NASDAQ:STLD

Steel Dynamics Stock Forecast, Price & News

$50.82
+0.40 (+0.79 %)
(As of 04/14/2021 12:00 AM ET)
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Today's Range
$50.36
Now: $50.82
$52.13
50-Day Range
$41.58
MA: $47.84
$51.83
52-Week Range
$20.58
Now: $50.82
$52.59
Volume2.08 million shs
Average Volume2.23 million shs
Market Capitalization$10.73 billion
P/E Ratio22.39
Dividend Yield2.03%
Beta1.4
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.
Steel Dynamics logo

Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
Current SymbolNASDAQ:STLD
CUSIP85811910
Phone(260) 969-3500
Employees8,385
Year Founded1993

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.49 billion
Cash Flow$5.82 per share
Book Value$18.20 per share

Profitability

Net Income$671.10 million

Miscellaneous

Market Cap$10.73 billion
Next Earnings Date4/19/2021 (Confirmed)
OptionableOptionable

Headlines

Why Steel Dynamics Stock Rose 22% in March
April 5, 2021 |  finance.yahoo.com
Steel Dynamics (NASDAQ:STLD) Hits New 12-Month High at $52.59
April 5, 2021 |  americanbankingnews.com
Steel Dynamics (NASDAQ:STLD) Sets New 52-Week High at $50.31
March 26, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

2.44 out of 5 stars

Basic Materials Sector

10th out of 849 stocks

Blast Furnaces & Steel Mills Industry

1st out of 24 stocks

Analyst Opinion: 1.4Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$50.82
+0.40 (+0.79 %)
(As of 04/14/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 twelve months. There are currently 1 sell rating, 1 hold rating and 8 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.

What stocks does MarketBeat like better than Steel Dynamics?

Wall Street analysts have given Steel Dynamics a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Steel Dynamics wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Steel Dynamics' next earnings date?

Steel Dynamics is scheduled to release its next quarterly earnings announcement on Monday, April 19th 2021.
View our earnings forecast for Steel Dynamics
.

How can I listen to Steel Dynamics' earnings call?

Steel Dynamics will be holding an earnings conference call on Monday, April 19th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) released its quarterly earnings data on Sunday, January, 24th. The basic materials company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.15. The basic materials company earned $2.60 billion during the quarter, compared to analysts' expectations of $2.52 billion. Steel Dynamics had a net margin of 5.17% and a trailing twelve-month return on equity of 13.33%. Steel Dynamics's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS.
View Steel Dynamics' earnings history
.

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. Since then, STLD shares have increased by 140.3% and is now trading at $50.82.
View which stocks have been most impacted by COVID-19
.

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

Steel Dynamics announced a quarterly dividend on Friday, February 26th. Stockholders of record on Wednesday, March 31st will be given a dividend of $0.26 per share on Friday, April 16th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Tuesday, March 30th. This is a boost from Steel Dynamics's previous quarterly dividend of $0.25.
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 2.03%. 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 33.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Steel Dynamics will have a dividend payout ratio of 32.40% 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 declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 26th 2020, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 8.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

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

Steel Dynamics issued an update on its first quarter earnings guidance on Wednesday, March, 17th. The company provided earnings per share (EPS) guidance of $1.94-1.98 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.00.

What price target have analysts set for STLD?

10 analysts have issued 1 year price targets for Steel Dynamics' shares. Their forecasts range from $23.00 to $57.00. On average, they anticipate Steel Dynamics' share price to reach $39.22 in the next twelve months. This suggests that the stock has a possible downside of 22.8%.
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, President, Chief Executive Officer & Director
  • 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.

Who are some of Steel Dynamics' key competitors?

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 number of institutional and retail investors. Top institutional shareholders include Royal London Asset Management Ltd. (1.22%), Wedge Capital Management L L P NC (0.09%), Louisiana State Employees Retirement System (0.02%), State of Alaska Department of Revenue (0.01%), Pacer Advisors Inc. (0.01%) and Clear Street Markets LLC (0.01%). 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
.

Which institutional investors are selling Steel Dynamics stock?

STLD stock was sold by a variety of institutional investors in the last quarter, including Royal London Asset Management Ltd., Wedge Capital Management L L P NC, Clear Street Markets LLC, State of Alaska Department of Revenue, Graves Light Private Wealth Management Inc., First Hawaiian Bank, and First Citizens Bank & Trust Co..
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 acquired by a variety of institutional investors in the last quarter, including Secure Asset Management LLC, Carolina Wealth Advisors LLC, Louisiana State Employees Retirement System, Valeo Financial Advisors LLC, and Pacer Advisors Inc.. 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 $50.82.

How much money does Steel Dynamics make?

Steel Dynamics has a market capitalization of $10.73 billion and generates $10.49 billion in revenue each year. The basic materials company earns $671.10 million in net income (profit) each year or $3.10 on an earnings per share basis.

How many employees does Steel Dynamics have?

Steel Dynamics employs 8,385 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, 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 or via email at [email protected]


This page was last updated on 4/15/2021 by MarketBeat.com Staff
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