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 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.
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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.
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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.
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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) 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.

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.

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.

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.

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 -.

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 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.
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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 $85.22.

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.

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.