Brokerages Set Nucor Corporation (NYSE:NUE) Target Price at $179.36

Nucor Corporation (NYSE:NUE) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $179.3636.

Several research analysts have recently weighed in on the stock. BNP Paribas Exane boosted their price objective on shares of Nucor from $165.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Jefferies Financial Group raised their price objective on Nucor from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Citigroup lifted their target price on Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, UBS Group downgraded shares of Nucor from a “buy” rating to a “neutral” rating and set a $183.00 price objective on the stock. in a report on Wednesday, January 28th.

Insider Transactions at Nucor

In related news, EVP Kenneth Rex Query sold 7,452 shares of Nucor stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $196.02, for a total transaction of $1,460,741.04. Following the completion of the sale, the executive vice president directly owned 76,628 shares of the company’s stock, valued at approximately $15,020,620.56. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 value of $1,426,568.00. Following the completion of the transaction, the executive vice president directly owned 67,711 shares in the company, valued at approximately $12,763,523.50. This represents a 10.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,351 shares of company stock worth $6,206,158 in the last ninety days. 0.46% of the stock is currently owned by company insiders.

Institutional Trading of Nucor

Several hedge funds and other institutional investors have recently bought and sold shares of NUE. Mcguire Capital Advisors Inc. bought a new position in shares of Nucor during the fourth quarter worth approximately $32,000. Compound Planning Inc. grew its position in Nucor by 8.0% during the fourth quarter. Compound Planning Inc. now owns 4,668 shares of the basic materials company’s stock worth $761,000 after buying an additional 347 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in Nucor by 17.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 9,803 shares of the basic materials company’s stock worth $1,599,000 after acquiring an additional 1,442 shares during the period. Corient Private Wealth LLC raised its holdings in Nucor by 84.9% in the 4th quarter. Corient Private Wealth LLC now owns 100,440 shares of the basic materials company’s stock valued at $16,383,000 after acquiring an additional 46,120 shares in the last quarter. Finally, CrossGen Wealth LLC acquired a new position in Nucor in the 4th quarter valued at $139,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Price Performance

Shares of NYSE NUE opened at $180.14 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.94 and a quick ratio of 1.57. The business has a 50-day moving average of $173.95 and a 200-day moving average of $155.01. The stock has a market capitalization of $41.23 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 0.66 and a beta of 1.86. Nucor has a fifty-two week low of $97.59 and a fifty-two week high of $196.90.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, January 26th. The basic materials company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.18). Nucor had a net margin of 5.37% and a return on equity of 8.26%. The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same period last year, the company posted $1.22 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts predict that Nucor will post 7.64 earnings per share for the current fiscal year.

Nucor Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.2%. This is a boost from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date was Wednesday, December 31st. Nucor’s dividend payout ratio (DPR) is 29.71%.

About Nucor

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.