J.P. Morgan Sticks to Their Hold Rating for Steel Dynamics (STLD)

In a report released today, Bill Peterson from J.P. Morgan maintained a Hold rating on Steel Dynamics, with a price target of $262.00.

Introducing TipRanks MCP for Agents

• Deliver institutional-grade market data directly into Claude, ChatGPT, Cursor, and other MCP-compatible AI tools.
• Designed for personal research, portfolio monitoring, and AI-assisted investment workflows.

Peterson covers the Basic Materials sector, focusing on stocks such as Steel Dynamics, Nucor, and Freeport-McMoRan. According to TipRanks, Peterson has an average return of 7.7% and a 49.41% success rate on recommended stocks.

Currently, the analyst consensus on Steel Dynamics is a Moderate Buy with an average price target of $253.00.

Based on Steel Dynamics’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.2 billion and a net profit of $403.44 million. In comparison, last year the company earned a revenue of $4.37 billion and had a net profit of $217.15 million

Based on the recent corporate insider activity of 120 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STLD in relation to earlier this year. Earlier this month, James Stanley Anderson, the SVP of STLD sold 10,000.00 shares for a total of $2,687,030.02.