Research Analysts Offer Predictions for Nucor Q4 Earnings

Nucor Corporation (NYSE:NUE) – Investment analysts at Zacks Research cut their Q4 2027 earnings estimates for Nucor in a research report issued on Wednesday, March 11th. Zacks Research analyst Team now expects that the basic materials company will post earnings per share of $2.40 for the quarter, down from their previous forecast of $2.41. The consensus estimate for Nucor’s current full-year earnings is $7.64 per share.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, January 26th. The basic materials company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.18). The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.93 billion. Nucor had a return on equity of 8.26% and a net margin of 5.37%.The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.22 EPS.

Several other equities analysts also recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Nucor in a research report on Monday, December 29th. Morgan Stanley restated an “equal weight” rating and issued a $180.00 price objective (up from $165.00) on shares of Nucor in a report on Friday, January 9th. Wall Street Zen lowered shares of Nucor from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. JPMorgan Chase & Co. raised their price target on shares of Nucor from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Finally, BMO Capital Markets upped their price objective on shares of Nucor from $190.00 to $196.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $187.90.

Nucor Price Performance

NYSE:NUE opened at $163.52 on Friday. Nucor has a 12 month low of $97.59 and a 12 month high of $196.90. The stock has a 50 day moving average of $177.20 and a two-hundred day moving average of $158.45. The company has a current ratio of 2.94, a quick ratio of 1.57 and a debt-to-equity ratio of 0.31. The firm has a market cap of $37.25 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 0.59 and a beta of 1.83.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Nucor by 0.7% during the second quarter. Vanguard Group Inc. now owns 29,171,068 shares of the basic materials company’s stock worth $3,778,820,000 after buying an additional 211,741 shares during the period. State Street Corp lifted its stake in Nucor by 3.1% during the 2nd quarter. State Street Corp now owns 12,501,779 shares of the basic materials company’s stock worth $1,626,321,000 after acquiring an additional 371,911 shares in the last quarter. Berkshire Hathaway Inc acquired a new position in Nucor during the 2nd quarter worth about $856,792,000. Morgan Stanley boosted its holdings in Nucor by 1.1% during the 4th quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock valued at $628,497,000 after acquiring an additional 41,728 shares during the period. Finally, Norges Bank purchased a new position in Nucor during the 4th quarter valued at about $609,002,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 7,452 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $196.02, for a total value of $1,460,741.04. Following the transaction, the executive vice president owned 76,628 shares of the company’s stock, valued at $15,020,620.56. This represents a 8.86% 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 Daniel R. Needham sold 3,881 shares of Nucor stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $178.00, for a total transaction of $690,818.00. Following the sale, the executive vice president owned 88,298 shares of the company’s stock, valued at approximately $15,717,044. This represents a 4.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,351 shares of company stock valued at $6,206,158 in the last quarter. Corporate insiders own 0.46% of the company’s stock.

Nucor declared that its Board of Directors has authorized a share repurchase plan on Friday, February 20th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the basic materials company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Nucor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Nucor’s dividend payout ratio (DPR) is presently 29.71%.

About Nucor

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.