Nucor (NYSE:NUE) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Nucor (NYSE:NUE) had its target price hoisted by Wells Fargo & Company from $167.00 to $178.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 9.57% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. UBS Group increased their price objective on Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Citigroup upped 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. Jefferies Financial Group increased their price target on shares of Nucor from $170.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Nucor in a report on Monday, December 8th. Finally, Wall Street Zen raised shares of Nucor from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Nucor has an average rating of “Moderate Buy” and a consensus price target of $172.80.

Nucor Trading Up 0.3%

Shares of NYSE:NUE opened at $162.46 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. The stock’s 50-day moving average is $149.21 and its 200-day moving average is $141.55. The company has a market cap of $37.18 billion, a P/E ratio of 22.82, a P/E/G ratio of 1.17 and a beta of 1.85. Nucor has a 52-week low of $97.59 and a 52-week high of $168.07.

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

Insider Transactions at Nucor

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

Hedge Funds Weigh In On Nucor

Hedge funds have recently modified their holdings of the stock. Berkshire Hathaway Inc acquired a new stake in Nucor in the 2nd quarter valued at $856,792,000. Norges Bank bought a new position in shares of Nucor during the second quarter valued at $479,858,000. Greenwich Wealth Management LLC bought a new position in shares of Nucor during the second quarter valued at $123,145,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Nucor in the 2nd quarter valued at $105,435,000. Finally, AQR Capital Management LLC grew its holdings in shares of Nucor by 580.9% in the 2nd quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock worth $84,699,000 after purchasing an additional 557,819 shares during the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

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.