Nucor (NYSE:NUE) Price Target Raised to $250.00

Key Points

• Bank of America raised its price target on Nucor to $250 from $190, keeping a "buy" rating and implying roughly an 11.8% upside from the prior close.
• Nucor beat Q1 estimates with $3.23 EPS (vs. $2.82 expected) and $9.50B revenue (vs. $8.89B), citing record mill shipments and strategic capacity investments that helped margin recovery and boosted momentum.
• The board authorized a $4.0 billion share buyback (about 9.7% of shares), even as some insiders have sold stock; analysts' consensus is a "Moderate Buy" with an average target near $230.

Nucor (NYSE:NUE - Get Free Report) had its price target raised by investment analysts at Bank of America from $190.00 to $250.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has a "buy" rating on the basic materials company's stock. Bank of America's target price suggests a potential upside of 11.84% from the company's previous close.

NUE has been the topic of several other reports. Seaport Research Partners increased their price objective on Nucor from $170.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Wells Fargo & Company upped their target price on Nucor from $213.00 to $244.00 and gave the stock an "overweight" rating in a research note on Wednesday. Citigroup reiterated a "buy" rating on shares of Nucor in a research report on Wednesday. Morgan Stanley lifted their price target on shares of Nucor from $180.00 to $227.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $240.00 price objective on shares of Nucor in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $230.00.

Nucor Price Performance

Shares of NYSE NUE traded down $1.58 during mid-day trading on Tuesday, reaching $223.53. 90,764 shares of the company were exchanged, compared to its average volume of 1,665,957. Nucor has a 52 week low of $106.21 and a 52 week high of $227.48. The company's 50 day moving average price is $179.25 and its 200 day moving average price is $168.01. The stock has a market capitalization of $50.88 billion, a PE ratio of 22.08, a PEG ratio of 0.76 and a beta of 1.73. 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 - Get Free Report) last released its earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $2.82 by $0.41. Nucor had a return on equity of 10.77% and a net margin of 6.82%.The business had revenue of $9.50 billion for the quarter, compared to analysts' expectations of $8.89 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The firm's revenue was up 21.3% on a year-over-year basis. Sell-side analysts forecast that Nucor will post 12.18 earnings per share for the current fiscal year.

Nucor declared that its Board of Directors has approved a share buyback program on Friday, February 20th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to purchase up to 9.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Nucor

In related news, EVP Kenneth Rex Query sold 7,452 shares of Nucor 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 transaction, the executive vice president directly owned 76,628 shares of the company's stock, valued at $15,020,620.56. The trade was a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Allen C. Behr sold 7,568 shares of the company's stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $188.50, for a total transaction of $1,426,568.00. Following the sale, the executive vice president owned 67,711 shares of the company's stock, valued at $12,763,523.50. This represents a 10.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 26,401 shares of company stock worth $4,936,152. 0.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Nucor

A number of large investors have recently added to or reduced their stakes in NUE. Stance Capital LLC purchased a new stake in shares of Nucor during the third quarter worth about $25,000. Strive Financial Group LLC purchased a new position in Nucor during the 4th quarter valued at about $27,000. Motiv8 Investments LLC bought a new position in Nucor during the 4th quarter valued at approximately $32,000. Mcguire Capital Advisors Inc. bought a new position in Nucor during the 4th quarter valued at approximately $32,000. Finally, Reflection Asset Management purchased a new stake in Nucor in the 4th quarter worth approximately $36,000. Institutional investors own 76.48% of the company's stock.

Key Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Q1 beat — Nucor reported $3.23 EPS on $9.50B sales (both above estimates), citing higher volumes and pricing that drove margin recovery. Nucor Reports Results for the First Quarter of 2026
• Positive Sentiment: Operational strength — Management highlighted record steel mill shipments and continued strategic investments (new projects and capacity) that support near‑term volume growth. Q1 2026 Earnings Call Highlights
• Positive Sentiment: Analyst upgrades and targets — Multiple firms raised estimates and price targets (e.g., Jefferies and BMO lifted targets), supporting buy-side momentum. These Analysts Raise Their Forecasts On Nucor
• Positive Sentiment: Momentum flows — Market momentum metrics jumped (Benzinga Edge momentum ~91.7) after a 38% YTD gain and the upbeat quarter, which can attract trend-following and quant buying. Nucor Stock's Momentum Score Surges
• Neutral Sentiment: Industry tailwinds — Reports show long-term demand growth for steel (infrastructure, EVs, data centers), which supports sector fundamentals but is a medium/long-term factor. United Kingdom Steel Industry Report 2026
• Neutral Sentiment: Megatrend-driven thesis — Analysts/commentators point to electrification and data center demand supporting Nucor, but note these are multi-quarter plays rather than immediate catalysts. Electrification And Data Center Megatrends
• Negative Sentiment: Rising input costs & policy risks — Management acknowledged higher energy costs and trade‑policy friction that could compress margins if sustained. Q1 2026 Earnings Call Highlights
• Negative Sentiment: Insider selling and valuation — Public filings and market commentary note material insider sales and views that the strong results are already priced in, leaving limited upside from current multiples. Investors Position Ahead of Earnings; Insider Activity Valuation Commentary

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.

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