares on 2/28/2023Ownership: 0.002%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 5 hold ratings and 3 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. View STLD analyst ratings or view top-rated stocks. What is Steel Dynamics' stock price forecast for 2023? 8 equities research analysts have issued 12 month target prices for Steel Dynamics' shares. Their STLD share price forecasts range from $93.00 to $120.00. On average, they expect the company's stock price to reach $107.43 in the next year. This suggests a possible upside of 0.1% 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 on January 1st, 2023. Since then, STLD shares have increased by 9.8% and is now trading at $107.27. 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, April 19th 2023. View our STLD earnings forecast. How were Steel Dynamics' earnings last quarter? 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 had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.77 billion. Steel Dynamics had a trailing twelve-month return on equity of 56.22% and a net margin of 17.35%. The company's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.78 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, February 27th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.425 per share on Friday, April 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Thursday, March 30th. This is a positive change from the stock's previous quarterly dividend of $0.34. 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 First Trust Materials AlphaDEX Fund (FXZ), VanEck Steel ETF (SLX), 2ndVote Life Neutral Plus ETF (LYFE), SPDR S&P Metals & Mining ETF (XME), Invesco DWA Basic Materials Momentum ETF (PYZ), Direxion Daily Metal Miners Bull 2X Shares (MNM), Invesco S&P 500 Equal Weight Materials ETF (RTM) and 2ndVote Society Defended ETF (EGIS). Is Steel Dynamics a good dividend stock? Steel Dynamics (NASDAQ:STLD) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.26%. 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 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 14.42% 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 has initiated a share buyback program on Thursday, November 10th 2022, which authorizes the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 8.8% of its stock through open market purchases. Stock repurchase programs are typically 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 first quarter 2023 earnings guidance on Wednesday, March, 15th. The company provided earnings per share (EPS) 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 a number of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (3.26%), Geode Capital Management LLC (2.38%), Royal London Asset Management Ltd. (1.84%), Morgan Stanley (1.73%), Price T Rowe Associates Inc. MD (1.31%) and Victory Capital Management Inc. (1.34%). 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 $107.27. How much money does Steel Dynamics make? Steel Dynamics (NASDAQ:STLD) has a market capitalization of $18.41 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. 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. This page (NASDAQ:STLD) was last updated on 3/23/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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