Steel Dynamics (STLD) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" STLD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STLD, but not buy additional shares or sell existing shares.
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8 brokers have issued 12-month price targets for Steel Dynamics' shares. Their STLD share price forecasts range from $82.00 to $123.00. On average, they expect the company's stock price to reach $107.63 in the next year. This suggests a possible upside of 17.1% from the stock's current price.
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Steel Dynamics' stock was trading at $97.70 at the start of the year. Since then, STLD shares have decreased by 5.9% and is now trading at $91.90.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023.
View our STLD earnings forecast.

Steel Dynamics, Inc. (NASDAQ:STLD) posted its quarterly earnings data on Wednesday, April, 19th. The basic materials company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.81 by $0.20. The basic materials company earned $4.89 billion during the quarter, compared to analyst estimates of $4.95 billion. Steel Dynamics had a net margin of 15.73% and a trailing twelve-month return on equity of 47.68%. The business's revenue was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.02 earnings per share.

Steel Dynamics declared a quarterly dividend on Monday, May 15th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.425 per share on Friday, July 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, June 29th.
Read our dividend analysis for STLD.

ETFs with the largest weight of Steel Dynamics (NASDAQ:STLD) stock in their portfolio include VanEck Steel ETF (SLX), First Trust Materials AlphaDEX Fund (FXZ), SPDR S&P Metals & Mining ETF (XME), Invesco DWA Basic Materials Momentum ETF (PYZ), 2ndVote Life Neutral Plus ETF (LYFE), Direxion Daily Metal Miners Bull 2X Shares (MNM), 2ndVote Society Defended ETF (EGIS) and Invesco S&P 500 Equal Weight Materials ETF (RTM).

Steel Dynamics (NASDAQ:STLD) pays an annual dividend of $1.70 per share and currently has a dividend yield of 1.78%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 9.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 19.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STLD.

Steel Dynamics announced that its Board of Directors has authorized a stock buyback program on Thursday, November 10th 2022, which permits the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 8.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Steel Dynamics updated its first quarter 2023 earnings guidance on Wednesday, March, 15th. The company provided earnings per share guidance of $3.78-$3.82 for the period, compared to the consensus EPS estimate of $3.10. The company issued revenue guidance of -.

40 employees have rated Steel Dynamics Chief Executive Officer Mark Millet on Glassdoor.com. Mark Millet has an approval rating of 99% among the company's employees. This puts Mark Millet in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (10.41%), State Street Corp (4.99%), FMR LLC (4.87%), Dimensional Fund Advisors LP (3.40%), Geode Capital Management LLC (2.41%) and First Trust Advisors LP (1.48%). Insiders that own company stock include Christopher A Graham, Gabriel Shaheen, Glenn Pushis, James C Marcuccilli, Keith E Busse, Mark D Millett, Miguel Alvarez and Theresa E Wagler.
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Shares of STLD stock 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 $91.90.

Steel Dynamics (NASDAQ:STLD) has a market capitalization of $15.53 billion and generates $22.26 billion in revenue each year. The basic materials company earns $3.86 billion in net income (profit) each year or $18.78 on an earnings per share basis.

The company employs 12,060 workers across the globe.

Steel Dynamics' mailing address is 7575 W JEFFERSON BLVD, FORT WAYNE IN, 46804. The official website for the company is www.steeldynamics.com. The basic materials company can be reached via phone at (260) 969-3500, via email at info@steeldynamics.com, or via fax at 260-969-3590.