Steel Dynamics - STLD Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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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6 analysts have issued 1 year target prices for Steel Dynamics' shares. Their STLD share price forecasts range from $60.00 to $110.00. On average, they expect the company's stock price to reach $94.14 in the next twelve months. This suggests that the stock has a possible downside of 15.1%.
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Steel Dynamics' stock was trading at $62.07 at the beginning of the year. Since then, STLD shares have increased by 78.7% and is now trading at $110.91.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 23rd 2023.
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Steel Dynamics, Inc. (NASDAQ:STLD) announced its quarterly earnings data on Wednesday, October, 19th. The basic materials company reported $5.46 EPS for the quarter, topping the consensus estimate of $4.97 by $0.49. The basic materials company had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.48 billion. Steel Dynamics had a net margin of 18.99% and a trailing twelve-month return on equity of 65.26%.

Steel Dynamics declared a quarterly dividend on Thursday, November 10th. Shareholders of record on Saturday, December 31st will be given a dividend of $0.34 per share on Friday, January 13th. This represents a $1.36 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, December 30th.
Read our dividend analysis for STLD.

Steel Dynamics (NASDAQ:STLD) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.26%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 6.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 14.67% 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 approved a stock buyback plan on Thursday, November 10th 2022, which authorizes the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 8.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

Steel Dynamics issued an update on its third quarter 2022 earnings guidance on Thursday, October, 20th. The company provided EPS guidance of $5.33-$5.37 for the period, compared to the consensus EPS estimate of $3.53. 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.05%), Vanguard Group Inc. (11.15%), State Street Corp (4.53%), Dimensional Fund Advisors LP (3.49%), Victory Capital Management Inc. (1.99%) and Royal London Asset Management Ltd. (1.48%). Insiders that own company stock include Bradley S Seaman, Christopher A Graham, Gabriel Shaheen, Glenn Pushis, James C Marcuccilli, Keith E Busse, Mark D Millett, Miguel Alvarez, Russell B Rinn 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 $110.91.

Steel Dynamics (NASDAQ:STLD) has a market capitalization of $19.47 billion and generates $18.41 billion in revenue each year. The basic materials company earns $3.21 billion in net income (profit) each year or $22.67 on an earnings per share basis.

The company employs 10,640 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.