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NASDAQ:STLD

Steel Dynamics - STLD Stock Forecast, Price & News

$83.47
+0.46 (+0.55%)
(As of 08/11/2022 03:59 PM ET)
Add
Compare
Today's Range
$83.38
$85.88
50-Day Range
$64.41
$85.82
52-Week Range
$50.54
$100.37
Volume
47,984 shs
Average Volume
1.78 million shs
Market Capitalization
$15.24 billion
P/E Ratio
3.71
Dividend Yield
1.68%
Price Target
$91.00

Steel Dynamics MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
8.3% Upside
$91.00 Price Target
Short Interest
Healthy
2.53% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.50
Upright™ Environmental Score
News Sentiment
0.69mentions of Steel Dynamics in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$420,890 Sold Last Quarter
Proj. Earnings Growth
-54.82%
From $21.07 to $9.52 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

Basic Materials Sector

108th out of 172 stocks

Blast Furnaces & Steel Mills Industry

9th out of 13 stocks

STLD stock logo

About Steel Dynamics (NASDAQ:STLD) Stock

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.

Analysts Set New Price Targets

A number of equities analysts recently commented on STLD shares. UBS Group set a $95.00 target price on shares of Steel Dynamics in a research report on Monday, June 20th. BMO Capital Markets boosted their price objective on shares of Steel Dynamics from $95.00 to $104.00 in a research report on Friday, April 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Steel Dynamics from $129.00 to $110.00 in a research report on Tuesday, June 14th. Morgan Stanley decreased their price objective on shares of Steel Dynamics from $94.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 6th. Finally, The Goldman Sachs Group cut shares of Steel Dynamics from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $114.00 to $92.00 in a research report on Tuesday, May 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.00.

Steel Dynamics Trading Up 2.3 %

Shares of STLD traded up $1.87 during trading hours on Wednesday, reaching $83.01. 1,329,346 shares of the company traded hands, compared to its average volume of 2,247,320. The company's fifty day moving average price is $71.99 and its two-hundred day moving average price is $74.59. The company has a market capitalization of $15.16 billion, a price-to-earnings ratio of 3.61 and a beta of 1.41. The company has a quick ratio of 1.87, a current ratio of 3.52 and a debt-to-equity ratio of 0.41. Steel Dynamics has a 12 month low of $50.54 and a 12 month high of $100.37.

Steel Dynamics (NASDAQ:STLD - Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The basic materials company reported $6.73 EPS for the quarter, topping the consensus estimate of $6.34 by $0.39. Steel Dynamics had a net margin of 19.81% and a return on equity of 71.50%. The business had revenue of $6.21 billion for the quarter, compared to analyst estimates of $5.93 billion. During the same quarter in the previous year, the firm posted $3.40 earnings per share. Steel Dynamics's quarterly revenue was up 39.1% on a year-over-year basis. Equities research analysts predict that Steel Dynamics will post 21.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Keith E. Busse sold 5,040 shares of the business's stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $83.51, for a total transaction of $420,890.40. Following the sale, the director now owns 724,034 shares of the company's stock, valued at $60,464,079.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.40% of the stock is currently owned by insiders.

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STLD Stock News Headlines

Put Steel In Your Portfolio With Steel Dynamics 
If you want to put some steel in your portfolio look no further than Steel Dynamics (NASDAQ: STLD). The company is engaged in the recycling, processing, fabrication, and sales of steel to the construction and industrial complex and just posted a record quarter.
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Steelmaker moves ahead on effort to build plant in Southeast
Plans to build an aluminum mill in Kentucky have taken a new turn
Steel Dynamics, Inc. (NASDAQ:STLD) Short Interest Update
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Why Steel Dynamics Stock Jumped Today
Steel Dynamics Q2 Earnings Summary
This Might Not Be the Time to Buy Steel Dynamics
Steel Dynamics (STLD) to Release Earnings on Wednesday
See More Headlines
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STLD Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Last Earnings
7/20/2022
Today
8/11/2022
Next Earnings (Estimated)
10/17/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$91.00
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+9.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$3.21 billion
Pretax Margin
25.99%

Debt

Sales & Book Value

Annual Sales
$18.41 billion
Cash Flow
$19.01 per share
Book Value
$40.42 per share

Miscellaneous

Free Float
172,750,000
Market Cap
$15.24 billion
Optionable
Optionable
Beta
1.41

Social Links















STLD Stock - Frequently Asked Questions

Should I buy or sell Steel Dynamics stock right now?

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.
View STLD analyst ratings
or view top-rated stocks.

What is Steel Dynamics' stock price forecast for 2022?

6 brokers have issued twelve-month target prices for Steel Dynamics' stock. Their STLD share price forecasts range from $60.00 to $110.00. On average, they predict the company's stock price to reach $91.00 in the next twelve months. This suggests a possible upside of 6.8% from the stock's current price.
View analysts price targets for STLD
or view top-rated stocks among Wall Street analysts.

How have STLD shares performed in 2022?

Steel Dynamics' stock was trading at $62.07 at the start of the year. Since then, STLD shares have increased by 37.3% and is now trading at $85.22.
View the best growth stocks for 2022 here
.

Are investors shorting Steel Dynamics?

Steel Dynamics saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 4,490,000 shares, a drop of 19.5% from the June 30th total of 5,580,000 shares. Based on an average daily trading volume, of 2,190,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.5% of the company's stock are sold short.
View Steel Dynamics' Short Interest
.

When is Steel Dynamics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 17th 2022.
View our STLD earnings forecast
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) posted its quarterly earnings data on Wednesday, July, 20th. The basic materials company reported $6.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.39. The basic materials company earned $6.21 billion during the quarter, compared to analysts' expectations of $5.93 billion. Steel Dynamics had a trailing twelve-month return on equity of 71.50% and a net margin of 19.81%. The business's quarterly revenue was up 39.1% compared to the same quarter last year. During the same period last year, the company earned $3.40 earnings per share.

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. Investors 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 1.60%. The ex-dividend date of this dividend is Wednesday, June 29th.
Read our dividend analysis for STLD
.

Is Steel Dynamics a good dividend stock?

Steel Dynamics (NASDAQ:STLD) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.68%. 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.

How will Steel Dynamics' stock buyback program work?

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

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

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

What is Mark Millet's approval rating as Steel Dynamics' CEO?

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.

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 institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (2.00%), JPMorgan Chase & Co. (0.54%), Swiss National Bank (0.45%), Principal Financial Group Inc. (0.41%), Deutsche Bank AG (0.37%) and Sumitomo Mitsui Trust Holdings Inc. (0.34%). 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.
View institutional ownership trends
.

How do I buy shares of Steel Dynamics?

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.
Compare Top Brokerages Here.

What is Steel Dynamics' stock price today?

One share of STLD stock can currently be purchased for approximately $85.22.

How much money does Steel Dynamics make?

Steel Dynamics (NASDAQ:STLD) has a market capitalization of $15.56 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.

How many employees does Steel Dynamics have?

The company 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..
Read More

When was Steel Dynamics founded?

Steel Dynamics was founded in 1993.

How can I contact Steel Dynamics?

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.

This page (NASDAQ:STLD) was last updated on 8/11/2022 by MarketBeat.com Staff

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