Steel Dynamics (STLD) Stock Price, News & Analysis

8 Wall Street equities research 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 equities research 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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8 analysts have issued 1 year price targets for Steel Dynamics' shares. Their STLD share price targets range from $98.00 to $130.00. On average, they expect the company's stock price to reach $111.22 in the next twelve months. This suggests that the stock has a possible downside of 5.8%.
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Steel Dynamics' stock was trading at $97.70 at the start of the year. Since then, STLD stock has increased by 20.9% and is now trading at $118.10.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 23rd 2024.
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Steel Dynamics will be holding an earnings conference call on Wednesday, January 24th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Steel Dynamics, Inc. (NASDAQ:STLD) announced its quarterly earnings results on Thursday, October, 19th. The basic materials company reported $3.47 earnings per share for the quarter, missing the consensus estimate of $3.54 by $0.07. The basic materials company had revenue of $4.59 billion for the quarter, compared to analysts' expectations of $4.49 billion. Steel Dynamics had a net margin of 13.73% and a trailing twelve-month return on equity of 34.31%. The company's quarterly revenue was down 18.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.46 earnings per share.

Steel Dynamics declared a quarterly dividend on Friday, November 3rd. Shareholders of record on Sunday, December 31st will be given a dividend of $0.425 per share on Tuesday, January 16th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, December 28th.
Read our dividend analysis for STLD.

Steel Dynamics (NASDAQ:STLD) pays an annual dividend of $1.70 per share and currently has a dividend yield of 1.43%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 10.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, STLD will have a dividend payout ratio of 16.21% 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), First Trust Materials AlphaDEX Fund (FXZ), SPDR S&P Metals & Mining ETF (XME), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), 2ndVote Life Neutral Plus ETF (LYFE), Invesco S&P 500 Equal Weight Materials ETF (RSPM), Invesco S&P 500 Equal Weight Materials ETF (RTM) and Direxion Daily Metals & Mining Bull 2X Shares (MNM).

Steel Dynamics announced that its Board of Directors has initiated a stock repurchase program on Friday, November 3rd 2023, which authorizes the company to buyback $1,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 8.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its shares are undervalued.

Steel Dynamics issued an update on its fourth quarter 2023 earnings guidance on Friday, December, 15th. The company provided earnings per share (EPS) guidance of 2.600-2.640 for the period, compared to the consensus EPS estimate of 2.640. 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).

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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