Steel Dynamics Stock Price, News & Analysis (NASDAQ:STLD)

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

Steel Dynamics announced a quarterly dividend on Monday, August 26th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.24 per share on Friday, October 11th. This represents a $0.96 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, September 27th. View Steel Dynamics' Dividend History.

Steel Dynamics declared that its Board of Directors has approved a share repurchase program on Tuesday, September 4th 2018, which authorizes the company to repurchase $750,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Steel Dynamics, Inc. (NASDAQ:STLD) released its quarterly earnings results on Wednesday, October, 16th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.70 by $0.01. The basic materials company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.62 billion. Steel Dynamics had a net margin of 7.44% and a return on equity of 22.08%. During the same quarter in the previous year, the business earned $1.69 EPS. View Steel Dynamics' Earnings History.

Steel Dynamics is scheduled to release their next quarterly earnings announcement on Tuesday, January 28th 2020. View Earnings Estimates for Steel Dynamics.

Steel Dynamics issued an update on its third quarter earnings guidance on Tuesday, September, 17th. The company provided EPS guidance of $0.66-0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.72.

11 equities research analysts have issued 12 month target prices for Steel Dynamics' shares. Their predictions range from $29.00 to $47.00. On average, they expect Steel Dynamics' share price to reach $33.40 in the next year. This suggests a possible upside of 16.4% 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 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Steel Dynamics.

News coverage about STLD stock has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Steel Dynamics earned a daily sentiment score of 0.8 on InfoTrie's scale. They also gave headlines 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 effect on the company's share price in the next several days. View News Stories for Steel Dynamics.

Steel Dynamics saw a drop in short interest during the month of September. As of September 30th, there was short interest totalling 5,160,000 shares, a drop of 16.5% from the August 30th total of 6,180,000 shares. Based on an average daily trading volume, of 2,250,000 shares, the short-interest ratio is currently 2.3 days. Currently, 2.5% of the company's shares are sold short. View Steel Dynamics' Current Options Chain.

Some companies that are related to Steel Dynamics include SUMITOMO CORP/S (SSUMY), POSCO (PKX), Nucor (NUE), ArcelorMittal (MT), Tenaris (TS), EVRAZ (EVRZF), Ternium (TX), Carpenter Technology (CRS), Commercial Metals (CMC), APERAM/SH N Y REGISTRY SH (APEMY), United States Steel (X), USINAS SIDERURG/S (USNZY), AK Steel (AKS), SunCoke Energy (SXC) and Mechel PAO (MTL).

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), Hill-Rom (HRC), NVIDIA (NVDA), Gilead Sciences (GILD), Alibaba Group (BABA), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM) and Advanced Micro Devices (AMD).

Steel Dynamics' stock is owned by a number of of retail and institutional investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.39%), DNB Asset Management AS (0.37%), Peregrine Capital Management LLC (0.24%), Gateway Investment Advisers LLC (0.13%), Envestnet Asset Management Inc. (0.10%) and Pacer Advisors Inc. (0.07%). 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 Bowling Portfolio Management LLC, Denali Advisors LLC, Meeder Asset Management Inc., State of Alaska Department of Revenue, Gateway Investment Advisers LLC, Nisa Investment Advisors LLC, First Citizens Bank & Trust Co. and Cerebellum GP LLC. View Insider Buying and Selling for Steel Dynamics.

STLD stock was bought by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Winmill & CO. Inc., Pacer Advisors Inc., Envestnet Asset Management Inc., Peregrine Capital Management LLC, DNB Asset Management AS, Valeo Financial Advisors LLC and Smith Graham & Co. Investment Advisors LP. 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 $28.71.

Steel Dynamics has a market capitalization of $6.30 billion and generates $11.82 billion in revenue each year. The basic materials company earns $1.26 billion in net income (profit) each year or $5.49 on an earnings per share basis. Steel Dynamics employs 8,200 workers across the globe.View Additional Information About Steel Dynamics.

The official website for Steel Dynamics is http://www.steeldynamics.com/.

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]