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NASDAQ:STLD

Steel Dynamics (STLD) Stock Price, News & Analysis

$148.23
+1.24 (+0.84%)
(As of 05:22 PM ET)
Today's Range
$146.63
$148.74
50-Day Range
$112.69
$146.99
52-Week Range
$90.55
$148.74
Volume
956,745 shs
Average Volume
1.23 million shs
Market Capitalization
$23.44 billion
P/E Ratio
10.16
Dividend Yield
1.15%
Price Target
$118.13

Steel Dynamics MarketRank™ Stock Analysis

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
20.3% Downside
$118.13 Price Target
Short Interest
Bearish
3.29% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.01
Upright™ Environmental Score
News Sentiment
1.34mentions of Steel Dynamics in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-13.50%
From $11.63 to $10.06 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.18 out of 5 stars

Basic Materials Sector

78th out of 171 stocks

Blast Furnaces & Steel Mills Industry

7th out of 12 stocks

STLD stock logo

About Steel Dynamics Stock (NASDAQ:STLD)

Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products. This segment also engages in turning, polishing, straightening, chamfering, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The Metals Recycling Operations segment is involved in the ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services. 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. The Steel Fabrication Operations segment produces steel non-residential building components, such as steel joists, girders, trusses, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, owners, brokers, and governmental entities, as well as e-commerce warehouses, data centers, metal buildings, and education and commercial building projects. The Aluminum Operations segment offers recycled aluminum flat rolled products. The company also exports its products. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.

STLD Stock Price History

STLD Stock News Headlines

Steel Dynamics Inc's Dividend Analysis
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Company Calendar

Ex-Dividend for 1/16 Dividend
12/28/2023
Dividend Payable
1/16/2024
Last Earnings
1/23/2024
Ex-Dividend for 4/14 Dividend
3/27/2024
Today
3/28/2024
Dividend Payable
4/14/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
Current Symbol
NASDAQ:STLD
CUSIP
85811910
Employees
12,600
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$118.13
High Stock Price Target
$160.00
Low Stock Price Target
$98.00
Potential Upside/Downside
-20.1%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Net Income
$2.45 billion
Pretax Margin
17.13%

Debt

Sales & Book Value

Annual Sales
$18.80 billion
Cash Flow
$18.55 per share
Book Value
$53.57 per share

Miscellaneous

Free Float
148,666,000
Market Cap
$23.38 billion
Optionable
Optionable
Beta
1.41

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Should I Buy Steel Dynamics Stock? STLD Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Steel Dynamics was last updated on Tuesday, March 26, 2024 at 10:57 PM.

Pros

Here are some ways that investors could benefit from investing in Steel Dynamics, Inc.:

  • Steel Dynamics, Inc. operates as a steel producer and metal recycler in the United States, providing exposure to the construction, automotive, manufacturing, transportation, heavy equipment, and agriculture markets.
  • The company offers a diverse range of steel products including hot rolled, cold rolled, and coated steel products, catering to various industry needs.
  • Steel Dynamics, Inc. engages in metal recycling operations, which can contribute to sustainability efforts and provide additional revenue streams.
  • The company's Steel Fabrication Operations segment produces steel building components for non-residential projects, tapping into the construction industry demand.
  • Investors may find the current stock price of Steel Dynamics, Inc. attractive for potential value and growth opportunities.

Cons

Investors should be bearish about investing in Steel Dynamics, Inc. for these reasons:

  • Steel industry dynamics can be influenced by global economic conditions and trade policies, leading to volatility in steel prices and demand.
  • Market competition within the steel industry may impact Steel Dynamics, Inc.'s market share and profitability.
  • Fluctuations in raw material prices, such as iron ore and scrap metal, can affect the company's production costs and margins.
  • Economic downturns or slowdowns in key sectors like construction and automotive could impact the demand for Steel Dynamics, Inc.'s products.
  • Investors should consider the cyclical nature of the steel industry, which can result in periods of lower demand and pricing pressure.

STLD Stock Analysis - Frequently Asked Questions

Should I buy or sell Steel Dynamics stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last twelve months. There are currently 1 sell rating, 5 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.
View STLD analyst ratings
or view top-rated stocks.

What is Steel Dynamics' stock price target for 2024?

8 analysts have issued twelve-month price objectives for Steel Dynamics' stock. Their STLD share price targets range from $98.00 to $160.00. On average, they anticipate the company's share price to reach $118.13 in the next year. This suggests that the stock has a possible downside of 20.3%.
View analysts price targets for STLD
or view top-rated stocks among Wall Street analysts.

How have STLD shares performed in 2024?

Steel Dynamics' stock was trading at $118.10 on January 1st, 2024. Since then, STLD shares have increased by 25.6% and is now trading at $148.29.
View the best growth stocks for 2024 here
.

When is Steel Dynamics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our STLD earnings forecast
.

How can I listen to Steel Dynamics' earnings call?

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.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) announced its earnings results on Tuesday, January, 23rd. The basic materials company reported $2.61 earnings per share 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 the consensus estimate 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 business's revenue for the quarter was down 12.3% on a year-over-year basis. During the same period in the prior year, the business earned $4.37 EPS.

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

Steel Dynamics announced a quarterly dividend on Monday, February 26th. Shareholders 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 dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from the stock's previous quarterly dividend of $0.43.
Read our dividend analysis for STLD
.

Is Steel Dynamics a good dividend stock?

Steel Dynamics (NASDAQ:STLD) pays an annual dividend of $1.70 per share and currently has a dividend yield of 1.17%. 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 11.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 16.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STLD.

How will Steel Dynamics' stock buyback program work?

Steel Dynamics announced that its Board of Directors has authorized a share repurchase plan on Friday, November 3rd 2023, which allows the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are generally 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 issued an update on its first quarter 2024 earnings guidance on Friday, March, 15th. The company provided EPS guidance of 3.510-3.550 for the period, compared to the consensus EPS estimate of 3.320. The company issued revenue guidance of -.

What is Mark Millet's approval rating as Steel Dynamics' CEO?

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.

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).

Who are Steel Dynamics' major shareholders?

Steel Dynamics' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.35%), Vanguard Group Inc. (12.63%), Dimensional Fund Advisors LP (2.63%), Royal London Asset Management Ltd. (2.24%), Royal London Asset Management Ltd. (2.25%) and Price T Rowe Associates Inc. MD (2.13%). 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.
View institutional ownership trends
.

How do I buy shares of Steel Dynamics?

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.
Compare Top Brokerages Here.

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, Vulcan Threaded Products, and Vulcan Threaded Products Inc..
Read More
This page (NASDAQ:STLD) was last updated on 3/28/2024 by MarketBeat.com Staff

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