NASDAQ:STLD - Steel Dynamics Stock Price, News, & Analysis

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$38.59 -0.45 (-1.15 %)
(As of 02/21/2019 04:00 PM ET)
Previous Close$39.04
Today's Range$38.29 - $39.15
52-Week Range$28.91 - $52.10
Volume2.05 million shs
Average Volume2.28 million shs
Market Capitalization$8.86 billion
P/E Ratio7.03
Dividend Yield1.92%
Beta1.4
Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment provides hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; merchant bar products, including angles, merchant rounds, flats, channels, and reinforcing bars; beams, channels, and specialty steel sections; and threaded rod products, and cold drawn and heat treated bars. 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 is involved 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, scrap management, marketing, and brokerage services. The Steel Fabrication Operations segment produces steel building components comprising steel joists, girders, trusses, and steel deck products for non-residential steel fabricators. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.

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Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
SectorBasic Materials
Current SymbolNASDAQ:STLD
CUSIP85811910
Phone260-969-3500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.82 billion
Cash Flow$7.2538 per share
Book Value$16.45 per share

Profitability

Net Income$1.26 billion

Miscellaneous

Employees7,635
Market Cap$8.86 billion
Next Earnings Date4/17/2019 (Estimated)
OptionableOptionable

Steel Dynamics (NASDAQ:STLD) Frequently Asked Questions

What is Steel Dynamics' stock symbol?

Steel Dynamics trades on the NASDAQ under the ticker symbol "STLD."

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

Steel Dynamics declared a quarterly dividend on Thursday, February 14th. Stockholders of record on Sunday, March 31st will be paid a dividend of $0.24 per share on Friday, April 12th. This represents a $0.96 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Friday, March 29th. This is a positive change from Steel Dynamics's previous quarterly dividend of $0.19. View Steel Dynamics' Dividend History.

How will Steel Dynamics' stock buyback program work?

Steel Dynamics announced that its board has authorized a share repurchase program on Tuesday, September 4th 2018, which authorizes the company to buyback $750,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 6.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) released its earnings results on Tuesday, January, 22nd. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.25 by $0.06. The basic materials company had revenue of $2.90 billion for the quarter, compared to analysts' expectations of $2.93 billion. Steel Dynamics had a net margin of 10.65% and a return on equity of 35.44%. The business's revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. View Steel Dynamics' Earnings History.

When is Steel Dynamics' next earnings date?

Steel Dynamics is scheduled to release their next quarterly earnings announcement on Wednesday, April 17th 2019. View Earnings Estimates for Steel Dynamics.

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

Steel Dynamics updated its fourth quarter earnings guidance on Tuesday, December, 18th. The company provided earnings per share (EPS) guidance of $1.25-1.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.37.

What price target have analysts set for STLD?

11 equities research analysts have issued twelve-month price targets for Steel Dynamics' stock. Their forecasts range from $32.00 to $59.00. On average, they expect Steel Dynamics' share price to reach $50.10 in the next year. This suggests a possible upside of 29.8% from the stock's current price. View Analyst Price Targets for Steel Dynamics.

What is the consensus analysts' recommendation for Steel Dynamics?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Steel Dynamics.

Has Steel Dynamics been receiving favorable news coverage?

Media coverage about STLD stock has been trending positive recently, according to InfoTrie. The research group scores the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Steel Dynamics earned a news sentiment score of 2.3 on InfoTrie's scale. They also assigned media coverage about the basic materials company a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days.

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 Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), Cisco Systems (CSCO), Nucor (NUE), Intel (INTC), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Gilead Sciences (GILD) and Exxon Mobil (XOM).

Who are Steel Dynamics' key executives?

Steel Dynamics' management team includes the folowing people:
  • Mr. Mark D. Millett, Co-Founder, CEO, Pres & Exec. Director (Age 59)
  • Mr. Richard P. Teets Jr., Co-Founder & Director (Age 64)
  • Ms. Theresa E. Wagler, Exec. VP & CFO (Age 49)
  • Mr. Glenn A. Pushis, Sr. VP of Special Projects (Age 53)
  • Mr. Barry T. Schneider, Sr. VP of Flat Roll Steel Group (Age 50)

Who are Steel Dynamics' major shareholders?

Steel Dynamics' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.41%), Dimensional Fund Advisors LP (1.95%), Oregon Public Employees Retirement Fund (1.77%), Bank of New York Mellon Corp (1.46%), Prudential Financial Inc. (1.37%) and Geode Capital Management LLC (1.21%). Company insiders that own Steel Dynamics stock include Christopher A Graham, Jurgen Dr Kolb, Keith E Busse, Richard P Teets Jr and Theresa E Wagler. 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 Victory Capital Management Inc., Bank of Montreal Can, Standard Life Aberdeen plc, ClariVest Asset Management LLC, Van ECK Associates Corp, First Trust Advisors LP, Raymond James & Associates and First Quadrant L P CA. Company insiders that have sold Steel Dynamics company stock in the last year include Christopher A Graham, Jurgen Dr Kolb, Keith E Busse and Theresa E Wagler. View Insider Buying and Selling for Steel Dynamics.

Which major investors are buying Steel Dynamics stock?

STLD stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, D. E. Shaw & Co. Inc., Millennium Management LLC, BlackRock Inc., Two Sigma Investments LP, Nuveen Asset Management LLC, APG Asset Management N.V. and Prudential Financial Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Steel Dynamics' stock price today?

One share of STLD stock can currently be purchased for approximately $38.59.

How big of a company is Steel Dynamics?

Steel Dynamics has a market capitalization of $8.86 billion and generates $11.82 billion in revenue each year. The basic materials company earns $1.26 billion in net income (profit) each year or $5.49 on an earnings per share basis. Steel Dynamics employs 7,635 workers across the globe.

What is Steel Dynamics' official website?

The official website for Steel Dynamics is http://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]


MarketBeat Community Rating for Steel Dynamics (NASDAQ STLD)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  701 (Vote Outperform)
Underperform Votes:  462 (Vote Underperform)
Total Votes:  1,163
MarketBeat's community ratings are surveys of what our community members think about Steel Dynamics and other stocks. Vote "Outperform" if you believe STLD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe STLD will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/21/2019 by MarketBeat.com Staff

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