3 days Ago By ABMN Staff
Nucor Co. ( NYSE:NUE – Free Report ) – Equities researchers at Seaport Res Ptn upped their Q2 2025 earnings per share (EPS) estimates for shares of Nucor in a report issued on Friday, September 13th. Seaport Res Ptn analyst M.
Englert now anticipates that the basic materials company will post earnings of $3.63 per share for the quarter, up from their previous forecast of $3.43.
The consensus estimate for Nucor’s current full-year earnings is $9.95 per share. Seaport Res Ptn also issued estimates for Nucor’s FY2025 earnings at $12.
20 EPS. A number of other equities research analysts also recently weighed in on the stock. Bank of America decreased their price target on shares of Nucor from $210.
00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. JPMorgan Chase & Co.
raised shares of Nucor from a “neutral” rating to an “overweight” rating and upped their target price for the company from $170.00 to $174.00 in a research note on Monday, September 9th.
BMO Capital Markets decreased their price objective on Nucor from $185.00 to $175.00 and set a “market perform” rating on the stock in a report on Monday, June 17th.
Morgan Stanley raised Nucor from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $187.00 to $176.00 in a report on Thursday, August 15th.
Finally, Argus raised Nucor to a “strong-buy” rating in a research note on Monday, August 26th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.
00. Nucor Price Performance Shares of NUE stock opened at $143.59 on Monday.
The company has a market capitalization of $34.43 billion, a P/E ratio of 8.45 and a beta of 1.
55. The company has a current ratio of 2.93, a quick ratio of 1.
85 and a debt-to-equity ratio of 0.26. Nucor has a 12 month low of $133.
42 and a 12 month high of $203.00. The stock has a 50 day moving average of $150.
71 and a two-hundred day moving average of $167.41. Nucor ( NYSE:NUE – Get Free Report ) last posted its quarterly earnings results on Monday, July 22nd.
The basic materials company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.
37. Nucor had a net margin of 10.45% and a return on equity of 15.
69%. The company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $7.
69 billion. During the same period last year, the business posted $5.81 EPS.
The business’s quarterly revenue was down 15.2% on a year-over-year basis. Hedge Funds Weigh In On Nucor A number of hedge funds and other institutional investors have recently bought and sold shares of NUE.
Norges Bank bought a new stake in shares of Nucor in the 4th quarter valued at about $377,631,000. Pacer Advisors Inc. boosted its position in Nucor by 29.
7% during the second quarter. Pacer Advisors Inc. now owns 2,884,802 shares of the basic materials company’s stock valued at $456,030,000 after purchasing an additional 660,866 shares during the last quarter.
Global Assets Advisory LLC bought a new position in shares of Nucor in the first quarter valued at about $90,216,000. Swedbank AB bought a new position in Nucor in the 1st quarter valued at about $37,395,000. Finally, Captrust Financial Advisors boosted its holdings in shares of Nucor by 23.
5% during the first quarter. Captrust Financial Advisors now owns 804,150 shares of the basic materials company’s stock worth $159,141,000 after acquiring an additional 153,077 shares during the period. 76.
48% of the stock is owned by institutional investors. Insider Activity at Nucor In other news, EVP Daniel R. Needham sold 8,624 shares of the company’s stock in a transaction on Wednesday, July 31st.
The stock was sold at an average price of $160.00, for a total transaction of $1,379,840.00.
Following the transaction, the executive vice president now owns 99,049 shares of the company’s stock, valued at $15,847,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . 0.
46% of the stock is currently owned by company insiders. Nucor Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.
54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.
50%. The ex-dividend date is Friday, September 27th. Nucor’s dividend payout ratio is currently 12.
71%. Nucor Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Nucor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor and related companies with MarketBeat.com's FREE daily email newsletter .
.
