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NASDAQ:STLD

Steel Dynamics - STLD Stock Forecast, Price & News

$108.34
+1.07 (+1.00%)
(As of 03/23/2023 02:03 PM ET)
Add
Compare
Today's Range
$107.63
$111.05
50-Day Range
$101.75
$136.06
52-Week Range
$62.44
$136.46
Volume
693,886 shs
Average Volume
1.92 million shs
Market Capitalization
$18.59 billion
P/E Ratio
5.21
Dividend Yield
1.26%
Price Target
$107.43

Steel Dynamics MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
2.5% Downside
$107.43 Price Target
Short Interest
Healthy
2.75% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.19
Upright™ Environmental Score
News Sentiment
1.19mentions of Steel Dynamics in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-36.46%
From $14.84 to $9.43 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Basic Materials Sector

85th out of 159 stocks

Blast Furnaces & Steel Mills Industry

8th out of 12 stocks


STLD stock logo

About Steel Dynamics (NASDAQ:STLD) Stock

Steel Dynamics, Inc. engages in the manufacture of steel products and metal recycling. It operates through the following segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment consists of sheet products including hot roll, cold roll, and coated steel, long products including structural steel beams, pilings, and standard and premium grade rail, and steel finishing services such as turning, polishing, straightening, chamfering, threading, and precision saw-cutting. The Metals Recycling Operations segment provides ferrous and non-ferrous scrap recycling, scrap management, transportation, and brokerage products and services. The Steel Fabrication Operations segment offers steel joists, girders, and steel deck, including specialty deck. The company was founded by Keith E. Busse, Mark D. Millett, Richard P. Teets, and John C. Bates in 1993 and is headquartered in Fort Wayne, IN.

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STLD Stock News Headlines

The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Steel Dynamics (NASDAQ:STLD) Releases Q1 Earnings Guidance
Steel Dynamics (NASDAQ:STLD) Stock Price Down 10.1%
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Steel Dynamics Unusual Options Activity
Morgan Stanley Sticks to Its Hold Rating for Steel Dynamics (STLD)
Steel Dynamics Guides Q1 Profit Well Above Estimates
Steel Dynamics: Hedgeye Short Report, I Don't Agree
See More Headlines
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STLD Company Calendar

Ex-Dividend for 1/13 Dividend
12/30/2022
Dividend Payable
1/13/2023
Last Earnings
1/25/2023
Today
3/23/2023
Ex-Dividend for 4/14 Dividend
3/30/2023
Dividend Payable
4/14/2023
Next Earnings (Estimated)
4/19/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
Current Symbol
NASDAQ:STLD
CUSIP
85811910
Employees
12,060
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$107.43
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$93.00
Forecasted Upside/Downside
+0.1%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$3.86 billion
Pretax Margin
22.56%

Debt

Sales & Book Value

Annual Sales
$22.26 billion
Cash Flow
$26.95 per share
Book Value
$45.08 per share

Miscellaneous

Free Float
162,313,000
Market Cap
$18.41 billion
Optionable
Optionable
Beta
1.51

Social Links


Key Executives

  • Mark D. MillettMark D. Millett
    Chairman & Chief Executive Officer
  • Barry T. Schneider
    President & Chief Operating Officer
  • Theresa E. WaglerTheresa E. Wagler
    Chief Financial Officer, Secretary & Executive VP
  • Robert E. Francis
    Chief Information Officer & Vice President
  • Richard A. Poinsatte
    Treasurer, Vice President & Risk Manager













STLD Stock - Frequently Asked Questions

Should I buy or sell Steel Dynamics stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last twelve months. There are currently 5 hold ratings and 3 buy ratings 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.
View STLD analyst ratings
or view top-rated stocks.

What is Steel Dynamics' stock price forecast for 2023?

8 equities research analysts have issued 12 month target prices for Steel Dynamics' shares. Their STLD share price forecasts range from $93.00 to $120.00. On average, they expect the company's stock price to reach $107.43 in the next year. This suggests a possible upside of 0.1% from the stock's current price.
View analysts price targets for STLD
or view top-rated stocks among Wall Street analysts.

How have STLD shares performed in 2023?

Steel Dynamics' stock was trading at $97.70 on January 1st, 2023. Since then, STLD shares have increased by 9.8% and is now trading at $107.27.
View the best growth stocks for 2023 here
.

When is Steel Dynamics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our STLD earnings forecast
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) announced its earnings results on Wednesday, January, 25th. The basic materials company reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.77. The basic materials company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.77 billion. Steel Dynamics had a trailing twelve-month return on equity of 56.22% and a net margin of 17.35%. The company's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.78 earnings per share.

How often does Steel Dynamics pay dividends? What is the dividend yield for Steel Dynamics?

Steel Dynamics declared a quarterly dividend on Monday, February 27th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.425 per share on Friday, April 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Thursday, March 30th. This is a positive change from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for STLD
.

Is Steel Dynamics a good dividend stock?

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 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 6.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 14.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STLD.

How will Steel Dynamics' stock buyback program work?

Steel Dynamics announced that its board has initiated a share buyback program on Thursday, November 10th 2022, which authorizes the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 8.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

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

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

What is Mark Millet's approval rating as Steel Dynamics' CEO?

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.

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 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).

What is Steel Dynamics' stock symbol?

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

Who are Steel Dynamics' major shareholders?

Steel Dynamics' stock is owned by a number of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (3.26%), Geode Capital Management LLC (2.38%), Royal London Asset Management Ltd. (1.84%), Morgan Stanley (1.73%), Price T Rowe Associates Inc. MD (1.31%) and Victory Capital Management Inc. (1.34%). 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.
View institutional ownership trends
.

How do I buy shares of Steel Dynamics?

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.
Compare Top Brokerages Here.

What is Steel Dynamics' stock price today?

One share of STLD stock can currently be purchased for approximately $107.27.

How much money does Steel Dynamics make?

Steel Dynamics (NASDAQ:STLD) has a market capitalization of $18.41 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 $20.79 on an earnings per share basis.

How many employees does Steel Dynamics have?

The company employs 12,060 workers across the globe.

Does Steel Dynamics have any subsidiaries?
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, Vulcan Threaded Products, and Vulcan Threaded Products Inc..
Read More
How can I contact Steel Dynamics?

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.

This page (NASDAQ:STLD) was last updated on 3/23/2023 by MarketBeat.com Staff