Nucor (NYSE:NUE) Price Target Cut to $285.00 by Analysts at Wells Fargo & Company

Posted by Francis Steltz on Aug 24th, 2026

Nucor (NYSE:NUE – Get Free Report) had its target price lowered by Wells Fargo & Company from $297.00 to $285.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 14.05% from the stock’s current price.

NUE has been the subject of a number of other research reports. Zacks Research lowered shares of Nucor from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Bank of America reduced their target price on shares of Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. BNP Paribas Exane upped their price target on shares of Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nucor in a research note on Tuesday, August 11th. Finally, CICC Research started coverage on shares of Nucor in a report on Monday, May 25th. They set an “outperform” rating on the stock. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $272.38.

Check Out Our Latest Research Report on NUE

Nucor Price Performance

NUE traded up $6.27 on Monday, reaching $249.90. The stock had a trading volume of 364,021 shares, compared to its average volume of 1,619,489. Nucor has a fifty-two week low of $131.32 and a fifty-two week high of $280.11. The firm has a 50-day moving average of $246.88 and a 200-day moving average of $217.05. The company has a current ratio of 2.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $56.70 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89.

Nucor (NYSE:NUE – Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.38. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The firm had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period last year, the firm posted $2.60 earnings per share. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Nucor will post 17.95 EPS for the current year.

Insiders Place Their Bets

In other news, EVP John J. Hollatz sold 10,560 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the completion of the sale, the executive vice president directly owned 97,865 shares in the company, valued at $25,294,187.90. This represents a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas J. Batterbee sold 4,000 shares of Nucor stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the transaction, the executive vice president directly owned 16,138 shares of the company’s stock, valued at $4,212,340.76. This represents a 19.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 18,528 shares of company stock worth $4,793,035. 0.62% of the stock is currently owned by insiders.

Institutional Trading of Nucor

A number of large investors have recently bought and sold shares of the business. Transamerica Financial Advisors LLC bought a new stake in shares of Nucor during the 2nd quarter valued at about $25,000. Manning & Napier Advisors LLC bought a new stake in Nucor in the second quarter worth approximately $27,000. Bell Investment Advisors Inc acquired a new position in Nucor in the second quarter valued at approximately $28,000. Markowski Investments acquired a new position in Nucor in the second quarter valued at approximately $29,000. Finally, Strive Financial Group LLC bought a new position in shares of Nucor during the 4th quarter worth approximately $27,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Company Profile

(Get Free Report)

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.

Analyst Recommendations for Nucor (NYSE:NUE)

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