Nucor (NYSE:NUE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Nucor (NYSE:NUE) from a hold rating to a buy rating in a research report sent to investors on Monday.

NUE has been the subject of a number of other reports. UBS Group boosted their price target on Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a report on Wednesday, October 29th. Jefferies Financial Group upgraded shares of Nucor from a “hold” rating to a “buy” rating and boosted their target price for the company from $135.00 to $170.00 in a research report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on shares of Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Nucor in a research report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $167.20.

Nucor Price Performance

Shares of NUE opened at $148.63 on Monday. The firm has a fifty day simple moving average of $140.84 and a two-hundred day simple moving average of $135.27. The firm has a market cap of $34.02 billion, a PE ratio of 20.88, a P/E/G ratio of 1.14 and a beta of 1.80. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30. Nucor has a 1-year low of $97.59 and a 1-year high of $158.48.

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

Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Nucor’s dividend payout ratio is 30.90%.

Insiders Place Their Bets

In other Nucor news, insider Michael D. Keller sold 6,088 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $148.41, for a total transaction of $903,520.08. Following the completion of the sale, the insider directly owned 22,464 shares of the company’s stock, valued at $3,333,882.24. This trade represents a 21.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stephen D. Laxton sold 2,003 shares of Nucor 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 owned 88,174 shares in the company, valued at approximately $13,364,533.18. The trade was a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,133 shares of company stock worth $3,624,149 over the last quarter. Company insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Nucor

Institutional investors have recently bought and sold shares of the stock. Stance Capital LLC purchased a new stake in Nucor in the 3rd quarter worth $25,000. IMA Advisory Services Inc. increased its holdings in shares of Nucor by 51.4% in the second quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 75 shares during the last quarter. Matrix Trust Co increased its holdings in shares of Nucor by 53.8% in the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 84 shares during the last quarter. AXS Investments LLC purchased a new stake in shares of Nucor in the third quarter worth about $37,000. Finally, Vision Financial Markets LLC boosted its stake in Nucor by 281.7% during the third quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock valued at $37,000 after buying an additional 200 shares during the last quarter. 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.