Seaport Res Ptn Weighs in on Nucor’s Q1 Earnings (NYSE:NUE)

Nucor Corporation (NYSE:NUE) – Seaport Res Ptn cut their Q1 2026 earnings per share (EPS) estimates for shares of Nucor in a report issued on Wednesday, September 17th. Seaport Res Ptn analyst M. Englert now forecasts that the basic materials company will post earnings of $3.05 per share for the quarter, down from their prior estimate of $3.07. The consensus estimate for Nucor’s current full-year earnings is $7.64 per share. Seaport Res Ptn also issued estimates for Nucor’s Q2 2026 earnings at $3.23 EPS.

A number of other research analysts also recently weighed in on NUE. BMO Capital Markets raised Nucor from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $140.00 to $145.00 in a research note on Monday, June 2nd. UBS Group dropped their price target on Nucor from $153.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, May 29th. Wells Fargo & Company dropped their price target on Nucor from $146.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and upped their price target for the stock from $135.00 to $170.00 in a research note on Thursday, July 31st. Finally, Bank of America upped their price target on Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Nucor currently has an average rating of “Moderate Buy” and a consensus target price of $156.20.

Nucor Stock Down 0.9%

NUE stock opened at $133.03 on Friday. The stock’s 50 day simple moving average is $142.95 and its 200 day simple moving average is $128.63. Nucor has a fifty-two week low of $97.59 and a fifty-two week high of $170.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 2.83. The company has a market cap of $30.54 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 0.89 and a beta of 1.76.

Nucor (NYSE:NUE) last announced its earnings results on Monday, July 28th. The basic materials company reported $2.60 EPS 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 company had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same quarter in the prior year, the company earned $2.68 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year.

Hedge Funds Weigh In On Nucor

A number of large investors have recently made changes to their positions in NUE. Berkshire Hathaway Inc bought a new position in shares of Nucor in the second quarter worth $856,792,000. Norges Bank bought a new position in shares of Nucor in the second quarter worth $479,858,000. Diamond Hill Capital Management Inc. bought a new position in shares of Nucor in the first quarter worth $194,804,000. Nuveen LLC bought a new position in shares of Nucor in the first quarter worth $141,216,000. Finally, Greenwich Wealth Management LLC bought a new position in shares of Nucor in the second quarter worth $123,145,000. 76.48% of the stock is owned by institutional investors.

Insider Transactions at Nucor

In other Nucor news, EVP Daniel R. Needham sold 7,200 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $146.00, for a total value of $1,051,200.00. Following the completion of the sale, the executive vice president directly owned 92,179 shares of the company’s stock, valued at $13,458,134. This trade represents a 7.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kenneth Rex Query sold 10,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $144.90, for a total value of $1,449,000.00. Following the completion of the sale, the executive vice president directly owned 84,080 shares of the company’s stock, valued at $12,183,192. This represents a 10.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,397 shares of company stock valued at $6,763,814. Corporate insiders own 0.46% of the company’s stock.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Nucor’s dividend payout ratio (DPR) is currently 39.71%.

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.