Steel Dynamics Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Steel Dynamics stock.
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Steel Dynamics is scheduled to release its next quarterly earnings announcement on Monday, July 19th 2021.
View our earnings forecast for Steel Dynamics.

Steel Dynamics, Inc. (NASDAQ:STLD) issued its quarterly earnings results on Sunday, April, 18th. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.98 by $0.12. The basic materials company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $3.41 billion. Steel Dynamics had a trailing twelve-month return on equity of 20.46% and a net margin of 7.51%. Steel Dynamics's revenue was up 37.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS.
View Steel Dynamics' earnings history.

Steel Dynamics' stock was trading at $21.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, STLD shares have increased by 174.7% and is now trading at $58.09.
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Steel Dynamics declared a quarterly dividend on Thursday, May 20th. Shareholders of record on Wednesday, June 30th will be paid a dividend of $0.26 per share on Friday, July 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Tuesday, June 29th.
View Steel Dynamics' dividend history.

Steel Dynamics pays an annual dividend of $1.04 per share and currently has a dividend yield of 1.67%. 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 29.80% next year. This indicates that Steel Dynamics will be able to sustain or increase its dividend.
View Steel Dynamics' dividend history.

Steel Dynamics declared that its board has authorized a stock buyback plan on Wednesday, February 26th 2020, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 8.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Steel Dynamics issued an update on its second quarter 2021 earnings guidance on Wednesday, June, 16th. The company provided EPS guidance of $3.340-3.380 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.050. The company issued revenue guidance of -.

8 brokerages have issued 12-month target prices for Steel Dynamics' stock. Their forecasts range from $52.00 to $107.00. On average, they expect Steel Dynamics' stock price to reach $65.67 in the next twelve months. This suggests a possible upside of 13.0% from the stock's current price.
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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.

Some companies that are related to Steel Dynamics include Nucor (NUE), Cleveland-Cliffs (CLF), Reliance Steel & Aluminum (RS), United States Steel (X), Commercial Metals (CMC), Worthington Industries (WOR), Allegheny Technologies (ATI), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).
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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 retail and institutional investors. Top institutional investors include BlackRock Inc. (11.69%), Victory Capital Management Inc. (3.49%), Boston Partners (3.31%), Dimensional Fund Advisors LP (3.15%), LSV Asset Management (1.38%) and Geode Capital Management LLC (1.37%). Company insiders that own Steel Dynamics stock include Bradley S Seaman, Gabriel Shaheen, Glenn Pushis, Keith E Busse, Miguel Alvarez and Russell B Rinn.
View institutional ownership trends for Steel Dynamics.

STLD stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Renaissance Technologies LLC, D. E. Shaw & Co. Inc., AQR Capital Management LLC, Victory Capital Management Inc., Prudential Financial Inc., Robeco Institutional Asset Management B.V., and Bank of New York Mellon Corp. Company insiders that have sold Steel Dynamics company stock in the last year include Glenn Pushis, and Keith E Busse.
View insider buying and selling activity for Steel Dynamics or view top insider-selling stocks.

STLD stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., FIL Ltd, UBS Group AG, Credit Suisse AG, Amundi Asset Management US Inc., Nuveen Asset Management LLC, Morgan Stanley, and Key Group Holdings Cayman LTD.. 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.

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.
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One share of STLD stock can currently be purchased for approximately $58.09.

Steel Dynamics has a market capitalization of $12.27 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.

Steel Dynamics employs 9,625 workers across the globe.

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, and Vulcan Threaded Products Inc..

Steel Dynamics was founded in 1993.

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

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

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]