Wells Fargo Reiterates Buy Rating on Nucor Corporation

Wells Fargo has reiterated its buy rating on Nucor Corporation (NYSE:NUE), maintaining a price target of $283. This decision, announced on June 18, 2026, comes as Nucor's shares are trading around $258.51.

Analysts Set New Price Targets

On June 18, 2026, Wells Fargo's analyst Timna Tanners reiterated her buy rating on Nucor Corporation, setting a price target of $283. This follows a series of buy ratings from other firms, including JP Morgan, which maintained a buy rating with a $282 price target on June 10, 2026. Barclays also initiated coverage with a buy rating and a $270 target on May 22, 2026.

Nucor Corporation Stock Down 3.5%

Shares of Nucor Corporation are currently trading near $258.51. The company boasts a market capitalization of approximately $57.53 billion and a P/E ratio of 25.06. Its forward P/E stands at 15.24, with a beta of 1.906, indicating higher volatility compared to the market. Over the past year, Nucor's stock has seen a low of $122.82 and a high of $270.9. The company's 50-day moving average is $228.69, while the 200-day moving average is $176.57.

Insider Buying and Selling at Nucor Corporation

Recent insider transactions at Nucor Corporation in early June 2026 included several notable trades. Executive Vice President John Hollatz sold 10,560 shares at an average price of $258.46 on June 3, 2026, and also bought the same amount at $131.82. On June 1, 2026, Kenneth Rex Query, another Executive Vice President, sold 6,438 shares at $250. Additionally, CFO John Leo Sullivan III purchased 1,662 shares, and Executive Vice President Bradley Ford acquired 2,303 shares, both at undisclosed prices.

About Nucor Corporation

Nucor Corporation, headquartered in Charlotte, North Carolina, is a leading player in the steel industry. It manufactures and sells steel and steel products across three segments: Steel Mills, Steel Products, and Raw Materials. With a workforce of around 33,000 employees, Nucor operates facilities that produce a wide range of steel products for various applications. The company is led by CEO Leon J. Topalian.

Bottom Line

Wells Fargo's reaffirmation of its buy rating on Nucor Corporation underscores confidence in the company's performance. With its strong market position and diverse product offerings, Nucor continues to be a significant player in the steel industry. Investors should note that analyst ratings reflect views at a point in time and are subject to change.