Wall Street Zen Upgrades Nucor (NYSE:NUE) to “Buy”

Nucor (NYSE:NUE) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other equities analysts also recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Nucor in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their target price on Nucor from $173.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Citigroup boosted their price target on Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. UBS Group increased their price objective on shares of Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Wells Fargo & Company upgraded shares of Nucor from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $147.00 to $167.00 in a research report on Friday, November 14th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Nucor presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.20.

Nucor Stock Performance

NUE opened at $148.55 on Monday. The company has a 50 day simple moving average of $140.70 and a two-hundred day simple moving average of $135.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51. The firm has a market cap of $34.00 billion, a P/E ratio of 20.86, a PEG ratio of 1.14 and a beta of 1.80. Nucor has a 1-year low of $97.59 and a 1-year high of $158.48.

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

Insider Buying and Selling at Nucor

In other Nucor news, EVP John J. Hollatz sold 7,000 shares of Nucor stock in a transaction 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 completion of the transaction, the executive vice president directly owned 96,550 shares of the company’s stock, valued at $14,470,914. This trade represents a 6.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Stephen D. Laxton sold 2,003 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $13,364,533.18. This trade represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 24,133 shares of company stock worth $3,624,149. Company insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. IMA Advisory Services Inc. raised its position in Nucor by 51.4% during the second quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 75 shares during the period. Matrix Trust Co increased its position in shares of Nucor by 53.8% during the 2nd quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 84 shares during the last quarter. AXS Investments LLC bought a new position in shares of Nucor during the 3rd quarter valued at approximately $37,000. Vision Financial Markets LLC raised its holdings in Nucor by 281.7% during the 3rd quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock valued at $37,000 after buying an additional 200 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new stake in Nucor in the second quarter worth $39,000. Institutional investors own 76.48% of the company’s stock.

About Nucor

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.