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

Nucor Corporation (NYSE:NUE) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $167.20.

Several equities research analysts have recently weighed in on NUE shares. Bank of America upped their target price on shares of Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, September 15th. JPMorgan Chase & Co. upped their price objective on shares of Nucor from $172.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Citigroup lifted their target price on shares of Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. BMO Capital Markets restated an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Finally, Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a report on Monday, November 17th.

Insiders Place Their Bets

In other news, CFO Stephen D. Laxton sold 2,003 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $151.57, for a total transaction of $303,594.71. Following the sale, the chief financial officer directly owned 88,174 shares of the company’s stock, valued at $13,364,533.18. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John J. Hollatz sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $149.88, for a total transaction of $1,049,160.00. Following the completion of the transaction, the executive vice president owned 96,550 shares of the company’s stock, valued at $14,470,914. This trade represents a 6.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,045 shares of company stock valued at $2,720,628 in the last 90 days. 0.71% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Nucor

Several hedge funds and other institutional investors have recently made changes to their positions in NUE. Berkshire Hathaway Inc bought a new position in Nucor in the second quarter valued at about $856,792,000. Norges Bank bought a new position in shares of Nucor in the 2nd quarter valued at about $479,858,000. Nuveen LLC acquired a new stake in shares of Nucor during the 1st quarter worth approximately $141,216,000. Greenwich Wealth Management LLC acquired a new stake in shares of Nucor during the 2nd quarter worth approximately $123,145,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Nucor during the second quarter worth approximately $105,435,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Trading Up 2.2%

NUE stock opened at $164.70 on Thursday. Nucor has a 1-year low of $97.59 and a 1-year high of $166.27. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $144.58 and its 200-day moving average is $138.09. The firm has a market cap of $37.69 billion, a P/E ratio of 23.13, a P/E/G ratio of 1.17 and a beta of 1.85.

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

Nucor Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, December 31st will be issued a $0.56 dividend. This is a positive change from Nucor’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 31st. Nucor’s dividend payout ratio (DPR) is presently 30.90%.

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.