Steel Dynamics (NASDAQ:STLD) Stock, Quote.Headers.trade-ideas

Steel Dynamics

Steel Dynamics Inc operates scrap-based steel minimills with roughly 16 million tons of annual steel production capacity. The company's segment includes steel operations, metals recycling operations, steel fabrication operations, Aluminum Operations Segment, and others. It generates maximum revenue from the steel operations segment.

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STLD

Steel Dynamics, Inc. (NASDAQ: STLD) has issued earnings guidance for the third quarter of 2024 in the $1.94-$1.98 per share range. This represents a decline from the company&#39;s second-quarter 2024 earnings of $2.72 per share and its third-quarter 2023 earnings of $3.47.

Steel Dynamics Expects Lower Q3 Earnings Amid Pricing Pressures

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Steel stocks are better positioned with upcoming Fed rate decision and elections. Analyst upgrades Nucor, Steel Dynamics, and US Steel.

Steel Stocks Rebound: JPMorgan Lifts Ratings On Nucor, Steel Dynamics, US Steel

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It’s deep red on Wall Street on Wednesday, with tech stocks sharply falling amid a semiconductor broad-based selloff following news that the Biden administration is hastening export restrictions to China. 

Nasdaq 100 Suffers Worst Day In 11 Months As Chipmakers Tumble On China Curbs; Magnificent 7 Wipe Out $500B : What&#39;s Driving Markets Wednesday?

Steel Dynamics Inc

Morgan Stanley analyst Carlos De Alba maintains Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) with a Equal-Weight and lowers the price target from $138 to $131.

Morgan Stanley Maintains Equal-Weight on Steel Dynamics, Lowers Price Target to $131

<a href="https://www.wsj.com/business/earnings/nucor-warns-of-big-3q-profit-decline-as-steel-prices-fall-c02828d1?mod=latest_headlines">https://www.wsj.com/business/earnings/nucor-warns-of-big-3q-profit-decline-as-steel-prices-fall-c02828d1?mod=latest_headlines</a>
&nbsp;
U.S. steelmakers projected lower quarterly profits, as automotive companies and equipment manufacturers dial down production.&nbsp;
Charlotte, N.C.-based <a href="https://www.wsj.com/market-data/quotes/NUE">Nucor</a> said Tuesday that lower demand for steel in a weakening manufacturing sector and falling sales of its steel construction materials would result in about an 80% decline in third-quarter profit, including one-time charges, from the same quarter last year. Indiana-based <a href="https://www.wsj.com/market-data/quotes/STLD">Steel Dynamics</a> late Monday forecast lower quarterly profit as well, describing earnings from its steel business as being "meaningfully lower" from the prior quarter because of weak demand and lower steel prices.

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'U.S. Steelmakers Warn Of Lower Profits As Manufacturers Slow Factories; Nucor And Steel Dynamics Forecast Drop In Third-Quarter Earnings, Citing Weaker Demand And Shaky Prices' - WSJ

