Nucor (NYSE:NUE) Price Target Raised to $301.00

Nucor (NYSE:NUE) had its price objective lifted by KeyCorp from $286.00 to $301.00 in a research note released on Wednesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the basic materials company’s stock.

Several other research analysts have also commented on the company. Piper Sandler set a $304.00 price target on Nucor in a research report on Friday, October 30th. Freedom Broker raised Nucor from a “hold” rating to a “buy” rating and increased their target price for the stock from $285.00 to $304.00 in a research note on Friday, October 30th. Wall Street Zen cut Nucor from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 31st. Weiss Ratings upgraded Nucor from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 15th. Finally, Wells Fargo & Company lifted their target price on Nucor from $280.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Nucor currently has an average rating of “Moderate Buy” and a consensus target price of $287.38.

Nucor Trading Down 0.4%

Shares of NUE stock traded down $0.93 during trading hours on Wednesday, hitting $244.75. The company had a trading volume of 1,670,551 shares, compared to its average volume of 1,309,180. The company’s fifty day moving average is $255.17 and its 200 day moving average is $225.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.43. Nucor has a fifty-two week low of $140.93 and a fifty-two week high of $287.70. The stock has a market capitalization of $55.53 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 0.68 and a beta of 1.81.

Nucor (NYSE:NUE) last posted its earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $5.84 by ($0.04). Nucor had a net margin of 9.26% and a return on equity of 15.53%. The company had revenue of $11.25 billion during the quarter, compared to analyst estimates of $10.84 billion. During the same quarter last year, the business posted $2.63 EPS. The firm’s revenue for the quarter was up 32.0% on a year-over-year basis. Research analysts expect that Nucor will post 19.63 earnings per share for the current fiscal year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th will be paid a $0.56 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. Nucor’s payout ratio is 14.26%.

Insider Buying and Selling

In other news, COO Stephen Laxton sold 10,560 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $274.98, for a total value of $2,903,788.80. Following the sale, the chief operating officer directly owned 77,867 shares in the company, valued at approximately $21,411,867.66. This trade represents a 11.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Allen C. Behr sold 11,846 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $272.90, for a total value of $3,232,773.40. Following the completion of the sale, the executive vice president owned 58,022 shares in the company, valued at approximately $15,834,203.80. The trade was a 16.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,732 shares of company stock worth $7,881,287 over the last ninety days. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Nucor

Hedge funds have recently bought and sold shares of the stock. Cantor Fitzgerald Investment Advisors L.P. increased its stake in shares of Nucor by 0.5% during the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 8,091 shares of the basic materials company’s stock worth $1,891,000 after buying an additional 40 shares during the period. Signature Equity Partners LLC raised its holdings in Nucor by 34.1% in the third quarter. Signature Equity Partners LLC now owns 165 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 42 shares in the last quarter. Venture Visionary Partners LLC lifted its stake in Nucor by 2.4% in the third quarter. Venture Visionary Partners LLC now owns 1,932 shares of the basic materials company’s stock worth $452,000 after acquiring an additional 46 shares during the last quarter. Smith Thornton Advisors LLC lifted its stake in Nucor by 3.1% in the third quarter. Smith Thornton Advisors LLC now owns 1,545 shares of the basic materials company’s stock worth $361,000 after acquiring an additional 47 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its stake in Nucor by 3.6% in the second quarter. Focus Financial Network Inc. now owns 1,417 shares of the basic materials company’s stock worth $316,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Trending Headlines about Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: A report on the recycled-metals market projects growth from $57.3 billion in 2025 to $99.7 billion by 2032, citing decarbonization, circular-economy policies and supply constraints. Nucor is named among key industry players, giving investors a potential long-term tailwind, though the report does not quantify the impact on Nucor. Recycled Metals Global Strategic Business Report
• Positive Sentiment: Nucor is included among three Dividend Aristocrats rated “Strong Buy” by Wall Street analysts, signaling favorable analyst sentiment. Strong Buy Dividend Aristocrat Stocks
• Neutral Sentiment: A separate market report forecasts global metal recycling growth to $856.9 billion by 2032 and lists Nucor among leading companies. The broader market outlook may be relevant to Nucor, but the article provides no company-specific forecast. Global Metal Recycling Market Report
• Negative Sentiment: Reports said Nucor shares fell sharply in Thursday trading and underperformed competitors. The coverage described the decline without identifying a specific trigger, so it may reflect selling pressure after the stock’s recent advance rather than a newly reported change in company fundamentals. Nucor Stock Underperforms Thursday
• Negative Sentiment: COO Stephen Laxton disclosed the sale of 10,560 shares on Nov. 3, reducing his direct holdings by about 11.9%. Insider sales can weigh on sentiment, though a single transaction does not establish a change in the company’s outlook. Nucor Insider Share Sale

About Nucor

Nucor Corporation is a U.S.-based steel and steel products manufacturer. Its steel mills produce sheet, plate, bar, structural steel and reinforcing bar used in construction, manufacturing, transportation and other industries.

The company also makes downstream products such as steel joists, decking, fasteners, wire products and metal building components. Its operations include recycling ferrous scrap and producing direct reduced iron, materials used in steelmaking.

Nucor traces its roots to 1905 and developed into a steel producer during the mid-20th century.