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

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

Steel Dynamics declared a quarterly dividend on Friday, May 17th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.24 per share on Friday, July 12th. This represents a $0.96 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Thursday, June 27th. View Steel Dynamics' Dividend History.

Steel Dynamics announced that its board has authorized a share buyback program on Tuesday, September 4th 2018, which authorizes the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Steel Dynamics, Inc. (NASDAQ:STLD) posted its earnings results on Monday, July, 22nd. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.89 by $0.02. The basic materials company earned $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. Steel Dynamics had a return on equity of 28.50% and a net margin of 9.11%. The company's revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 EPS. View Steel Dynamics' Earnings History.

Steel Dynamics is scheduled to release their next quarterly earnings announcement on Wednesday, October 16th 2019. View Earnings Estimates for Steel Dynamics.

Steel Dynamics updated its second quarter earnings guidance on Monday, June, 17th. The company provided EPS guidance of $0.86-0.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.94.

11 brokers have issued 1-year target prices for Steel Dynamics' shares. Their predictions range from $29.00 to $55.00. On average, they expect Steel Dynamics' stock price to reach $38.6364 in the next twelve months. This suggests a possible upside of 41.5% from the stock's current price. View Analyst Price Targets 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.

Press coverage about STLD stock has trended negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Steel Dynamics earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave media headlines 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 impact on the company's share price in the near term. View News Stories for Steel Dynamics.

Steel Dynamics saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 5,264,800 shares, an increase of 20.5% from the June 30th total of 4,369,600 shares. Based on an average daily trading volume, of 2,840,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 2.4% of the shares of the company are sold short. View Steel Dynamics' Current Options Chain.

Some companies that are related to Steel Dynamics include SUMITOMO CORP/S (SSUMY), POSCO (PKX), Nucor (NUE), ArcelorMittal (MT), Tenaris (TS), EVRAZ (EVRZF), Ternium (TX), Carpenter Technology (CRS), United States Steel (X), APERAM/SH N Y REGISTRY SH (APEMY), Commercial Metals (CMC), USINAS SIDERURG/S (USNZY), AK Steel (AKS), SunCoke Energy (SXC) and Timkensteel (TMST).

Based on aggregate information from My MarketBeat watchlists, some companies that other Steel Dynamics investors own include AK Steel (AKS), Micron Technology (MU), NVIDIA (NVDA), Hill-Rom (HRC), Energy Transfer LP Unit (ET), Gilead Sciences (GILD), Alibaba Group (BABA), Intel (INTC), Exxon Mobil (XOM) and Advanced Micro Devices (AMD).

Steel Dynamics' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.33%), Vanguard Group Inc. (9.28%), Prudential Financial Inc. (1.64%), Bank of New York Mellon Corp (1.35%), AQR Capital Management LLC (1.26%) and Panagora Asset Management Inc. (1.24%). Company insiders that own Steel Dynamics stock include Christopher A Graham, Gabriel Shaheen, Glenn Pushis, Jurgen Dr Kolb, Keith E Busse, Richard P Teets Jr, Russell B Rinn and Theresa E Wagler. View Institutional Ownership Trends for Steel Dynamics.

STLD stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Van ECK Associates Corp, Man Group plc, AQR Capital Management LLC, Bank of New York Mellon Corp, Morgan Stanley and Northern Trust Corp. Company insiders that have sold Steel Dynamics company stock in the last year include Christopher A Graham and Keith E Busse. View Insider Buying and Selling for Steel Dynamics.

STLD stock was purchased by a variety of institutional investors in the last quarter, including Eaton Vance Management, Renaissance Technologies LLC, Point72 Asset Management L.P., Nuveen Asset Management LLC, LSV Asset Management, Zacks Investment Management, WINTON GROUP Ltd and Panagora Asset Management Inc.. Company insiders that have bought Steel Dynamics stock in the last two years include Gabriel Shaheen, Glenn Pushis, Richard P Teets Jr and Russell B Rinn. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of STLD stock can currently be purchased for approximately $27.30.

Steel Dynamics has a market capitalization of $6.00 billion and generates $11.82 billion in revenue each year. The basic materials company earns $1.26 billion in net income (profit) each year or $5.49 on an earnings per share basis. Steel Dynamics employs 8,200 workers across the globe.View Additional Information About Steel Dynamics.

The official website for Steel Dynamics is http://www.steeldynamics.com/.

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]