Seaport Res Ptn Brokers Reduce Earnings Estimates for Nucor

Nucor Co. (NYSE:NUE) – Research analysts at Seaport Res Ptn reduced their Q1 2025 earnings estimates for shares of Nucor in a research note issued to investors on Sunday, December 15th. Seaport Res Ptn analyst M. Englert now expects that the basic materials company will post earnings per share of $1.36 for the quarter, down from their prior forecast 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.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.09. Nucor had a net margin of 8.05% and a return on equity of 12.06%. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter in the previous year, the firm posted $4.57 earnings per share. The company’s revenue was down 15.2% on a year-over-year basis.

Other analysts have also issued reports about the stock. BMO Capital Markets lowered their price objective on shares of Nucor from $175.00 to $160.00 and set a “market perform” rating for the company in a research note on Wednesday, September 18th. The Goldman Sachs Group assumed coverage on shares of Nucor in a research report on Monday, December 2nd. They issued a “buy” rating and a $190.00 price target for the company. JPMorgan Chase & Co. cut their price objective on shares of Nucor from $170.00 to $168.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley lowered their target price on Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, Argus upgraded Nucor to a “strong-buy” rating in a report on Monday, August 26th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $183.75.

Nucor Price Performance

Shares of NUE stock opened at $120.96 on Wednesday. Nucor has a twelve month low of $119.44 and a twelve month high of $203.00. The company has a current ratio of 2.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $148.02 and a two-hundred day simple moving average of $150.65. The stock has a market capitalization of $28.40 billion, a price-to-earnings ratio of 11.69 and a beta of 1.55.

Institutional Trading of Nucor

Large investors have recently bought and sold shares of the stock. McClarren Financial Advisors Inc. grew its position in Nucor by 129.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 158 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 89 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Nucor during the 3rd quarter worth approximately $26,000. Coastline Trust Co acquired a new stake in shares of Nucor in the third quarter worth $29,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Nucor in the third quarter worth $30,000. Finally, HHM Wealth Advisors LLC raised its holdings in shares of Nucor by 769.2% during the second quarter. HHM Wealth Advisors LLC now owns 226 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling

In other Nucor news, CEO Leon J. Topalian sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $169.11, for a total transaction of $1,860,210.00. Following the sale, the chief executive officer now owns 172,136 shares of the company’s stock, valued at approximately $29,109,918.96. The trade was a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kenneth Rex Query sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the sale, the executive vice president now directly owns 98,770 shares in the company, valued at approximately $14,499,436. This represents a 8.35 % decrease in their position. 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 in the last ninety days. 0.46% of the stock is owned by insiders.

Nucor Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Tuesday, December 31st will be given a $0.55 dividend. This is a boost from Nucor’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.82%. Nucor’s dividend payout ratio (DPR) is presently 20.87%.

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.