Analysts Set Nucor Corporation (NYSE:NUE) Target Price at $272.38

Shares of Nucor Corporation (NYSE:NUE) have received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $274.3846.

NUE has been the subject of several research reports. Zacks Research cut Nucor from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Bank of America decreased their price objective on Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, July 9th. BMO Capital Markets upped their price objective on shares of Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group upped their price objective on shares of Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, KeyCorp upgraded shares of Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 target price on the stock in a report on Wednesday, June 24th.

Insider Activity at Nucor

In other news, EVP Thomas Batterbee sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total value of $1,044,080.00. Following the completion of the sale, the executive vice president owned 16,138 shares of the company’s stock, valued at approximately $4,212,340.76. This represents a 19.86% 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 3,968 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the transaction, the chief operating officer owned 77,867 shares in the company, valued at approximately $20,008,704.32. This represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Nucor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its stake in shares of Nucor by 23,029.6% during the 2nd quarter. California State Teachers Retirement System now owns 61,424,649 shares of the basic materials company’s stock worth $13,682,341,000 after purchasing an additional 61,159,082 shares during the last quarter. BlackRock Inc. purchased a new position in Nucor in the second quarter valued at about $4,452,563,000. Morgan Stanley raised its holdings in Nucor by 1.1% in the fourth quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock worth $628,497,000 after purchasing an additional 41,728 shares in the last quarter. Norges Bank bought a new position in Nucor in the fourth quarter worth about $609,002,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Nucor by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock valued at $429,298,000 after buying an additional 22,718 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Performance

Nucor stock opened at $259.28 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.36 and a current ratio of 2.51. The company has a market capitalization of $58.82 billion, a PE ratio of 20.68, a P/E/G ratio of 0.94 and a beta of 1.87. The company has a 50 day moving average price of $251.74 and a 200-day moving average price of $223.98. Nucor has a fifty-two week low of $131.32 and a fifty-two week high of $280.11.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.38. The company had revenue of $10.40 billion for the quarter, compared to analysts’ expectations of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.Nucor’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.60 earnings per share. As a group, equities analysts forecast that Nucor will post 18.15 earnings per share for the current year.

Key Headlines Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: JPMorgan Chase raised its price target for Nucor to $308, signaling continued confidence in the steelmaker’s earnings outlook and potential upside. JPMorgan Chase Raises Nucor Price Target
• Positive Sentiment: Nucor has outperformed major steel-industry peers over the past year, while Wall Street analysts remain broadly bullish. Stronger relative performance can support investor interest and valuation momentum. Nucor Stock Performance Compared With Other Steel Stocks
• Positive Sentiment: Zacks Research increased its FY2028 EPS forecast for Nucor to $20.40 from $20.11 and raised its Q2 2028 estimate to $5.55 from $5.32. The revisions suggest improved longer-term earnings expectations, although Zacks retains a Hold rating. Zacks Research Nucor Earnings Estimates
• Neutral Sentiment: Industry commentary said Nucor and other steel producers are contending with weak demand but benefiting from higher steel prices. That combination supports margins but leaves results sensitive to demand conditions. Zacks Steel Industry Outlook
• Neutral Sentiment: Analysis of steel tariffs and trade disputes highlights a potentially favorable environment for U.S. producers such as Nucor, while also raising risks from retaliation, policy changes and weaker international trade. Nucor Steel Tariffs and Trade Spats
• Negative Sentiment: Zacks Research lowered its Q3 2026 EPS estimate to $5.90 from $5.95 and its Q4 estimate to $4.81 from $4.86. A separate Zacks report also cited a negative forecast for first-quarter earnings, creating near-term pressure on the outlook. Zacks Negative Nucor Earnings Forecast

About Nucor

Nucor Corporation is a Charlotte, North Carolina-based steel and steel products company. It manufactures carbon, alloy and stainless steel products, including sheet, plate, bar, structural steel, rail, wire rod, rebar and merchant bar. The company also produces steel joists, deck, beams, piling, wire products, fasteners, grating, metal building systems and other fabricated steel products.

Nucor operates an integrated network of electric arc furnace steel mills, recycling facilities and downstream manufacturing operations.