Nucor (NYSE:NUE) Price Target Raised to $182.00

Nucor (NYSE:NUE) had its price objective increased by The Goldman Sachs Group from $173.00 to $182.00 in a research report released on Wednesday,MarketScreener reports. The brokerage currently has a buy rating on the basic materials company’s stock.

NUE has been the topic of a number of other research reports. UBS Group upped their price target on shares of 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 Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and raised their target price for the stock from $135.00 to $170.00 in a research note on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on Nucor from $172.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.20.

Nucor Price Performance

NUE traded up $1.99 on Wednesday, reaching $147.80. The stock had a trading volume of 1,160,452 shares, compared to its average volume of 2,220,146. 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 $33.93 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80. Nucor has a fifty-two week low of $97.59 and a fifty-two week high of $158.48. The firm has a 50-day moving average of $140.46 and a 200-day moving average of $134.57.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.33. The firm had revenue of $8.52 billion during 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 revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, sell-side analysts anticipate that Nucor will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Nucor’s dividend payout ratio is presently 30.90%.

Insider Buying and Selling

In other Nucor news, EVP Allen C. Behr sold 9,042 shares of the business’s stock in a transaction on 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel R. Needham sold 7,200 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the transaction, the executive vice president owned 92,179 shares of the company’s stock, valued at approximately $13,458,134. The trade was a 7.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 41,333 shares of company stock valued at $6,124,349 over the last quarter. Corporate insiders own 0.46% of the company’s stock.

Institutional Trading of Nucor

Several hedge funds and other institutional investors have recently modified their holdings of the business. Berkshire Hathaway Inc purchased a new position in shares of Nucor during the second quarter worth about $856,792,000. Norges Bank purchased a new position in Nucor in the 2nd quarter worth approximately $479,858,000. Diamond Hill Capital Management Inc. purchased a new position in Nucor in the 1st quarter worth approximately $194,804,000. Nuveen LLC bought a new position in shares of Nucor in the 1st quarter worth $141,216,000. Finally, Greenwich Wealth Management LLC purchased a new stake in shares of Nucor during the 2nd quarter valued at $123,145,000. Institutional investors 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.