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

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

Steel Dynamics declared a quarterly dividend on Monday, August 20th. Shareholders of record on Sunday, September 30th will be paid a dividend of $0.1875 per share on Friday, October 12th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, September 27th. View Steel Dynamics' Dividend History.

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

Steel Dynamics, Inc. (NASDAQ:STLD) posted its quarterly earnings results on Wednesday, October, 17th. The basic materials company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.65 by $0.04. The basic materials company earned $3.22 billion during the quarter, compared to the consensus estimate of $3.14 billion. Steel Dynamics had a return on equity of 31.96% and a net margin of 11.49%. The firm's revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. View Steel Dynamics' Earnings History.

Steel Dynamics is scheduled to release their next quarterly earnings announcement on Monday, January 28th 2019. View Earnings Estimates for Steel Dynamics.

Steel Dynamics issued an update on its third quarter earnings guidance on Tuesday, September, 18th. The company provided earnings per share (EPS) guidance of $1.64-1.68 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.70.

13 equities research analysts have issued 12 month price targets for Steel Dynamics' stock. Their forecasts range from $47.00 to $60.00. On average, they anticipate Steel Dynamics' stock price to reach $53.50 in the next twelve months. This suggests a possible upside of 34.8% from the stock's current price. View Analyst Price Targets for Steel Dynamics.

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

News coverage about STLD stock has been trending somewhat positive this week, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Steel Dynamics earned a media sentiment score of 1.5 on InfoTrie's scale. They also assigned news stories about the basic materials company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days.

Steel Dynamics saw a decrease in short interest during the month of October. As of October 15th, there was short interest totalling 5,633,865 shares, a decrease of 23.4% from the September 28th total of 7,355,233 shares. Based on an average daily volume of 2,873,919 shares, the short-interest ratio is currently 2.0 days. Approximately 2.5% of the shares of the stock are sold short. View Steel Dynamics' Current Options Chain.

Some companies that are related to Steel Dynamics include ArcelorMittal (MT), Nucor (NUE), POSCO (PKX), SUMITOMO Corp/S (SSUMY), Tenaris (TS), EVRAZ (EVRZF), Ternium (TX), United States Steel (X), APERAM/SH N Y REGISTRY SH (APEMY), Commercial Metals (CMC), Carpenter Technology (CRS), USINAS SIDERURG/S (USNZY), AK Steel (AKS), SunCoke Energy (SXC) and SunCoke Energy Partners (SXCP).

Steel Dynamics' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.85%), FMR LLC (2.62%), Steadfast Capital Management LP (1.51%), Bank of New York Mellon Corp (1.39%), Standard Life Aberdeen plc (1.13%) and Prudential Financial Inc. (1.05%). 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.

STLD stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, AQR Capital Management LLC, KAMES CAPITAL plc, TIAA CREF Investment Management LLC, FMR LLC, Mitsubishi UFJ Trust & Banking Corp, Deutsche Bank AG and Los Angeles Capital Management & Equity Research Inc.. 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.

STLD stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Prudential Financial Inc., Glenmede Trust Co. NA, Janus Henderson Group PLC, Ashler Capital LLC, Panagora Asset Management Inc., Capital Fund Management S.A. and Seven Eight Capital LP. View Insider Buying and Selling for 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.

One share of STLD stock can currently be purchased for approximately $39.68.

Steel Dynamics has a market capitalization of $9.25 billion and generates $9.54 billion in revenue each year. The basic materials company earns $812.74 million in net income (profit) each year or $2.65 on an earnings per share basis. Steel Dynamics employs 7,635 workers across the globe.

The official website for Steel Dynamics is http://www.steeldynamics.com.

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]