Nucor (NYSE:NUE) Price Target Raised to $308.00

Nucor (NYSE:NUE) had its price objective boosted by JPMorgan Chase & Co. from $294.00 to $308.00 in a report issued on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the basic materials company’s stock.

A number of other equities analysts also recently issued reports on the stock. Barclays lifted their price objective on shares of Nucor from $272.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Seaport Research Partners raised their price target on shares of Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings upgraded shares of Nucor from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. Argus upped their price objective on shares of Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Zacks Research lowered shares of Nucor from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.38.

Nucor Stock Up 1.5%

NUE stock opened at $259.28 on Wednesday. Nucor has a twelve month low of $131.32 and a twelve month high of $280.11. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average is $251.74 and its 200-day moving average is $223.98. The firm has a market capitalization of $58.82 billion, a PE ratio of 20.68, a P/E/G ratio of 0.94 and a beta of 1.87.

Nucor (NYSE:NUE) last announced its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.38. The company had revenue of $10.40 billion for the quarter, compared to analysts’ expectations of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.Nucor’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.60 earnings per share. Sell-side analysts expect that Nucor will post 18.15 EPS for the current fiscal year.

Insider Activity

In other news, COO Stephen Laxton sold 3,968 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total value of $1,019,617.28. Following the sale, the chief operating officer owned 77,867 shares of the company’s stock, valued at $20,008,704.32. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thomas Batterbee sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the sale, the executive vice president owned 16,138 shares in the company, valued at $4,212,340.76. The trade was a 19.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.62% of the stock is owned by company insiders.

Institutional Investors Weigh In On Nucor

Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its stake in shares of Nucor by 23,029.6% during the 2nd quarter. California State Teachers Retirement System now owns 61,424,649 shares of the basic materials company’s stock valued at $13,682,341,000 after purchasing an additional 61,159,082 shares during the period. BlackRock Inc. bought a new position in Nucor in the 2nd quarter worth about $4,452,563,000. Morgan Stanley boosted its stake in Nucor by 1.1% in the 4th quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock worth $628,497,000 after purchasing an additional 41,728 shares during the period. Norges Bank bought a new position in Nucor in the 4th quarter worth about $609,002,000. Finally, Dimensional Fund Advisors LP grew its holdings in Nucor by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock valued at $429,298,000 after buying an additional 22,718 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

More Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: JPMorgan Chase raised its price target for Nucor to $308, signaling continued confidence in the steelmaker’s earnings outlook and potential upside. JPMorgan Chase Raises Nucor Price Target
• Positive Sentiment: Nucor has outperformed major steel-industry peers over the past year, while Wall Street analysts remain broadly bullish. Stronger relative performance can support investor interest and valuation momentum. Nucor Stock Performance Compared With Other Steel Stocks
• Positive Sentiment: Zacks Research increased its FY2028 EPS forecast for Nucor to $20.40 from $20.11 and raised its Q2 2028 estimate to $5.55 from $5.32. The revisions suggest improved longer-term earnings expectations, although Zacks retains a Hold rating. Zacks Research Nucor Earnings Estimates
• Neutral Sentiment: Industry commentary said Nucor and other steel producers are contending with weak demand but benefiting from higher steel prices. That combination supports margins but leaves results sensitive to demand conditions. Zacks Steel Industry Outlook
• Neutral Sentiment: Analysis of steel tariffs and trade disputes highlights a potentially favorable environment for U.S. producers such as Nucor, while also raising risks from retaliation, policy changes and weaker international trade. Nucor Steel Tariffs and Trade Spats
• Negative Sentiment: Zacks Research lowered its Q3 2026 EPS estimate to $5.90 from $5.95 and its Q4 estimate to $4.81 from $4.86. A separate Zacks report also cited a negative forecast for first-quarter earnings, creating near-term pressure on the outlook. Zacks Negative Nucor Earnings Forecast

About Nucor

Nucor Corporation is a Charlotte, North Carolina-based steel and steel products company. It manufactures carbon, alloy and stainless steel products, including sheet, plate, bar, structural steel, rail, wire rod, rebar and merchant bar. The company also produces steel joists, deck, beams, piling, wire products, fasteners, grating, metal building systems and other fabricated steel products.

Nucor operates an integrated network of electric arc furnace steel mills, recycling facilities and downstream manufacturing operations.