Wells Fargo upgraded Nucor Corp (NUE) to Overweight from Equal-Weight on November 13, 2025. The stock is currently priced at $147.78.
This upgrade reflects a more optimistic outlook on Nucor's prospects, potentially indicating improved fundamentals or stronger business performance. Nucor, headquartered in Charlotte, North Carolina, operates in the Metals & Mining industry, employing 32,700 individuals. The company manufactures a variety of steel products and materials, including carbon and alloy steel, hollow structural section tubing, and fabricated concrete reinforcing steel.
Nucor has a market cap of $32.9 billion, a P/E ratio of 25.41, and an EPS of $5.56. The dividend yield stands at an impressive 152.1%. Upcoming earnings are anticipated on July 26, 2026, with an EPS estimate of $2.98 and revenue projection of $9.0 billion.
Analyst consensus indicates a strong buy with 5 Strong Buy, 11 Buy, and 4 Hold ratings as of November 1, 2025. Recent analyst actions include Citigroup maintaining a Buy rating and JP Morgan and UBS maintaining their Overweight and Buy ratings, respectively.
Analyst ratings are based on research and financial models and can provide useful perspectives. However, they reflect assumptions that may not materialize as expected. Investors should consider various factors when making decisions, including company fundamentals and industry trends. Analyst opinions should be one of many inputs in the investment process.