Nucor (NYSE:NUE) Cut to Buy at Wall Street Zen

Posted by George Bondi on Nov 3rd, 2026

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

NUE has been the topic of several other research reports. Morgan Stanley set a $270.00 price objective on shares of Nucor in a research report on Wednesday, July 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $335.00 price target on shares of Nucor in a research note on Wednesday, October 28th. Wells Fargo & Company increased their price objective on shares of Nucor from $280.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Weiss Ratings upgraded Nucor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 15th. Finally, Citigroup restated a “buy” rating on shares of Nucor in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and a consensus price target of $286.44.

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Nucor Price Performance

NYSE:NUE opened at $277.74 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. The business’s 50-day simple moving average is $254.47 and its two-hundred day simple moving average is $223.97. The stock has a market cap of $63.01 billion, a PE ratio of 17.42, a P/E/G ratio of 0.67 and a beta of 1.84. Nucor has a 52 week low of $140.93 and a 52 week high of $287.70.

Nucor (NYSE:NUE – Get Free Report) last released its quarterly earnings data on Monday, October 26th. The basic materials company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $5.84 by ($0.04). Nucor had a return on equity of 15.53% and a net margin of 9.26%. The business had revenue of $11.25 billion during the quarter, compared to the consensus estimate of $10.84 billion. During the same period last year, the company earned $2.63 EPS. The business’s revenue was up 32.0% on a year-over-year basis. As a group, analysts forecast that Nucor will post 19.61 EPS for the current fiscal year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Nucor’s payout ratio is presently 14.26%.

Insider Buying and Selling

In other Nucor news, EVP Allen Behr sold 11,846 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $272.90, for a total transaction of $3,232,773.40. Following the transaction, the executive vice president owned 58,022 shares in the company, valued at $15,834,203.80. The trade was a 16.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Noah C. Hanners sold 5,190 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $275.03, for a total transaction of $1,427,405.70. Following the completion of the sale, the executive vice president directly owned 44,073 shares in the company, valued at approximately $12,121,397.19. This represents a 10.54% decrease in their position. The SEC filing for this sale provides additional information. 0.62% of the stock is currently owned by insiders.

Institutional Trading of Nucor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its position in shares of Nucor by 19.3% in the 1st quarter. California Public Employees Retirement System now owns 510,331 shares of the basic materials company’s stock worth $86,297,000 after acquiring an additional 82,668 shares in the last quarter. Tidal Investments LLC raised its holdings in Nucor by 31.2% in the second quarter. Tidal Investments LLC now owns 61,952 shares of the basic materials company’s stock worth $13,800,000 after purchasing an additional 14,736 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Nucor in the 2nd quarter worth approximately $7,954,000. BIP Wealth LLC purchased a new position in shares of Nucor in the 2nd quarter worth approximately $852,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Nucor by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 1,809,899 shares of the basic materials company’s stock worth $306,054,000 after acquiring an additional 29,476 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

About Nucor

(Get Free Report)

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.