S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
S&P 500   4,023.89
DOW   32,196.66
QQQ   301.94
NASDAQ:STLD

Steel Dynamics (STLD) Stock Forecast, Price & News

$74.13
-0.61 (-0.82%)
(As of 05/13/2022 04:00 PM ET)
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Today's Range
$73.88
$77.93
50-Day Range
$69.97
$93.24
52-Week Range
$50.54
$100.37
Volume
2.36 million shs
Average Volume
2.41 million shs
Market Capitalization
$13.99 billion
P/E Ratio
3.83
Dividend Yield
1.82%
Beta
1.29
30 days | 90 days | 365 days | Advanced Chart
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Steel Dynamics logo

About Steel Dynamics

Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. 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; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; and engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars. The company also engages in turning, polishing, straightening, chamfering, threading, precision saw-cutting, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, galvanizing, and coating of specialty products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. This segment sells directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment purchases, processes, and resells ferrous and nonferrous scrap metals into reusable forms and grades. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast-iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. This segment also provides transportation logistics, marketing, brokerage, and scrap management services. The Steel Fabrication Operations segment produces non-residential steel building components, such as steel joists, girders, trusses, and steel deck products. The company also exports its products. Steel Dynamics, Inc. was incorporated in 1993 and is headquartered in Fort Wayne, Indiana.

Headlines

Steel Dynamics Scales New Heights On Record Results 
Steel Dynamics (NASDAQ: STLD) share prices have been scaling new heights on demand and pricing expectations along with the company’s efforts to expand to meet that demand. The Q1 results not only confirm those expectations but indicate the business is even healthier than the analysts were predicting.
Steel Dynamics declares $0.34 dividend
Steel Dynamics (NASDAQ:STLD) PT Raised to $104.00
See More Headlines

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
Current Symbol
NASDAQ:STLD
CUSIP
85811910
Employees
10,640
Year Founded
1993

Sales & Book Value

Annual Sales
$18.41 billion
Cash Flow
$18.35 per share
Book Value
$35.77 per share

Profitability

Net Income
$3.21 billion
Pretax Margin
24.96%

Debt

Price-To-Earnings

Miscellaneous

Free Float
178,501,000
Market Cap
$13.99 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/15 Dividend
3/30/2022
Dividend Payable
4/15/2022
Last Earnings
4/20/2022
Today
5/15/2022
Next Earnings (Estimated)
7/18/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.96 out of 5 stars

Basic Materials Sector

18th out of 237 stocks

Blast Furnaces & Steel Mills Industry

1st out of 17 stocks

Analyst Opinion: 2.2Community Rank: 4.7Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -













Steel Dynamics (NASDAQ:STLD) Frequently Asked Questions

Is Steel Dynamics a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Steel Dynamics stock. 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 analyst ratings for Steel Dynamics
or view top-rated stocks.

When is Steel Dynamics' next earnings date?

Steel Dynamics is scheduled to release its next quarterly earnings announcement on Monday, July 18th 2022.
View our earnings forecast for Steel Dynamics
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) issued its quarterly earnings results on Wednesday, April, 20th. The basic materials company reported $6.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.58 by $0.44. The basic materials company earned $5.57 billion during the quarter, compared to analysts' expectations of $5.35 billion. Steel Dynamics had a net margin of 19.02% and a trailing twelve-month return on equity of 69.88%. The firm's revenue was up 57.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.10 EPS.
View Steel Dynamics' earnings history
.

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

Steel Dynamics announced a quarterly dividend on Friday, May 6th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.34 per share on Friday, July 15th. This represents a $1.36 annualized dividend and a yield of 1.83%. The ex-dividend date is Wednesday, June 29th.
View Steel Dynamics' dividend history
.

Is Steel Dynamics a good dividend stock?

Steel Dynamics pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.82%. Steel Dynamics 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 of Steel Dynamics is 7.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Steel Dynamics will have a dividend payout ratio of 12.60% next year. This indicates that Steel Dynamics will be able to sustain or increase its dividend.
View Steel Dynamics' dividend history.

How will Steel Dynamics' stock buyback program work?

