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NASDAQ:STLDSteel Dynamics Stock Price, Forecast & News

$27.37
+1.60 (+6.21 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$26.35
Now: $27.37
$27.59
50-Day Range
$20.98
MA: $23.70
$25.89
52-Week Range
$14.98
Now: $27.37
$35.78
Volume2.32 million shs
Average Volume2.48 million shs
Market Capitalization$5.76 billion
P/E Ratio9.12
Dividend Yield3.88%
Beta1.43
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: 2.3Community Rank: 2.7Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.13 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.49 billion
Cash Flow$5.22 per share
Book Value$18.80 per share

Profitability

Net Income$671.10 million

Miscellaneous

Employees8,385
Market Cap$5.76 billion
Next Earnings Date7/27/2020 (Estimated)
OptionableOptionable

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Steel Dynamics (NASDAQ:STLD) Frequently Asked Questions

How has Steel Dynamics' stock been impacted by COVID-19 (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 stock has increased by 29.4% and is now trading at $27.37. View which stocks have been most impacted by Coronavirus.

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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 1 sell rating, 3 hold ratings and 8 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 Monday, July 27th 2020. View our earnings forecast for Steel Dynamics.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) posted its quarterly earnings results on Monday, April, 20th. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.79 by $0.09. The basic materials company earned $2.58 billion during the quarter, compared to the consensus estimate of $2.57 billion. Steel Dynamics had a return on equity of 17.00% and a net margin of 6.39%. The company's revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 earnings per share. 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, May 22nd. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.25 per share on Friday, July 10th. This represents a $1.00 annualized dividend and a yield of 3.65%. The ex-dividend date is Monday, June 29th. 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 buyback program 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 purchase up to 8.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board 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, 18th. The company provided EPS guidance of $0.83-0.87 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.64.

What price target have analysts set for STLD?

12 brokerages have issued twelve-month price objectives for Steel Dynamics' stock. Their forecasts range from $18.00 to $40.00. On average, they anticipate Steel Dynamics' stock price to reach $29.67 in the next twelve months. This suggests a possible upside of 8.4% from the stock's current price. View analysts' price targets for Steel Dynamics.

Has Steel Dynamics been receiving favorable news coverage?

Headlines about STLD stock have been trending very negative recently, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Steel Dynamics earned a news sentiment score of -3.8 on InfoTrie's scale. They also gave media coverage about the basic materials company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutSteel Dynamics.

Are investors shorting Steel Dynamics?

Steel Dynamics saw a drop in short interest in May. As of May 15th, there was short interest totaling 4,290,000 shares, a drop of 20.0% from the April 30th total of 5,360,000 shares. Based on an average daily volume of 2,700,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 2.1% of the shares of the company are sold short. View Steel Dynamics' Current Options Chain.

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), Energy Transfer LP Unit (ET), AT&T (T), AbbVie (ABBV), Micron Technology (MU), Hill-Rom (HRC), CVS Health (CVS), Nucor (NUE), Exxon Mobil (XOM) and Ford Motor (F).

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.23%), State Street Corp (4.11%), Victory Capital Management Inc. (3.35%), AQR Capital Management LLC (1.92%), Bank of New York Mellon Corp (1.77%) and Geode Capital Management LLC (1.43%). Company insiders that own Steel Dynamics stock include Bradley S Seaman, 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.

Which major investors are selling Steel Dynamics stock?

STLD stock was sold by a variety of institutional investors in the last quarter, including Eaton Vance Management, Schroder Investment Management Group, Nuveen Asset Management LLC, BlackRock Inc., Mackay Shields LLC, Principal Financial Group Inc., AJO LP, and JPMorgan Chase & Co.. View insider buying and selling activity for Steel Dynamics.

Which major investors are buying Steel Dynamics stock?

STLD stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., AQR Capital Management LLC, Morgan Stanley, Morgan Stanley, Robeco Institutional Asset Management B.V., Parametric Portfolio Associates LLC, Royal London Asset Management Ltd., and Bogle Investment Management L P DE. 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 $27.37.

How big of a company is Steel Dynamics?

Steel Dynamics has a market capitalization of $5.76 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 5/27/2020 by MarketBeat.com Staff

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