Zacks Research Issues Pessimistic Outlook for Nucor Earnings

Nucor Corporation (NYSE:NUE) – Stock analysts at Zacks Research reduced their Q4 2027 earnings estimates for Nucor in a research note issued on Wednesday, March 11th. Zacks Research analyst Team now forecasts that the basic materials company will earn $2.40 per share for the quarter, down from their previous estimate of $2.41. The consensus estimate for Nucor’s current full-year earnings is $7.64 per share.

A number of other equities research analysts also recently issued reports on NUE. Morgan Stanley reissued an “equal weight” rating and set a $180.00 price target (up from $165.00) on shares of Nucor in a research report on Friday, January 9th. The Goldman Sachs Group upped their target price on Nucor from $182.00 to $196.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Wells Fargo & Company increased their target price on Nucor from $184.00 to $194.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Wall Street Zen cut Nucor from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, BMO Capital Markets boosted their price target on Nucor from $190.00 to $196.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.90.

Nucor Stock Down 1.3%

NYSE NUE opened at $163.52 on Friday. The company has a current ratio of 2.94, a quick ratio of 1.57 and a debt-to-equity ratio of 0.31. The company has a market cap of $37.25 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 0.58 and a beta of 1.83. The company has a 50 day moving average of $177.20 and a 200-day moving average of $158.52. Nucor has a 1-year low of $97.59 and a 1-year high of $196.90.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, January 26th. The basic materials company reported $1.73 earnings per share (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 business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.93 billion. During the same period in the prior year, the firm earned $1.22 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis.

Nucor declared that its Board of Directors has initiated a share repurchase plan on Friday, February 20th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to purchase up to 9.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Nucor Dividend Announcement

The company also recently declared 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 1.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Nucor’s dividend payout ratio (DPR) is presently 29.71%.

Insider Transactions at Nucor

In other news, EVP Thomas J. Batterbee sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $165.28, for a total transaction of $330,560.00. Following the sale, the executive vice president directly owned 17,952 shares in the company, valued at approximately $2,967,106.56. The trade was a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Allen C. Behr sold 7,568 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $188.50, for a total value of $1,426,568.00. Following the completion of the transaction, the executive vice president directly owned 67,711 shares of the company’s stock, valued at $12,763,523.50. This represents a 10.05% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 34,351 shares of company stock valued at $6,206,158. 0.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Nucor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. acquired a new position in shares of Nucor in the 3rd quarter worth approximately $1,528,000. Penserra Capital Management LLC increased its position in shares of Nucor by 15,814.3% during the third quarter. Penserra Capital Management LLC now owns 3,342 shares of the basic materials company’s stock worth $452,000 after buying an additional 3,321 shares during the period. Allstate Corp bought a new position in Nucor during the third quarter worth $1,085,000. Peterson Wealth Services raised its stake in Nucor by 587,032.0% during the third quarter. Peterson Wealth Services now owns 146,783 shares of the basic materials company’s stock worth $19,879,000 after buying an additional 146,758 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Nucor by 11.7% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 135,065 shares of the basic materials company’s stock valued at $17,496,000 after buying an additional 14,106 shares during the period. 76.48% of the stock is currently 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.