New Buy Rating for Steel Dynamics (STLD), the Basic Materials Giant

In a report released today, Timna Tanners from Wells Fargo maintained a Buy rating on Steel Dynamics, with a price target of $169.00. The company’s shares closed yesterday at $153.82.

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Tanners covers the Basic Materials sector, focusing on stocks such as Cleveland-Cliffs, Nucor, and Steel Dynamics. According to TipRanks, Tanners has an average return of 0.5% and a 50.85% success rate on recommended stocks.

In addition to Wells Fargo, Steel Dynamics also received a Buy from Jefferies’s Chris LaFemina in a report issued yesterday. However, on October 13, J.P. Morgan maintained a Hold rating on Steel Dynamics (NASDAQ: STLD).

Based on Steel Dynamics’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.57 billion and a net profit of $298.73 million. In comparison, last year the company earned a revenue of $4.63 billion and had a net profit of $428 million

Based on the recent corporate insider activity of 116 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. Most recently, in July 2025, Christopher A. Graham, the SVP of STLD sold 12,000.00 shares for a total of $1,520,460.27.