Zacks Research Analysts Boost Earnings Estimates for Nucor

Nucor Corporation (NYSE:NUE) – Equities research analysts at Zacks Research lifted their Q2 2027 earnings per share (EPS) estimates for Nucor in a report released on Monday, November 9th. Zacks Research analyst Team now forecasts that the basic materials company will earn $5.51 per share for the quarter, up from their prior forecast of $5.16. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Nucor’s current full-year earnings is $19.63 per share. Zacks Research also issued estimates for Nucor’s Q4 2027 earnings at $4.25 EPS and Q2 2028 earnings at $5.89 EPS.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.84 by ($0.04). Nucor had a return on equity of 15.53% and a net margin of 9.26%. The firm had revenue of $11.25 billion for the quarter, compared to the consensus estimate of $10.84 billion. During the same period last year, the firm earned $2.63 EPS. The company’s revenue for the quarter was up 32.0% on a year-over-year basis.

Several other analysts have also issued reports on the company. Barclays upped their target price on Nucor from $306.00 to $320.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. Wall Street Zen downgraded shares of Nucor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 31st. Morgan Stanley set a $270.00 price target on shares of Nucor in a research note on Wednesday, July 29th. BMO Capital Markets boosted their price objective on shares of Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, UBS Group upped their price objective on shares of Nucor from $224.00 to $256.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $287.38.

Nucor Stock Performance

Shares of NYSE NUE opened at $249.48 on Tuesday. The stock has a market cap of $56.60 billion, a price-to-earnings ratio of 15.88, a P/E/G ratio of 0.66 and a beta of 1.81. The company has a current ratio of 2.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26. Nucor has a 1-year low of $140.93 and a 1-year high of $287.70. The stock’s 50-day moving average is $255.14 and its 200 day moving average is $225.99.

Hedge Funds Weigh In On Nucor

Several hedge funds and other institutional investors have recently modified their holdings of NUE. Brendel Financial Advisors LLC bought a new position in Nucor during the 3rd quarter valued at approximately $3,428,000. Intech Investment Management LLC grew its position in shares of Nucor by 296.6% in the 3rd quarter. Intech Investment Management LLC now owns 53,412 shares of the basic materials company’s stock worth $12,485,000 after buying an additional 39,944 shares during the last quarter. Silver Oak Securities Incorporated grew its position in shares of Nucor by 13.7% in the 3rd quarter. Silver Oak Securities Incorporated now owns 1,259 shares of the basic materials company’s stock worth $308,000 after buying an additional 152 shares during the last quarter. West Family Investments Inc. grew its position in shares of Nucor by 44.5% in the 3rd quarter. West Family Investments Inc. now owns 1,361 shares of the basic materials company’s stock worth $318,000 after buying an additional 419 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of Nucor by 11.4% during the third quarter. Hantz Financial Services Inc. now owns 2,710 shares of the basic materials company’s stock valued at $633,000 after buying an additional 278 shares during the period. 76.48% of the stock is owned by institutional investors.

Insider Activity

In other Nucor news, insider Michael D. Keller sold 1,136 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $279.33, for a total transaction of $317,318.88. Following the completion of the sale, the insider owned 15,588 shares of the company’s stock, valued at $4,354,196.04. This represents a 6.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Stephen D. Laxton sold 10,560 shares of the stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $274.98, for a total transaction of $2,903,788.80. Following the sale, the chief operating officer directly owned 77,867 shares of the company’s stock, valued at $21,411,867.66. The trade was a 11.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 28,732 shares of company stock worth $7,881,287 over the last ninety days. Company insiders own 0.62% of the company’s stock.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th will be issued a $0.56 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. Nucor’s dividend payout ratio (DPR) is currently 14.26%.

Nucor Company Profile

Nucor Corporation is a U.S.-based steel and steel products manufacturer. Its steel mills produce sheet, plate, bar, structural steel and reinforcing bar used in construction, manufacturing, transportation and other industries.

The company also makes downstream products such as steel joists, decking, fasteners, wire products and metal building components. Its operations include recycling ferrous scrap and producing direct reduced iron, materials used in steelmaking.

Nucor traces its roots to 1905 and developed into a steel producer during the mid-20th century.