Nucor (NYSE:NUE) Stock Rating Upgraded by Wall Street Zen

Nucor (NYSE:NUE) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Several other research analysts also recently weighed in on NUE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nucor in a report on Wednesday, October 8th. Wells Fargo & Company raised Nucor from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $147.00 to $167.00 in a research note on Friday. Citigroup upped their price target on Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. UBS Group boosted their target price on shares of Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Morgan Stanley raised their target price on shares of Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.20.

Nucor Stock Up 1.4%

NYSE NUE opened at $147.80 on Monday. Nucor has a 52 week low of $97.59 and a 52 week high of $158.48. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $33.93 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80. The stock’s 50-day moving average price is $140.46 and its 200-day moving average price is $134.79.

Nucor (NYSE:NUE) last released 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. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The company had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the firm posted $1.49 EPS. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. Nucor has set its Q4 2025 guidance at -2.630 EPS. On average, equities research analysts predict that Nucor will post 7.64 earnings per share for the current year.

Insider Buying and Selling

In other Nucor news, EVP John J. Hollatz sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $149.88, for a total value of $1,049,160.00. Following the transaction, the executive vice president directly owned 96,550 shares of the company’s stock, valued at $14,470,914. This trade represents a 6.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Allen C. Behr sold 9,042 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $151.28, for a total value of $1,367,873.76. Following the transaction, the executive vice president owned 73,661 shares in the company, valued at approximately $11,143,436.08. This represents a 10.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,133 shares of company stock valued at $3,624,149 in the last 90 days. 0.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NUE. IMA Advisory Services Inc. increased its stake in Nucor by 51.4% during the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock worth $29,000 after buying an additional 75 shares during the period. Matrix Trust Co grew its stake in shares of Nucor by 53.8% during the second 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 in the last quarter. AXS Investments LLC purchased a new stake in shares of Nucor during the third quarter worth about $37,000. Vision Financial Markets LLC lifted its stake in shares of Nucor by 281.7% in the third quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 200 shares in the last quarter. Finally, Caitlin John LLC purchased a new position in Nucor in the third quarter valued at about $41,000. 76.48% of the stock is currently 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.