KeyCorp Forecasts Nucor’s FY2025 Earnings (NYSE:NUE)

Nucor Co. (NYSE:NUE) – Investment analysts at KeyCorp dropped their FY2025 earnings per share estimates for Nucor in a research note issued to investors on Monday, February 10th. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will earn $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.

A number of other equities analysts also recently issued reports on the company. Morgan Stanley decreased their price objective on Nucor from $166.00 to $154.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Citigroup lowered their price objective on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. UBS Group reissued a “neutral” rating and set a $156.00 target price (down previously from $171.00) on shares of Nucor in a research note on Thursday, December 12th. StockNews.com raised Nucor from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Jefferies Financial Group boosted their price objective on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and an average price target of $163.13.

Nucor Stock Performance

Shares of NUE stock opened at $133.63 on Wednesday. The stock has a fifty day moving average of $125.50 and a 200 day moving average of $140.71. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $31.38 billion, a price-to-earnings ratio of 15.89 and a beta of 1.60. Nucor has a 52 week low of $112.25 and a 52 week high of $203.00.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $3.16 earnings per share.

Nucor Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, December 31st were given a dividend of $0.55 per share. This is a positive change from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Tuesday, December 31st. Nucor’s dividend payout ratio is currently 26.16%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in Nucor during the fourth quarter worth approximately $398,077,000. Mizuho Securities USA LLC boosted its position in shares of Nucor by 8,530.1% during the third quarter. Mizuho Securities USA LLC now owns 1,595,179 shares of the basic materials company’s stock worth $239,819,000 after buying an additional 1,576,695 shares during the period. Pacer Advisors Inc. boosted its position in shares of Nucor by 19.8% during the third quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company’s stock worth $519,648,000 after buying an additional 571,682 shares during the period. Ceredex Value Advisors LLC purchased a new position in Nucor in the third quarter valued at $74,829,000. Finally, Nordea Investment Management AB boosted its holdings in Nucor by 25.6% in the fourth quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock valued at $205,282,000 after purchasing an additional 358,721 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Company Profile

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.