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NASDAQ:STLDSteel Dynamics Stock Price, Forecast & News

$27.91
-0.23 (-0.82 %)
(As of 08/4/2020 04:00 PM ET)
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Today's Range
$27.76
Now: $27.91
$28.22
50-Day Range
$24.51
MA: $26.66
$28.37
52-Week Range
$14.98
Now: $27.91
$35.78
Volume1.45 million shs
Average Volume1.69 million shs
Market Capitalization$5.87 billion
P/E Ratio11.21
Dividend Yield3.55%
Beta1.43
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. This segment is also involved in the turning, polishing, straightening, chamfering, threading, precision saw-cutting, cold drawing, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, and coating of beams, channels, and specialty steel sections. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube industry sectors. This segment sells its products directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment engages in the purchase, process, and resale of 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 steel building components comprising steel joists, girders, trusses, and steel deck products for non-residential steel fabricators. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.24 out of 5 stars


Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
Current SymbolNASDAQ:STLD
CUSIP85811910
Phone260-969-3500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.49 billion
Cash Flow$4.63 per share
Book Value$18.96 per share

Profitability

Net Income$671.10 million

Miscellaneous

Employees8,385
Market Cap$5.87 billion
Next Earnings Date10/21/2020 (Estimated)
OptionableOptionable
$27.91
-0.23 (-0.82 %)
(As of 08/4/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Steel Dynamics (NASDAQ:STLD) Frequently Asked Questions

How has Steel Dynamics' stock been impacted by COVID-19 (Coronavirus)?

Steel Dynamics' stock was trading at $21.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, STLD stock has increased by 32.0% and is now trading at $27.91.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Steel Dynamics?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Steel Dynamics
.

When is Steel Dynamics' next earnings date?

Steel Dynamics is scheduled to release its next quarterly earnings announcement on Wednesday, October 21st 2020.
View our earnings forecast for Steel Dynamics
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) released its earnings results on Monday, July, 20th. The basic materials company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. The basic materials company earned $2.09 billion during the quarter, compared to the consensus estimate of $2.06 billion. Steel Dynamics had a net margin of 5.60% and a return on equity of 14.53%. Steel Dynamics's quarterly revenue was down 24.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 earnings per share.
View Steel Dynamics' earnings history
.

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

Steel Dynamics declared a quarterly dividend on Friday, May 22nd. Investors of record on Tuesday, June 30th will be paid a dividend of $0.25 per share on Friday, July 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, June 29th.
View Steel Dynamics' dividend history
.

How will Steel Dynamics' stock buyback program work?

Steel Dynamics announced that its board has initiated a share repurchase program on Wednesday, February 26th 2020, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

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

Steel Dynamics issued an update on its second quarter earnings guidance on Thursday, June, 18th. The company provided EPS guidance of $0.40-0.44 for the period, compared to the Thomson Reuters consensus estimate of $0.31.

What price target have analysts set for STLD?

11 brokerages have issued 12 month price objectives for Steel Dynamics' stock. Their forecasts range from $23.00 to $40.00. On average, they expect Steel Dynamics' stock price to reach $30.70 in the next year. This suggests a possible upside of 10.0% from the stock's current price.
View analysts' price targets for Steel Dynamics
.

Has Steel Dynamics been receiving favorable news coverage?

News coverage about STLD stock has trended somewhat negative on Wednesday, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Steel Dynamics earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned media headlines about the basic materials company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the immediate future.
View the latest news about Steel Dynamics
.

Are investors shorting Steel Dynamics?

Steel Dynamics saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,940,000 shares, an increase of 10.0% from the June 30th total of 4,490,000 shares. Based on an average daily trading volume, of 2,010,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.5% 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), AT&T (T), AbbVie (ABBV), Micron Technology (MU), Hill-Rom (HRC), CVS Health (CVS), Nucor (NUE), Exxon Mobil (XOM) and Ford Motor (F).

Who are Steel Dynamics' key executives?

Steel Dynamics' management team includes the following 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)

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 a number of institutional and retail investors. Top institutional shareholders include Hamlin Capital Management LLC (0.96%), Royal London Asset Management Ltd. (0.61%), Robeco Institutional Asset Management B.V. (0.53%), DNB Asset Management AS (0.53%), First Trust Advisors LP (0.53%) and Sumitomo Mitsui Trust Holdings Inc. (0.47%). Company insiders that own Steel Dynamics stock include Bradley S Seaman, Christopher A Graham, Gabriel Shaheen, Glenn Pushis, Keith E Busse, Miguel Alvarez, Richard P Teets Jr and Russell B Rinn.
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 Prudential PLC, Envestnet Asset Management Inc., Gateway Investment Advisers LLC, Robeco Institutional Asset Management B.V., Royal London Asset Management Ltd., Denali Advisors LLC, M&G Investment Management Ltd., and Optimal Asset Management Inc..
View insider buying and selling activity for Steel Dynamics
.

Which major investors are buying Steel Dynamics stock?

STLD stock was bought by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, First Trust Advisors LP, Mackay Shields LLC, Wafra Inc., Ziegler Capital Management LLC, SG Americas Securities LLC, Mn Services Vermogensbeheer B.V., and NewFocus Financial Group LLC. Company insiders that have bought Steel Dynamics stock in the last two years include Bradley S Seaman, Gabriel Shaheen, Glenn Pushis, Miguel Alvarez, Richard P Teets Jr, and Russell B Rinn.
View insider buying and selling activity 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 $27.91.

How big of a company is Steel Dynamics?

Steel Dynamics has a market capitalization of $5.87 billion and generates $10.49 billion in revenue each year. The basic materials company earns $671.10 million in net income (profit) each year or $3.10 on an earnings per share basis. Steel Dynamics employs 8,385 workers across the globe.

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 or via email at [email protected]

This page was last updated on 8/5/2020 by MarketBeat.com Staff

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