S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
S&P 500   4,567.00
DOW   34,483.72
QQQ   393.82
NASDAQ:STLD

Steel Dynamics Stock Forecast, Price & News

$59.80
-1.60 (-2.61%)
(As of 11/30/2021 12:00 AM ET)
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Today's Range
$59.40
$61.47
50-Day Range
$57.54
$67.49
52-Week Range
$33.77
$74.37
Volume
3.41 million shs
Average Volume
2.18 million shs
Market Capitalization
$11.87 billion
P/E Ratio
5.39
Dividend Yield
1.69%
Beta
1.52
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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.

Headlines

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Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
Current Symbol
NASDAQ:STLD
CUSIP
85811910
Employees
9,625
Year Founded
1993

Sales & Book Value

Annual Sales
$9.60 billion
Cash Flow
$3.98 per share
Book Value
$27.39 per share

Profitability

Net Income
$550.82 million
Pretax Margin
19.24%

Debt

Price-To-Earnings

Miscellaneous

Free Float
188,132,000
Market Cap
$11.87 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/29/2021
Dividend Payable
10/15/2021
Last Earnings
10/17/2021
Today
12/01/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/24/2022

Social Links


MarketRank

Overall MarketRank

2.99 out of 5 stars

Basic Materials Sector

14th out of 220 stocks

Blast Furnaces & Steel Mills Industry

1st out of 19 stocks

Analyst Opinion: 2.4Community Rank: 4.7Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Steel Dynamics (NASDAQ:STLD) Frequently Asked Questions

Is Steel Dynamics a buy right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Steel Dynamics stock.
View analyst ratings for Steel Dynamics
or view top-rated stocks.

How has Steel Dynamics' stock price been impacted by Coronavirus?

Steel Dynamics' stock was trading at $21.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, STLD stock has increased by 182.7% and is now trading at $59.80.
View which stocks have been most impacted by COVID-19
.

When is Steel Dynamics' next earnings date?

Steel Dynamics is scheduled to release its next quarterly earnings announcement on Monday, January 24th 2022.
View our earnings forecast for Steel Dynamics
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) issued its quarterly earnings results on Sunday, October, 17th. The basic materials company reported $4.96 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $4.47 by $0.49. The basic materials company earned $5.09 billion during the quarter, compared to analysts' expectations of $5.10 billion. Steel Dynamics had a trailing twelve-month return on equity of 50.02% and a net margin of 14.72%. The company's quarterly revenue was up 118.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS.
View Steel Dynamics' earnings history
.

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

Steel Dynamics announced a quarterly dividend on Friday, November 19th. Investors of record on Friday, December 31st will be given a dividend of $0.26 per share on Friday, January 14th. This represents a $1.04 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Thursday, December 30th.
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 1.69%. Steel Dynamics 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 of Steel Dynamics is 9.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Steel Dynamics will have a dividend payout ratio of 10.08% 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 share repurchase program on Tuesday, July 6th 2021, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

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

Steel Dynamics issued an update on its third quarter 2021 earnings guidance on Wednesday, October, 13th. The company provided EPS guidance of $4.880-$4.920 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.190. The company issued revenue guidance of -.

What price target have analysts set for STLD?

10 equities research analysts have issued 1-year price targets for Steel Dynamics' stock. Their forecasts range from $55.00 to $107.00. On average, they expect Steel Dynamics' stock price to reach $73.30 in the next year. This suggests a possible upside of 22.6% 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 (LinkedIn Profile)
  • 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.62%), Dimensional Fund Advisors LP (3.24%), Victory Capital Management Inc. (2.02%), Wellington Management Group LLP (1.70%), Geode Capital Management LLC (1.40%) and Bank of New York Mellon Corp (1.23%). 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 BlackRock Inc., Boston Partners, LSV Asset Management, Victory Capital Management Inc., FIL Ltd, Morgan Stanley, KBC Group NV, and Jane Street Group LLC. Company insiders that have sold Steel Dynamics company stock in the last year include Gabriel Shaheen, Glenn Pushis, Keith E Busse, Mark D Millett, Miguel Alvarez, 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 purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Nordea Investment Management AB, Invesco Ltd., Millennium Management LLC, Capital World Investors, Strs Ohio, Citadel Advisors LLC, and Man Group plc. 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 $59.80.

How much money does Steel Dynamics make?

Steel Dynamics has a market capitalization of $11.87 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 $11.09 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, via email at [email protected], or via fax at 260-969-3590.


This page was last updated on 12/1/2021 by MarketBeat.com Staff

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