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

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

Steel Dynamics declared a quarterly dividend on Friday, November 22nd. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.24 per share on Friday, January 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, December 30th. View Steel Dynamics' Dividend History.

Steel Dynamics announced that its Board of Directors has authorized a stock buyback program on Tuesday, September 4th 2018, which allows the company to buyback $750,000,000.00 in 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 an indication that the company's board believes its shares are undervalued.

Steel Dynamics, Inc. (NASDAQ:STLD) posted its quarterly earnings results on Wednesday, January, 22nd. The basic materials company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.56 by $0.06. The basic materials company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter last year, the company 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 issued an update on 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 equities research analysts have issued twelve-month target prices for Steel Dynamics' stock. Their forecasts range from $29.00 to $46.00. On average, they anticipate Steel Dynamics' share price to reach $34.64 in the next twelve months. This suggests a possible upside of 21.8% 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 coverage about STLD stock has been trending neutral this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Steel Dynamics earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned news coverage about the basic materials company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Steel Dynamics.

Steel Dynamics saw a increase in short interest in January. As of January 31st, there was short interest totalling 5,800,000 shares, an increase of 19.8% from the January 15th total of 4,840,000 shares. Based on an average daily volume of 1,923,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.8% of the shares of the company are short sold. View Steel Dynamics' Current Options Chain.

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

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), Nucor (NUE), Gilead Sciences (GILD) and AbbVie (ABBV).

Steel Dynamics' stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (3.96%), Victory Capital Management Inc. (2.68%), Eaton Vance Management (2.10%), Victory Capital Management Inc. (1.90%), Bank of New York Mellon Corp (1.77%) and AQR Capital Management LLC (1.39%). 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 Bank of America Corp DE, Prudential Financial Inc., Teacher Retirement System of Texas, Oxford Asset Management LLP, Panagora Asset Management Inc., UBS Asset Management Americas Inc., Charles Schwab Investment Management Inc. and California Public Employees Retirement System. View Insider Buying and Selling for Steel Dynamics.

STLD stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Scopus Asset Management L.P., Bank of New York Mellon Corp, FMR LLC, Eaton Vance Management, Thrivent Financial for Lutherans and DNB Asset Management AS. 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 $28.44.