Nucor (NYSE:NUE) Stock Rating Lowered by Zacks Research

Nucor (NYSE:NUE) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports. Zacks Research also issued estimates for Nucor’s Q2 2026 earnings at $4.77 EPS.

NUE has been the topic of a number of other reports. Seaport Research Partners upped their target price on shares of Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Bank of America lifted their price target on Nucor from $265.00 to $290.00 in a report on Friday, June 12th. Jefferies Financial Group boosted their price target on Nucor from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. upped their price objective on Nucor from $240.00 to $282.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Finally, BNP Paribas Exane upped their price objective on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Nucor presently has an average rating of “Moderate Buy” and a consensus price target of $266.92.

Nucor Price Performance

NYSE:NUE opened at $222.72 on Monday. The stock has a market capitalization of $50.72 billion, a PE ratio of 22.05, a P/E/G ratio of 0.54 and a beta of 1.88. Nucor has a 1-year low of $128.46 and a 1-year high of $270.90. The firm has a fifty day simple moving average of $237.13 and a 200 day simple moving average of $195.96. The company has a current ratio of 2.90, a quick ratio of 1.55 and a debt-to-equity ratio of 0.30.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.41. The firm had revenue of $9.50 billion for the quarter, compared to analyst estimates of $8.88 billion. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, research analysts expect that Nucor will post 17 EPS for the current fiscal year.

Insiders Place Their Bets

In other Nucor news, EVP David A. Sumoski sold 33,068 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $225.67, for a total value of $7,462,455.56. Following the transaction, the executive vice president directly owned 243,339 shares of the company’s stock, valued at $54,914,312.13. This represents a 11.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Noah C. Hanners sold 6,472 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $226.50, for a total transaction of $1,465,908.00. Following the sale, the executive vice president owned 50,377 shares of the company’s stock, valued at $11,410,390.50. This trade represents a 11.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,378 shares of company stock worth $18,963,930 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Nucor by 745.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 83,463 shares of the basic materials company’s stock valued at $13,614,000 after buying an additional 73,588 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Nucor by 11.1% during the fourth quarter. Nordea Investment Management AB now owns 2,103,000 shares of the basic materials company’s stock worth $342,642,000 after buying an additional 210,577 shares during the period. FNY Investment Advisers LLC bought a new stake in Nucor during the fourth quarter valued at $1,989,000. Oak Harvest Investment Services bought a new position in shares of Nucor in the 4th quarter worth about $6,329,000. Finally, SG Americas Securities LLC grew its stake in Nucor by 123.5% during the fourth quarter. SG Americas Securities LLC now owns 85,474 shares of the basic materials company’s stock worth $13,942,000 after purchasing an additional 47,235 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Company Profile

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.