Equities Analysts Issue Forecasts for Nucor FY2026 Earnings

Nucor Co. (NYSE:NUE - Free Report) - Research analysts at KeyCorp issued their FY2026 earnings estimates for Nucor in a report issued on Monday, February 10th. KeyCorp analyst P. Gibbs expects that the basic materials company will post earnings of $8.55 per share for the year. The consensus estimate for Nucor's current full-year earnings is $7.88 per share.

Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same quarter in the previous year, the firm posted $3.16 earnings per share.

A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Nucor from $152.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Citigroup lowered their target price on shares of Nucor from $240.00 to $160.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Jefferies Financial Group boosted their price objective on shares of Nucor from $125.00 to $135.00 and gave the company a "hold" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group assumed coverage on shares of Nucor in a research report on Monday, December 2nd. They issued a "buy" rating and a $190.00 price objective for the company. Finally, StockNews.com upgraded Nucor from a "sell" rating to a "hold" rating in a report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $163.13.

Nucor Trading Up 1.6 %

NUE traded up $2.20 during trading hours on Thursday, reaching $137.75. 2,108,211 shares of the company's stock traded hands, compared to its average volume of 2,773,291. The firm has a 50-day moving average price of $124.89 and a 200 day moving average price of $140.18. Nucor has a 52-week low of $112.25 and a 52-week high of $203.00. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $32.34 billion, a PE ratio of 16.38 and a beta of 1.60.

Nucor Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, December 31st were issued a dividend of $0.55 per share. This is an increase from Nucor's previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, December 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.60%. Nucor's payout ratio is 26.16%.

Institutional Investors Weigh In On Nucor

A number of institutional investors and hedge funds have recently modified their holdings of NUE. Norges Bank acquired a new stake in Nucor during the 4th quarter valued at approximately $398,077,000. Mizuho Securities USA LLC lifted its position in Nucor by 8,530.1% during the third quarter. Mizuho Securities USA LLC now owns 1,595,179 shares of the basic materials company's stock valued at $239,819,000 after purchasing an additional 1,576,695 shares during the period. Pacer Advisors Inc. lifted its position in Nucor by 19.8% during the third quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company's stock valued at $519,648,000 after purchasing an additional 571,682 shares during the period. Ceredex Value Advisors LLC acquired a new position in shares of Nucor in the 3rd quarter valued at about $74,829,000. Finally, First Trust Advisors LP lifted its holdings in shares of Nucor by 24.6% in the 4th quarter. First Trust Advisors LP now owns 2,404,477 shares of the basic materials company's stock valued at $280,627,000 after buying an additional 474,274 shares during the period. Institutional investors and hedge funds own 76.48% of the company's stock.

Nucor Company Profile

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.