Steel Dynamics Stock Price, News & Analysis (NASDAQ:STLD)

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

Steel Dynamics announced a quarterly dividend on Monday, August 26th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.24 per share on Friday, October 11th. This represents a $0.96 annualized dividend and a yield of 3.16%. The ex-dividend date is Friday, September 27th. View Steel Dynamics' Dividend History.

Steel Dynamics declared that its board has authorized a share repurchase program on Tuesday, September 4th 2018, which allows the company to repurchase $750,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 6.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Steel Dynamics, Inc. (NASDAQ:STLD) announced its earnings results on Monday, July, 22nd. The basic materials company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by $0.02. The basic materials company had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.78 billion. Steel Dynamics had a return on equity of 28.50% and a net margin of 9.11%. The company's quarterly revenue was down 10.4% compared to the same quarter last year. During the same period last year, the company earned $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 issued an update on its third quarter earnings guidance on Tuesday, September, 17th. The company provided earnings per share (EPS) guidance of $0.66-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.72.

11 equities research analysts have issued twelve-month target prices for Steel Dynamics' shares. Their forecasts range from $29.00 to $55.00. On average, they expect Steel Dynamics' stock price to reach $35.40 in the next twelve months. This suggests a possible upside of 16.6% 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 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Steel Dynamics.

News articles about STLD stock have trended somewhat negative on Sunday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Steel Dynamics earned a media sentiment score of -1.3 on InfoTrie's scale. They also assigned media headlines 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 effect on the stock's share price in the next several days. View News Stories for Steel Dynamics.

Steel Dynamics saw a drop in short interest during the month of August. As of August 31st, there was short interest totalling 4,531,200 shares, a drop of 13.9% from the July 31st total of 5,264,800 shares. Based on an average daily trading volume, of 2,810,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 2.2% of the shares of the stock are short sold. View Steel Dynamics' Current Options Chain.

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

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 LP Unit (ET), Hill-Rom (HRC), NVIDIA (NVDA), Gilead Sciences (GILD), Intel (INTC), Alibaba Group (BABA), Exxon Mobil (XOM) and Advanced Micro Devices (AMD).

Steel Dynamics' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.45%), BlackRock Inc. (10.33%), Vanguard Group Inc. (9.28%), Prudential Financial Inc. (1.64%), Bank of New York Mellon Corp (1.35%) and AQR Capital Management LLC (1.26%). 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 BlackRock Inc., BlackRock Inc., Vanguard Group Inc., Van ECK Associates Corp, Man Group plc, AQR Capital Management LLC, Bank of New York Mellon Corp and Morgan Stanley. View Insider Buying and Selling for Steel Dynamics.

STLD stock was bought 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, 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 $30.35.

Steel Dynamics has a market capitalization of $6.67 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]