Nucor (NYSE:NUE) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Nucor (NYSE:NUE) from a buy rating to a hold rating in a report issued on Sunday.

Several other research analysts have also weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. The Goldman Sachs Group dropped their price objective on 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 upgraded shares of Nucor from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $170.00 in a research note on Thursday, July 31st. Wells Fargo & Company boosted their target price on shares of Nucor from $140.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Finally, UBS Group raised their price target on shares of Nucor from $165.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $164.30.

Nucor Stock Down 1.2%

Nucor stock traded down $1.69 during trading hours on Friday, hitting $142.62. The company had a trading volume of 1,507,828 shares, compared to its average volume of 2,237,470. Nucor has a fifty-two week low of $97.59 and a fifty-two week high of $161.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.77 and a quick ratio of 1.51. The firm has a market capitalization of $32.74 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80. The firm’s fifty day moving average is $140.53 and its 200-day moving average is $133.78.

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

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 10th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Nucor’s dividend payout ratio is currently 30.90%.

Insider Transactions at Nucor

In other news, EVP Kenneth Rex Query sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $144.90, for a total value of $1,449,000.00. Following the sale, the executive vice president directly owned 84,080 shares of the company’s stock, valued at approximately $12,183,192. This trade represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen D. Laxton sold 2,003 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $151.57, for a total value of $303,594.71. Following the transaction, the chief financial officer directly owned 88,174 shares of the company’s stock, valued at $13,364,533.18. This represents a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 34,333 shares of company stock worth $5,075,189. Corporate insiders own 0.46% of the company’s stock.

Institutional Trading of Nucor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Monetta Financial Services Inc. acquired a new position in shares of Nucor during the third quarter worth approximately $1,422,000. Mufg Securities Americas Inc. increased its position in Nucor by 21.0% during the third quarter. Mufg Securities Americas Inc. now owns 6,190 shares of the basic materials company’s stock worth $838,000 after acquiring an additional 1,076 shares during the period. First Financial Bankshares Inc acquired a new position in Nucor during the 3rd quarter valued at $248,000. Compound Planning Inc. boosted its holdings in Nucor by 4.1% in the 3rd quarter. Compound Planning Inc. now owns 4,321 shares of the basic materials company’s stock valued at $585,000 after purchasing an additional 171 shares during the period. Finally, Nkcfo LLC acquired a new stake in Nucor in the 3rd quarter worth $2,682,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

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.