Steel Dynamics (STLD): New Buy Recommendation for This Basic Materials Giant

Wells Fargo analyst Timna Tanners maintained a Buy rating on Steel Dynamics today and set a price target of $190.00.

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According to TipRanks, Tanners is a 3-star analyst with an average return of 1.5% and a 53.31% success rate. Tanners covers the Basic Materials sector, focusing on stocks such as Nucor, Cleveland-Cliffs, and Steel Dynamics.

In addition to Wells Fargo, Steel Dynamics also received a Buy from Jefferies’s Chris LaFemina in a report issued on December 10. However, on December 5, J.P. Morgan maintained a Hold rating on Steel Dynamics (NASDAQ: STLD).

Based on Steel Dynamics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.83 billion and a net profit of $403.69 million. In comparison, last year the company earned a revenue of $4.34 billion and had a net profit of $317.8 million

Based on the recent corporate insider activity of 117 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 October 2025, Miguel Alvarez, the SVP of STLD sold 8,251.00 shares for a total of $1,343,180.29.