FY2025 Earnings Estimate for Nucor Issued By KeyCorp

Nucor Co. (NYSE:NUE) – KeyCorp reduced their FY2025 earnings per share (EPS) estimates for shares of Nucor in a note issued to investors on Monday, February 10th. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will post earnings of $7.50 per share for the year, down from their previous forecast of $7.55. The consensus estimate for Nucor’s current full-year earnings is $7.88 per share.

Nucor (NYSE:NUE) last announced its earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, topping 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 period in the prior year, the company posted $3.16 EPS.

NUE has been the topic of several other reports. Citigroup reduced their target price on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. The Goldman Sachs Group started coverage on Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 price objective on the stock. UBS Group reaffirmed a “neutral” rating and set a $156.00 price objective (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Jefferies Financial Group upped their price objective on Nucor from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, January 29th. Finally, StockNews.com raised Nucor from a “sell” rating to a “hold” rating in a report on Wednesday. Four 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.13.

Nucor Stock Up 1.5 %

Shares of NUE opened at $135.61 on Wednesday. The company has a market capitalization of $31.84 billion, a P/E ratio of 16.13 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. Nucor has a one year low of $112.25 and a one year high of $203.00. The business’s 50 day simple moving average is $125.19 and its 200-day simple moving average is $140.66.

Nucor Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, December 31st were given a $0.55 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Nucor’s previous quarterly dividend of $0.54. Nucor’s dividend payout ratio is currently 26.16%.

Institutional Trading of Nucor

A number of large investors have recently made changes to their positions in NUE. Norges Bank bought a new stake in shares of Nucor in the 4th quarter valued at $398,077,000. Mizuho Securities USA LLC increased its position in shares of Nucor by 8,530.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,595,179 shares of the basic materials company’s stock valued at $239,819,000 after buying an additional 1,576,695 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Nucor by 19.8% in the 3rd quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company’s stock valued at $519,648,000 after buying an additional 571,682 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Nucor in the 3rd quarter valued at $74,829,000. Finally, Invesco Ltd. increased its position in shares of Nucor by 18.7% in the 4th quarter. Invesco Ltd. now owns 2,435,265 shares of the basic materials company’s stock valued at $284,220,000 after buying an additional 384,205 shares in the last quarter. Institutional investors 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.