Seaport Res Ptn Issues Negative Outlook for Nucor Earnings

Nucor Co. (NYSE:NUE) – Seaport Res Ptn dropped their Q1 2025 EPS estimates for shares of Nucor in a report released on Sunday, December 15th. Seaport Res Ptn analyst M. Englert now forecasts that the basic materials company will earn $1.36 per share for the quarter, down from their previous forecast of $2.36. The consensus estimate for Nucor’s current full-year earnings is $8.48 per share. Seaport Res Ptn also issued estimates for Nucor’s Q2 2025 earnings at $2.62 EPS, Q3 2025 earnings at $2.34 EPS, Q4 2025 earnings at $2.02 EPS and FY2025 earnings at $8.34 EPS.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of Nucor from $170.00 to $168.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. BMO Capital Markets decreased their price target on Nucor from $175.00 to $160.00 and set a “market perform” rating for the company in a research note on Wednesday, September 18th. Morgan Stanley dropped their price objective on Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. The Goldman Sachs Group assumed coverage on Nucor in a research note on Monday, December 2nd. They issued a “buy” rating and a $190.00 target price on the stock. Finally, Argus raised shares of Nucor to a “strong-buy” rating in a research note on Monday, August 26th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.75.

Nucor Price Performance

Shares of Nucor stock opened at $117.96 on Wednesday. The stock has a market cap of $27.70 billion, a price-to-earnings ratio of 11.40 and a beta of 1.55. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.59. The stock has a 50 day moving average price of $147.34 and a 200-day moving average price of $150.42. Nucor has a one year low of $117.57 and a one year high of $203.00.

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

Nucor Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.87%. The ex-dividend date is Tuesday, December 31st. This is an increase from Nucor’s previous quarterly dividend of $0.54. Nucor’s payout ratio is currently 21.26%.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 9,000 shares of Nucor 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 transaction, the executive vice president now owns 98,770 shares in the company, valued at approximately $14,499,436. This trade represents a 8.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Allen C. Behr sold 4,968 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was 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 in the company, 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. In the last quarter, insiders have sold 29,680 shares of company stock worth $4,773,724. 0.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Nucor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Nucor by 2.9% in the 3rd 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 last quarter. Geode Capital Management LLC lifted its stake in shares of Nucor by 1.3% in the third quarter. Geode Capital Management LLC now owns 5,861,945 shares of the basic materials company’s stock worth $883,732,000 after buying an additional 74,569 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Nucor by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,909,388 shares of the basic materials company’s stock valued at $617,915,000 after acquiring an additional 84,558 shares in the last quarter. Pacer Advisors Inc. raised its holdings in 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 acquiring an additional 571,682 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Nucor by 3.2% in the 2nd quarter. Legal & General Group Plc now owns 2,160,803 shares of the basic materials company’s stock worth $341,580,000 after purchasing an additional 67,974 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

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.