Steel Dynamics Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last twelve months. There are currently 1 sell rating, 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Steel Dynamics stock.
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Steel Dynamics is scheduled to release its next quarterly earnings announcement on Monday, April 19th 2021.
View our earnings forecast for Steel Dynamics.

Steel Dynamics will be holding an earnings conference call on Monday, April 19th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Steel Dynamics, Inc. (NASDAQ:STLD) released its quarterly earnings data on Sunday, January, 24th. The basic materials company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.15. The basic materials company earned $2.60 billion during the quarter, compared to analysts' expectations of $2.52 billion. Steel Dynamics had a net margin of 5.17% and a trailing twelve-month return on equity of 13.33%. Steel Dynamics's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS.
View Steel Dynamics' earnings history.

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 140.3% and is now trading at $50.82.
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Steel Dynamics announced a quarterly dividend on Friday, February 26th. Stockholders of record on Wednesday, March 31st will be given a dividend of $0.26 per share on Friday, April 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Tuesday, March 30th. This is a boost from Steel Dynamics's previous quarterly dividend of $0.25.
View Steel Dynamics' dividend history.

Steel Dynamics pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.03%. Steel Dynamics has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Steel Dynamics is 33.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Steel Dynamics will have a dividend payout ratio of 32.40% next year. This indicates that Steel Dynamics will be able to sustain or increase its dividend.
View Steel Dynamics' dividend history.

Steel Dynamics declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 26th 2020, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 8.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Steel Dynamics issued an update on its first quarter earnings guidance on Wednesday, March, 17th. The company provided earnings per share (EPS) guidance of $1.94-1.98 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.00.

10 analysts have issued 1 year price targets for Steel Dynamics' shares. Their forecasts range from $23.00 to $57.00. On average, they anticipate Steel Dynamics' share price to reach $39.22 in the next twelve months. This suggests that the stock has a possible downside of 22.8%.
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40 employees have rated Steel Dynamics CEO Mark Millet on Glassdoor.com. Mark Millet has an approval rating of 99% among Steel Dynamics' employees. This puts Mark Millet in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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

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).

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

Steel Dynamics' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Royal London Asset Management Ltd. (1.22%), Wedge Capital Management L L P NC (0.09%), Louisiana State Employees Retirement System (0.02%), State of Alaska Department of Revenue (0.01%), Pacer Advisors Inc. (0.01%) and Clear Street Markets LLC (0.01%). Company insiders that own Steel Dynamics stock include Bradley S Seaman, Gabriel Shaheen, Glenn Pushis, Keith E Busse, Miguel Alvarez and Russell B Rinn.
View institutional ownership trends for Steel Dynamics.

STLD stock was sold by a variety of institutional investors in the last quarter, including Royal London Asset Management Ltd., Wedge Capital Management L L P NC, Clear Street Markets LLC, State of Alaska Department of Revenue, Graves Light Private Wealth Management Inc., First Hawaiian Bank, and First Citizens Bank & Trust Co..
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STLD stock was acquired by a variety of institutional investors in the last quarter, including Secure Asset Management LLC, Carolina Wealth Advisors LLC, Louisiana State Employees Retirement System, Valeo Financial Advisors LLC, 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, and Russell B Rinn.
View insider buying and selling activity for Steel Dynamics or or view top insider-buying stocks.

Shares of STLD 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.
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One share of STLD stock can currently be purchased for approximately $50.82.

Steel Dynamics has a market capitalization of $10.73 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.

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, and Vulcan Threaded Products Inc..

Steel Dynamics was founded in 1993.

The official website for Steel Dynamics is www.steeldynamics.com.

Steel Dynamics is headquartered at 7575 W JEFFERSON BLVD, FORT WAYNE IN, 46804.

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]