Nucor (NYSE:NUE) Stock Price Target Raised at Barclays

Key Points

• Barclays raised its Nucor price target from $320 to $345 and maintained an “overweight” rating, implying 32.36% upside from the prior close.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $288.94, with 14 Buy and one Strong Buy rating among analysts surveyed.
• Nucor’s latest quarterly revenue rose 32% year over year to $11.25 billion, beating estimates, while earnings per share of $5.80 narrowly missed the $5.84 consensus.

Nucor (NYSE:NUE - Get Free Report) had its price target boosted by Barclays from $320.00 to $345.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the basic materials company's stock. Barclays's price objective indicates a potential upside of 32.36% from the company's previous close.

A number of other brokerages have also commented on NUE. The Goldman Sachs Group reiterated a "buy" rating and set a $335.00 price target on shares of Nucor in a report on Wednesday, October 28th. Morgan Stanley set a $270.00 target price on shares of Nucor in a research report on Wednesday, July 29th. UBS Group raised their price target on shares of Nucor from $224.00 to $256.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 28th. Wells Fargo & Company upped their price objective on Nucor from $280.00 to $305.00 and gave the company an "overweight" rating in a research note on Wednesday, October 28th. Finally, Piper Sandler set a $304.00 price objective on Nucor in a report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $288.94.

Nucor Price Performance

NUE stock traded down $0.74 during midday trading on Thursday, hitting $260.65. 448,890 shares of the stock were exchanged, compared to its average volume of 1,545,679. The stock's 50-day moving average price is $255.48 and its 200-day moving average price is $226.77. The stock has a market cap of $59.14 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 0.63 and a beta of 1.81. Nucor has a fifty-two week low of $143.41 and a fifty-two week high of $287.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.43 and a current ratio of 2.46.

Nucor (NYSE:NUE - Get Free Report) last posted its earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share for the quarter, missing the consensus estimate of $5.84 by ($0.04). Nucor had a net margin of 9.26% and a return on equity of 15.53%. The firm had revenue of $11.25 billion during the quarter, compared to analyst estimates of $10.84 billion. During the same period last year, the company posted $2.63 EPS. The firm's revenue for the quarter was up 32.0% on a year-over-year basis. Research analysts predict that Nucor will post 19.63 earnings per share for the current year.

Insider Activity

In other Nucor news, COO Stephen D. Laxton sold 10,560 shares of the firm's stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $274.98, for a total value of $2,903,788.80. Following the sale, the chief operating officer owned 77,867 shares of the company's stock, valued at $21,411,867.66. This trade represents a 11.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Allen Behr sold 11,846 shares of the stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $272.90, for a total transaction of $3,232,773.40. Following the sale, the executive vice president owned 58,022 shares of the company's stock, valued at approximately $15,834,203.80. This represents a 16.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 28,732 shares of company stock valued at $7,881,287. 0.62% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nucor

Several institutional investors and hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System increased its stake in shares of Nucor by 19.3% in the 1st quarter. California Public Employees Retirement System now owns 510,331 shares of the basic materials company's stock worth $86,297,000 after purchasing an additional 82,668 shares in the last quarter. Tidal Investments LLC increased its position in Nucor by 31.2% in the second quarter. Tidal Investments LLC now owns 61,952 shares of the basic materials company's stock worth $13,800,000 after buying an additional 14,736 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Nucor in the second quarter worth about $7,954,000. BIP Wealth LLC bought a new position in shares of Nucor in the second quarter worth about $852,000. Finally, Bank of New York Mellon Corp raised its stake in Nucor by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,809,899 shares of the basic materials company's stock worth $306,054,000 after acquiring an additional 29,476 shares during the period. Hedge funds and other institutional investors own 76.48% of the company's stock.

Trending Headlines about Nucor

Here are a few of the latest headlines about NUE:

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $21.46 from $19.44 and upgraded several quarterly estimates, while maintaining a “Strong-Buy” rating. These revisions suggest expectations for earnings growth, though they are not uniform. Nucor analyst estimates and coverage
• Neutral Sentiment: A separate Zacks article highlights NUE as a long-term value-stock candidate, but the provided summary offers no additional company-specific data or fresh catalyst. Why Nucor is a Top Value Stock for the Long-Term
• Negative Sentiment: Some forecasts were cut, including Q4 2026 EPS to $6.04 from $6.84 and Q3 2028 EPS to $5.50 from $6.05; the FY2028 estimate also edged lower. These reductions temper the otherwise positive earnings outlook. Nucor analyst estimates and coverage

About Nucor

Nucor Corporation is a U.S.-based steel and steel products manufacturer. Its steel mills produce sheet, plate, bar, structural steel and reinforcing bar used in construction, manufacturing, transportation and other industries. The company also makes downstream products such as steel joists, decking, fasteners, wire products and metal building components. Its operations include recycling ferrous scrap and producing direct reduced iron, materials used in steelmaking. Nucor traces its roots to 1905 and developed into a steel producer during the mid-20th century.

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