Steel Dynamics: Secular Tailwinds Are Consistent With Bullish Guidance [Seeking Alpha]
Steel Dynamics, Inc. (STLD)
Last steel dynamics, inc. earnings: 4/20 06:00 pm
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US:NASDAQ Investor Relations:
ir.steeldynamics.com/presentations
Company Research
Source: Seeking Alpha
Despite weaker results in Q4 2023, the company still generated strong profits and free cash flow, with a solid balance sheet. The future outlook for Steel Dynamics remains positive, with strong demand from sectors such as autos, nonresidential construction, and energy, as well as favorable political support for the steel industry. Shares of Steel Dynamics ( NASDAQ: STLD ) have been a solid performer over the past year, returning over 30% and sitting near a new 52-week high. The post-COVID environment has been favorable for steelmakers, and that appears set to continue through 2024. Since recommending shares in October , STLD has returned about 38%, significantly ahead of the S&P 500's 21%. With this rally, shares have eclipsed my $140 price target, making now a natural time to reevaluate share. I remain bullish. Financial Performance Has Been Strong In the company's fourth quarter reported on January 2023, Steel Dynamics reported strong but sequentially weaker results. STLD e
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STLD
News
- Steel Dynamics Announces Second Quarter 2024 Cash Dividend [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics Announces Second Quarter 2024 Cash DividendPR Newswire
- UPDATE 1-Vietnam's China ties loom large in US hearing on market economy upgrade [Yahoo! Finance]Yahoo! Finance
- Is First Trust Materials AlphaDEX ETF (FXZ) a Strong ETF Right Now? [Yahoo! Finance]Yahoo! Finance
- Shareholders Would Not Be Objecting To Steel Dynamics, Inc.'s (NASDAQ:STLD) CEO Compensation And Here's Why [Yahoo! Finance]Yahoo! Finance
STLD
Earnings
- 4/23/24 - Beat
STLD
Sec Filings
- 5/10/24 - Form 10-Q
- 5/10/24 - Form 4
- 5/1/24 - Form 4
- STLD's page on the SEC website