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

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$32.48 -0.34 (-1.04 %)
(As of 04/24/2019 04:00 PM ET)
Previous Close$32.82
Today's Range$31.9850 - $32.96
52-Week Range$28.91 - $52.10
Volume2.79 million shs
Average Volume2.16 million shs
Market Capitalization$7.24 billion
P/E Ratio5.92
Dividend Yield2.93%
Beta1.39
Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections. This segment is also involved in the turning, polishing, straightening, chamfering, threading, precision saw-cutting, cold drawing, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, and coating of beams, channels, and specialty steel sections. 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 engages 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, marketing, brokerage, and scrap management 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$6.6969 per share
Book Value$16.45 per share

Profitability

Net Income$1.26 billion

Miscellaneous

Employees8,200
Market Cap$7.24 billion
Next Earnings Date7/22/2019 (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 given a dividend of $0.24 per share on Friday, April 12th. This represents a $0.96 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, March 29th. This is an increase 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 declared that its board has authorized a share buyback plan on Tuesday, September 4th 2018, which allows the company to buyback $750,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its stock is undervalued.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) posted its quarterly earnings results on Monday, April, 22nd. The basic materials company reported $0.91 EPS for the quarter, meeting the Zacks' consensus estimate of $0.91. The basic materials company earned $2.82 billion during the quarter, compared to analyst estimates of $2.80 billion. Steel Dynamics had a net margin of 10.65% and a return on equity of 35.44%. Steel Dynamics's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.96 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 Monday, July 22nd 2019. View Earnings Estimates for Steel Dynamics.

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

Steel Dynamics issued an update on its first quarter earnings guidance on Monday, March, 18th. The company provided earnings per share guidance of $0.88-0.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.04.

What price target have analysts set for STLD?

12 brokerages have issued twelve-month price objectives for Steel Dynamics' shares. Their forecasts range from $32.00 to $58.00. On average, they anticipate Steel Dynamics' stock price to reach $46.20 in the next twelve months. This suggests a possible upside of 42.2% from the stock's current price. View Analyst Price Targets for Steel Dynamics.

What is the consensus analysts' recommendation for Steel Dynamics?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 3 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?

News stories about STLD stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Steel Dynamics earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news headlines about the basic materials company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the immediate future.

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), Energy Transfer LP Unit (ET), Advanced Micro Devices (AMD), Intel (INTC), Cisco Systems (CSCO), Alibaba Group (BABA), Nucor (NUE), AT&T (T) and JPMorgan Chase & Co. (JPM).

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 many different of institutional and retail investors. Top institutional shareholders include DNB Asset Management AS (0.38%), Scout Investments Inc. (0.23%), Peregrine Capital Management LLC (0.23%), Retirement Systems of Alabama (0.17%), Gateway Investment Advisers LLC (0.15%) and Smith Graham & Co. Investment Advisors LP (0.07%). 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 institutional investors are selling Steel Dynamics stock?

STLD stock was sold by a variety of institutional investors in the last quarter, including First Hawaiian Bank, Virtu Financial LLC, Meeder Asset Management Inc., Peregrine Capital Management LLC, Strs Ohio, Investec Asset Management LTD, Wright Investors Service Inc. and Oppenheimer & Co. 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.

Which institutional investors are buying Steel Dynamics stock?

STLD stock was purchased by a variety of institutional investors in the last quarter, including Scout Investments Inc., Exane Derivatives, Gateway Investment Advisers LLC, Boston Advisors LLC, First Quadrant L P CA, Bailard Inc., Highland Capital Management LLC and Bowling Portfolio Management LLC. 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 $32.48.

How big of a company is Steel Dynamics?

Steel Dynamics has a market capitalization of $7.24 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.

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:  712 (Vote Outperform)
Underperform Votes:  489 (Vote Underperform)
Total Votes:  1,201
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 4/24/2019 by MarketBeat.com Staff

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