What is Seaport Res Ptn's Estimate for Nucor Q1 Earnings?

Nucor Co. (NYSE:NUE - Free Report) - Investment analysts at Seaport Res Ptn reduced their Q1 2025 EPS estimates for shares of Nucor in a note issued to investors on Sunday, December 15th. Seaport Res Ptn analyst M. Englert now anticipates that the basic materials company will earn $1.36 per share for the quarter, down from their prior estimate of $2.36. The consensus estimate for Nucor's current full-year earnings is $8.48 per share. Seaport Res Ptn also issued estimates for Nucor's Q2 2025 earnings at $2.62 EPS, Q3 2025 earnings at $2.34 EPS, Q4 2025 earnings at $2.02 EPS and FY2025 earnings at $8.34 EPS.

A number of other equities analysts have also commented on NUE. BMO Capital Markets lowered their price target on shares of Nucor from $175.00 to $160.00 and set a "market perform" rating on the stock in a research report on Wednesday, September 18th. Morgan Stanley lowered their target price on shares of Nucor from $170.00 to $166.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. Argus upgraded Nucor to a "strong-buy" rating in a research note on Monday, August 26th. The Goldman Sachs Group began coverage on Nucor in a research note on Monday, December 2nd. They set a "buy" rating and a $190.00 price objective on the stock. Finally, UBS Group reiterated a "neutral" rating and set a $156.00 target price (down 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $183.75.

Nucor Stock Performance

NUE stock traded down $3.02 during trading hours on Wednesday, hitting $117.96. 2,605,705 shares of the stock were exchanged, compared to its average volume of 1,593,786. Nucor has a 12 month low of $117.57 and a 12 month high of $203.00. The company has a current ratio of 2.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $27.70 billion, a P/E ratio of 11.40 and a beta of 1.55. The company has a 50-day simple moving average of $148.02 and a two-hundred day simple moving average of $150.65.

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

Hedge Funds Weigh In On Nucor

A number of institutional investors and hedge funds have recently bought and sold shares of NUE. State Street Corp grew its holdings in shares of Nucor by 2.9% during the third quarter. State Street Corp now owns 11,427,899 shares of the basic materials company's stock worth $1,724,117,000 after purchasing an additional 326,181 shares during the last quarter. Geode Capital Management LLC increased its position in Nucor by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,861,945 shares of the basic materials company's stock valued at $883,732,000 after acquiring an additional 74,569 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Nucor by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,909,388 shares of the basic materials company's stock valued at $617,915,000 after acquiring an additional 84,558 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Nucor by 19.8% during the third quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company's stock worth $519,648,000 after purchasing an additional 571,682 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Nucor by 3.2% in the second quarter. Legal & General Group Plc now owns 2,160,803 shares of the basic materials company's stock worth $341,580,000 after purchasing an additional 67,974 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company's stock.

Insider Activity

In related news, EVP Kenneth Rex Query sold 9,000 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the transaction, the executive vice president now directly owns 98,770 shares in the company, valued at $14,499,436. This represents a 8.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Allen C. Behr sold 4,968 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $159.72, for a total transaction of $793,488.96. Following the completion of the transaction, the executive vice president now directly owns 85,376 shares of the company's stock, valued at approximately $13,636,254.72. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,680 shares of company stock worth $4,773,724. Insiders own 0.46% of the company's stock.

Nucor Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, December 31st will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Tuesday, December 31st. This is an increase from Nucor's previous quarterly dividend of $0.54. Nucor's dividend payout ratio (DPR) is currently 21.26%.

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.