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

Nucor (NYSE:NUE) had its target price hoisted by research analysts at Barclays from $306.00 to $320.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. Barclays‘s price objective suggests a potential upside of 18.45% from the company’s current price.

NUE has been the topic of a number of other reports. UBS Group upped their target price 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. Zacks Research upgraded Nucor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. JPMorgan Chase & Co. decreased their target price on Nucor from $308.00 to $296.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. KeyCorp lowered their target price on Nucor from $288.00 to $286.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $335.00 price target on shares of Nucor in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.00.

Nucor Price Performance

Shares of NYSE:NUE traded down $0.64 on Wednesday, hitting $270.15. 465,568 shares of the company’s stock were exchanged, compared to its average volume of 1,533,919. Nucor has a 12 month low of $140.93 and a 12 month high of $280.11. The stock has a market capitalization of $61.29 billion, a price-to-earnings ratio of 17.28 and a beta of 1.84. The business’s 50 day simple moving average is $252.47 and its two-hundred day simple moving average is $221.81.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, October 26th. The basic materials company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $5.84 by ($0.04). The firm had revenue of $11.25 billion for the quarter, compared to analysts’ expectations of $10.84 billion. The company’s revenue was up 32.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.63 EPS. Equities analysts forecast that Nucor will post 19.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Thomas J. Batterbee sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $261.02, for a total value of $1,044,080.00. Following the sale, the executive vice president directly owned 16,138 shares in the company, valued at approximately $4,212,340.76. This trade represents a 19.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stephen D. Laxton sold 3,968 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the transaction, the chief operating officer owned 77,867 shares of the company’s stock, valued at approximately $20,008,704.32. This trade represents a 4.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NUE. Transamerica Financial Advisors LLC purchased a new stake in shares of Nucor during the second quarter worth about $25,000. GK Wealth Management LLC acquired a new stake in Nucor in the 3rd quarter worth approximately $28,000. Manning & Napier Advisors LLC acquired a new stake in Nucor in the 2nd quarter worth approximately $27,000. Bell Investment Advisors Inc purchased a new stake in Nucor during the 2nd quarter worth approximately $28,000. Finally, Markowski Investments acquired a new position in Nucor during the 2nd quarter valued at approximately $29,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Strong third-quarter performance: Nucor reported $1.32 billion in net earnings, or $5.80 per diluted share, on $11.25 billion in sales. Revenue increased 32% year over year, while higher steel prices and shipments lifted profitability across the steel mills and steel products segments. The results exceeded some estimates, although they narrowly missed others. Nucor Reports Results for the Third Quarter of 2026
• Positive Sentiment: Constructive near-term outlook: Management expects fourth-quarter earnings to be generally in line with or modestly above the third quarter, with stronger realized pricing expected to offset seasonally lower volumes and higher costs. Record steel-mill shipments and pricing gains contributed to the company’s strongest quarterly performance in more than three years. Nucor Rises After Strong Q3 Results and Confident Fourth-Quarter Outlook
• Positive Sentiment: Growth investments are beginning to contribute: Nucor highlighted strong demand from infrastructure, utilities, automotive and data-center construction. Its West Virginia sheet mill and Berkeley galvanizing line have begun production, while management expects improving prices and greater contributions from these investments to support growth in 2027. Nucor Q3 Earnings Call Highlights Strong Demand and 2027 Growth
• Neutral Sentiment: Capital returns and cash flow remain supportive: Nucor repurchased approximately 2.03 million shares during the quarter and returned about $629 million through buybacks and dividends. However, elevated capital spending and pre-operating costs are expected to continue as new facilities ramp up.
• Negative Sentiment: Insider selling is a cautionary signal: Reported insider activity shows sales by multiple executives and no open-market purchases over the past six months. This may temper investor enthusiasm, particularly after the post-earnings advance. Steel-market cyclicality, higher costs and potentially lower seasonal shipments also remain risks.

About Nucor

Nucor Corporation is a steel producer headquartered in Charlotte, North Carolina. Through its operating subsidiaries, the company manufactures steel and steel products for customers in construction, automotive, energy, heavy equipment, transportation and other industrial markets.

Nucor’s operations include electric arc furnace steel mills, which produce carbon, alloy and galvanized steel products. Its product portfolio includes sheet steel, plate, beams, bars, wire and wire mesh, steel joists, deck, piling, fabricated concrete reinforcing steel and other downstream products.