Nucor (NYSE:NUE) Price Target Raised to $200.00

Nucor (NYSE:NUE) had its price target raised by JPMorgan Chase & Co. from $175.00 to $200.00 in a research report report published on Friday,Benzinga reports. The firm currently has an overweight rating on the basic materials company’s stock.

Several other research firms have also commented on NUE. Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. UBS Group lifted their target price on Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. The Goldman Sachs Group boosted their target price on shares of Nucor from $173.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Nucor in a report on Monday, December 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.70.

Nucor Trading Down 1.9%

NYSE:NUE opened at $159.43 on Friday. The firm has a 50-day simple moving average of $145.56 and a 200-day simple moving average of $138.92. Nucor has a one year low of $97.59 and a one year high of $166.26. The firm has a market cap of $36.49 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.16 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77.

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

Nucor Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, December 31st will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 31st. This is an increase from Nucor’s previous quarterly dividend of $0.55. Nucor’s payout ratio is 30.90%.

Insider Buying and Selling

In other Nucor news, CFO Stephen D. Laxton sold 2,003 shares of the business’s 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 of the company’s stock, valued at approximately $13,364,533.18. The trade was a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Allen C. Behr sold 9,042 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the transaction, the executive vice president owned 73,661 shares in the company, valued at $11,143,436.08. The trade was a 10.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,045 shares of company stock worth $2,720,628 in the last three months. Corporate insiders own 0.71% of the company’s stock.

Institutional Trading of Nucor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NUE. Stance Capital LLC acquired a new position in shares of Nucor in the third quarter valued at about $25,000. IMA Advisory Services Inc. lifted its holdings in shares of Nucor by 51.4% during 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 period. Matrix Trust Co boosted its position in Nucor by 53.8% in the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock valued at $31,000 after buying an additional 84 shares during the last quarter. AXS Investments LLC purchased a new stake in Nucor in the third quarter valued at approximately $37,000. Finally, Vision Financial Markets LLC increased its holdings in Nucor by 281.7% in the 3rd quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock worth $37,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 76.48% of the company’s stock.

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.