FY2026 Earnings Forecast for Nucor Issued By Seaport Res Ptn

Nucor Corporation (NYSE:NUE - Free Report) - Analysts at Seaport Res Ptn decreased their FY2026 earnings per share (EPS) estimates for shares of Nucor in a research report issued on Friday, July 18th. Seaport Res Ptn analyst M. Englert now forecasts that the basic materials company will earn $11.41 per share for the year, down from their prior estimate of $11.76. The consensus estimate for Nucor's current full-year earnings is $7.64 per share.

Several other equities analysts have also commented on NUE. The Goldman Sachs Group dropped their target price on Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. upped their price objective on shares of Nucor from $143.00 to $162.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. UBS Group decreased their target price on shares of Nucor from $153.00 to $147.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. BMO Capital Markets raised shares of Nucor from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $140.00 to $145.00 in a research report on Monday, June 2nd. Finally, Morgan Stanley lifted their price target on shares of Nucor from $134.00 to $149.00 and gave the company an "overweight" rating in a report on Friday, June 20th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.75.

Nucor Trading Down 0.1%

Shares of NUE opened at $140.64 on Monday. Nucor has a fifty-two week low of $97.59 and a fifty-two week high of $170.52. The company has a market capitalization of $32.45 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.70. The stock has a fifty day moving average of $125.02 and a two-hundred day moving average of $124.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.48 and a current ratio of 2.52.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The basic materials company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.15). Nucor had a net margin of 4.40% and a return on equity of 6.82%. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same period in the previous year, the business earned $3.46 EPS. The firm's revenue was down 3.8% on a year-over-year basis.

Hedge Funds Weigh In On Nucor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Canal Capital Management LLC lifted its position in shares of Nucor by 2.5% during the fourth quarter. Canal Capital Management LLC now owns 3,075 shares of the basic materials company's stock worth $359,000 after purchasing an additional 75 shares in the last quarter. Horrell Capital Management Inc. increased its stake in Nucor by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 26,657 shares of the basic materials company's stock worth $3,111,000 after buying an additional 76 shares during the period. Matrix Trust Co lifted its holdings in Nucor by 53.8% in the 2nd quarter. Matrix Trust Co now owns 240 shares of the basic materials company's stock worth $31,000 after buying an additional 84 shares in the last quarter. Highline Wealth Partners LLC boosted its position in Nucor by 2.6% in the 1st quarter. Highline Wealth Partners LLC now owns 3,512 shares of the basic materials company's stock valued at $423,000 after buying an additional 90 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its stake in shares of Nucor by 2.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,247 shares of the basic materials company's stock valued at $511,000 after acquiring an additional 93 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nucor

In other Nucor news, CEO Leon J. Topalian sold 34,238 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $120.19, for a total transaction of $4,115,065.22. Following the transaction, the chief executive officer owned 162,993 shares in the company, valued at $19,590,128.67. The trade was a 17.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kenneth Rex Query sold 10,000 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $130.37, for a total value of $1,303,700.00. Following the completion of the sale, the executive vice president owned 94,080 shares of the company's stock, valued at approximately $12,265,209.60. This trade represents a 9.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,326 shares of company stock valued at $6,325,108 over the last 90 days. Corporate insiders own 0.71% of the company's stock.

Nucor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.55 per share. The ex-dividend date is Monday, June 30th. This represents a $2.20 annualized dividend and a yield of 1.56%. Nucor's dividend payout ratio is currently 39.15%.

About Nucor

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.

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