Analysts Offer Predictions for Nucor FY2025 Earnings

Nucor Co. (NYSE:NUE) – Equities research analysts at KeyCorp issued their FY2025 earnings per share estimates for Nucor in a research note issued to investors on Tuesday, January 21st. KeyCorp analyst P. Gibbs forecasts 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 research analysts also recently issued reports on NUE. Citigroup decreased their target price on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Jefferies Financial Group decreased their price objective on Nucor from $150.00 to $125.00 and set a “hold” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on Nucor from $168.00 to $152.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Morgan Stanley decreased their price target on Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, UBS Group reaffirmed a “neutral” rating and set a $156.00 price objective (down previously from $171.00) on shares of Nucor in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.63.

Nucor Stock Up 0.0 %

NUE stock opened at $122.10 on Thursday. The company has a market capitalization of $28.67 billion, a P/E ratio of 11.80 and a beta of 1.60. Nucor has a 12 month low of $112.25 and a 12 month high of $203.00. The firm’s fifty 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 current ratio of 2.59 and a quick ratio of 1.61.

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

Hedge Funds Weigh In On Nucor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in shares of Nucor by 2.9% in the third quarter. State Street Corp now owns 11,427,899 shares of the basic materials company’s stock valued at $1,724,117,000 after purchasing an additional 326,181 shares during the period. National Pension Service boosted its holdings in Nucor by 3.2% in the 3rd quarter. National Pension Service now owns 652,502 shares of the basic materials company’s stock valued at $98,097,000 after purchasing an additional 20,258 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Nucor in the 4th quarter valued at approximately $565,000. BIP Wealth LLC acquired a new stake in shares of Nucor during the 3rd quarter worth approximately $681,000. Finally, Ascension Asset Management LLC acquired a new stake in shares of Nucor during the 2nd quarter worth approximately $885,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Transactions at Nucor

In other news, CEO Leon J. Topalian sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $169.11, for a total transaction of $1,860,210.00. Following the transaction, the chief executive officer now directly owns 172,136 shares in the company, valued at $29,109,918.96. The trade was a 6.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Allen C. Behr sold 4,968 shares of the stock in a transaction that occurred on 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 directly owns 85,376 shares of the company’s stock, valued at approximately $13,636,254.72. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,680 shares of company stock valued at $4,773,724 over the last 90 days. Corporate insiders own 0.46% of the company’s stock.

Nucor Increases Dividend

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

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.