Equities Analysts Set Expectations for Nucor Q4 Earnings

Nucor Co. (NYSE:NUE) – Stock analysts at Zacks Research upped their Q4 2024 earnings estimates for Nucor in a report issued on Monday, November 11th. Zacks Research analyst R. Department now anticipates that the basic materials company will post earnings per share of $1.01 for the quarter, up from their prior forecast of $1.00. The consensus estimate for Nucor’s current full-year earnings is $8.52 per share. Zacks Research also issued estimates for Nucor’s Q1 2025 earnings at $2.20 EPS, Q1 2026 earnings at $3.10 EPS, Q2 2026 earnings at $3.52 EPS and Q3 2026 earnings at $2.64 EPS.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, October 21st. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.09. Nucor had a return on equity of 12.06% and a net margin of 8.05%. The business 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 business earned $4.57 EPS. The company’s quarterly revenue was down 15.2% on a year-over-year basis.

A number of other equities analysts also recently issued reports on NUE. Argus raised shares of Nucor to a “strong-buy” rating in a report on Monday, August 26th. Morgan Stanley reduced their price objective on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on Nucor from $170.00 to $168.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets decreased their price target on Nucor from $175.00 to $160.00 and set a “market perform” rating for the company in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Nucor presently has an average rating of “Moderate Buy” and a consensus target price of $190.57.

Nucor Trading Down 1.1 %

Shares of Nucor stock opened at $152.22 on Wednesday. The company has a market capitalization of $35.74 billion, a P/E ratio of 14.75 and a beta of 1.55. The stock has a fifty day simple moving average of $148.37 and a 200 day simple moving average of $155.24. Nucor has a 12-month low of $133.42 and a 12-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.

Institutional Investors Weigh In On Nucor

Several institutional investors have recently made changes to their positions in the stock. Cynosure Group LLC lifted its holdings in shares of Nucor by 7.7% in the third quarter. Cynosure Group LLC now owns 2,573 shares of the basic materials company’s stock worth $387,000 after buying an additional 185 shares in the last quarter. Townsquare Capital LLC increased its holdings in Nucor by 5.8% during the 3rd quarter. Townsquare Capital LLC now owns 4,622 shares of the basic materials company’s stock worth $695,000 after acquiring an additional 255 shares during the period. Qsemble Capital Management LP lifted its stake in Nucor by 46.3% in the 3rd quarter. Qsemble Capital Management LP now owns 15,841 shares of the basic materials company’s stock worth $2,382,000 after purchasing an additional 5,012 shares in the last quarter. Private Trust Co. NA boosted its holdings in Nucor by 29.1% in the 3rd quarter. Private Trust Co. NA now owns 2,840 shares of the basic materials company’s stock valued at $427,000 after purchasing an additional 641 shares during the period. Finally, Hancock Whitney Corp grew its position in shares of Nucor by 0.4% during the 3rd quarter. Hancock Whitney Corp now owns 56,805 shares of the basic materials company’s stock valued at $8,540,000 after purchasing an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Activity at Nucor

In other news, EVP Kenneth Rex Query sold 9,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 98,770 shares in the company, valued at approximately $14,499,436. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Allen C. Behr sold 4,968 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $159.72, for a total value of $793,488.96. Following the sale, the executive vice president now owns 85,376 shares of the company’s stock, valued at $13,636,254.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kenneth Rex Query sold 9,000 shares of Nucor stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the transaction, the executive vice president now owns 98,770 shares of the company’s stock, valued at $14,499,436. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,680 shares of company stock worth $4,773,724. Insiders own 0.46% of the company’s stock.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, September 27th were issued a $0.54 dividend. The ex-dividend date was Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.42%. 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.