Seaport Res Ptn Has Negative Outlook for Nucor Q2 Earnings

Nucor Corporation (NYSE:NUE) – Investment analysts at Seaport Res Ptn lowered their Q2 2026 earnings per share estimates for shares of Nucor in a research report issued on Wednesday, September 10th. Seaport Res Ptn analyst M. Englert now expects that the basic materials company will post earnings per share of $3.25 for the quarter, down from their previous estimate of $3.34. The consensus estimate for Nucor’s current full-year earnings is $7.64 per share. Seaport Res Ptn also issued estimates for Nucor’s FY2026 earnings at $11.67 EPS.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets upgraded Nucor from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $140.00 to $145.00 in a report on Monday, June 2nd. Morgan Stanley lifted their target price on Nucor from $134.00 to $149.00 and gave the stock an “overweight” rating in a report on Friday, June 20th. JPMorgan Chase & Co. lifted their target price on Nucor from $143.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Wells Fargo & Company upgraded Nucor to a “hold” rating in a report on Thursday, August 14th. Finally, Jefferies Financial Group upgraded Nucor from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $170.00 in a report on Thursday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Nucor has a consensus rating of “Moderate Buy” and a consensus target price of $155.78.

Nucor Stock Up 1.4%

Shares of NUE stock opened at $143.82 on Thursday. Nucor has a 1 year low of $97.59 and a 1 year high of $170.52. The stock has a market cap of $33.01 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 0.90 and a beta of 1.76. The business’s fifty day moving average is $143.05 and its 200-day moving average is $128.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 2.83.

Nucor (NYSE:NUE) last announced its earnings results on Monday, July 28th. The basic materials company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.06. Nucor had a return on equity of 6.65% and a net margin of 4.21%.The firm had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter in the previous year, the business earned $2.68 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 30th. Nucor’s dividend payout ratio is 39.71%.

Insider Buying and Selling

In related news, EVP Daniel R. Needham sold 7,200 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the completion of the sale, the executive vice president owned 92,179 shares in the company, valued at $13,458,134. This represents a 7.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Allen C. Behr sold 8,021 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $143.38, for a total value of $1,150,050.98. Following the sale, the executive vice president owned 82,703 shares of the company’s stock, valued at approximately $11,857,956.14. The trade was a 8.84% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,397 shares of company stock worth $6,763,814. Insiders own 0.46% of the company’s stock.

Institutional Trading of Nucor

A number of hedge funds have recently modified their holdings of NUE. Focus Partners Wealth lifted its position in shares of Nucor by 5.4% in the 4th quarter. Focus Partners Wealth now owns 15,941 shares of the basic materials company’s stock worth $1,861,000 after acquiring an additional 820 shares during the period. Gotham Asset Management LLC increased its holdings in Nucor by 94.1% during the 4th quarter. Gotham Asset Management LLC now owns 16,126 shares of the basic materials company’s stock valued at $1,882,000 after purchasing an additional 7,818 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Nucor by 137.8% during the 4th quarter. Janus Henderson Group PLC now owns 81,801 shares of the basic materials company’s stock valued at $9,554,000 after purchasing an additional 47,403 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Nucor by 2.9% during the 4th quarter. Lazard Asset Management LLC now owns 51,255 shares of the basic materials company’s stock valued at $5,981,000 after purchasing an additional 1,426 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Nucor by 8.0% during the 4th quarter. Nuveen Asset Management LLC now owns 1,238,994 shares of the basic materials company’s stock valued at $144,603,000 after purchasing an additional 91,687 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.