Nucor (NYSE:NUE) Stock Dropped to “Buy” by Wall Street Zen

Posted by Brian Himes on Oct 13th, 2026

Wall Street Zen lowered shares of Nucor (NYSE:NUE – Free Report) from a strong-buy rating to a buy rating in a research note published on Monday morning,Wall Street Zen reports.

A number of other equities analysts have also weighed in on NUE. Freedom Broker lowered Nucor from a “buy” rating to a “hold” rating and reduced their price objective for the company from $305.00 to $285.00 in a research note on Friday, September 18th. KeyCorp decreased their price objective on Nucor from $288.00 to $286.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Weiss Ratings upgraded Nucor from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Barclays lifted their price target on Nucor from $272.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, UBS Group lifted their price target on Nucor from $224.00 to $256.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and an average price target of $276.07.

Read Our Latest Research Report on Nucor

Nucor Trading Up 0.7%

Shares of Nucor stock opened at $252.00 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. The firm has a fifty day moving average price of $255.14 and a 200 day moving average price of $235.98. Nucor has a 1 year low of $131.32 and a 1 year high of $280.11. The stock has a market cap of $57.17 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 0.89 and a beta of 1.84.

Nucor (NYSE:NUE – Get Free Report) last posted its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.38. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The company had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the previous year, the firm posted $2.60 earnings per share. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. Equities research analysts predict that Nucor will post 18.89 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. Nucor’s payout ratio is presently 17.86%.

Insider Transactions at Nucor

In other news, COO Stephen D. Laxton sold 3,968 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer directly owned 77,867 shares in the company, valued at $20,008,704.32. This trade represents a 4.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 owned 16,138 shares in the company, valued at $4,212,340.76. This trade represents a 19.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Nucor

A number of hedge funds have recently bought and sold shares of NUE. Mirador Capital Partners LP grew its holdings in Nucor by 2.9% in the third quarter. Mirador Capital Partners LP now owns 6,307 shares of the basic materials company’s stock valued at $1,474,000 after purchasing an additional 175 shares during the period. GK Wealth Management LLC acquired a new position in shares of Nucor during the 3rd quarter worth approximately $28,000. Decker Wealth Management LLC raised its stake in shares of Nucor by 1.4% during the 3rd quarter. Decker Wealth Management LLC now owns 31,309 shares of the basic materials company’s stock worth $7,318,000 after buying an additional 447 shares during the period. Wedmont Private Capital raised its stake in shares of Nucor by 7.4% during the 3rd quarter. Wedmont Private Capital now owns 3,428 shares of the basic materials company’s stock worth $844,000 after buying an additional 236 shares during the period. Finally, Monument Capital Management lifted its position in shares of Nucor by 1.1% during the 3rd quarter. Monument Capital Management now owns 14,837 shares of the basic materials company’s stock valued at $3,468,000 after buying an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Company Profile

(Get Free Report)

Nucor Corporation is a Charlotte, North Carolina-based steel producer and one of the largest steel companies in North America. The company operates electric arc furnace (EAF) steel mills that use recycled scrap steel as a primary raw material, along with facilities that manufacture and process steel products for construction, manufacturing, transportation, energy and other industrial markets.

Nucor’s product portfolio includes carbon and alloy steel in sheet, plate, bar and structural forms, as well as reinforcing steel, wire and wire mesh.