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Nucor Corporation (NYSE:NUE) is included among the 15 Best Dividend Growth Stocks to Buy Now.
On October 30, Citi increased its price target on Nucor Corporation (NYSE:NUE) to $180 from $150 while maintaining a Buy rating on the stock, as reported by The Fly.
Nucor Corporation (NYSE:NUE) had released its third-quarter 2025 results on October 27, reporting revenue of $8.52 billion, marking a 14.47% increase from the same period a year earlier. During the quarter, the company ramped up production at two newly completed bar mill projects, progressed with its sheet steel and coating expansions, and began pole production at its Alabama Towers & Structures facility. Despite its ongoing phase of capital investments, Nucor continued to uphold one of the strongest balance sheets among major North American steel producers and returned nearly $1 billion to shareholders year-to-date, representing over 70% of net earnings through the third quarter.
By the close of the quarter, Nucor Corporation (NYSE:NUE) held $2.75 billion in cash, cash equivalents, and short-term investments. The company also maintained its long-standing reputation as a dependable dividend payer, marking 210 consecutive quarters of dividend payments.
Nucor Corporation (NYSE:NUE) is recognized as one of the safest, most efficient, and most profitable steel and steel products manufacturers globally.
While we acknowledge the potential of NUE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 13 Best Consistent Dividend Stocks to Buy Now and 15 Best DRIP Stocks to Own Right Now.
Disclosure: None.
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