Nucor Stock Gets Increased EPS Estimate from Zacks Research

Nucor Corporation (NYSE:NUE) – Zacks Research lifted their Q2 2027 EPS estimates for shares of Nucor in a report issued on Monday, November 9th. Zacks Research analyst Team now expects that the basic materials company will post earnings of $5.51 per share for the quarter, up from their prior estimate of $5.16. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Nucor’s current full-year earnings is $19.63 per share. Zacks Research also issued estimates for Nucor’s Q4 2027 earnings at $4.25 EPS and Q2 2028 earnings at $5.89 EPS.

Several other research analysts have also issued reports on NUE. KeyCorp increased their target price on Nucor from $286.00 to $301.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 4th. Weiss Ratings upgraded Nucor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 15th. Cfra raised Nucor from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 4th. Citigroup reiterated a “buy” rating on shares of Nucor in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on Nucor from $296.00 to $304.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $287.38.

Nucor Stock Performance

Nucor stock opened at $249.48 on Tuesday. Nucor has a fifty-two week low of $140.93 and a fifty-two week high of $287.70. The stock’s 50 day simple moving average is $255.14 and its two-hundred day simple moving average is $225.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.43 and a current ratio of 2.46. The stock has a market cap of $56.60 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 0.66 and a beta of 1.81.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.84 by ($0.04). Nucor had a net margin of 9.26% and a return on equity of 15.53%. The company had revenue of $11.25 billion for the quarter, compared to analysts’ expectations of $10.84 billion. During the same quarter in the prior year, the firm earned $2.63 EPS. Nucor’s quarterly revenue was up 32.0% compared to the same quarter last year.

Hedge Funds Weigh In On Nucor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NUE. BlackRock Inc. purchased a new stake in Nucor during the 2nd quarter valued at $4,452,563,000. Aberdeen Group plc raised its stake in shares of Nucor by 5,993.6% in the third quarter. Aberdeen Group plc now owns 14,971,918 shares of the basic materials company’s stock worth $3,419,287,000 after purchasing an additional 14,726,217 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Nucor by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock worth $429,298,000 after purchasing an additional 22,718 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Nucor during the second quarter valued at $462,886,000. Finally, Berkshire Hathaway Inc bought a new position in shares of Nucor during the second quarter valued at $413,814,000. 76.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Allen C. Behr sold 11,846 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $272.90, for a total transaction of $3,232,773.40. Following the sale, the executive vice president directly owned 58,022 shares of the company’s stock, valued at approximately $15,834,203.80. This represents a 16.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Keller sold 1,136 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $279.33, for a total transaction of $317,318.88. Following the completion of the transaction, the insider owned 15,588 shares in the company, valued at approximately $4,354,196.04. This represents a 6.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 28,732 shares of company stock worth $7,881,287 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Wednesday, September 30th will be paid a $0.56 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. Nucor’s dividend payout ratio is presently 14.26%.

About Nucor

Nucor Corporation is a U.S.-based steel and steel products manufacturer. Its steel mills produce sheet, plate, bar, structural steel and reinforcing bar used in construction, manufacturing, transportation and other industries.

The company also makes downstream products such as steel joists, decking, fasteners, wire products and metal building components. Its operations include recycling ferrous scrap and producing direct reduced iron, materials used in steelmaking.

Nucor traces its roots to 1905 and developed into a steel producer during the mid-20th century.