Steel Dynamics (STLD) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" STLD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STLD, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued 1-year target prices for Steel Dynamics' shares. Their STLD share price targets range from $98.00 to $160.00. On average, they predict the company's share price to reach $117.43 in the next twelve months. This suggests that the stock has a possible downside of 16.1%.
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Steel Dynamics' stock was trading at $118.10 at the beginning of 2024. Since then, STLD stock has increased by 18.6% and is now trading at $140.02.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
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Steel Dynamics will be holding an earnings conference call on Wednesday, April 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Steel Dynamics, Inc. (NASDAQ:STLD) released its earnings results on Tuesday, January, 23rd. The basic materials company reported $2.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.63 by $0.02. The basic materials company earned $4.23 billion during the quarter, compared to analysts' expectations of $4.22 billion. Steel Dynamics had a trailing twelve-month return on equity of 29.49% and a net margin of 13.04%. The firm's revenue was down 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.37 EPS.

Steel Dynamics announced a quarterly dividend on Monday, February 26th. Investors of record on Sunday, March 31st will be given a dividend of $0.46 per share on Sunday, April 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from the stock's previous quarterly dividend of $0.43.
Read our dividend analysis for STLD.

Steel Dynamics (NASDAQ:STLD) pays an annual dividend of $1.84 per share and currently has a dividend yield of 1.31%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 12.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 16.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STLD.

ETFs with the largest weight of Steel Dynamics (NASDAQ:STLD) stock in their portfolio include VanEck Steel ETF (SLX), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), SPDR S&P Metals & Mining ETF (XME), First Trust Materials AlphaDEX Fund (FXZ), Invesco S&P 500 Equal Weight Materials ETF (RTM), 2ndVote Life Neutral Plus ETF (LYFE), The Acquirers Fund (ZIG) and Invesco S&P 500 Equal Weight Materials ETF (RSPM).

Steel Dynamics announced that its board has approved a share buyback program on Friday, November 3rd 2023, which permits the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Steel Dynamics issued an update on its first quarter 2024 earnings guidance on Friday, March, 15th. The company provided earnings per share guidance of 3.510-3.550 for the period, compared to the consensus EPS estimate of 3.320. The company issued revenue guidance of -.

40 employees have rated Steel Dynamics Chief Executive Officer Mark Millet on Glassdoor.com. Mark Millet has an approval rating of 99% among the company's employees. This puts Mark Millet in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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' stock is owned by many different institutional and retail investors. Top institutional shareholders include BTC Capital Management Inc. (0.05%), Hennessy Advisors Inc. (0.04%), Gateway Investment Advisers LLC (0.04%), Signet Financial Management LLC (0.03%), Wealth Enhancement Advisory Services LLC (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Bradley S Seaman, Christopher A Graham, Gabriel Shaheen, Glenn Pushis, James C Marcuccilli, Keith E Busse, Mark D Millett, Miguel Alvarez and Theresa E Wagler.
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Shares of STLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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