Steel Dynamics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stld#NASDAQ">STLD</a>) has issued earnings guidance for the third quarter of 2024 in the $1.94-$1.98 per share range. This represents a decline from the company&#39;s second-quarter 2024 earnings of $2.72 per share and its third-quarter 2023 earnings of $3.47.
STLD&#39;s steel operations profitability is expected to be significantly lower than&nbsp; the second quarter due to reduced average realized pricing in the flat rolled operations. Approximately 80% of this business is contract-based, linked to lagging pricing indices. However, flat rolled steel prices have stabilized and are showing improvement, with underlying demand remaining consistent.
The metals recycling division&#39;s earnings for the third quarter of 2024 are anticipated to be in line with second-quarter results, as steady volumes offset the impact of slightly lower realized pricing.
<div class="chart_embed">
<h3>Steel Dynamics, Inc. Price and Consensus</h3>
<img alt="Steel Dynamics, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/e7/1726572063.png" style="height:265px; width:587px" title="" />
Steel Dynamics, Inc. price-consensus-chart | Steel Dynamics, Inc. Quote
In the steel fabrication segment, earnings are forecasted to be moderately lower than the previous quarter due to a slight dip in average realized pricing. However, the order backlog remains steady and extends into the first quarter of 2025, with pricing at attractive levels. Current order activity is stable and demand is expected to grow in 2025, fueled by an expected decline in interest rates, the U.S. infrastructure program and increasing onshoring efforts. This growth is likely to benefit not only steel joist and deck products but also flat rolled and long product steels.
</div>
Demonstrating continued confidence in the company&#39;s earnings outlook and cash flow, Steel Dynamics repurchased $307 million worth of its common stock through Sept. 11, 2024.
Shares of Steel Dynamics have gained 13.1% in the past year against a 14.3% decline in its industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/11/77996.jpg?v=586377325" />
Image Source: Zacks Investment Research
<h2>STLD&#39;s Zacks Rank &amp; Key Picks</h2>
Steel Dynamics currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Hawkins, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwkn#NASDAQ">HWKN</a>), Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for Hawkins&#39; current fiscal-year earnings is pegged at $4.14 per share, indicating a rise of 15.3% from the year-ago level. The Zacks Consensus Estimate for HWKN&#39;s current fiscal-year earnings has increased 12.8% in the past 60 days.The stock has rallied around 95% in the past year.
The Zacks Consensus Estimate for Carpenter Technology&#39;s current-year earnings is pegged at $6.06 per share, indicating a rise of 27.9% from the year-ago level. CRS&#39; earnings beat the consensus estimate in each of the trailing four quarters, with the average surprise being 15.9%. The stock has surged nearly 108.8% in the past year.
The Zacks Consensus Estimate for Eldorado Gold&#39;s current-year earnings is pegged at $1.35 per share, indicating a year-over-year rise of 136.8%. EGO beat the consensus estimate in each of the trailing four quarters, with the average earnings surprise being 430.3%. The company&#39;s shares have surged nearly 75.3% in the past year.
<a href="https://www.zacks.com/stock/news/2336978/steel-dynamics-expects-lower-q3-earnings-amid-pricing-pressures?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2336978">To read this article on Zacks.com click here.</a>

BMO Capital analyst Katja Jancic maintains Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) with a Market Perform and lowers the price target from $135 to $127.

BMO Capital Maintains Market Perform on Steel Dynamics, Lowers Price Target to $127

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Steel Dynamics shares are trading lower after the company warned of lower profitability from its steel operations due to reduced pricing in flat rolled operations.

Steel Dynamics Sees Q3 EPS $1.94-$1.98; Says Q3 Profitability From Steel Operations Is Expected To Be Meaningfully Lower Thank Sequential Q2 Results, Based On Lower Avg. Realized Pricing Within Flat Rolled Operations

Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) has outperformed the market over the past 20 years by 4.8% on an annualized basis producing an average annual return of 12.98%. Currently, Steel Dynamics has a market capitalization of $16.78 billion. 
Buying $100 In STLD: If an investor had bought $100 of STLD stock 20 years ago, it would be worth $1,144.90 today based on a price of $108.74 for STLD at the time of writing.
<h3>Steel Dynamics's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726065011_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 20 Years Ago, You Would Have $1,100 Today

Following the pressure on shares of North America steel companies due to weakening fundamentals, they are now <a href="https://www.benzinga.com/money/best-steel-stocks">more attractively valued</a>.
North American steel equities are now better positioned, with a potential improvement in the rate environment ahead and a stable post-election backdrop in 2025, according to JPMorgan.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5aabc09cb023000001cb8b57/bill-peterson">Analyst Bill Peterson</a> upgraded the ratings for:
<ul>
<li>Nucor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) from Neutral to Overweight, while raising the price target from $170 to $174.</li>
<li>Steel Dynamics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) from Underweight to Neutral, while lifting the price target from $120 to $131.</li>
<li>United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) from Neutral to Overweight, while raising the price target from $40 to $42.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Nucor, Steel Dynamics and US Steel are likely to provide "timid outlook comments" next week, due to "lower lagged-contract pricing and hand-to-mouth buying more than offsetting easing scrap costs," Peterson said in a note.
Uncertainties related to Fed rates and election results are likely to be "a key overhang" on demand in the back half of the year, "likely resulting in further de-risking of consensus estimates," the analyst wrote.
Nucor and United States Steel are the best positioned for upside going into next year, according to Peterson. While both Nucor and Steel Dynamics have "strong product diversification," Peterson noted that the recent pullback in United States Steel&#8217;s stock offers "an attractive buying opportunity on standalone valuation support."
Price action at the time of publication Monday:
<ul>
<li>Nucor's shares had climbed by 2.95% to $142.89</li>
<li>Shares of Steel Dynamics had risen by 1.22% to $112.35</li>
<li>United States Steel's stock had jumped by 4.00% to $32.52</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40773576/us-yield-curve-no-longer-inverted-why-this-time-the-recession-scenario-might-be-d">US Yield Curve No Longer Inverted: Why This Time The Recession Scenario Might Be Different For Investors</a></li>
</ul>
Photo: Unsplash

