Steel Dynamics Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last twelve months. There are currently 1 hold rating and 6 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, October 18th 2021.
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Steel Dynamics, Inc. (NASDAQ:STLD) released its earnings results on Sunday, July, 18th. The basic materials company reported $3.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by $0.03. The basic materials company earned $4.47 billion during the quarter, compared to the consensus estimate of $4.23 billion. Steel Dynamics had a net margin of 10.98% and a trailing twelve-month return on equity of 33.47%. The company's quarterly revenue was up 113.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share.
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 197.4% and is now trading at $62.91.
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Steel Dynamics announced a quarterly dividend on Thursday, May 20th. Investors of record on Wednesday, June 30th will be given a dividend of $0.26 per share on Friday, July 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, June 29th.
View Steel Dynamics' dividend history.

Steel Dynamics pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.61%. 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 36.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Steel Dynamics will have a dividend payout ratio of 20.47% next year. This indicates that Steel Dynamics will be able to sustain or increase its dividend.
View Steel Dynamics' dividend history.

Steel Dynamics announced that its Board of Directors has authorized a share repurchase plan on Tuesday, July 6th 2021, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Steel Dynamics issued an update on its second quarter 2021 earnings guidance on Wednesday, July, 14th. The company provided earnings per share guidance of $3.340-$3.380 for the period, compared to the Thomson Reuters consensus estimate of $3.050. The company issued revenue guidance of -.

7 equities research analysts have issued twelve-month price targets for Steel Dynamics' stock. Their forecasts range from $55.00 to $107.00. On average, they expect Steel Dynamics' share price to reach $68.88 in the next year. This suggests a possible upside of 9.5% from the stock's current price.
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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), Cleveland-Cliffs (CLF), Reliance Steel & Aluminum (RS), 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).
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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 variety of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (0.39%), Sumitomo Mitsui Trust Holdings Inc. (0.36%), Aegon Asset Management UK PLC (0.31%), New York State Common Retirement Fund (0.11%), Oregon Public Employees Retirement Fund (0.09%) and Texas Permanent School Fund (0.07%). 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 Alliancebernstein L.P., Aegon Asset Management UK PLC, Symmetry Investments LP, Cornerstone Wealth Group LLC, Sumitomo Mitsui Trust Holdings Inc., First American Trust FSB, State of Michigan Retirement System, and Adams Natural Resources Fund Inc.. Company insiders that have sold Steel Dynamics company stock in the last year include Glenn Pushis, and Keith E Busse.
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STLD stock was acquired by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Oregon Public Employees Retirement Fund, Zurcher Kantonalbank Zurich Cantonalbank , Cutler Group LP, New York State Common Retirement Fund, Capital CS Group LLC, Advisors Asset Management Inc., and Hanseatic Management Services 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 $62.91.

Steel Dynamics has a market capitalization of $12.84 billion and generates $9.60 billion in revenue each year. The basic materials company earns $550.82 million in net income (profit) each year or $2.84 on an earnings per share basis.

Steel Dynamics employs 9,625 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, Vulcan Threaded Products, 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]