Nucor (NYSE:NUE) Stock Price Target Raised at Barclays

Nucor (NYSE:NUE) had its price target hoisted by equities researchers at Barclays from $320.00 to $345.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. Barclays‘s price objective suggests a potential upside of 32.36% from the stock’s previous close.

Several other equities analysts have also recently weighed in on NUE. Morgan Stanley set a $270.00 target price on shares of Nucor in a research note on Wednesday, July 29th. Freedom Broker upgraded shares of Nucor from a “hold” rating to a “buy” rating and boosted their price target for the stock from $285.00 to $304.00 in a research note on Friday, October 30th. Wells Fargo & Company increased their price objective on shares of Nucor from $280.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. The Goldman Sachs Group restated a “buy” rating and set a $335.00 price objective on shares of Nucor in a research report on Wednesday, October 28th. Finally, Piper Sandler set a $304.00 price target on Nucor in a research note on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $288.94.

Nucor Price Performance

NYSE NUE traded down $0.74 during trading hours on Thursday, reaching $260.65. The company’s stock had a trading volume of 448,890 shares, compared to its average volume of 1,545,679. The firm’s 50-day moving average price is $255.48 and its 200-day moving average price is $226.77. The company has a quick ratio of 1.43, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. Nucor has a 1 year low of $143.41 and a 1 year high of $287.70. The company has a market capitalization of $59.14 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 0.63 and a beta of 1.81.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, October 26th. The basic materials company reported $5.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.84 by ($0.04). The company had revenue of $11.25 billion for the quarter, compared to analysts’ expectations of $10.84 billion. Nucor had a net margin of 9.26% and a return on equity of 15.53%. The company’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same period last year, the business earned $2.63 earnings per share. On average, equities research analysts predict that Nucor will post 19.63 EPS for the current fiscal year.

Insider Buying and Selling at Nucor

In other news, EVP Allen C. Behr sold 11,846 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $272.90, for a total value of $3,232,773.40. Following the completion of the sale, the executive vice president owned 58,022 shares of the company’s stock, valued at approximately $15,834,203.80. This represents a 16.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stephen Laxton sold 10,560 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $274.98, for a total transaction of $2,903,788.80. Following the transaction, the chief operating officer owned 77,867 shares in the company, valued at approximately $21,411,867.66. This represents a 11.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,732 shares of company stock worth $7,881,287 over the last quarter. 0.62% of the stock is currently owned by company insiders.

Institutional Trading of Nucor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Transamerica Financial Advisors LLC purchased a new stake in shares of Nucor during the 2nd quarter worth $25,000. Manning & Napier Advisors LLC purchased a new position in Nucor in the second quarter valued at about $27,000. Bell Investment Advisors Inc purchased a new position in Nucor in the second quarter valued at about $28,000. GK Wealth Management LLC purchased a new position in Nucor in the third quarter valued at about $28,000. Finally, Next Level Wealth Planning LLC bought a new position in Nucor in the third quarter worth about $28,000. Institutional investors own 76.48% of the company’s stock.

Nucor News Summary

These are some of the NUE news items that stood out recently:

• Positive Sentiment: A report attributes Nucor’s roughly 81.6% year-long gain to higher steel prices, record shipments and strong earnings. Capacity expansions and acquisitions are also presented as potential sources of future growth, supporting the bullish outlook. NUE Surges 82% in a Year: Should You Add the Stock to Your Portfolio?
• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $21.46 from $19.44 and upgraded several quarterly estimates, while maintaining a “Strong-Buy” rating. These revisions suggest expectations for earnings growth, though they are not uniform. Nucor analyst estimates and coverage
• Negative Sentiment: Some forecasts were cut, including Q4 2026 EPS to $6.04 from $6.84 and Q3 2028 EPS to $5.50 from $6.05; the FY2028 estimate also edged lower. These reductions temper the otherwise positive earnings outlook. Nucor analyst estimates and coverage

Nucor Company Profile

Nucor Corporation is a U.S.-based steel and steel products manufacturer. Its steel mills produce sheet, plate, bar, structural steel and reinforcing bar used in construction, manufacturing, transportation and other industries. The company also makes downstream products such as steel joists, decking, fasteners, wire products and metal building components. Its operations include recycling ferrous scrap and producing direct reduced iron, materials used in steelmaking. Nucor traces its roots to 1905 and developed into a steel producer during the mid-20th century.