Weekly Analysts’ Ratings Changes for Nucor (NUE)

Nucor (NYSE: NUE) recently received a number of ratings updates from brokerages and research firms:

• 2/3/2025 – Nucor was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 2/3/2025 – Nucor had its price target lowered by analysts at Morgan Stanley from $166.00 to $154.00. They now have an “overweight” rating on the stock.
• 1/29/2025 – Nucor had its price target lowered by analysts at JPMorgan Chase & Co. from $152.00 to $150.00. They now have an “overweight” rating on the stock.
• 1/29/2025 – Nucor had its price target raised by analysts at Jefferies Financial Group Inc. from $125.00 to $135.00. They now have a “hold” rating on the stock.
• 1/17/2025 – Nucor had its price target lowered by analysts at JPMorgan Chase & Co. from $168.00 to $152.00. They now have an “overweight” rating on the stock.
• 1/6/2025 – Nucor had its price target lowered by analysts at Jefferies Financial Group Inc. from $150.00 to $125.00. They now have a “hold” rating on the stock.
• 12/19/2024 – Nucor had its price target lowered by analysts at Citigroup Inc. from $240.00 to $160.00. They now have a “buy” rating on the stock.
• 12/12/2024 – Nucor had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $156.00 price target on the stock, down previously from $171.00.

Nucor Trading Down 0.4 %

Shares of NUE opened at $130.78 on Wednesday. Nucor Co. has a fifty-two week low of $112.25 and a fifty-two week high of $203.00. The stock has a fifty day moving average of $128.03 and a two-hundred day moving average of $141.81. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.48 and a current ratio of 2.51. The company has a market capitalization of $30.71 billion, a PE ratio of 15.55 and a beta of 1.60.

Nucor (NYSE:NUE) last released its earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, beating the consensus estimate of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same period last year, the company earned $3.16 earnings per share. As a group, analysts forecast that Nucor Co. will post 7.88 EPS for the current year.

Nucor Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Tuesday, December 31st will be given a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a dividend yield of 1.68%. Nucor’s dividend payout ratio (DPR) is currently 26.16%.

Insider Activity at Nucor

In related news, EVP Allen C. Behr sold 4,968 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $159.72, for a total value of $793,488.96. Following the transaction, the executive vice president now directly owns 85,376 shares of the company’s stock, valued at approximately $13,636,254.72. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.64% of the stock is owned by insiders.

Institutional Investors Weigh In On Nucor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mizuho Securities USA LLC increased its position in Nucor by 8,530.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,595,179 shares of the basic materials company’s stock worth $239,819,000 after purchasing an additional 1,576,695 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Nucor by 19.8% in the third quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company’s stock worth $519,648,000 after acquiring an additional 571,682 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in shares of Nucor in the 3rd quarter valued at $74,829,000. Nordea Investment Management AB lifted its holdings in shares of Nucor by 25.6% during the 4th quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock valued at $205,282,000 after acquiring an additional 358,721 shares in the last quarter. Finally, State Street Corp boosted its position in Nucor by 2.9% during the 3rd quarter. State Street Corp now owns 11,427,899 shares of the basic materials company’s stock worth $1,724,117,000 after purchasing an additional 326,181 shares during the period. 76.48% of the stock is currently owned by institutional investors and hedge funds.

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.