Nucor (NYSE:NUE) Price Target Raised to $200.00 at JPMorgan Chase & Co.

Nucor (NYSE:NUE) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from $175.00 to $200.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 23.27% from the stock’s current price.

A number of other research firms also recently issued reports on NUE. Citigroup increased their target price on shares of Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group lifted their price objective on Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Wells Fargo & Company raised Nucor from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $147.00 to $167.00 in a research note on Friday, November 14th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a research note on Wednesday, October 29th. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Nucor presently has an average rating of “Moderate Buy” and an average target price of $169.70.

Nucor Stock Down 0.2%

NYSE NUE traded down $0.30 during trading on Friday, reaching $162.24. 356,218 shares of the company’s stock were exchanged, compared to its average volume of 2,162,008. The company has a current ratio of 2.77, a quick ratio of 1.51 and a debt-to-equity ratio of 0.30. Nucor has a fifty-two week low of $97.59 and a fifty-two week high of $166.26. The company’s fifty day simple moving average is $145.14 and its 200-day simple moving average is $138.26. The firm has a market capitalization of $37.13 billion, a PE ratio of 22.81, a P/E/G ratio of 1.20 and a beta of 1.85.

Nucor (NYSE:NUE) last posted its quarterly 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 business had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.27 billion. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 earnings per share. Nucor has set its Q4 2025 guidance at -2.630 EPS. Sell-side analysts predict that Nucor will post 7.64 EPS for the current year.

Insider Activity at Nucor

In other news, EVP John J. Hollatz sold 7,000 shares of Nucor stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $149.88, for a total value of $1,049,160.00. Following the transaction, the executive vice president owned 96,550 shares of the company’s stock, valued at $14,470,914. This trade represents a 6.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen D. Laxton sold 2,003 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $151.57, for a total transaction of $303,594.71. Following the completion of the sale, the chief financial officer owned 88,174 shares of the company’s stock, valued at $13,364,533.18. The trade was a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 18,045 shares of company stock valued at $2,720,628. Corporate insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NUE. Vanguard Group Inc. boosted its holdings in Nucor by 0.7% during the second quarter. Vanguard Group Inc. now owns 29,171,068 shares of the basic materials company’s stock valued at $3,778,820,000 after acquiring an additional 211,741 shares during the period. State Street Corp increased its stake in shares of Nucor by 3.1% in the second quarter. State Street Corp now owns 12,501,779 shares of the basic materials company’s stock worth $1,626,321,000 after purchasing an additional 371,911 shares during the period. Berkshire Hathaway Inc acquired a new position in shares of Nucor during the 2nd quarter worth about $856,792,000. Norges Bank bought a new stake in Nucor during the 2nd quarter valued at approximately $479,858,000. Finally, Capital World Investors grew its holdings in Nucor by 20.1% in the 3rd quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company’s stock valued at $412,081,000 after buying an additional 509,019 shares during the last quarter. 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.