Nucor (NYSE:NUE) Stock Bumped Up to “Strong-Buy” by Freedom Broker

Posted by Brian Himes on Oct 31st, 2026

Freedom Broker upgraded shares of Nucor (NYSE:NUE – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Friday,Zacks reports.

Several other brokerages have also recently issued reports on NUE. Weiss Ratings raised shares of Nucor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 15th. Piper Sandler set a $304.00 price objective on shares of Nucor in a report on Friday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $335.00 target price on shares of Nucor in a research note on Wednesday. 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. Finally, Barclays increased their target price on shares of Nucor from $306.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Nucor has a consensus rating of “Buy” and an average target price of $284.00.

View Our Latest Analysis on Nucor

Nucor Trading Down 0.7%

NUE opened at $273.47 on Friday. Nucor has a 52 week low of $140.93 and a 52 week high of $280.11. The business has a fifty day simple moving average of $253.79 and a 200-day simple moving average of $223.43. The firm has a market cap of $62.04 billion, a P/E ratio of 17.41, a P/E/G ratio of 0.68 and a beta of 1.84. The company has a quick ratio of 1.36, a current ratio of 2.46 and a debt-to-equity ratio of 0.26.

Nucor (NYSE:NUE – Get Free Report) last posted its earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.84 by ($0.04). The firm had revenue of $11.25 billion for the quarter, compared to analyst estimates of $10.84 billion. Nucor had a return on equity of 15.53% and a net margin of 9.26%. Nucor’s revenue was up 32.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.63 EPS. On average, equities analysts expect that Nucor will post 19.61 earnings per share for the current year.

Nucor Announces Dividend

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

Insider Transactions at Nucor

In other news, EVP Noah Hanners sold 5,190 shares of the business’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $275.03, for a total transaction of $1,427,405.70. Following the completion of the transaction, the executive vice president directly owned 44,073 shares of the company’s stock, valued at approximately $12,121,397.19. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas Batterbee sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 16,138 shares in the company, valued at $4,212,340.76. The trade was a 19.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Nucor

Large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Nucor in the 2nd quarter worth approximately $4,452,563,000. Dimensional Fund Advisors LP raised its holdings in Nucor by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock worth $429,298,000 after purchasing an additional 22,718 shares during the last quarter. Bank of America Corp DE acquired a new position in Nucor during the second quarter worth $462,886,000. Berkshire Hathaway Inc acquired a new position in Nucor during the second quarter worth $413,814,000. Finally, Bank of New York Mellon Corp boosted its position in Nucor by 1.7% during the first 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 purchasing 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.