Seaport Res Ptn Has Negative Estimate for Nucor Q1 Earnings

Nucor Co. (NYSE:NUE) – Stock analysts at Seaport Res Ptn cut their Q1 2025 earnings per share (EPS) estimates for shares of Nucor in a research report issued to clients and investors on Sunday, December 15th. Seaport Res Ptn analyst M. Englert now forecasts that the basic materials company will post earnings per share of $1.36 for the quarter, down from their prior estimate 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 have also issued reports about the company. Morgan Stanley cut 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 began coverage on Nucor in a research report on Monday, December 2nd. They issued a “buy” rating and a $190.00 target price on the stock. UBS Group reiterated a “neutral” rating and set a $156.00 price target (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. Argus upgraded Nucor to a “strong-buy” rating in a report on Monday, August 26th. Finally, Citigroup cut their price objective on shares of Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday. Four investment 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $173.75.

Nucor Trading Down 1.8 %

Shares of NYSE:NUE opened at $115.78 on Wednesday. The firm has a fifty day moving average of $146.64 and a two-hundred day moving average of $150.18. The company has a quick ratio of 1.61, a current ratio of 2.59 and a debt-to-equity ratio of 0.26. Nucor has a 12-month low of $115.29 and a 12-month high of $203.00. The firm has a market capitalization of $27.19 billion, a P/E ratio of 11.19 and a beta of 1.55.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, October 21st. The basic materials company reported $1.49 EPS for the quarter, topping the consensus estimate 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 firm’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same period last year, the company posted $4.57 earnings per share.

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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.20 dividend on an annualized basis and a yield of 1.90%. This is a boost from Nucor’s previous quarterly dividend of $0.54. Nucor’s dividend payout ratio is presently 21.26%.

Insider Buying and Selling at Nucor

In other news, EVP Kenneth Rex Query sold 9,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $146.80, for a total value of $1,321,200.00. Following the completion of the sale, the executive vice president now directly owns 98,770 shares in the company, valued at approximately $14,499,436. The trade was a 8.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allen C. Behr sold 4,968 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $159.72, for a total transaction of $793,488.96. Following the completion of the transaction, the executive vice president now owns 85,376 shares in the company, valued at $13,636,254.72. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,680 shares of company stock worth $4,773,724 over the last 90 days. Insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On Nucor

A number of institutional investors have recently made changes to their positions in the business. McClarren Financial Advisors Inc. boosted its stake in Nucor by 129.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 158 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 89 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Nucor during the third quarter worth approximately $26,000. Coastline Trust Co acquired a new position in shares of Nucor during the third quarter worth approximately $29,000. Brown Lisle Cummings Inc. bought a new stake in shares of Nucor in the third quarter valued at approximately $30,000. Finally, HHM Wealth Advisors LLC grew its stake in shares of Nucor by 769.2% in the second quarter. HHM Wealth Advisors LLC now owns 226 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 200 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

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.