Seaport Res Ptn Issues Negative Forecast for Nucor Earnings

Nucor Co. (NYSE:NUE - Free Report) - Investment analysts at Seaport Res Ptn dropped their Q1 2025 EPS estimates for shares of Nucor in a report released on Tuesday, October 22nd. Seaport Res Ptn analyst M. Englert now forecasts that the basic materials company will post earnings per share of $2.36 for the quarter, down from their previous estimate of $3.09. The consensus estimate for Nucor's current full-year earnings is $9.08 per share. Seaport Res Ptn also issued estimates for Nucor's FY2025 earnings at $10.87 EPS.

Several other equities research analysts also recently issued reports on NUE. BMO Capital Markets lowered their price target on Nucor from $175.00 to $160.00 and set a "market perform" rating for the company in a report on Wednesday, September 18th. Morgan Stanley reduced their price objective on shares of Nucor from $170.00 to $166.00 and set an "overweight" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Nucor from $170.00 to $168.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Argus raised Nucor to a "strong-buy" rating in a research report on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $190.57.

Nucor Trading Up 0.1 %

Shares of Nucor stock traded up $0.13 during trading on Friday, hitting $141.47. 1,741,374 shares of the company were exchanged, compared to its average volume of 1,499,747. Nucor has a 1-year low of $133.42 and a 1-year high of $203.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 1.85. The firm has a market capitalization of $33.58 billion, a P/E ratio of 13.67 and a beta of 1.55. The firm's fifty day moving average price is $147.73 and its 200 day moving average price is $159.27.

Nucor (NYSE:NUE - Get Free Report) last released its earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.40 by $0.09. Nucor had a net margin of 8.05% and a return on equity of 12.06%. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.28 billion. During the same period in the prior year, the company posted $4.57 EPS. The company's revenue was down 15.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. raised its holdings in shares of Nucor by 29.7% in the second quarter. Pacer Advisors Inc. now owns 2,884,802 shares of the basic materials company's stock valued at $456,030,000 after purchasing an additional 660,866 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Nucor by 14,525.9% during the third quarter. International Assets Investment Management LLC now owns 326,889 shares of the basic materials company's stock worth $49,144,000 after acquiring an additional 324,654 shares during the period. Swedbank AB purchased a new position in Nucor in the first quarter worth $37,395,000. Captrust Financial Advisors grew its stake in Nucor by 23.5% in the 1st quarter. Captrust Financial Advisors now owns 804,150 shares of the basic materials company's stock valued at $159,141,000 after purchasing an additional 153,077 shares during the period. Finally, Trinity Street Asset Management LLP purchased a new stake in shares of Nucor during the 2nd quarter valued at $19,213,000. Hedge funds and other institutional investors own 76.48% of the company's stock.

Insider Buying and Selling

In other Nucor news, EVP Daniel R. Needham sold 8,624 shares of the company's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $160.00, for a total transaction of $1,379,840.00. Following the transaction, the executive vice president now owns 99,049 shares in the company, valued at approximately $15,847,840. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.46% of the stock is owned by company insiders.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 1.53%. Nucor's payout ratio is currently 20.87%.

About Nucor

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.