Steel Dynamics Stock Price, News & Analysis (NASDAQ:STLD)

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

Steel Dynamics declared a quarterly dividend on Monday, August 26th. Stockholders of record on Monday, September 30th will be given a dividend of $0.24 per share on Friday, October 11th. This represents a $0.96 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, September 27th. View Steel Dynamics' Dividend History.

Steel Dynamics announced that its Board of Directors has authorized a stock buyback plan on Tuesday, September 4th 2018, which permits the company to repurchase $750,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Steel Dynamics, Inc. (NASDAQ:STLD) announced its quarterly earnings results on Wednesday, October, 16th. The basic materials company reported $0.69 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.70 by $0.01. The basic materials company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.62 billion. Steel Dynamics had a return on equity of 22.08% and a net margin of 7.44%. During the same period in the previous year, the business earned $1.69 earnings per share. View Steel Dynamics' Earnings History.

Steel Dynamics is scheduled to release their next quarterly earnings announcement on Tuesday, January 28th 2020. View Earnings Estimates for Steel Dynamics.

Steel Dynamics issued an update on its third quarter earnings guidance on Tuesday, September, 17th. The company provided EPS guidance of $0.66-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.72.

11 Wall Street analysts have issued 12 month price targets for Steel Dynamics' stock. Their forecasts range from $29.00 to $47.00. On average, they expect Steel Dynamics' share price to reach $33.40 in the next twelve months. This suggests a possible upside of 11.4% from the stock's current price. View Analyst Price Targets for Steel Dynamics.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Steel Dynamics.

Press coverage about STLD stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Steel Dynamics earned a daily sentiment score of 1.7 on InfoTrie's scale. They also assigned media coverage about the basic materials company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Steel Dynamics.

Steel Dynamics saw a decline in short interest in the month of September. As of September 30th, there was short interest totalling 5,160,000 shares, a decline of 16.5% from the August 30th total of 6,180,000 shares. Based on an average daily trading volume, of 2,250,000 shares, the short-interest ratio is presently 2.3 days. Approximately 2.5% of the shares of the company are sold short. View Steel Dynamics' Current Options Chain.

Some companies that are related to Steel Dynamics include Nucor (NUE), Reliance Steel & Aluminum (RS), Allegheny Technologies (ATI), Carpenter Technology (CRS), Commercial Metals (CMC), Worthington Industries (WOR), Cleveland-Cliffs (CLF), United States Steel (X), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

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 LP Unit (ET), Hill-Rom (HRC), NVIDIA (NVDA), Gilead Sciences (GILD), Alibaba Group (BABA), Exxon Mobil (XOM), Advanced Micro Devices (AMD) and Intel (INTC).

Steel Dynamics' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.39%), DNB Asset Management AS (0.37%), Peregrine Capital Management LLC (0.24%), Gateway Investment Advisers LLC (0.13%), Envestnet Asset Management Inc. (0.10%) and Pacer Advisors Inc. (0.07%). Company insiders that own Steel Dynamics stock include Christopher A Graham, Gabriel Shaheen, Glenn Pushis, Jurgen Dr Kolb, Keith E Busse, Miguel Alvarez, Richard P Teets Jr, Russell B Rinn 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 Virginia Retirement Systems ET AL, Bowling Portfolio Management LLC, Denali Advisors LLC, Meeder Asset Management Inc., State of Alaska Department of Revenue, Gateway Investment Advisers LLC, Nisa Investment Advisors LLC and First Citizens Bank & Trust Co.. View Insider Buying and Selling for Steel Dynamics.

STLD stock was acquired by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Winmill & CO. Inc., Pacer Advisors Inc., Envestnet Asset Management Inc., Peregrine Capital Management LLC, KAMES CAPITAL plc, DNB Asset Management AS and World Asset Management Inc. Company insiders that have bought Steel Dynamics stock in the last two years include Gabriel Shaheen, Glenn Pushis, Miguel Alvarez, Richard P Teets Jr and Russell B Rinn. 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, Robinhood, Fidelity and Charles Schwab.

One share of STLD stock can currently be purchased for approximately $29.97.

Steel Dynamics has a market capitalization of $6.58 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 8,200 workers across the globe.View Additional Information About Steel Dynamics.

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]