Steel Dynamics declared that its board has approved a share buyback program on Monday, February 28th 2022, which permits the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

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

Steel Dynamics issued an update on its first quarter 2022 earnings guidance on Thursday, April, 14th. The company provided earnings per share guidance of $5.850-$5.890 for the period, compared to the consensus EPS estimate of $5.190. The company issued revenue guidance of -.

What price target have analysts set for STLD?

7 analysts have issued 12-month target prices for Steel Dynamics' stock. Their forecasts range from $60.00 to $117.00. On average, they expect Steel Dynamics' share price to reach $92.50 in the next year. This suggests a possible upside of 24.8% from the stock's current price.
View analysts' price targets for Steel Dynamics
or view top-rated stocks among Wall Street analysts.

Who are Steel Dynamics' key executives?
Steel Dynamics' management team includes the following people:
  • Mr. Mark D. Millett, Chairman, Co-Founder, CEO & Pres (Age 62, Pay $5.01M)
  • Mr. Keith E. Busse, Co-Founder & Director (Age 78, Pay $187.5k)
  • Mr. Richard P. Teets Jr., Co-Founder & Director (Age 67, Pay $112.5k)
  • Ms. Theresa E. Wagler, Exec. VP, CFO & Company Sec. (Age 52, Pay $2.62M) (LinkedIn Profile)
  • Mr. Glenn A. Pushis, Sr. VP of Special Projects (Age 56, Pay $1.91M) (LinkedIn Profile)
  • Mr. Barry T. Schneider, Sr. VP of Flat Roll Steel Group (Age 53, Pay $1.91M)
  • Mr. Russell B. Rinn, Exec. VP of Metals Recycling (Age 65, Pay $2.2M)
  • Marlene Owen, Director of Investor Relations
  • Mr. Jeff Hansen, VP of HR & Safety
  • Mr. James S. Anderson, Sr. VP (Age 61)
What is Mark Millet's approval rating as Steel Dynamics' CEO?

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.

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.68%), Vanguard Group Inc. (11.05%), Dimensional Fund Advisors LP (3.49%), Victory Capital Management Inc. (2.49%), Royal London Asset Management Ltd. (1.33%) and Bank of New York Mellon Corp (1.10%). Company insiders that own Steel Dynamics stock include Christopher A Graham, Gabriel Shaheen, Glenn Pushis, Keith E Busse, Mark D Millett, Miguel Alvarez and Theresa E Wagler.
View institutional ownership trends for Steel Dynamics
.

Which major investors are selling Steel Dynamics stock?

STLD stock was sold by a variety of institutional investors in the last quarter, including Charles Schwab Investment Management Inc., Hamlin Capital Management LLC, Northern Trust Corp, Prudential Financial Inc., Panagora Asset Management Inc., Mirae Asset Global Investments Co. Ltd., Group One Trading L.P., and Cibc World Market Inc.. Company insiders that have sold Steel Dynamics company stock in the last year include Christopher A Graham, Gabriel Shaheen, Mark D Millett, Miguel Alvarez, and Theresa E Wagler.
View insider buying and selling activity for Steel Dynamics
or view top insider-selling stocks.

Which major investors are buying Steel Dynamics stock?

STLD stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, BlackRock Inc., National Pension Service, Pacer Advisors Inc., Mitsubishi UFJ Trust & Banking Corp, Renaissance Technologies LLC, Caisse DE Depot ET Placement DU Quebec, and Dimensional Fund Advisors LP.
View insider buying and selling activity for Steel Dynamics
or or view top insider-buying stocks.

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 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 $74.13.

How much money does Steel Dynamics make?

Steel Dynamics has a market capitalization of $13.99 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 $19.369990 on an earnings per share basis.

How many employees does Steel Dynamics have?

Steel Dynamics employs 10,640 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..

When was Steel Dynamics founded?

Steel Dynamics was founded in 1993.

What is Steel Dynamics' official website?

The official website for Steel Dynamics is 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, via email at [email protected], or via fax at 260-969-3590.

This page was last updated on 5/15/2022 by MarketBeat.com Staff

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