Nucor Corporation (NYSE:NUE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Nucor Corporation (NYSE:NUE) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $164.30.

A number of analysts recently commented on NUE shares. Wells Fargo & Company increased their price objective on Nucor from $140.00 to $147.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Bank of America boosted their price objective on shares of Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, September 15th. UBS Group raised their target price on shares of Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. BMO Capital Markets reiterated an “outperform” rating on shares of Nucor in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. upped their target price on Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th.

Nucor Stock Down 0.3%

Shares of NYSE NUE opened at $144.19 on Friday. The firm’s 50-day moving average is $140.53 and its two-hundred day moving average is $133.63. The company has a market capitalization of $33.10 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80. Nucor has a 12-month low of $97.59 and a 12-month high of $161.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51.

Nucor (NYSE:NUE) last issued its quarterly earnings data 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 firm had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. Equities analysts anticipate that Nucor will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Nucor’s dividend payout ratio (DPR) is currently 30.90%.

Insider Activity

In other news, CFO Stephen D. Laxton sold 2,003 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $151.57, for a total transaction of $303,594.71. Following the completion of the sale, the chief financial officer directly owned 88,174 shares in the company, valued at $13,364,533.18. This represents a 2.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kenneth Rex Query sold 10,000 shares of Nucor stock in a transaction on Monday, August 18th. The shares were 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 owned 84,080 shares in the company, valued at $12,183,192. The trade was a 10.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,333 shares of company stock valued at $5,075,189 in the last ninety days. 0.46% of the stock is owned by company insiders.

Hedge Funds Weigh In On Nucor

A number of large investors have recently modified their holdings of NUE. IMA Advisory Services Inc. raised its holdings in Nucor by 51.4% in the second quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after buying an additional 75 shares during the period. Matrix Trust Co raised its stake in shares of Nucor by 53.8% in the 2nd quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 84 shares during the period. AXS Investments LLC purchased a new stake in Nucor during the 3rd quarter worth $37,000. Vision Financial Markets LLC increased its holdings in Nucor by 281.7% in the 3rd quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in Nucor in the second quarter valued at about $39,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

About Nucor

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.