Nucor Corporation (NYSE:NUE) Stock Has Consensus Target Price of $276.86 According to Analysts

Shares of Nucor Corporation (NYSE:NUE) have received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $282.57.

Several equities analysts have recently commented on NUE shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $335.00 target price on shares of Nucor in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on Nucor from $296.00 to $304.00 and gave the stock an “overweight” rating in a research note on Wednesday. Freedom Broker cut Nucor from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $305.00 to $285.00 in a research report on Friday, September 18th. Weiss Ratings upgraded Nucor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 15th. Finally, Citigroup reissued a “buy” rating on shares of Nucor in a report on Wednesday, July 29th.

Nucor Stock Performance

Shares of NUE stock opened at $275.32 on Friday. Nucor has a 52 week low of $140.93 and a 52 week high of $280.11. The company has a market capitalization of $62.47 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 0.67 and a beta of 1.84. The company has a 50-day simple moving average of $253.14 and a 200 day simple moving average of $222.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.36 and a current ratio of 2.46.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $5.84 by ($0.04). The company had revenue of $11.25 billion during the quarter, compared to the consensus estimate of $10.84 billion. Nucor had a net margin of 9.26% and a return on equity of 15.53%. The firm’s revenue was up 32.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.63 earnings per share. On average, sell-side analysts predict that Nucor will post 19.59 earnings per share for the current year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Wednesday, September 30th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Nucor’s dividend payout ratio (DPR) is currently 14.26%.

Key Stories Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Strong Q3 revenue and demand outlook: Nucor reported $11.25 billion in third-quarter revenue, up 32% year over year and ahead of expectations. Management described demand as the strongest in the CEO’s 31 years with the company, supported by data centers, power-grid investment, infrastructure and other end markets. Nucor’s CEO Says He’s Seeing the Strongest Steel Demand in His 31 Years at the Company
• Positive Sentiment: 2027 growth drivers are gaining visibility: Nucor expects improving steel prices and greater contributions from recent investments and newly added capacity. Tariff protection could also support domestic pricing and volumes, strengthening the outlook beyond the current quarter. Nucor: Tariff Tailwinds And New Capacity Set Up A Stronger 2027
• Positive Sentiment: Analyst support increased: JPMorgan raised its price target to $304 from $296 and maintained an overweight rating, while Barclays lifted its target to $320 from $306. The revisions indicate that analysts see further upside after the earnings-driven rally.
• Neutral Sentiment: Near-term guidance is constructive but measured: Management expects fourth-quarter results to be in line with or modestly above the third quarter, suggesting continued momentum but not an acceleration comparable to the latest quarter. Nucor Q3 Earnings Call Highlights Strong Demand and 2027 Growth
• Negative Sentiment: Costs and execution remain risks: Despite the revenue beat, quarterly EPS of $5.80 narrowly missed the $5.84 consensus estimate. Management also cited cost and shipment pressures, which could limit margins if steel prices or operating performance weaken.

Insiders Place Their Bets

In other Nucor news, EVP Thomas Batterbee sold 4,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $261.02, for a total value of $1,044,080.00. Following the completion of the sale, the executive vice president owned 16,138 shares of the company’s stock, valued at $4,212,340.76. The trade was a 19.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is owned by company insiders.

Institutional Trading of Nucor

A number of institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System grew its stake in shares of Nucor by 19.3% during the first quarter. California Public Employees Retirement System now owns 510,331 shares of the basic materials company’s stock worth $86,297,000 after buying an additional 82,668 shares during the last quarter. Tidal Investments LLC raised its position in shares of Nucor by 31.2% during the second quarter. Tidal Investments LLC now owns 61,952 shares of the basic materials company’s stock worth $13,800,000 after acquiring an additional 14,736 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Nucor during the 2nd quarter worth approximately $7,954,000. BIP Wealth LLC acquired a new position in Nucor in the second quarter valued at $852,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Nucor by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,809,899 shares of the basic materials company’s stock valued at $306,054,000 after purchasing an additional 29,476 shares during the period. 76.48% of the stock is currently owned by institutional investors.

Nucor Company Profile

Nucor Corporation is a steel producer headquartered in Charlotte, North Carolina. Through its operating subsidiaries, the company manufactures steel and steel products for customers in construction, automotive, energy, heavy equipment, transportation and other industrial markets.

Nucor’s operations include electric arc furnace steel mills, which produce carbon, alloy and galvanized steel products. Its product portfolio includes sheet steel, plate, beams, bars, wire and wire mesh, steel joists, deck, piling, fabricated concrete reinforcing steel and other downstream products.