Steel Dynamics - STLD Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" STLD shares. 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.
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6 equities research analysts have issued 12 month target prices for Steel Dynamics' stock. Their STLD share price forecasts range from $60.00 to $110.00. On average, they anticipate the company's stock price to reach $91.00 in the next year. This suggests a possible upside of 9.6% from the stock's current price.
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Steel Dynamics' stock was trading at $62.07 at the beginning of 2022. Since then, STLD shares have increased by 33.8% and is now trading at $83.04.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 17th 2022.
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Steel Dynamics, Inc. (NASDAQ:STLD) announced its quarterly earnings results on Wednesday, July, 20th. The basic materials company reported $6.73 EPS for the quarter, beating analysts' consensus estimates of $6.34 by $0.39. The basic materials company earned $6.21 billion during the quarter, compared to analyst estimates of $5.93 billion. Steel Dynamics had a net margin of 19.81% and a trailing twelve-month return on equity of 71.50%. Steel Dynamics's revenue for the quarter was up 39.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.40 earnings per share.

Steel Dynamics announced a quarterly dividend on Friday, May 6th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.34 per share on Friday, July 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Wednesday, June 29th.
Read our dividend analysis for STLD.

Steel Dynamics (NASDAQ:STLD) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.61%. The company 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 is 6.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 14.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STLD.

Steel Dynamics declared that its board has initiated a share buyback program on Monday, February 28th 2022, which allows the company to buyback $1,250,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 8.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its shares are undervalued.

Steel Dynamics issued an update on its second quarter 2022 earnings guidance on Thursday, July, 14th. The company provided EPS guidance of $6.61-$6.65 for the period, compared to the consensus EPS estimate of $5.73. The company issued revenue guidance of -.

40 employees have rated Steel Dynamics Chief Executive Officer Mark Millet on Glassdoor.com. Mark Millet has an approval rating of 99% among the company's employees. This puts Mark Millet in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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

Steel Dynamics' stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (4.66%), FMR LLC (4.48%), Victory Capital Management Inc. (2.00%), AQR Capital Management LLC (1.17%), Thrivent Financial for Lutherans (1.16%) and Northern Trust Corp (1.06%). Insiders that own company stock include Bradley S Seaman, Christopher A Graham, Gabriel Shaheen, Glenn Pushis, Keith E Busse, Mark D Millett, Miguel Alvarez, Russell B Rinn and Theresa E Wagler.
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Shares of STLD stock 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.
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One share of STLD stock can currently be purchased for approximately $83.04.

Steel Dynamics (NASDAQ:STLD) has a market capitalization of $15.16 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 $22.49 on an earnings per share basis.

The company employs 10,640 workers across the globe.

Steel Dynamics was founded in 1993.

Steel Dynamics' mailing address is 7575 W JEFFERSON BLVD, FORT WAYNE IN, 46804. The official website for the company is www.steeldynamics.com. The basic materials company can be reached via phone at (260) 969-3500, via email at info@steeldynamics.com, or via fax at 260-969-3590.