Barrington Research Reiterates "Outperform" Rating for Nexstar Media Group (NASDAQ:NXST)

Barrington Research reissued their outperform rating on shares of Nexstar Media Group (NASDAQ:NXST - Free Report) in a research note released on Wednesday,Benzinga reports. They currently have a $200.00 price target on the stock. Barrington Research also issued estimates for Nexstar Media Group's Q4 2025 earnings at $3.72 EPS, Q1 2026 earnings at $3.84 EPS, Q2 2026 earnings at $2.93 EPS, Q3 2026 earnings at $6.09 EPS, Q4 2026 earnings at $10.73 EPS and FY2026 earnings at $23.39 EPS.

Other research analysts also recently issued research reports about the stock. Loop Capital raised shares of Nexstar Media Group from a "hold" rating to a "buy" rating and increased their price target for the company from $190.00 to $200.00 in a report on Friday, February 28th. Benchmark lifted their price objective on shares of Nexstar Media Group from $200.00 to $225.00 and gave the company a "buy" rating in a report on Friday, February 28th. StockNews.com lowered shares of Nexstar Media Group from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Guggenheim boosted their target price on shares of Nexstar Media Group from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $210.29.

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Nexstar Media Group Stock Up 3.0 %

NXST stock traded up $5.26 during midday trading on Wednesday, hitting $177.85. The company's stock had a trading volume of 609,979 shares, compared to its average volume of 371,909. The company has a market cap of $5.43 billion, a PE ratio of 10.29, a P/E/G ratio of 0.45 and a beta of 1.47. Nexstar Media Group has a 12 month low of $146.04 and a 12 month high of $191.86. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.98. The firm's 50-day moving average is $156.61 and its 200-day moving average is $163.75.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $7.56 earnings per share for the quarter, missing the consensus estimate of $9.22 by ($1.66). Nexstar Media Group had a net margin of 11.39% and a return on equity of 26.03%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. On average, equities research analysts forecast that Nexstar Media Group will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $1.86 per share. The ex-dividend date was Wednesday, February 12th. This represents a $7.44 dividend on an annualized basis and a yield of 4.18%. This is a boost from Nexstar Media Group's previous quarterly dividend of $1.69. Nexstar Media Group's payout ratio is presently 34.56%.

Insider Transactions at Nexstar Media Group

In other news, insider Gary Weitman sold 1,241 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $177.21, for a total value of $219,917.61. Following the transaction, the insider now directly owns 3,975 shares in the company, valued at approximately $704,409.75. This trade represents a 23.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bernadette S. Aulestia sold 500 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $164.45, for a total transaction of $82,225.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $328,900. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,830 shares of company stock worth $26,391,128 over the last ninety days. 6.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nexstar Media Group

Several large investors have recently bought and sold shares of NXST. Wealth Enhancement Advisory Services LLC grew its stake in shares of Nexstar Media Group by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,487 shares of the company's stock worth $1,073,000 after purchasing an additional 68 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Nexstar Media Group by 15.3% in the fourth quarter. Jones Financial Companies Lllp now owns 550 shares of the company's stock valued at $87,000 after purchasing an additional 73 shares during the period. Mariner LLC raised its position in shares of Nexstar Media Group by 5.3% in the fourth quarter. Mariner LLC now owns 2,300 shares of the company's stock valued at $363,000 after purchasing an additional 115 shares during the period. Natixis Advisors LLC raised its position in shares of Nexstar Media Group by 1.2% in the third quarter. Natixis Advisors LLC now owns 10,185 shares of the company's stock valued at $1,684,000 after purchasing an additional 117 shares during the period. Finally, Focus Partners Wealth increased its position in Nexstar Media Group by 7.3% during the fourth quarter. Focus Partners Wealth now owns 1,726 shares of the company's stock worth $273,000 after acquiring an additional 117 shares during the period. Institutional investors and hedge funds own 95.30% of the company's stock.

Nexstar Media Group Company Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.