NASDAQ:STLD - Steel Dynamics Stock Price, Forecast & News

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

Steel Dynamics announced a quarterly dividend on Friday, November 22nd. Investors of record on Tuesday, December 31st will be given a dividend of $0.24 per share on Friday, January 10th. This represents a $0.96 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Monday, December 30th. View Steel Dynamics' Dividend History.

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

Steel Dynamics, Inc. (NASDAQ:STLD) announced its quarterly earnings results on Wednesday, January, 22nd. The basic materials company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.56 by $0.06. The basic materials company earned $2.37 billion during the quarter, compared to analyst estimates of $2.27 billion. Steel Dynamics had a return on equity of 17.59% and a net margin of 6.40%. During the same period in the prior year, the firm earned $1.31 EPS. View Steel Dynamics' Earnings History.

Steel Dynamics is scheduled to release their next quarterly earnings announcement on Monday, April 27th 2020. View Earnings Estimates for Steel Dynamics.

Steel Dynamics updated its fourth quarter earnings guidance on Monday, December, 16th. The company provided earnings per share (EPS) guidance of $0.55-0.59 for the period, compared to the Thomson Reuters consensus estimate of $0.59.

11 analysts have issued 1-year price objectives for Steel Dynamics' shares. Their forecasts range from $29.00 to $46.00. On average, they anticipate Steel Dynamics' stock price to reach $34.64 in the next year. This suggests a possible upside of 12.6% 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 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Steel Dynamics.

News headlines about STLD stock have been trending extremely negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Steel Dynamics earned a news sentiment score of -4.5 on InfoTrie's scale. They also gave headlines about the basic materials company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Steel Dynamics.

Steel Dynamics saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 4,840,000 shares, a drop of 11.7% from the December 15th total of 5,480,000 shares. Based on an average daily trading volume, of 1,970,000 shares, the short-interest ratio is presently 2.5 days. Approximately 2.4% of the shares of the company are sold short. View Steel Dynamics' Current Options Chain.

Some companies that are related to Steel Dynamics include Nucor (NUE), Reliance Steel & Aluminum (RS), Commercial Metals (CMC), Allegheny Technologies (ATI), Worthington Industries (WOR), Carpenter Technology (CRS), Cleveland-Cliffs (CLF), United States Steel (X), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Steel Dynamics investors own include AK Steel (AKS), Energy Transfer LP Unit (ET), Micron Technology (MU), Hill-Rom (HRC), AT&T (T), Exxon Mobil (XOM), Ford Motor (F), AbbVie (ABBV), Nucor (NUE) and Advanced Micro Devices (AMD).

Steel Dynamics' stock is owned by a variety of of institutional and retail investors. Top institutional investors include DNB Asset Management AS (0.56%), Peregrine Capital Management LLC (0.24%), New York State Teachers Retirement System (0.19%), Gateway Investment Advisers LLC (0.12%), Smith Graham & Co. Investment Advisors LP (0.07%) and Exane Derivatives (0.05%). 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 Gateway Investment Advisers LLC, Bowling Portfolio Management LLC, Exane Derivatives, Fluent Financial LLC, Sanders Morris Harris LLC, AE Wealth Management LLC, Signet Financial Management LLC and Peregrine Capital Management LLC. View Insider Buying and Selling for Steel Dynamics.

STLD stock was bought by a variety of institutional investors in the last quarter, including DNB Asset Management AS, OLD National Bancorp IN, NEXT Financial Group Inc, Cerebellum GP LLC, Nisa Investment Advisors LLC, Sciencast Management LP, FormulaFolio Investments LLC and First Citizens Financial Corp. 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 $30.75.

Steel Dynamics has a market capitalization of $6.63 billion and generates $10.48 million in revenue each year. The basic materials company earns $1.26 billion in net income (profit) each year or $0.62 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]