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NASDAQ:STLD

Steel Dynamics (STLD) Stock Price, News & Analysis

$111.00
-0.32 (-0.29%)
(As of 09/6/2024 ET)
Today's Range
$110.09
$112.94
50-Day Range
$111.00
$133.22
52-Week Range
$95.53
$151.34
Volume
1.48 million shs
Average Volume
1.03 million shs
Market Capitalization
$17.44 billion
P/E Ratio
7.62
Dividend Yield
1.66%
Price Target
$141.86

Steel Dynamics MarketRank™ Stock Analysis

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
27.8% Upside
$141.86 Price Target
Short Interest
Bearish
3.61% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.04
Upright™ Environmental Score
News Sentiment
1.03mentions of Steel Dynamics in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-2.42%
From $10.74 to $10.48 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.

4.66 out of 5 stars

Basic Materials Sector

22nd out of 180 stocks

Blast Furnaces & Steel Mills Industry

3rd 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 Petitions for Duties on Steel Imports
Has Trump Finally Gone Too Far?
Lately, there's been a lot of buzz around a secret loophole executive insiders are using to make millions buying and selling their own stocks. It's so powerful ... so profitable ... that most people immediately assume this is just another example of Trump doing what's best for business executives. But surprisingly, this loophole has been on the books for many years and executives have been using it to make HUNDREDS of millions of dollars. And here's the good news.
UBS Group Upgrades Steel Dynamics (NASDAQ:STLD) to Buy
UBS Upgrades Steel Dynamics (STLD)
Key Takeaways From Steel Dynamics Analyst Ratings
Has Trump Finally Gone Too Far?
Lately, there's been a lot of buzz around a secret loophole executive insiders are using to make millions buying and selling their own stocks. It's so powerful ... so profitable ... that most people immediately assume this is just another example of Trump doing what's best for business executives. But surprisingly, this loophole has been on the books for many years and executives have been using it to make HUNDREDS of millions of dollars. And here's the good news.
STLD Sep 2024 120.000 call
STLD Sep 2024 110.000 call
STLD Sep 2024 150.000 call
Analyst Ratings For Steel Dynamics
3 High-Potential Industrial Stocks Poised to Rise
See More Headlines
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Company Calendar

Ex-Dividend for 7/12 Dividend
6/28/2024
Dividend Payable
7/12/2024
Last Earnings
7/17/2024
Today
9/07/2024
Ex-Dividend for 10/11 Dividend
9/30/2024
Dividend Payable
10/11/2024
Next Earnings (Estimated)
10/16/2024
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
$141.86
High Stock Price Target
$160.00
Low Stock Price Target
$120.00
Potential Upside/Downside
+27.8%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$2.45 billion
Pretax Margin
14.48%

Debt

Sales & Book Value

Annual Sales
$18.15 billion
Cash Flow
$17.85 per share
Book Value
$58.00 per share

Miscellaneous

Free Float
147,705,000
Market Cap
$17.44 billion
Optionable
Optionable
Beta
1.32

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

Pros

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

  • Steel Dynamics has a strong consensus rating of "Hold" from analysts, indicating stability in the stock.
  • The company is forecasted to post earnings per share of 11.05 for the current fiscal year, showing potential profitability.
  • Recent insider transactions, such as Director Gabriel Shaheen purchasing shares, can signal confidence in the company's future performance.
  • The stock price of Steel Dynamics has shown resilience, trading at $126.35 on the latest trading day, which may present a buying opportunity.
  • Steel Dynamics operates as a steel producer and metal recycler in the United States, positioning it well in the industrial sector.

Cons

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

  • Some research firms have issued a "neutral" rating on the stock, suggesting limited upside potential in the short term.
  • There is a mixed analyst sentiment with one sell rating, six hold ratings, and only one buy rating, indicating uncertainty in the market perception of the company.
  • Bank of America reduced the price target on Steel Dynamics, reflecting concerns about the company's performance.
  • The stock has a beta of 1.35, indicating higher volatility compared to the market average, which may pose risks for investors.
  • Steel Dynamics faces competition in the steel industry, which could impact its market share and profitability in the long run.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, August 20, 2024. Please send any questions or comments about these Steel Dynamics pros and cons to contact@marketbeat.com.

STLD Stock Analysis - Frequently Asked Questions

How have STLD shares performed this year?

Steel Dynamics' stock was trading at $118.10 at the start of the year. Since then, STLD stock has decreased by 6.0% and is now trading at $111.00.
View the best growth stocks for 2024 here
.

How were Steel Dynamics' earnings last quarter?

Steel Dynamics, Inc. (NASDAQ:STLD) released its quarterly earnings data on Wednesday, July, 17th. The basic materials company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.05. The firm's revenue was down 8.8% compared to the same quarter last year.

Is Steel Dynamics buying back stock?

Steel Dynamics' board initiated a share buyback program on Friday, November 3rd 2023, which authorizes the company to buy back $1,500,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

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.

Does Steel Dynamics have any subsidiaries?

Steel Dynamics subsidiaries include United Steel Supply LLC, Kentucky Electric Steel, Vulcan Threaded Products, Severstal, OmniSource Corporation, Roanoke Electric Steel Corporation, Mesabi Nugget Delaware LLC, and more.

Who are Steel Dynamics' major shareholders?

Steel Dynamics' top institutional investors include Dimensional Fund Advisors LP (2.32%), Royal London Asset Management Ltd. (2.08%), Pacer Advisors Inc. (1.39%) and Thrivent Financial for Lutherans (1.15%). Insiders that own company stock include Keith E Busse, Gabriel Shaheen, Christopher A Graham, James C Marcuccilli, Bradley S Seaman, Miguel Alvarez and Mark D Millett.
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.

What other stocks do shareholders of Steel Dynamics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Steel Dynamics investors own include AK Steel (AKS), Micron Technology (MU), Energy Transfer (ET), AT&T (T), Advanced Micro Devices (AMD), AbbVie (ABBV) and NVIDIA (NVDA).

This page (NASDAQ:STLD) was last updated on 9/7/2024 by MarketBeat.com Staff

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