FY2025 Earnings Estimate for Nucor Issued By KeyCorp

Nucor Co. (NYSE:NUE) – Stock analysts at KeyCorp issued their FY2025 EPS estimates for shares of Nucor in a report released on Tuesday, January 21st. KeyCorp analyst P. Gibbs anticipates that the basic materials company will earn $7.55 per share for the year. The consensus estimate for Nucor’s current full-year earnings is $8.13 per share.

A number of other brokerages have also recently weighed in on NUE. Morgan Stanley reduced their price target on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Jefferies Financial Group reduced their target price on shares of Nucor from $150.00 to $125.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. UBS Group reissued 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. Citigroup reduced their target price on shares of Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Nucor from $168.00 to $152.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Four 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 company. According to data from MarketBeat, Nucor has an average rating of “Moderate Buy” and a consensus target price of $163.63.

Nucor Price Performance

NUE opened at $121.95 on Thursday. The company’s 50 day simple moving average is $131.64 and its 200 day simple moving average is $143.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.59. Nucor has a 1 year low of $112.25 and a 1 year high of $203.00. The stock has a market capitalization of $28.63 billion, a PE ratio of 11.78 and a beta of 1.60.

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

Nucor Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.20 annualized dividend and a dividend yield of 1.80%. This is a positive change from Nucor’s previous quarterly dividend of $0.54. Nucor’s dividend payout ratio is currently 21.26%.

Insider Transactions at Nucor

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

Hedge Funds Weigh In On Nucor

A number of large investors have recently made changes to their positions in NUE. Renaissance Technologies LLC increased its holdings in shares of Nucor by 4.3% in the 2nd quarter. Renaissance Technologies LLC now owns 9,700 shares of the basic materials company’s stock valued at $1,533,000 after purchasing an additional 400 shares during the period. Sei Investments Co. increased its holdings in shares of Nucor by 91.4% in the 2nd quarter. Sei Investments Co. now owns 55,770 shares of the basic materials company’s stock valued at $8,816,000 after purchasing an additional 26,638 shares during the period. 1832 Asset Management L.P. increased its holdings in shares of Nucor by 31.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 15,524 shares of the basic materials company’s stock valued at $2,454,000 after purchasing an additional 3,680 shares during the period. Public Sector Pension Investment Board increased its holdings in Nucor by 64.7% in the second quarter. Public Sector Pension Investment Board now owns 9,100 shares of the basic materials company’s stock worth $1,439,000 after buying an additional 3,574 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in Nucor by 3.5% in the second quarter. Evergreen Capital Management LLC now owns 4,498 shares of the basic materials company’s stock worth $713,000 after buying an additional 154 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

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.