Seaport Res Ptn Comments on Nucor's Q2 Earnings (NYSE:NUE)

Key Points

• Seaport Res Ptn has revised its Q2 2026 earnings per share (EPS) estimate for Nucor down to $3.25, from the previous estimate of $3.34, while the full-year consensus remains at $7.64 per share.
• Nucor's recent quarterly earnings report revealed a profit of $2.60 per share, exceeding analyst expectations, despite revenue slightly missing at $8.46 billion.
• The company announced a quarterly dividend of $0.55 per share, with a dividend yield of 1.5%, which will be paid to shareholders on November 10th.

Nucor Corporation (NYSE:NUE - Free Report) - Investment analysts at Seaport Res Ptn cut their Q2 2026 EPS estimates for Nucor in a report issued on Wednesday, September 10th. Seaport Res Ptn analyst M. Englert now anticipates that the basic materials company will earn $3.25 per share for the quarter, down from their previous estimate of $3.34. The consensus estimate for Nucor's current full-year earnings is $7.64 per share. Seaport Res Ptn also issued estimates for Nucor's FY2026 earnings at $11.67 EPS.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The basic materials company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.06. The firm had revenue of $8.46 billion for the quarter, compared to analysts' expectations of $8.47 billion. Nucor had a net margin of 4.21% and a return on equity of 6.65%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.68 earnings per share.

Several other research analysts have also issued reports on NUE. BMO Capital Markets upgraded shares of Nucor from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $140.00 to $145.00 in a research report on Monday, June 2nd. Wells Fargo & Company upgraded shares of Nucor to a "hold" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. upped their price target on shares of Nucor from $143.00 to $162.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. UBS Group cut their price target on shares of Nucor from $153.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Finally, Morgan Stanley upped their price target on shares of Nucor from $134.00 to $149.00 and gave the company an "overweight" rating in a research report on Friday, June 20th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Nucor has a consensus rating of "Moderate Buy" and an average price target of $155.78.

Nucor Stock Up 0.7%

Shares of NYSE:NUE opened at $141.95 on Thursday. Nucor has a 52-week low of $97.59 and a 52-week high of $170.52. The firm has a fifty day moving average of $142.94 and a 200 day moving average of $128.36. The firm has a market capitalization of $32.58 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 0.90 and a beta of 1.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 2.83.

Hedge Funds Weigh In On Nucor

Institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in Nucor by 17.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,595 shares of the basic materials company's stock worth $3,853,000 after buying an additional 4,763 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Nucor by 21.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 101,459 shares of the basic materials company's stock valued at $12,210,000 after purchasing an additional 17,861 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Nucor by 20.5% during the first quarter. Assenagon Asset Management S.A. now owns 28,886 shares of the basic materials company's stock valued at $3,476,000 after purchasing an additional 4,914 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Nucor by 12.4% during the first quarter. Envestnet Asset Management Inc. now owns 305,006 shares of the basic materials company's stock valued at $36,704,000 after purchasing an additional 33,700 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Nucor by 48.6% during the first quarter. GAMMA Investing LLC now owns 4,203 shares of the basic materials company's stock valued at $506,000 after purchasing an additional 1,375 shares in the last quarter. 76.48% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Kenneth Rex Query sold 10,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $144.90, for a total transaction of $1,449,000.00. Following the completion of the sale, the executive vice president directly owned 84,080 shares in the company, valued at approximately $12,183,192. This represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel R. Needham sold 7,200 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the sale, the executive vice president owned 92,179 shares of the company's stock, valued at approximately $13,458,134. This represents a 7.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,397 shares of company stock valued at $6,763,814. Company insiders own 0.46% of the company's stock.

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 30th. Nucor's dividend payout ratio is currently 39.71%.

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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