S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
NASDAQ:STLD

Steel Dynamics Stock Forecast, Price & News

$59.84
+0.67 (+1.13 %)
(As of 09/24/2021 12:00 AM ET)
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Today's Range
$58.87
$60.71
50-Day Range
$57.75
$73.12
52-Week Range
$28.31
$74.37
Volume1.78 million shs
Average Volume2.27 million shs
Market Capitalization$12.21 billion
P/E Ratio8.92
Dividend Yield1.76%
Beta1.44
30 days | 90 days | 365 days | Advanced Chart
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Steel Dynamics logo

About Steel Dynamics

Steel Dynamics, Inc. engages in the manufacture of steel products and metal recycling. It operates through the following segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment consists of sheet products including hot roll, cold roll, and coated steel; long products including structural steel beams, pilings, and standard and premium grade rail; and steel finishing services such as turning, polishing, straightening, chamfering, threading, and precision saw-cutting. The Metals Recycling Operations segment provides ferrous and non-ferrous scrap recycling, scrap management, transportation, and brokerage products and services. The Steel Fabrication Operations segment offers steel joists, girders, and steel deck, including specialty deck. The company was founded by Keith E. Busse, Mark D. Millett, Richard P. Teets, and John C. Bates in 1993 and is headquartered in Fort Wayne, IN.

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MarketRank

Overall MarketRank

2.84 out of 5 stars

Basic Materials Sector

19th out of 225 stocks

Blast Furnaces & Steel Mills Industry

3rd out of 18 stocks

Analyst Opinion: 2.4Community Rank: 4.7Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
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Steel Dynamics (NASDAQ:STLD) Frequently Asked Questions

Is Steel Dynamics a buy right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Steel Dynamics stock.
View analyst ratings for Steel Dynamics
or view top-rated stocks.

What stocks does MarketBeat like better than Steel Dynamics?

Wall Street analysts have given Steel Dynamics a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Steel Dynamics wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Steel Dynamics?

Steel Dynamics saw a increase in short interest in August. As of August 13th, there was short interest totaling 4,990,000 shares, an increase of 18.8% from the July 29th total of 4,200,000 shares. Based on an average daily volume of 2,130,000 shares, the short-interest ratio is presently 2.3 days. Approximately 2.6% of the shares of the stock are short sold.
View Steel Dynamics' Short Interest
.

When is Steel Dynamics' next earnings date?

Steel Dynamics is scheduled to release its next quarterly earnings announcement on Monday, October 18th 2021.
View our earnings forecast for Steel Dynamics
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) issued its earnings results on Sunday, July, 18th. The basic materials company reported $3.40 EPS for the quarter, missing the consensus estimate of $3.43 by $0.03. The basic materials company earned $4.47 billion during the quarter, compared to analyst estimates of $4.23 billion. Steel Dynamics had a trailing twelve-month return on equity of 33.47% and a net margin of 10.98%. The company's revenue was up 113.2% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share.
View Steel Dynamics' earnings history
.

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

Steel Dynamics' stock was trading at $21.15 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, STLD stock has increased by 182.9% and is now trading at $59.84.
View which stocks have been most impacted by COVID-19
.

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

Steel Dynamics announced a quarterly dividend on Friday, August 20th. Shareholders of record on Thursday, September 30th will be paid a dividend of $0.26 per share on Friday, October 15th. This represents a $1.04 annualized dividend and a yield of 1.74%. The ex-dividend date is Wednesday, September 29th.
View Steel Dynamics' dividend history
.

Is Steel Dynamics a good dividend stock?

Steel Dynamics pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.76%. Steel Dynamics has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Steel Dynamics is 36.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Steel Dynamics will have a dividend payout ratio of 14.11% next year. This indicates that Steel Dynamics will be able to sustain or increase its dividend.
View Steel Dynamics' dividend history.

How will Steel Dynamics' stock buyback program work?

Steel Dynamics announced that its Board of Directors has initiated a stock repurchase program on Tuesday, July 6th 2021, which permits the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase 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 third quarter 2021 earnings guidance on Wednesday, September, 22nd. The company provided earnings per share guidance of $4.880-$4.920 for the period, compared to the Thomson Reuters consensus estimate of $4.190. The company issued revenue guidance of -.

What price target have analysts set for STLD?

9 brokerages have issued twelve-month price targets for Steel Dynamics' shares. Their forecasts range from $55.00 to $107.00. On average, they anticipate Steel Dynamics' stock price to reach $72.44 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price.
View analysts' price targets for Steel Dynamics
or view top-rated stocks among Wall Street analysts.

Who are Steel Dynamics' key executives?

Steel Dynamics' management team includes the following people:
  • Mark D. Millett, Chairman, President & Chief Executive Officer
  • Theresa E. Wagler, Chief Financial Officer & Executive Vice President
  • Robert E. Francis, Chief Information Officer & Vice President
  • Richard A. Poinsatte, Treasurer, Vice President & Risk Manager
  • Brent A. Ritenour, Vice President & Controller

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

40 employees have rated Steel Dynamics CEO Mark Millet on Glassdoor.com. Mark Millet has an approval rating of 99% among Steel Dynamics' 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (13.20%), Vanguard Group Inc. (10.58%), State Street Corp (4.54%), FMR LLC (3.49%), Dimensional Fund Advisors LP (3.11%) and Victory Capital Management Inc. (2.37%). Company insiders that own Steel Dynamics stock include Bradley S Seaman, Gabriel Shaheen, Glenn Pushis, Keith E Busse, Mark D Millett, Miguel Alvarez, Russell B Rinn and Theresa E Wagler.
View institutional ownership trends for Steel Dynamics
.

Which institutional investors are selling Steel Dynamics stock?

STLD stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Victory Capital Management Inc., AQR Capital Management LLC, Bank of America Corp DE, Bank of America Corp DE, PEAK6 Investments LLC, Dimensional Fund Advisors LP, and LSV Asset Management. Company insiders that have sold Steel Dynamics company stock in the last year include Gabriel Shaheen, Glenn Pushis, Keith E Busse, Mark D Millett, and Theresa E Wagler.
View insider buying and selling activity for Steel Dynamics
or view top insider-selling stocks.

Which institutional investors are buying Steel Dynamics stock?

STLD stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Vanguard Group Inc., Price T Rowe Associates Inc. MD, Morgan Stanley, Morgan Stanley, Amundi, and Stifel Financial Corp. Company insiders that have bought Steel Dynamics stock in the last two years include Bradley S Seaman, Gabriel Shaheen, Glenn Pushis, Miguel Alvarez, and Russell B Rinn.
View insider buying and selling activity for Steel Dynamics
or or view top insider-buying stocks.

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 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 $59.84.

How much money does Steel Dynamics make?

Steel Dynamics has a market capitalization of $12.21 billion and generates $9.60 billion in revenue each year. The basic materials company earns $550.82 million in net income (profit) each year or $2.84 on an earnings per share basis.

How many employees does Steel Dynamics have?

Steel Dynamics employs 9,625 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..

When was Steel Dynamics founded?

Steel Dynamics was founded in 1993.

What is Steel Dynamics' official website?

The official website for Steel Dynamics is www.steeldynamics.com.

Where are Steel Dynamics' headquarters?

Steel Dynamics is headquartered at 7575 W JEFFERSON BLVD, FORT WAYNE IN, 46804.

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 9/25/2021 by MarketBeat.com Staff

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