Nucor (NYSE:NUE) Price Target Raised to $240.00 at JPMorgan Chase & Co.

Nucor (NYSE:NUE) had its price target raised by JPMorgan Chase & Co. from $212.00 to $240.00 in a research report released on Wednesday, MarketBeat.com reports. They currently have an overweight rating on the basic materials company’s stock.

A number of other equities research analysts also recently commented on the stock. Seaport Research Partners lifted their target price on shares of Nucor from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $240.00 target price on shares of Nucor in a research report on Wednesday. Wells Fargo & Company lifted their target price on shares of Nucor from $197.00 to $213.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. UBS Group downgraded shares of Nucor from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $190.00 to $224.00 in a research report on Tuesday. Finally, BNP Paribas Exane lifted their target price on shares of Nucor from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $238.00.

Nucor Price Performance

Shares of NYSE NUE opened at $222.39 on Wednesday. Nucor has a twelve month low of $106.21 and a twelve month high of $227.48. The firm has a market cap of $50.63 billion, a P/E ratio of 22.02, a PEG ratio of 0.76 and a beta of 1.73. The company has a 50 day moving average of $180.01 and a 200 day moving average of $168.39. The company has a quick ratio of 1.57, a current ratio of 2.94 and a debt-to-equity ratio of 0.31.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.41. Nucor had a net margin of 6.82% and a return on equity of 10.77%. The company had revenue of $9.50 billion during the quarter, compared to analyst estimates of $8.89 billion. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. As a group, research analysts expect that Nucor will post 12.18 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be issued a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.24 annualized dividend and a yield of 1.0%. Nucor’s dividend payout ratio is currently 29.71%.

Nucor declared that its Board of Directors has authorized a stock repurchase program on Friday, February 20th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the basic materials company to buy up to 9.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Kenneth Rex Query sold 7,452 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $196.02, for a total value of $1,460,741.04. Following the completion of the transaction, the executive vice president owned 76,628 shares of the company’s stock, valued at approximately $15,020,620.56. This represents a 8.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel R. Needham sold 3,881 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $178.00, for a total transaction of $690,818.00. Following the completion of the transaction, the executive vice president directly owned 88,298 shares of the company’s stock, valued at $15,717,044. This represents a 4.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 26,401 shares of company stock valued at $4,936,152. Company insiders own 0.62% of the company’s stock.

Institutional Trading of Nucor

Several hedge funds have recently bought and sold shares of NUE. Stance Capital LLC purchased a new stake in Nucor in the 3rd quarter worth $25,000. Strive Financial Group LLC purchased a new stake in Nucor in the 4th quarter worth $27,000. Motiv8 Investments LLC purchased a new stake in Nucor in the 4th quarter worth $32,000. Mcguire Capital Advisors Inc. purchased a new stake in Nucor in the 4th quarter worth $32,000. Finally, Reflection Asset Management purchased a new stake in Nucor in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor News Roundup

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Q1 results beat expectations: higher volumes, pricing and record steel‑mill shipments drove a meaningful EPS rebound, supporting the company’s outlook and margins. Nucor Q1 Earnings and Revenues Top
• Positive Sentiment: Earnings call highlights and strategic investments: management cited strong demand, trade policy tailwinds and investments in new projects that support medium‑term growth. Nucor Earnings Call Highlights
• Positive Sentiment: Wall Street lifts targets: multiple firms raised price targets (examples: BofA to $250, Wells Fargo to $244, JPMorgan to $240, Jefferies to $250, BMO to $235) after the results, signaling analyst confidence in near‑term earnings strength. Analysts Raise Forecasts on Nucor
• Positive Sentiment: Momentum is strong: sentiment/momentum scores have surged alongside ~38% YTD gains and the Q1 beat, which can attract momentum and quant flows. Nucor Momentum Score Surges
• Neutral Sentiment: Morgan Stanley raises PT but keeps an equal‑weight rating — a sign some analysts see upside limited relative to peers or already priced in. Morgan Stanley Raises PT, Keeps Equal Weight
• Neutral Sentiment: Longer‑term end‑market tailwinds (electrification, data centers) were highlighted as supportive for demand, but these are multi‑quarter drivers rather than immediate catalysts. Electrification and Data Center Megatrends
• Negative Sentiment: Operational/headwind risks remain: management noted trade policy uncertainty and rising energy costs that could pressure margins if conditions worsen. Q1 Earnings Call Highlights
• Negative Sentiment: Valuation caution: some analysts/commentary suggest much of the improvement is already priced into the stock after the YTD rally, which can cap further upside and prompt profit‑taking. Good Results Already Reflected In Valuation

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.