JPMorgan Chase & Co. Issues Positive Forecast for Nucor (NYSE:NUE) Stock Price

Nucor (NYSE:NUE) had its price objective increased by JPMorgan Chase & Co. from $172.00 to $175.00 in a research report sent to investors on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the basic materials company’s stock.

NUE has been the topic of a number of other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Nucor in a report on Wednesday, October 8th. The Goldman Sachs Group decreased their price target on shares of Nucor from $182.00 to $173.00 and set a “buy” rating on the stock in a report on Monday, September 22nd. Jefferies Financial Group raised shares of Nucor from a “hold” rating to a “buy” rating and increased their price target for the stock from $135.00 to $170.00 in a report on Thursday, July 31st. UBS Group increased their price target on shares of Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Morgan Stanley increased their price target on shares of Nucor from $152.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $162.30.

Nucor Stock Up 1.5%

Shares of NYSE NUE opened at $154.28 on Wednesday. Nucor has a 52 week low of $97.59 and a 52 week high of $170.52. The business has a 50-day simple moving average of $140.77 and a two-hundred day simple moving average of $131.83. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30. The company has a market cap of $35.41 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.13 and a beta of 1.75.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. The firm had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the company posted $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. Research analysts anticipate that Nucor will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Nucor’s payout ratio is 30.90%.

Insiders Place Their Bets

In other Nucor news, insider Michael D. Keller sold 6,088 shares of Nucor stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $148.41, for a total value of $903,520.08. Following the transaction, the insider directly owned 22,464 shares of the company’s stock, valued at $3,333,882.24. The trade was a 21.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel R. Needham sold 7,200 shares of Nucor stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $146.00, for a total value of $1,051,200.00. Following the completion of the sale, the executive vice president owned 92,179 shares in the company, valued at approximately $13,458,134. This represents a 7.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,288 shares of company stock valued at $3,403,720 in the last ninety days. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Nucor

Large investors have recently made changes to their positions in the business. IMA Advisory Services Inc. grew its position in shares of Nucor by 51.4% in the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock worth $29,000 after buying an additional 75 shares during the last quarter. Matrix Trust Co grew its position in shares of Nucor by 53.8% in the 2nd quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock worth $31,000 after buying an additional 84 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Nucor in the 2nd quarter worth approximately $39,000. Geneos Wealth Management Inc. grew its position in shares of Nucor by 81.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after buying an additional 153 shares during the last quarter. Finally, Salomon & Ludwin LLC grew its position in shares of Nucor by 45.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 320 shares of the basic materials company’s stock worth $44,000 after buying an additional 100 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

Nucor Company Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.