Nucor Corporation (NYSE:NUE) Receives $272.38 Average PT from Brokerages

Nucor Corporation (NYSE:NUE) has earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $274.3846.

Several equities research analysts recently weighed in on the company. KeyCorp raised Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price target on the stock in a research note on Wednesday, June 24th. CICC Research began coverage on shares of Nucor in a report on Monday, May 25th. They set an “outperform” rating on the stock. Bank of America reduced their target price on shares of Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Barclays lifted their price target on shares of Nucor from $272.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Argus boosted their price objective on shares of Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, May 15th.

Insider Buying and Selling

In other Nucor news, EVP Thomas J. Batterbee sold 4,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $261.02, for a total value of $1,044,080.00. Following the sale, the executive vice president directly owned 16,138 shares of the company’s stock, valued at approximately $4,212,340.76. The trade was a 19.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Stephen D. Laxton sold 3,968 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $256.96, for a total value of $1,019,617.28. Following the completion of the sale, the chief operating officer directly owned 77,867 shares in the company, valued at approximately $20,008,704.32. This represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Nucor

Hedge funds have recently bought and sold shares of the company. Tidal Investments LLC increased its stake in Nucor by 31.2% during the 2nd quarter. Tidal Investments LLC now owns 61,952 shares of the basic materials company’s stock valued at $13,800,000 after purchasing an additional 14,736 shares in the last quarter. Van Hulzen Asset Management LLC increased its position in shares of Nucor by 6.7% during the second quarter. Van Hulzen Asset Management LLC now owns 3,006 shares of the basic materials company’s stock valued at $670,000 after acquiring an additional 188 shares in the last quarter. Engineers Gate Manager LP raised its holdings in Nucor by 544.4% in the 2nd quarter. Engineers Gate Manager LP now owns 46,719 shares of the basic materials company’s stock worth $10,407,000 after acquiring an additional 39,469 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Nucor by 4.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 7,258 shares of the basic materials company’s stock valued at $1,617,000 after acquiring an additional 329 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Nucor by 4.3% during the 2nd quarter. NewEdge Advisors LLC now owns 27,427 shares of the basic materials company’s stock valued at $6,109,000 after purchasing an additional 1,135 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Key Stories Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: JPMorgan raised its price target. JPMorgan Chase increased its target for Nucor from $294 to $308 and upgraded the stock to “overweight,” implying substantial potential upside from the recent trading level. JPMorgan raises Nucor price target
• Neutral Sentiment: Nucor remains one of the steel stocks favored to navigate industry challenges. Zacks noted sluggish Chinese activity and muted demand in some end markets, but identified Nucor, ArcelorMittal, Steel Dynamics and F.W. Industries as companies positioned to manage the difficult environment. Steel producer stocks to watch
• Negative Sentiment: Zacks Research reduced its 2027 earnings forecasts. Estimates were lowered for every quarter and for full-year 2027: annual EPS was cut to $18.83 from $19.15, while quarterly reductions included Q1 EPS to $4.95, Q2 to $5.16, Q3 to $5.23 and Q4 to $3.50. Zacks maintained a “hold” rating, signaling limited conviction despite the long-term earnings outlook.
• Negative Sentiment: Recent trading performance had been relatively weak. Nucor previously closed at $256.40 after a 1.79% decline and underperformed some steel-sector peers, reflecting investor sensitivity to market-wide pressure and concerns about demand conditions. Nucor declines more than market

Nucor Stock Performance

Shares of NUE opened at $257.99 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. Nucor has a one year low of $131.32 and a one year high of $280.11. The company has a 50-day simple moving average of $250.27 and a two-hundred day simple moving average of $223.20. The firm has a market capitalization of $58.53 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 0.95 and a beta of 1.87.

Nucor (NYSE:NUE) last posted its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.38. The firm had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.60 EPS. On average, analysts anticipate that Nucor will post 17.95 EPS for the current fiscal year.

About Nucor

Nucor Corporation is a Charlotte, North Carolina-based steel and steel products company. It manufactures carbon, alloy and stainless steel products, including sheet, plate, bar, structural steel, rail, wire rod, rebar and merchant bar. The company also produces steel joists, deck, beams, piling, wire products, fasteners, grating, metal building systems and other fabricated steel products.

Nucor operates an integrated network of electric arc furnace steel mills, recycling facilities and downstream manufacturing operations.