Nucor (NYSE:NUE) Price Target Raised to $194.00

05 Mar 2026, 02:52 by Doug Wharley · The Cerbat Gem

Nucor (NYSE:NUE – Free Report) had its target price raised by Wells Fargo & Company from $184.00 to $194.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

Other analysts also recently issued reports about the stock. Seaport Research Partners boosted their target price on shares of Nucor from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, January 30th. The Goldman Sachs Group raised their price objective on Nucor from $182.00 to $196.00 and gave the company a “buy” rating in a research note on Friday, January 16th. BNP Paribas Exane boosted their target price on Nucor from $165.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Wall Street Zen upgraded Nucor from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $180.00 price objective (up from $165.00) on shares of Nucor in a research report on Friday, January 9th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $182.80.

Read Our Latest Research Report on Nucor

Nucor Stock Performance

NYSE NUE opened at $176.07 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.94 and a quick ratio of 1.57. Nucor has a 1-year low of $97.59 and a 1-year high of $196.90. The business has a 50 day simple moving average of $176.70 and a two-hundred day simple moving average of $157.41. The stock has a market capitalization of $40.10 billion, a PE ratio of 23.35, a P/E/G ratio of 0.64 and a beta of 1.83.

Nucor (NYSE:NUE – Get Free Report) last posted its earnings results on Monday, January 26th. The basic materials company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.18). Nucor had a net margin of 5.37% and a return on equity of 8.26%. The firm had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.93 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts predict that Nucor will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Nucor’s payout ratio is currently 29.71%.

Nucor declared that its board has approved a share buyback program on Friday, February 20th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to purchase up to 9.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity at Nucor

In other Nucor news, EVP Daniel R. Needham sold 3,881 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $178.00, for a total value of $690,818.00. Following the transaction, the executive vice president directly owned 88,298 shares in the company, valued at $15,717,044. This represents a 4.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Allen C. Behr sold 7,568 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $188.50, for a total transaction of $1,426,568.00. Following the transaction, the executive vice president directly owned 67,711 shares in the company, valued at approximately $12,763,523.50. This trade represents a 10.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 34,351 shares of company stock worth $6,206,158. 0.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Strive Financial Group LLC bought a new stake in Nucor during the 4th quarter valued at $27,000. Stance Capital LLC purchased a new position in shares of Nucor during the third quarter valued at $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Nucor in the fourth quarter valued at about $32,000. Motiv8 Investments LLC purchased a new stake in Nucor in the fourth quarter worth about $32,000. Finally, IMA Advisory Services Inc. grew its holdings in Nucor by 51.4% during the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Company Profile

(Get Free Report)

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.