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NASDAQ:STLD

Steel Dynamics Stock Forecast, Price & News

$28.65
-0.22 (-0.76 %)
(As of 09/25/2020 11:27 AM ET)
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Compare
Today's Range
$28.40
Now: $28.65
$28.80
50-Day Range
$27.99
MA: $30.04
$32.03
52-Week Range
$14.98
Now: $28.65
$35.78
Volume33,808 shs
Average Volume2.17 million shs
Market Capitalization$6.03 billion
P/E Ratio11.51
Dividend Yield3.45%
Beta1.46
Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections. This segment is also involved in the turning, polishing, straightening, chamfering, threading, precision saw-cutting, cold drawing, and heat treating of bar products; and cutting to length, straightening, hole punching, shot blasting, welding, and coating of beams, channels, and specialty steel sections. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube industry sectors. This segment sells its products directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations segment engages in the purchase, process, and resale of ferrous and nonferrous scrap metals into reusable forms and grades. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. This segment also provides transportation logistics, marketing, brokerage, and scrap management services. The Steel Fabrication Operations segment produces steel building components comprising steel joists, girders, trusses, and steel deck products for non-residential steel fabricators. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.
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Steel Dynamics logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.04 out of 5 stars


Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
Current SymbolNASDAQ:STLD
CUSIP85811910
Phone260-969-3500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.49 billion
Cash Flow$4.55 per share
Book Value$18.20 per share

Profitability

Net Income$671.10 million

Miscellaneous

Employees8,385
Market Cap$6.03 billion
Next Earnings Date10/21/2020 (Estimated)
OptionableOptionable
$28.65
-0.22 (-0.76 %)
(As of 09/25/2020 11:27 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Steel Dynamics (NASDAQ:STLD) Frequently Asked Questions

How has Steel Dynamics' stock price been impacted by COVID-19?

Steel Dynamics' stock was trading at $21.15 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, STLD stock has increased by 35.5% and is now trading at $28.65.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Steel Dynamics?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Steel Dynamics
.

When is Steel Dynamics' next earnings date?

Steel Dynamics is scheduled to release its next quarterly earnings announcement on Wednesday, October 21st 2020.
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 Monday, July, 20th. The basic materials company reported $0.47 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.41 by $0.06. The basic materials company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.06 billion. Steel Dynamics had a net margin of 5.60% and a return on equity of 14.53%. The company's revenue was down 24.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS.
View Steel Dynamics' earnings history
.

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

Steel Dynamics declared a quarterly dividend on Friday, August 21st. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.25 per share on Friday, October 16th. This represents a $1.00 annualized dividend and a yield of 3.49%. The ex-dividend date is Tuesday, September 29th.
View Steel Dynamics' dividend history
.

How will Steel Dynamics' stock buyback program work?

Steel Dynamics declared that its Board of Directors has approved a share buyback plan on Wednesday, February 26th 2020, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 8.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

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

Steel Dynamics updated its third quarter earnings guidance on Thursday, September, 17th. The company provided EPS guidance of $0.46-0.50 for the period, compared to the Thomson Reuters consensus estimate of $0.38.

What price target have analysts set for STLD?

10 brokers have issued 1-year target prices for Steel Dynamics' shares. Their forecasts range from $23.00 to $40.00. On average, they expect Steel Dynamics' share price to reach $31.00 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price.
View analysts' price targets for Steel Dynamics
.

Are investors shorting Steel Dynamics?

Steel Dynamics saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,120,000 shares, a decrease of 17.4% from the August 15th total of 4,990,000 shares. Based on an average daily trading volume, of 1,660,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.1% of the shares of the company are short sold.
View Steel Dynamics' Short Interest
.

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 LP Unit (ET), AT&T (T), AbbVie (ABBV), Advanced Micro Devices (AMD), NVIDIA (NVDA), Cisco Systems (CSCO), Hill-Rom (HRC) and CVS Health (CVS).

Who are Steel Dynamics' key executives?

Steel Dynamics' management team includes the following people:
  • Mr. Mark D. Millett, Co-Founder, CEO, Pres & Exec. Director (Age 59)
  • Mr. Richard P. Teets Jr., Co-Founder & Director (Age 64)
  • Ms. Theresa E. Wagler, Exec. VP & CFO (Age 49)
  • Mr. Glenn A. Pushis, Sr. VP of Special Projects (Age 53)
  • Mr. Barry T. Schneider, Sr. VP of Flat Roll Steel Group (Age 50)

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.33%), Victory Capital Management Inc. (3.94%), Bank of New York Mellon Corp (1.66%), AQR Capital Management LLC (1.61%), LSV Asset Management (1.49%) and Charles Schwab Investment Management Inc. (1.40%). Company insiders that own Steel Dynamics stock include Bradley S Seaman, Gabriel Shaheen, Glenn Pushis, Keith E Busse, Miguel Alvarez, Richard P Teets Jr 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 Goldman Sachs Group Inc., AQR Capital Management LLC, Bank of America Corp DE, Bank of Nova Scotia, Vanguard Group Inc., Bank of New York Mellon Corp, Prudential PLC, and Healthcare of Ontario Pension Plan Trust Fund.
View insider buying and selling activity for Steel Dynamics
.

Which institutional investors are buying Steel Dynamics stock?

STLD stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Hamlin Capital Management LLC, First Trust Advisors LP, Charles Schwab Investment Management Inc., Prudential Financial Inc., Nordea Investment Management AB, Mackay Shields LLC, and Wafra Inc.. Company insiders that have bought Steel Dynamics stock in the last two years include Bradley S Seaman, Gabriel Shaheen, Glenn Pushis, Miguel Alvarez, Richard P Teets Jr, and Russell B Rinn.
View insider buying and selling activity for Steel Dynamics
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Steel Dynamics' stock price today?

One share of STLD stock can currently be purchased for approximately $28.65.

How big of a company is Steel Dynamics?

Steel Dynamics has a market capitalization of $6.03 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. Steel Dynamics employs 8,385 workers across the globe.

What is Steel Dynamics' official website?

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

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 9/25/2020 by MarketBeat.com Staff

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