What is Zacks Research’s Forecast for Nucor Q4 Earnings?

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

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, January 26th. The basic materials company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.18). The business had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.93 billion. Nucor had a net margin of 5.37% and a return on equity of 8.26%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 earnings per share.

A number of other equities analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of Nucor from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. JPMorgan Chase & Co. upped their target price on shares of Nucor from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Jefferies Financial Group increased their target price on shares of Nucor from $190.00 to $200.00 and gave the company a “buy” rating in a report on Monday, January 12th. UBS Group downgraded shares of Nucor from a “buy” rating to a “neutral” rating and set a $183.00 price target for the company. in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nucor in a research note on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $187.90.

Nucor Price Performance

Shares of NYSE NUE traded down $1.17 during trading on Friday, hitting $164.51. 35,649 shares of the company were exchanged, compared to its average volume of 1,759,918. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.94 and a quick ratio of 1.57. Nucor has a 1 year low of $97.59 and a 1 year high of $196.90. The company has a market cap of $37.47 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 0.62 and a beta of 1.83. The firm’s fifty day moving average price is $177.31 and its 200 day moving average price is $158.35.

Hedge Funds Weigh In On Nucor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Berkshire Hathaway Inc acquired a new position in Nucor during the second quarter worth $856,792,000. Norges Bank bought a new stake in shares of Nucor in the fourth quarter valued at approximately $609,002,000. Greenwich Wealth Management LLC bought a new position in Nucor during the second quarter worth $123,145,000. Massachusetts Financial Services Co. MA acquired a new position in Nucor during the 2nd quarter valued at $105,435,000. Finally, AQR Capital Management LLC boosted its holdings in Nucor by 580.9% in the 2nd quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock valued at $84,699,000 after purchasing an additional 557,819 shares during the period. 76.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Thomas J. Batterbee sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $165.28, for a total value of $330,560.00. Following the transaction, the executive vice president owned 17,952 shares of the company’s stock, valued at $2,967,106.56. This trade represents a 10.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel R. Needham sold 3,881 shares of Nucor stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $178.00, for a total transaction of $690,818.00. Following the sale, the executive vice president owned 88,298 shares in the company, valued at approximately $15,717,044. This represents a 4.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 34,351 shares of company stock worth $6,206,158. Company insiders own 0.46% of the company’s stock.

Nucor announced that its board has initiated a stock repurchase program on Friday, February 20th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to purchase up to 9.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Tuesday, March 31st will be given a $0.56 dividend. 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 is presently 29.71%.

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.