Nucor (NYSE:NUE) Stock Gets Downgrade from Wall Street Zen

Nucor (NYSE:NUE) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Monday, Wall Street Zen reports.

Other equities analysts have also recently issued research reports about the company. Barclays boosted their target price on Nucor from $272.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. KeyCorp reduced their price target on Nucor from $288.00 to $286.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Zacks Research cut Nucor from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. JPMorgan Chase & Co. decreased their price target on Nucor from $308.00 to $296.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Finally, Wells Fargo & Company decreased their price target on Nucor from $285.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $276.07.

Nucor Stock Up 0.8%

Shares of NYSE:NUE opened at $253.81 on Monday. The company has a market cap of $57.58 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 0.62 and a beta of 1.84. The firm’s 50-day simple moving average is $254.74 and its 200-day simple moving average is $236.61. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor has a fifty-two week low of $131.32 and a fifty-two week high of $280.11.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.38. The business had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.15 billion. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.60 earnings per share. As a group, equities research analysts predict that Nucor will post 19.62 earnings per share for the current year.

Insider Transactions at Nucor

In related news, COO Stephen D. Laxton sold 3,968 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 77,867 shares of the company’s stock, valued at $20,008,704.32. This trade represents a 4.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas J. Batterbee sold 4,000 shares of Nucor 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 transaction, the executive vice president directly owned 16,138 shares of the company’s stock, valued at $4,212,340.76. This trade represents a 19.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. raised its holdings in shares of Nucor by 5.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 2,645 shares of the basic materials company’s stock worth $618,000 after acquiring an additional 130 shares during the last quarter. Courier Capital LLC raised its stake in Nucor by 100.0% during the third quarter. Courier Capital LLC now owns 3,490 shares of the basic materials company’s stock worth $816,000 after purchasing an additional 1,745 shares during the period. Sax Wealth Advisors LLC raised its position in shares of Nucor by 224.2% in the 3rd quarter. Sax Wealth Advisors LLC now owns 7,926 shares of the basic materials company’s stock worth $1,853,000 after buying an additional 5,481 shares during the period. NorthCrest Asset Manangement LLC purchased a new position in shares of Nucor in the 3rd quarter worth about $218,000. Finally, Avior Wealth Management LLC lifted its position in Nucor by 3.5% during the third quarter. Avior Wealth Management LLC now owns 1,506 shares of the basic materials company’s stock valued at $352,000 after buying an additional 51 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Key Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Nucor will invest $105 million to expand utility-tower and pole production in Indiana. The project will add advanced automation and approximately 100 jobs, positioning the company to benefit from rising electricity demand and grid-infrastructure spending. Nucor Expands Utility Towers Capacity With $105M Investment
• Positive Sentiment: Zacks Research raised its fiscal 2028 EPS forecast to $21.21 from $20.40, suggesting stronger longer-term earnings potential despite reductions to some quarterly estimates. Nucor analyst estimates
• Neutral Sentiment: Nucor announced a webcast for its third-quarter 2026 earnings call. Investors will focus on steel pricing, demand, margins and management’s outlook for the remainder of the year. Nucor Invites You to Join Its Third Quarter of 2026 Conference Call on the Web
• Negative Sentiment: Zacks Research cut its Q3 2026 EPS estimate to $5.61 from $5.90 and reduced its Q3 2027 estimate to $5.13 from $5.23. The revisions indicate softer expected near-term earnings, although the firm maintains a “Hold” rating. Nucor earnings estimate revisions

Nucor Company Profile

Nucor Corporation is a Charlotte, North Carolina-based steel producer and one of the largest steel companies in North America. The company operates electric arc furnace (EAF) steel mills that use recycled scrap steel as a primary raw material, along with facilities that manufacture and process steel products for construction, manufacturing, transportation, energy and other industrial markets.

Nucor’s product portfolio includes carbon and alloy steel in sheet, plate, bar and structural forms, as well as reinforcing steel, wire and wire mesh.