Nucor Co. (NYSE:NUE - Free Report) - Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for Nucor in a research report issued on Monday, March 10th. Zacks Research analyst R. Department now expects that the basic materials company will earn $3.58 per share for the quarter, up from their previous forecast of $3.54. The consensus estimate for Nucor's current full-year earnings is $7.64 per share.
Several other equities research analysts also recently issued reports on NUE. Morgan Stanley increased their price objective on Nucor from $154.00 to $167.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Citigroup reduced their price objective on Nucor from $240.00 to $160.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. JPMorgan Chase & Co. increased their price objective on Nucor from $150.00 to $156.00 and gave the stock an "overweight" rating in a research note on Tuesday. Jefferies Financial Group increased their price objective on Nucor from $125.00 to $135.00 and gave the stock a "hold" rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group initiated coverage on Nucor in a research note on Monday, December 2nd. They issued a "buy" rating and a $190.00 price objective for the company. Four investment 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $164.33.
Get Our Latest Stock Analysis on NUE
Nucor Trading Up 2.1 %
Shares of NYSE NUE traded up $2.70 during mid-day trading on Wednesday, hitting $132.26. 2,111,160 shares of the company traded hands, compared to its average volume of 1,812,630. The business has a 50 day moving average of $129.75 and a two-hundred day moving average of $138.57. The stock has a market capitalization of $30.49 billion, a price-to-earnings 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. Nucor has a 1 year low of $112.25 and a 1 year high of $203.00.
Nucor (NYSE:NUE - Get Free Report) last announced 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 prior year, the business earned $3.16 earnings per share.
Nucor Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, March 31st. Nucor's dividend payout ratio is 26.16%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. PKO Investment Management Joint Stock Co acquired a new position in shares of Nucor during the 4th quarter valued at about $1,064,000. Smith Shellnut Wilson LLC ADV increased its holdings in shares of Nucor by 19.0% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 3,073 shares of the basic materials company's stock valued at $359,000 after acquiring an additional 490 shares during the last quarter. Siemens Fonds Invest GmbH grew its holdings in Nucor by 305.6% in the 4th quarter. Siemens Fonds Invest GmbH now owns 12,386 shares of the basic materials company's stock valued at $1,446,000 after buying an additional 9,332 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in Nucor in the 4th quarter valued at approximately $48,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Nucor in the 4th quarter valued at approximately $15,668,000. Institutional investors and hedge funds own 76.48% of the company's stock.
About Nucor
(
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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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