How Much Dividend Does Steel Dynamics Inc. (STLD) Pay?

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Steel Dynamics Inc. (NASDAQ:STLD) finished Wednesday with a subtraction of -$3.01 to close at $99.89, a downside of -2.93 percent. An average of 9,083,200 shares of common stock have been traded in the last five days. There was a fall of -$3.31 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 3,974,265 shares traded, while the 50-day average volume stands at 2,607,830.

STLD stock has decreased by -2.91% in the last month. The company shares reached their 1-month lowest point of $97.35 on 12/16/22. With the stock rallying to its 52-week high on 12/13/22, shares of the company touched a low of $50.54 and a high of $113.12 in 52 weeks. It has reached a new high 29 times so far this year and achieved 60.93% or $37.82 in price. In spite of this, the price is down -11.70% from the 52-week high.


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Insider Transactions

STLD stock investors should be aware that Steel Dynamics Inc. (STLD) stock had its last reported insider trading activity 27 days ago on Dec 02. In this transaction, the insider spent $272,250. Director, BUSSE KEITH E, disposed of 244 shares at a price of $95.50 on Oct 25. The insider now owns more than $23,303 worth of shares. Prior to that, Director BUSSE KEITH E went on to Sale 22,103 shares at $96.33 each on Oct 24. An amount of $2,129,182 was transacted.

Valuation Metrics

Steel Dynamics Inc. (STLD) has a trailing price-to-earnings (P/E) ratio of 4.41. The stock’s beta is 1.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.77, the price-to-book (PB) ratio at 2.26, and the price-to-cash flow ratio at 5.78.

The company has a payout ratio of 5.60%. The company’s most recent quarterly dividend payment was $0.34 a share, without any change from last year. Its latest increase dividend $0.08 reported on Monday February 28 2022.

Financial Health

The quick ratio of Steel Dynamics Inc. for the three months ended September 29 was 2.10, and the current ratio was 3.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.38 and a total debt to equity ratio of 0.38 for the quarter ending September 29. Its gross profit as reported stood at $5.36 billion compared to revenue of $18.41 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Steel Dynamics Inc.’s return on assets was 32.40%.

Earnings Surprise

For the three-month period that ended September 29, Steel Dynamics Inc. had $583.21 million in cash and short-term investments compared to $3.01 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $914.33 million in the quarter, while revenues of $1.21 billion were shrunk -8.36%. The analyst consensus anticipated Steel Dynamics Inc.’s latest quarter earnings to come in at $5.09 per share, but it turned out to be $5.46, a 7.30% surprise. For the quarter, EBITDA amounted to $1.32 billion. Shareholders own equity worth $175.57 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Steel Dynamics Inc. (STLD) price momentum. RSI 9-day as of the close on 28 December was 36.26%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.31%.

As of today, STLD’s price is $102.61 -3.21% or -$3.31 from its 5-day moving average. STLD is currently trading -2.68% lower than its 20-day SMA and +26.80% higher than its 100-day SMA. However, the stock’s current price level is +24.83% above the SMA50 and +39.73% above the SMA200.

The stochastic %K and %D were 28.18% and 31.95%, respectively, and the average true range (ATR) was 3.95. With the 14-day stochastic at 16.11% and the average true range at 3.95, the RSI (14) stands at 43.57%. The stock has reached -0.51 on the 9-day MACD Oscillator while the 14-day reading was at -3.06.

Analyst Ratings

UBS downgraded Steel Dynamics Inc. (NASDAQ: STLD) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Steel Dynamics Inc. (STLD) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell STLD, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

What is STLD’s price target for the next 12 months?

Analysts predict a range of price targets between $56.00 and $114.00, with a median target of $100.00. Taking a look at these predictions, the average price target given by analysts for Steel Dynamics Inc. (STLD) stock is $95.17.

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