JP Morgan analyst Bill Peterson upgrades Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) from Underweight to Neutral and raises the price target from $120 to $131.

JP Morgan Upgrades Steel Dynamics to Neutral, Raises Price Target to $131

Steel Dynamics, Inc. (NASDAQ/GS: STLD)&nbsp;today petitioned the Department of Commerce (DOC) and the U.S. International Trade Commission (ITC) to apply antidumping duties against imports of corrosion resistant flat rolled steel (CORE) from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, UAE, and Vietnam, and countervailing duties against imports of CORE from Brazil, Canada, Mexico, and Vietnam. The company was joined by four other organizations in at least one or more of these cases.
"Between the first half of 2023 and the first half of 2024, imports of CORE from the ten subject countries surged from less than 1.25 million tons to almost two million tons, a significant 57 percent increase. The surge of unfairly traded imports of CORE has had a significant negative impact on the domestic steel industry's volume, prices, and profits, necessitating these cases," said Barry T. Schneider, President and Chief Operating Officer.
CORE steel is used in various market sectors, including in the production of automobiles, appliances, and in many construction applications. CORE products consist of hot rolled and cold rolled steel, which has been coated with zinc, and in some cases aluminum, and may be painted or have other coatings applied to make the product corrosion resistant. The present annual U.S. market demand for these products is over 20 million tons.
"Steel Dynamics has invested $3.7 billion in our steel divisions since June 2019, including investments in a new state-of-the-art 3.0-million-ton electric arc furnace flat rolled steel mill, four flat rolled galvanizing lines with Galvalume&#xAE;&nbsp;capability, and three flat rolled paint lines. Corrosion-resistant flat rolled steel is a strategically important product to the domestic steel industry, and the restoration of fair trade is critically important," said Christopher A. Graham, Senior Vice President, Flat Roll Steel Group.
Under the unfair trade statutes, the DOC must determine whether to initiate the requested investigations within 20 days, and the ITC must make a preliminary determination of injury within 45 days. Subject to initiation, the company expects preliminary determinations on subsidies later this year and on dumping early next year, though these determinations are subject to extension. Final rulings by both agencies should be completed by October 2025.

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Steel Dynamics Along With 4 Other Organizations, Requested The DOC And U.S. ITC To Impose Antidumping And Countervailing Duties On Imports Of Corrosion-Resistant Steel From Multiple Countries, Citing A 57% Surge In Imports That Negatively Impacted The Domestic Steel Industry, With Decisions On These Investigations Expected Between Late This Year And Early Next Year, And Final Rulings By October 2025

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Shares of companies within the broader metals and mining sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

