JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Nucor (NYSE:NUE) Stock

Nucor (NYSE:NUE) had its price target boosted by research analysts at JPMorgan Chase & Co. from $172.00 to $175.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 17.01% from the company’s current price.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and raised their target price for the stock from $135.00 to $170.00 in a research report on Thursday, July 31st. The Goldman Sachs Group dropped their target price on Nucor from $182.00 to $173.00 and set a “buy” rating on the stock in a research report on Monday, September 22nd. Morgan Stanley raised their target price on Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday. Bank of America raised their target price on Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Nucor in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.30.

Nucor Trading Down 3.2%

Shares of NYSE:NUE opened at $149.56 on Wednesday. The stock has a market capitalization of $34.33 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 1.14 and a beta of 1.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. The stock’s 50-day simple moving average is $140.89 and its two-hundred day simple moving average is $131.95. Nucor has a 52-week low of $97.59 and a 52-week high of $170.52.

Nucor (NYSE:NUE) last announced its earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.33. The business had revenue of $8.52 billion for the quarter, compared to analysts’ expectations of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. Analysts expect that Nucor will post 7.64 EPS for the current year.

Insider Activity

In related news, EVP Daniel R. Needham sold 7,200 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $146.00, for a total value of $1,051,200.00. Following the transaction, the executive vice president directly owned 92,179 shares of the company’s stock, valued at approximately $13,458,134. The trade was a 7.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenneth Rex Query sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $144.90, for a total value of $1,449,000.00. Following the completion of the transaction, the executive vice president directly owned 84,080 shares in the company, valued at approximately $12,183,192. This represents a 10.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,288 shares of company stock valued at $3,403,720 in the last ninety days. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NUE. GAMMA Investing LLC lifted its holdings in Nucor by 48.6% in the 1st quarter. GAMMA Investing LLC now owns 4,203 shares of the basic materials company’s stock worth $506,000 after purchasing an additional 1,375 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Nucor by 17.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,595 shares of the basic materials company’s stock worth $3,853,000 after purchasing an additional 4,763 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Nucor by 0.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 118,340 shares of the basic materials company’s stock worth $14,161,000 after purchasing an additional 688 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in Nucor by 17.1% in the 1st quarter. Golden State Wealth Management LLC now owns 3,089 shares of the basic materials company’s stock worth $372,000 after purchasing an additional 451 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC bought a new stake in Nucor in the 1st quarter worth approximately $246,000. 76.48% of the stock is owned by hedge funds and other institutional investors.

Nucor Company Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.