Nucor (NYSE:NUE) Rating Lowered to Hold at Wall Street Zen

Nucor (NYSE:NUE) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other brokerages have also recently issued reports on NUE. The Goldman Sachs Group boosted their price objective on shares of Nucor from $173.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Wells Fargo & Company set a $176.00 price target on shares of Nucor in a report on Thursday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nucor in a research note on Monday. Citigroup lifted their target price on Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Morgan Stanley increased their price target on Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.60.

Nucor Trading Up 0.6%

NYSE NUE opened at $158.78 on Friday. Nucor has a 12 month low of $97.59 and a 12 month high of $168.07. The stock has a 50-day simple moving average of $150.56 and a 200 day simple moving average of $142.06. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $36.34 billion, a PE ratio of 22.30, a P/E/G ratio of 1.22 and a beta of 1.85.

Nucor (NYSE:NUE) last issued its 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. The firm had revenue of $8.52 billion for 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 company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. Research analysts forecast that Nucor will post 7.64 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Allen C. Behr sold 9,042 shares of Nucor stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $151.28, for a total value of $1,367,873.76. Following the sale, the executive vice president owned 73,661 shares of the company’s stock, valued at approximately $11,143,436.08. The trade was a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen D. Laxton sold 2,003 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $151.57, for a total value of $303,594.71. Following the sale, the chief financial officer owned 88,174 shares in the company, valued at $13,364,533.18. The trade was a 2.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,045 shares of company stock valued at $2,720,628 in the last three months. 0.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Stance Capital LLC acquired a new stake in shares of Nucor in the 3rd quarter valued at approximately $25,000. IMA Advisory Services Inc. lifted its stake in Nucor by 51.4% in the second quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 75 shares during the last quarter. Matrix Trust Co lifted its stake 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 acquiring an additional 84 shares during the last quarter. AXS Investments LLC bought a new position in shares of Nucor in the 3rd quarter valued at about $37,000. Finally, Vision Financial Markets LLC increased its stake in shares of Nucor by 281.7% during the 3rd quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Company Profile

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.