5 analysts have shared their evaluations of Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Steel Dynamics and provided 12-month price targets. The average target is $136.6, accompanied by a high estimate of $145.00 and a low estimate of $120.00. Witnessing a positive shift, the current average has risen by 1.79% from the previous average price target of $134.20.
<img src="https://www.benzinga.com/files/images/story/2024/1725390031_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Steel Dynamics among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Curt Woodworth</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Carlos De Alba</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$138.00</td>
<td>$134.00</td>
</tr>
<tr>
<td>Bill Peterson</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$120.00</td>
<td>$118.00</td>
</tr>
<tr>
<td>Lawson Winder</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Katja Jancic</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$135.00</td>
<td>$140.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Steel Dynamics. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Steel Dynamics compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Capture valuable insights into Steel Dynamics's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/STLD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Steel Dynamics analyst ratings.</a>
<h2>Discovering Steel Dynamics: A Closer Look</h2>
Steel Dynamics Inc operates scrap-based steel minimills with roughly 16 million tons of annual steel production capacity. The company's segment includes steel operations, metals recycling operations, steel fabrication operations, Aluminum Operations Segment, and others. It generates maximum revenue from the steel operations segment.
<h3>A Deep Dive into Steel Dynamics's Financials</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Decline in Revenue: Over the 3 months period, Steel Dynamics faced challenges, resulting in a decline of approximately -8.84% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Steel Dynamics's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 9.24% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Steel Dynamics's ROE stands out, surpassing industry averages. With an impressive ROE of 4.7%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Steel Dynamics's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.84% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Steel Dynamics's debt-to-equity ratio is below the industry average. With a ratio of 0.33, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Steel Dynamics Analyst Ratings

UBS analyst Curt Woodworth upgrades Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) from Neutral to Buy and raises the price target from $129 to $145.

UBS Upgrades Steel Dynamics to Buy, Raises Price Target to $145

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Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) has outperformed the market over the past 20 years by 6.24% on an annualized basis producing an average annual return of 14.63%. Currently, Steel Dynamics has a market capitalization of $18.11 billion. 
Buying $1000 In STLD: If an investor had bought $1000 of STLD stock 20 years ago, it would be worth $15,391.48 today based on a price of $117.36 for STLD at the time of writing.
<h3>Steel Dynamics's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724085015_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Steel Dynamics Stock In The Last 20 Years

Ratings for Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $137.6, a high estimate of $150.00, and a low estimate of $120.00. This current average has increased by 1.55% from the previous average price target of $135.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1723737659_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Steel Dynamics among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Carlos De Alba</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$138.00</td>
<td>$134.00</td>
</tr>
<tr>
<td>Bill Peterson</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$120.00</td>
<td>$118.00</td>
</tr>
<tr>
<td>Lawson Winder</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Katja Jancic</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$135.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Christopher LeFemina</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$150.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Steel Dynamics. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Steel Dynamics compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Steel Dynamics's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Steel Dynamics's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/STLD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Steel Dynamics analyst ratings.</a>
<h2>About Steel Dynamics</h2>
Steel Dynamics Inc operates scrap-based steel minimills with roughly 16 million tons of annual steel production capacity. The company's segment includes steel operations, metals recycling operations, steel fabrication operations, Aluminum Operations Segment, and others. It generates maximum revenue from the steel operations segment.
<h3>Steel Dynamics's Financial Performance</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Decline in Revenue: Over the 3 months period, Steel Dynamics faced challenges, resulting in a decline of approximately -8.84% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Steel Dynamics's net margin is impressive, surpassing industry averages. With a net margin of 9.24%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Steel Dynamics's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.7% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Steel Dynamics's ROA excels beyond industry benchmarks, reaching 2.84%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.33.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Steel Dynamics

Morgan Stanley analyst Carlos De Alba maintains Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) with a Equal-Weight and raises the price target from $134 to $138.

Morgan Stanley Maintains Equal-Weight on Steel Dynamics, Raises Price Target to $138

Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) has outperformed the market over the past 15 years by 2.67% on an annualized basis producing an average annual return of 14.27%. Currently, Steel Dynamics has a market capitalization of $18.78 billion. 
Buying $100 In STLD: If an investor had bought $100 of STLD stock 15 years ago, it would be worth $715.26 today based on a price of $119.50 for STLD at the time of writing.
<h3>Steel Dynamics's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722868210_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Steel Dynamics 15 Years Ago Would Be Worth This Much Today

SCCO

Shares of companies in the broader metals sector are trading lower amid an overall market selloff on weak US jobs data.

Steel Dynamics's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NYSE">STLD</a>) short percent of float has fallen 14.85% since its last report. The company recently reported that it has 5.26 million shares sold short, which is 4.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.18 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Steel Dynamics Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722604516_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Steel Dynamics has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Steel Dynamics's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Steel Dynamics's peer group average for short interest as a percentage of float is 5.70%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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