Steel Dynamics (STLD): New Buy Recommendation for This Basic Materials Giant
Wolfe Research analyst maintained a Buy rating on Steel Dynamics today and set a price target of $275.00.
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In addition to Wolfe Research, Steel Dynamics also received a Buy from Wells Fargo’s Timna Tanners in a report issued today. However, on August 10, UBS 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 $6.09 billion and a net profit of $534.09 million. In comparison, last year the company earned a revenue of $4.57 billion and had a net profit of $298.73 million
Based on the recent corporate insider activity of 110 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 June 2026, James Stanley Anderson, the SVP of STLD sold 10,000.00 shares for a total of $2,687,030.02.
Read More on STLD:
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- Steel Dynamics Downgraded as AI Models Flag Technical and Valuation Headwinds
- U.S. to cut tariffs on Canadian steel, aluminum to 25%, Bloomberg reports
- Steel Dynamics Announces Third Quarter Cash Dividend Declaration
- Steel Dynamics price target raised to $276 from $165 at UBS
- Steel Dynamics Announces CEO Transition and Leadership Reshuffle
