Nucor (NYSE:NUE) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Nucor (NYSE:NUE) from a strong-buy rating to a hold rating in a report published on Monday morning,Zacks.com reports. Zacks Research also issued estimates for Nucor’s Q2 2026 earnings at $4.77 EPS.

Several other analysts have also weighed in on NUE. JPMorgan Chase & Co. lifted their price objective on shares of Nucor from $240.00 to $282.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Jefferies Financial Group raised their price target on shares of Nucor from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. The Goldman Sachs Group lifted their price target on shares of Nucor from $260.00 to $284.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. BNP Paribas Exane raised their target price on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Morgan Stanley boosted their target price on Nucor from $227.00 to $258.00 and gave the company an “equal weight” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.92.

Nucor Stock Down 2.6%

Shares of Nucor stock opened at $222.72 on Monday. Nucor has a one year low of $128.46 and a one year high of $270.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.90 and a quick ratio of 1.55. The stock’s 50-day moving average is $237.13 and its 200 day moving average is $195.96. The firm has a market cap of $50.72 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 0.54 and a beta of 1.88.

Nucor (NYSE:NUE) last released its earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The business had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $8.88 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The firm’s revenue was up 21.3% on a year-over-year basis. Equities research analysts anticipate that Nucor will post 17 EPS for the current year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.56 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.24 annualized dividend and a yield of 1.0%. Nucor’s dividend payout ratio is 22.18%.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Noah C. Hanners sold 6,472 shares of Nucor stock in a transaction on Friday, May 1st. The shares were sold at an average price of $226.50, for a total transaction of $1,465,908.00. Following the transaction, the executive vice president directly owned 50,377 shares of the company’s stock, valued at $11,410,390.50. The trade was a 11.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel R. Needham sold 12,888 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $226.00, for a total transaction of $2,912,688.00. Following the completion of the sale, the executive vice president owned 89,724 shares of the company’s stock, valued at approximately $20,277,624. The trade was a 12.56% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 82,378 shares of company stock worth $18,963,930. 0.62% of the stock is currently owned by insiders.

Institutional Trading of Nucor

Institutional investors and hedge funds have recently modified their holdings of the business. Stance Capital LLC purchased a new stake in shares of Nucor during the 3rd quarter valued at $25,000. Strive Financial Group LLC purchased a new position in shares of Nucor in the 4th quarter worth about $27,000. Motiv8 Investments LLC bought a new position in Nucor during the fourth quarter valued at about $32,000. Bartlett & CO. Wealth Management LLC grew its position in Nucor by 49.2% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock valued at $32,000 after buying an additional 63 shares during the period. Finally, Mcguire Capital Advisors Inc. purchased a new stake in Nucor during the fourth quarter worth about $32,000. 76.48% of the stock is owned by hedge funds and other institutional investors.

Nucor Company Profile

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value?added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.