How to Buy Steel Dynamics Stock
Steel Dynamics Inc
Steel Dynamics, Inc. , together with its subsidiaries, operates as a steel producer and metal recycler in the United States.
Steel Dynamics stock last closed at $127.14, up 3.16% from the previous day, and has decreased 3.8% in one year. It has overperformed other stocks in the Steel industry by 0.13 percentage points. Steel Dynamics stock is currently +21.55% from its 52-week low of $104.60, and -18.27% from its 52-week high of $155.56.
There are currently 150.16M STLD shares outstanding. The market cap of STLD is $19.09B. In the past 24 hours, 1.54M STLD shares were traded.
How to Buy Steel Dynamics Stock
Not sure how to invest in Steel Dynamics stock? Here's how.
- Decide where to buy Steel Dynamics stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you figure out where to buy Steel Dynamics stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your method of payment and add your details.
- Evaluate Steel Dynamics stock: The Steel Dynamics ticker symbol is STLD. Is Steel Dynamics stock a good investment? Should you buy shares of STLD? How do STLD's underlying business fundamentals look? Do top analysts think Steel Dynamics is a good buy? Why has STLD's stock price moved recently? (Hint: Our stock research website can help you evaluate if STLD is a good stock to buy).
- Make your STLD trade: Decide if you will purchase STLD shares at the current market price or use a limit order to purchase STLD shares at a particular price.
- Keep tabs on your investment in STLD: Create a watchlist to important updates regarding your new investment in Steel Dynamics stock.
Step 1: Decide where to buy Steel Dynamics stock
You need a brokerage account to access the NASDAQ market and buy STLD shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal details so you are able to invest in STLD stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new trading account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've opened your account on one of the most highly reviewed stock market apps, your next step is to transfer the money for your investment:
Watch the tutorial below for more details transferring money into your new investment account.
Step 4: Evaluate Steel Dynamics stock
Once you have chosen the best place to buy Steel Dynamics stock, it's important to research their stock before you buy, so you can understand the risk as well as the opportunity.
Steel Dynamics Numbers
STLD Overview
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on STLD's stock page.
How is STLD stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge STLD's true value.
Using relative valuations measures:
- STLD could be undervalued based on its P/E ratio of 12.86x, relative to Steel industry P/E ratio of 17.68x
- STLD could be overvalued based on its P/B ratio of 2.14x, relative to Steel industry P/B ratio of 0.85x
- STLD may be undervalued based on its PEG ratio of 0.99x
You can do additional valuation research on STLD's stock here.
STLD Financial Summary
Signs that STLD is financially healthy:
- Total STLD debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the STLD balance sheet.
- There are more short-term assets than short-term liabilities on the STLD balance sheet.
- STLD has cash burn of 23503000. It has enough cash and short-term investments to cover this for at least one year.
- STLD has $737.28M in cash and short term investments. This is enough to cover its annual cash burn of $23.50M.
Signs that STLD is not financially healthy:
- STLD profit margin has gone down from 13% to 8.8% in the past year.
- STLD has a relatively high debt to equity ratio of 0.67.
Do Wall Street analysts think it's a good time to buy STLD stock
Out of 9 Wall Street analysts who track STLD, the consensus analyst rating on STLD is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest STLD Analyst Upgrades/Downgrades
Andrew Jones, an analyst from UBS downgrades STLD to a hold rating and raises their STLD price target from $145.00 to $149.00, on Dec 12, 2024.
Mike Harris, a bottom 24% analyst from Goldman Sachs initiates coverage on STLD with a hold rating and announces their STLD price target of $155.00, on Dec 2, 2024.
Martin Englert, a bottom 15% analyst from Seaport Global maintains STLD with a buy rating and raises their STLD price target from $132.00 to $150.00, on Oct 18, 2024.
Katja Jancic, a top 37% analyst from BMO Capital maintains STLD with a hold rating and raises their STLD price target from $130.00 to $135.00, on Oct 18, 2024.
Lawson Winder, a top 28% analyst from Bank of America upgrades STLD to a strong buy rating and raises their STLD price target from $140.00 to $155.00, on Oct 1, 2024.
You can dive deeper into what analysts are forecasting on the Steel Dynamics stock forecast page.
STLD Technical Indicators
STLD Growth Numbers
Last year, STLD earnings were $1.54B. Over the last five year, STLD's earnings have gone up by 26.44% per year. This was faster than the Steel industry average of -16.07%.
Last year, STLD revenue was $17.54B. During the last 5 year, STLD's revenue has gone up by 10.88% per year. This was faster than the Steel industry average of 5.24%.
Dive into STLD's earnings and revenue performance here.
Who is buying/selling STLD?
Over the past 12 months, executives and large shareholders at STLD have sold more shares than they have bought.
Miguel Alvarez, Senior Vice President of STLD, was the latest STLD insider to sell. They sold $1,454,889.00 worth of STLD stock on Mar 14, 2025.
Learn more about who owns STLD stock here.
Can I get consistent income from STLD stock?
No, Steel Dynamics doesn't provide an income stream by paying out dividends.
What do other investors have to say about STLD?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your STLD trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount limit, use a limit order.
Press the Open button and eToro will place your order.
If you require more assistance buying stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your investment in STLD
Now that you own some STLD stock, you'll want to stay up-to-date on your new company.
Make a watchlist to track the latest developments regarding your STLD stock.
STLD Feed
How to Buy Stock in Steel Dynamics
To reiterate, here are the 6 steps to buy Steel Dynamics stock:
- Decide where to buy Steel Dynamics stock
- Open a brokerage account
- Fund your investment account
- Evaluate Steel Dynamics stock
- Make your STLD trade
- Keep tabs on your investment in STLD
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep track of your investment in Steel Dynamics, create a watchlist today.
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