KeyCorp Comments on Nucor's FY2025 Earnings (NYSE:NUE)

Nucor Co. (NYSE:NUE - Free Report) - KeyCorp reduced their FY2025 earnings per share estimates for Nucor in a research note issued on Monday, February 10th. KeyCorp analyst P. Gibbs now expects that the basic materials company will post earnings of $7.50 per share for the year, down from their prior estimate of $7.55. 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 data on Monday, January 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same quarter in the previous year, the business earned $3.16 earnings per share.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group lifted their price objective on Nucor from $125.00 to $135.00 and gave the company a "hold" rating in a research report on Wednesday, January 29th. Citigroup reduced their price objective on Nucor from $240.00 to $160.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. StockNews.com raised Nucor from a "sell" rating to a "hold" rating in a research report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Nucor from $152.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, January 29th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $156.00 price target (down previously from $171.00) on shares of Nucor in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $163.13.

Nucor Stock Up 1.6 %

NUE traded up $2.20 during trading on Wednesday, reaching $137.75. 2,108,211 shares of the stock traded hands, compared to its average volume of 2,773,291. The stock has a market cap of $32.34 billion, a price-to-earnings ratio of 16.38 and a beta of 1.60. Nucor has a fifty-two week low of $112.25 and a fifty-two week high of $203.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. The stock's 50-day simple moving average is $124.99 and its two-hundred day simple moving average is $140.62.

Nucor Increases Dividend

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

Hedge Funds Weigh In On Nucor

Several large investors have recently made changes to their positions in the business. DoubleLine ETF Adviser LP acquired a new position in shares of Nucor during the 4th quarter worth about $3,100,000. Freestone Grove Partners LP bought a new position in Nucor during the fourth quarter valued at about $683,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Nucor during the fourth quarter valued at about $25,000. Aquatic Capital Management LLC bought a new position in Nucor during the fourth quarter valued at about $5,109,000. Finally, Oxford Asset Management LLP increased its stake in Nucor by 87.5% during the fourth quarter. Oxford Asset Management LLP now owns 6,934 shares of the basic materials company's stock valued at $809,000 after acquiring an additional 3,236 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.