KeyCorp Estimates Nucor’s FY2026 Earnings (NYSE:NUE)

Nucor Co. (NYSE:NUE) – Equities researchers at KeyCorp issued their FY2026 EPS estimates for Nucor in a research note issued to investors on Monday, February 10th. KeyCorp analyst P. Gibbs expects that the basic materials company will earn $8.55 per share for the year. The consensus estimate for Nucor’s current full-year earnings is $7.88 per share.

Nucor (NYSE:NUE) last issued its earnings results on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same period in the prior year, the business earned $3.16 EPS.

Several other research firms have also commented on NUE. StockNews.com upgraded shares of Nucor from a “sell” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group increased their target price on Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, January 29th. Morgan Stanley lowered their price target on shares of Nucor from $166.00 to $154.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Citigroup cut their price objective on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group began coverage on shares of Nucor in a report on Monday, December 2nd. They issued a “buy” rating and a $190.00 target price on the stock. Four research 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.13.

Nucor Price Performance

Shares of NYSE NUE opened at $134.30 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. The firm’s 50 day simple moving average is $125.19 and its 200-day simple moving average is $140.66. Nucor has a 12 month low of $112.25 and a 12 month high of $203.00. The stock has a market capitalization of $31.53 billion, a price-to-earnings ratio of 15.96 and a beta of 1.60.

Nucor Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, December 31st were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Nucor’s previous quarterly dividend of $0.54. Nucor’s dividend payout ratio (DPR) is presently 26.16%.

Institutional Trading of Nucor

A number of large investors have recently made changes to their positions in NUE. Ilmarinen Mutual Pension Insurance Co raised its holdings in shares of Nucor by 53.8% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 20,000 shares of the basic materials company’s stock valued at $2,334,000 after purchasing an additional 7,000 shares in the last quarter. Aviva PLC increased its holdings in Nucor by 164.9% in the fourth quarter. Aviva PLC now owns 143,060 shares of the basic materials company’s stock valued at $16,697,000 after buying an additional 89,059 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Nucor in the fourth quarter valued at $10,213,000. Smith Moore & CO. raised its stake in Nucor by 29.1% in the fourth quarter. Smith Moore & CO. now owns 1,845 shares of the basic materials company’s stock valued at $215,000 after buying an additional 416 shares in the last quarter. Finally, Unison Advisors LLC lifted its holdings in Nucor by 0.3% during the 4th quarter. Unison Advisors LLC now owns 42,252 shares of the basic materials company’s stock worth $4,954,000 after buying an additional 147 shares during the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

About Nucor

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.