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NASDAQ:STLD

Steel Dynamics - STLD Stock Forecast, Price & News

$109.57
-0.47 (-0.43%)
(As of 12/9/2022 02:46 PM ET)
Add
Compare
Today's Range
$109.02
$111.22
50-Day Range
$70.95
$110.04
52-Week Range
$50.54
$110.74
Volume
28,155 shs
Average Volume
1.58 million shs
Market Capitalization
$19.24 billion
P/E Ratio
4.83
Dividend Yield
1.26%
Price Target
$94.14

Steel Dynamics MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
13.7% Downside
$94.14 Price Target
Short Interest
Healthy
3.36% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.27
Upright™ Environmental Score
News Sentiment
0.27mentions of Steel Dynamics in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$2.40 M Sold Last Quarter
Proj. Earnings Growth
-57.65%
From $21.89 to $9.27 Per Share

Overall MarketRank

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

2.07 out of 5 stars

Basic Materials Sector

103rd out of 163 stocks

Blast Furnaces & Steel Mills Industry

9th out of 12 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.

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STLD Stock News Headlines

3 Steel Stocks That Have Gained More Than 30% This Year
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Steel Dynamics (NASDAQ:STLD) Cut to Neutral at UBS Group
Steel Dynamics (NASDAQ:STLD) Shares Gap Down After Insider Selling
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Why Steel Dynamics Stock Is Up Today
Steel Dynamics: China, The Game Changer
Check Out What Whales Are Doing With STLD
Steel Dynamics PT Raised to $100 at BMO Capital
4 Analysts Have This to Say About Steel Dynamics
Steel Dynamics Q3 Earnings Summary
See More Headlines
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STLD Company Calendar

Ex-Dividend for 10/14 Dividend
9/29/2022
Dividend Payable
10/14/2022
Last Earnings
10/19/2022
Today
12/09/2022
Ex-Dividend for 1/13 Dividend
12/30/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/13/2023
Next Earnings (Estimated)
1/23/2023

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
$94.14
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
-14.1%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$3.21 billion
Pretax Margin
24.93%

Debt

Sales & Book Value

Annual Sales
$18.41 billion
Cash Flow
$18.83 per share
Book Value
$30.78 per share

Miscellaneous

Free Float
166,090,000
Market Cap
$19.24 billion
Optionable
Optionable
Beta
1.47

Social Links


Key Executives

  • Mr. Mark D. MillettMr. Mark D. Millett (Age 62)
    Chairman, Co-Founder, CEO & Pres
    Comp: $5.01M
  • Mr. Keith E. BusseMr. Keith E. Busse (Age 78)
    Co-Founder & Director
    Comp: $187.5k
  • Mr. Richard P. Teets Jr. (Age 67)
    Co-Founder & Director
    Comp: $112.5k
  • Ms. Theresa E. WaglerMs. Theresa E. Wagler (Age 52)
    Exec. VP, CFO & Company Sec.
    Comp: $2.62M
  • Mr. Glenn A. PushisMr. Glenn A. Pushis (Age 56)
    Sr. VP of Special Projects
    Comp: $1.91M
  • Mr. Barry T. Schneider (Age 53)
    Sr. VP of Flat Roll Steel Group
    Comp: $1.91M
  • Marlene Owen
    Director of Investor Relations
  • Mr. Jeff Hansen
    VP of HR & Safety
  • Mr. James S. Anderson (Age 61)
    Sr. VP
  • Mr. Christopher A. GrahamMr. Christopher A. Graham (Age 58)
    Sr. VP of Long Products Steel Group













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, 3 hold ratings and 2 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 2023?

6 analysts have issued 1 year target prices for Steel Dynamics' shares. Their STLD share price forecasts range from $60.00 to $110.00. On average, they expect the company's stock price to reach $94.14 in the next twelve months. This suggests that the stock has a possible downside of 15.1%.
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 beginning of the year. Since then, STLD shares have increased by 78.7% and is now trading at $110.91.
View the best growth stocks for 2022 here
.

When is Steel Dynamics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 23rd 2023.
View our STLD earnings forecast
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) announced its quarterly earnings data on Wednesday, October, 19th. The basic materials company reported $5.46 EPS for the quarter, topping the consensus estimate of $4.97 by $0.49. The basic materials company had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.48 billion. Steel Dynamics had a net margin of 18.99% and a trailing twelve-month return on equity of 65.26%.

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

Steel Dynamics declared a quarterly dividend on Thursday, November 10th. Shareholders of record on Saturday, December 31st will be given a dividend of $0.34 per share on Friday, January 13th. This represents a $1.36 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, December 30th.
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 1.26%. 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 6.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 14.67% 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 approved a stock buyback plan on Thursday, November 10th 2022, which authorizes the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 8.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

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

Steel Dynamics issued an update on its third quarter 2022 earnings guidance on Thursday, October, 20th. The company provided EPS guidance of $5.33-$5.37 for the period, compared to the consensus EPS estimate of $3.53. 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.05%), Vanguard Group Inc. (11.15%), State Street Corp (4.53%), Dimensional Fund Advisors LP (3.49%), Victory Capital Management Inc. (1.99%) and Royal London Asset Management Ltd. (1.48%). Insiders that own company stock include Bradley S Seaman, Christopher A Graham, Gabriel Shaheen, Glenn Pushis, James C Marcuccilli, 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 $110.91.

How much money does Steel Dynamics make?

Steel Dynamics (NASDAQ:STLD) has a market capitalization of $19.47 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 $22.67 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..
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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 12/9/2022 by MarketBeat.com Staff