Argus Issues Positive Forecast for Nucor (NYSE:NUE) Stock Price

Posted by John Perry on May 16th, 2026

Nucor (NYSE:NUE – Free Report) had its price objective boosted by Argus from $200.00 to $262.00 in a report issued on Friday morning,MarketScreener reports. Argus currently has a buy rating on the basic materials company’s stock.

Other equities analysts have also issued research reports about the stock. Seaport Research Partners reaffirmed a “buy” rating and set a $245.00 target price on shares of Nucor in a report on Thursday, April 30th. Morgan Stanley increased their target price on shares of Nucor from $180.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. increased their target price on shares of Nucor from $212.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Bank of America increased their target price on shares of Nucor from $190.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, The Goldman Sachs Group increased their target price on shares of Nucor from $240.00 to $260.00 in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.45.

Check Out Our Latest Report on NUE

Nucor Trading Down 2.6%

NYSE NUE opened at $226.78 on Friday. The stock’s 50-day simple moving average is $190.48 and its two-hundred day simple moving average is $174.91. Nucor has a twelve month low of $106.21 and a twelve month high of $235.45. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $51.62 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 0.62 and a beta of 1.87.

Nucor (NYSE:NUE – Get Free Report) last released its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The business had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.88 billion. During the same quarter last year, the business posted $0.77 earnings per share. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. Research analysts forecast that Nucor will post 14.66 EPS for the current fiscal year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Tuesday, March 31st were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.24 annualized dividend and a dividend yield of 1.0%. Nucor’s dividend payout ratio (DPR) is currently 22.18%.

Nucor announced that its Board of Directors has initiated a share repurchase program on Friday, February 20th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 9.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Nucor news, insider Michael D. Keller sold 4,554 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $225.86, for a total value of $1,028,566.44. Following the sale, the insider owned 16,834 shares of the company’s stock, valued at $3,802,127.24. This trade represents a 21.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bradley Ford sold 2,240 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $232.13, for a total transaction of $519,971.20. Following the completion of the sale, the executive vice president directly owned 43,649 shares in the company, valued at approximately $10,132,242.37. This trade represents a 4.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 69,318 shares of company stock worth $15,672,093. 0.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Nucor

Large investors have recently added to or reduced their stakes in the company. Stance Capital LLC bought a new stake in Nucor in the 3rd quarter worth $25,000. Strive Financial Group LLC purchased a new stake in shares of Nucor in the 4th quarter worth about $27,000. Motiv8 Investments LLC purchased a new stake in shares of Nucor in the 4th quarter worth about $32,000. Bartlett & CO. Wealth Management LLC lifted its position in shares of Nucor by 49.2% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 63 shares during the period. Finally, Mcguire Capital Advisors Inc. purchased a new stake in shares of Nucor in the 4th quarter worth about $32,000. Institutional investors own 76.48% of the company’s stock.

Key Headlines Impacting Nucor

Here are the key news stories impacting Nucor this week:

Positive Sentiment: Argus raised its price target on Nucor to $262 from $200 and reiterated a Buy rating, implying meaningful upside from the current share price. Argus adjusts price target on Nucor to 262 from 200, maintains buy rating
Positive Sentiment: Zacks Research upgraded Nucor from Hold to Strong Buy, adding to the bullish analyst sentiment around the stock.
Positive Sentiment: Recent commentary highlighted Nucor’s strong first quarter, with record shipments, higher steel selling prices, improved metal margins, and management guidance for higher consolidated earnings in Q2. Should Record Q1 2026 Shipments and Higher Q2 Outlook Require Action From Nucor (NUE) Investors?
Positive Sentiment: Another earnings-focused analysis said Nucor’s latest quarter was driven by stronger steel prices and record shipments, reinforcing the view that profits and sales momentum remain solid. Evaluating Nucor (NUE) After Earnings Fueled By Strong Steel Prices And Record Shipments
Neutral Sentiment: Broader sector headlines were mixed: National Steel reported a Q1 earnings miss due to softer steel demand, imports, and weather-related pressure, which could temper enthusiasm for the steel group overall. National Steel Q1 Earnings Miss Estimates on Softer Steel Demand
Neutral Sentiment: Analyst debate continues around tariff effects, profitability, and Nucor’s growth projects, but the revised fair-value estimates suggest expectations are trending higher overall. How The Nucor (NUE) Investment Story Is Shifting With New Analyst Views And Tariff News

About Nucor

(Get Free Report)

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value?added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.