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

$26.30
-0.59 (-2.19 %)
(As of 02/28/2020 02:43 PM ET)
Today's Range
$25.70
Now: $26.30
$26.77
50-Day Range
$26.89
MA: $30.45
$33.61
52-Week Range
$25.02
Now: $26.30
$38.35
Volume143,085 shs
Average Volume1.97 million shs
Market Capitalization$5.67 billion
P/E Ratio8.68
Dividend Yield3.45%
Beta1.64
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. Read More…

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$10.48 million
Cash Flow$1.99 per share
Book Value$18.20 per share

Profitability

Net Income$671.10 million

Miscellaneous

Employees8,200
Market Cap$5.67 billion
Next Earnings Date4/27/2020 (Estimated)
OptionableOptionable

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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 Wednesday, February 26th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.25 per share on Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Monday, March 30th. This is a boost from Steel Dynamics's previous quarterly dividend of $0.24. View Steel Dynamics' Dividend History.

How will Steel Dynamics' stock buyback program work?

Steel Dynamics declared that its board has authorized a share repurchase plan on Wednesday, February 26th 2020, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 8.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) announced its quarterly earnings data on Wednesday, January, 22nd. The basic materials company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.56 by $0.06. The basic materials company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.27 billion. Steel Dynamics had a net margin of 6.40% and a return on equity of 17.55%. During the same quarter in the prior year, the business posted $1.31 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, April 27th 2020. View Earnings Estimates for Steel Dynamics.

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

Steel Dynamics issued an update on its fourth quarter earnings guidance on Monday, December, 16th. The company provided EPS guidance of $0.55-0.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.59.

What price target have analysts set for STLD?

11 analysts have issued twelve-month price targets for Steel Dynamics' shares. Their forecasts range from $29.00 to $46.00. On average, they expect Steel Dynamics' share price to reach $34.64 in the next year. This suggests a possible upside of 30.8% from the stock's current price. View Analyst Price Targets for Steel Dynamics.

What is the consensus analysts' recommendation for Steel Dynamics?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 5 hold ratings and 6 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 articles about STLD stock have been trending very negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. 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 coverage optimism score of -3.0 on InfoTrie's scale. They also gave news coverage about the basic materials company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Steel Dynamics.

Are investors shorting Steel Dynamics?

Steel Dynamics saw a decline in short interest in the month of February. As of February 14th, there was short interest totalling 4,920,000 shares, a decline of 15.2% from the January 30th total of 5,800,000 shares. Based on an average daily volume of 1,960,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.4% of the shares of the company are sold short. View Steel Dynamics' Current Options Chain.

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 AK Steel (AKS), Energy Transfer LP Unit (ET), Micron Technology (MU), AT&T (T), Hill-Rom (HRC), Exxon Mobil (XOM), Ford Motor (F), AbbVie (ABBV), Nucor (NUE) and Gilead Sciences (GILD).

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 a number of of institutional and retail investors. Top institutional investors include State Street Corp (3.96%), Victory Capital Management Inc. (2.68%), Eaton Vance Management (2.10%), Victory Capital Management Inc. (1.90%), Bank of New York Mellon Corp (1.77%) and Geode Capital Management LLC (1.41%). Company insiders that own Steel Dynamics stock include Christopher A Graham, Gabriel Shaheen, Glenn Pushis, Jurgen Dr Kolb, Keith E Busse, Miguel Alvarez, Richard P Teets Jr, Russell B Rinn 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 Bank of America Corp DE, Prudential Financial Inc., Man Group plc, Teacher Retirement System of Texas, Oxford Asset Management LLP, Panagora Asset Management Inc., UBS Asset Management Americas Inc. and Charles Schwab Investment Management Inc.. View Insider Buying and Selling for Steel Dynamics.

Which institutional investors are buying Steel Dynamics stock?

STLD stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Scopus Asset Management L.P., Bank of New York Mellon Corp, FMR LLC, Eaton Vance Management, Thrivent Financial for Lutherans and DNB Asset Management AS. Company insiders that have bought Steel Dynamics stock in the last two years include Gabriel Shaheen, Glenn Pushis, Miguel Alvarez, Richard P Teets Jr and Russell B Rinn. 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, Robinhood, Fidelity and Charles Schwab.

What is Steel Dynamics' stock price today?

One share of STLD stock can currently be purchased for approximately $26.49.

How big of a company is Steel Dynamics?

Steel Dynamics has a market capitalization of $5.71 billion and generates $10.48 million in revenue each year. The basic materials company earns $671.10 million in net income (profit) each year or $0.62 on an earnings per share basis. Steel Dynamics employs 8,200 workers across the globe.View Additional Information About Steel Dynamics.

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:  2.8 out of 5 (star star)
Outperform Votes:  770 (Vote Outperform)
Underperform Votes:  624 (Vote Underperform)
Total Votes:  1,394
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 2/28/2020 by MarketBeat.com Staff

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