Nucor Corporation (NYSE:NUE) Stock Has Average Target Price of $276.86 According to Brokerages

Nucor Corporation (NYSE:NUE) has received an average rating of “Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $284.00.

NUE has been the subject of a number of recent research reports. Morgan Stanley set a $270.00 target price on shares of Nucor in a report on Wednesday, July 29th. Freedom Broker raised shares of Nucor from a “hold” rating to a “strong-buy” rating in a research note on Friday. The Goldman Sachs Group reiterated a “buy” rating and set a $335.00 price objective on shares of Nucor in a research report on Wednesday. Piper Sandler set a $304.00 price objective on shares of Nucor in a research note on Friday. Finally, Citigroup reissued a “buy” rating on shares of Nucor in a research note on Wednesday, July 29th.

Nucor Price Performance

Shares of Nucor stock opened at $273.47 on Friday. The stock has a 50 day moving average of $253.79 and a 200 day moving average of $223.43. Nucor has a 12 month low of $140.93 and a 12 month high of $280.11. The firm has a market cap of $62.04 billion, a PE ratio of 17.41, a PEG ratio of 0.67 and a beta of 1.84. The company has a current ratio of 2.46, a quick ratio of 1.36 and a debt-to-equity ratio of 0.26.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, October 26th. The basic materials company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.84 by ($0.04). The firm had revenue of $11.25 billion during the quarter, compared to the consensus estimate of $10.84 billion. Nucor had a return on equity of 15.53% and a net margin of 9.26%. The business’s revenue was up 32.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.63 EPS. On average, research analysts expect that Nucor will post 19.61 EPS for the current fiscal year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Wednesday, September 30th will be given a $0.56 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.24 annualized dividend and a yield of 0.8%. Nucor’s dividend payout ratio (DPR) is currently 14.26%.

Insider Activity at Nucor

In other Nucor news, EVP Thomas Batterbee sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the sale, the executive vice president directly owned 16,138 shares of the company’s stock, valued at $4,212,340.76. The trade was a 19.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Noah Hanners sold 5,190 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $275.03, for a total value of $1,427,405.70. Following the sale, the executive vice president owned 44,073 shares in the company, valued at approximately $12,121,397.19. This trade represents a 10.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.62% of the company’s stock.

Institutional Trading of Nucor

A number of institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System boosted its position in Nucor by 19.3% in the first quarter. California Public Employees Retirement System now owns 510,331 shares of the basic materials company’s stock valued at $86,297,000 after buying an additional 82,668 shares during the last quarter. Tidal Investments LLC lifted 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 acquiring an additional 14,736 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Nucor during the 2nd quarter valued at approximately $7,954,000. BIP Wealth LLC purchased a new stake in shares of Nucor in the 2nd quarter valued at $852,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Nucor by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,809,899 shares of the basic materials company’s stock valued at $306,054,000 after acquiring an additional 29,476 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

Nucor News Summary

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Freedom Broker upgraded Nucor from “hold” to “strong buy,” adding to bullish sentiment. Barclays and JPMorgan also forecast significant price appreciation for the shares. Freedom Broker stock recommendations
• Positive Sentiment: Investor attention remains focused on Nucor’s potential exposure to artificial-intelligence infrastructure and broader construction demand, which could support steel volumes and earnings as data-center and infrastructure investment expands. Why Nucor could be an overlooked AI infrastructure winner
• Positive Sentiment: Nucor’s latest quarter showed strong underlying demand: revenue increased 32% year over year to $11.25 billion, exceeding estimates, while earnings per share more than doubled from the prior-year period. The company also declared its regular $0.56 quarterly dividend. Nucor financial information
• Neutral Sentiment: Analyst opinion remains broadly constructive, with a “Moderate Buy” consensus and an average price target of $284, although that target offers limited upside from recent trading levels. Wells Fargo raised its target to $305, while other firms have reduced targets or maintained more cautious ratings. Nucor and Steel Dynamics steel outlook
• Negative Sentiment: Wall Street Zen lowered its rating on Nucor, creating a counterweight to the Freedom Broker upgrade and highlighting uncertainty after the stock’s substantial rally.
• Negative Sentiment: Executive Vice President Noah Hanners sold 5,190 shares worth approximately $1.43 million, reducing his direct ownership by 10.54%. While such sales may be scheduled or personal, insider selling can weigh on sentiment.
• Negative Sentiment: Nucor narrowly missed quarterly EPS expectations, reporting $5.80 versus the $5.84 consensus. Meanwhile, broader markets have been unsettled by the Federal Reserve’s lack of forward guidance and concerns about whether heavy AI investment can be sustained.

About Nucor

Nucor Corporation is a steel producer headquartered in Charlotte, North Carolina. Through its operating subsidiaries, the company manufactures steel and steel products for customers in construction, automotive, energy, heavy equipment, transportation and other industrial markets.

Nucor’s operations include electric arc furnace steel mills, which produce carbon, alloy and galvanized steel products. Its product portfolio includes sheet steel, plate, beams, bars, wire and wire mesh, steel joists, deck, piling, fabricated concrete reinforcing steel and other downstream products.