Nucor Co. (NYSE:NUE - Free Report) - Equities researchers at Seaport Res Ptn issued their FY2026 earnings estimates for Nucor in a report released on Monday, March 10th. Seaport Res Ptn analyst M. Englert expects that the basic materials company will post earnings per share of $11.26 for the year. The consensus estimate for Nucor's current full-year earnings is $7.64 per share.
A number of other equities analysts also recently commented on the stock. Citigroup decreased their price objective on shares of Nucor from $240.00 to $160.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Morgan Stanley lifted their price objective on shares of Nucor from $154.00 to $167.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. UBS Group reaffirmed a "neutral" rating and issued a $156.00 price objective (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Argus set a $155.00 price objective on shares of Nucor in a report on Wednesday, March 5th. Finally, Jefferies Financial Group boosted their price target on shares of Nucor from $125.00 to $135.00 and gave the company a "hold" rating in a report on Wednesday, January 29th. Four investment 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 stock. Based on data from MarketBeat, Nucor has an average rating of "Moderate Buy" and a consensus target price of $164.33.
View Our Latest Research Report on Nucor
Nucor Stock Up 2.1 %
Shares of Nucor stock traded up $2.70 on Wednesday, hitting $132.26. 2,111,160 shares of the company's stock traded hands, compared to its average volume of 1,812,630. The stock has a market cap of $30.49 billion, a P/E ratio of 15.73, a PEG ratio of 0.96 and a beta of 1.58. 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's 50-day moving average is $129.75 and its 200 day moving average is $138.57. Nucor has a 52-week low of $112.25 and a 52-week high of $203.00.
Nucor (NYSE:NUE - Get Free Report) last released its earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, beating the consensus estimate 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 company posted $3.16 earnings per share.
Nucor Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, March 31st will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Monday, March 31st. Nucor's dividend payout ratio (DPR) is presently 26.16%.
Institutional Investors Weigh In On Nucor
Several hedge funds and other institutional investors have recently bought and sold shares of NUE. CWA Asset Management Group LLC bought a new stake in Nucor in the third quarter worth about $333,000. Covestor Ltd raised its position in Nucor by 103.0% in the third quarter. Covestor Ltd now owns 1,015 shares of the basic materials company's stock worth $153,000 after acquiring an additional 515 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in Nucor by 1.2% during the 3rd quarter. Axxcess Wealth Management LLC now owns 8,468 shares of the basic materials company's stock worth $1,273,000 after buying an additional 100 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Nucor during the 3rd quarter worth about $26,000. Finally, GSA Capital Partners LLP acquired a new stake in Nucor during the 3rd quarter worth about $239,000. 76.48% of the stock is currently owned by institutional investors.
Nucor Company Profile
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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.
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