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

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

Steel Dynamics declared a quarterly dividend on Friday, November 22nd. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.24 per share on Friday, January 10th. This represents a $0.96 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Monday, December 30th. View Steel Dynamics' Dividend History.

Steel Dynamics declared that its board has approved a share repurchase plan on Tuesday, September 4th 2018, which authorizes the company to repurchase $750,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Steel Dynamics, Inc. (NASDAQ:STLD) announced its quarterly earnings results on Wednesday, January, 22nd. The basic materials company reported $0.62 EPS for the quarter, beating the 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 period in the previous year, the business posted $1.31 EPS. View Steel Dynamics' Earnings History.

Steel Dynamics is scheduled to release their next quarterly earnings announcement on Monday, April 27th 2020. View Earnings Estimates for Steel Dynamics.

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

11 Wall Street analysts have issued 1-year price objectives for Steel Dynamics' shares. Their forecasts range from $29.00 to $46.00. On average, they anticipate Steel Dynamics' share price to reach $34.64 in the next year. This suggests a possible upside of 14.2% 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.

News headlines about STLD stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Steel Dynamics earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave press coverage about the basic materials company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Steel Dynamics.

Steel Dynamics saw a decline in short interest in January. As of January 15th, there was short interest totalling 4,840,000 shares, a decline of 11.7% from the December 31st total of 5,480,000 shares. Based on an average daily trading volume, of 1,950,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 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 Nucor (NUE), Reliance Steel & Aluminum (RS), Commercial Metals (CMC), Allegheny Technologies (ATI), Worthington Industries (WOR), Carpenter Technology (CRS), Cleveland-Cliffs (CLF), United States Steel (X), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

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), Hill-Rom (HRC), AT&T (T), Exxon Mobil (XOM), Ford Motor (F), Nucor (NUE), AbbVie (ABBV) and Advanced Micro Devices (AMD).

Steel Dynamics' stock is owned by many different of institutional and retail investors. Top institutional shareholders include DNB Asset Management AS (0.56%), Peregrine Capital Management LLC (0.24%), California Public Employees Retirement System (0.24%), New York State Teachers Retirement System (0.19%), British Airways Pensions Investment Management Ltd (0.14%) and Gateway Investment Advisers LLC (0.12%). 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.

STLD stock was sold by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Gateway Investment Advisers LLC, Bowling Portfolio Management LLC, Virginia Retirement Systems ET AL, Dupont Capital Management Corp, Exane Derivatives, Arizona State Retirement System and Fluent Financial LLC. View Insider Buying and Selling for Steel Dynamics.

STLD stock was purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS, British Airways Pensions Investment Management Ltd, W.E. Donoghue & Co. LLC, Meritage Portfolio Management, OLD National Bancorp IN, NEXT Financial Group Inc, Cerebellum GP LLC and Columbus Macro LLC. 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.

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.

One share of STLD stock can currently be purchased for approximately $30.34.

Steel Dynamics has a market capitalization of $6.54 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.

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]