Zacks Research Comments on Nucor’s Q4 Earnings (NYSE:NUE)

Nucor Co. (NYSE:NUE) – Analysts at Zacks Research increased their Q4 2024 EPS estimates for shares of Nucor in a research report issued on Monday, November 11th. Zacks Research analyst R. Department now forecasts that the basic materials company will post earnings per share of $1.01 for the quarter, up from their previous 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 issued its quarterly earnings data on Monday, October 21st. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter in the previous year, the firm earned $4.57 EPS. The company’s quarterly revenue was down 15.2% compared to the same quarter last year.

A number of other analysts have also recently commented on NUE. Morgan Stanley lowered their target price on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Nucor from $170.00 to $168.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Argus upgraded shares of Nucor to a “strong-buy” rating in a research note on Monday, August 26th. Finally, BMO Capital Markets decreased 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. Three equities research 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.57.

Nucor Stock Down 3.8 %

NUE stock opened at $146.38 on Wednesday. The firm has a 50 day moving average of $148.58 and a 200 day moving average of $155.22. The stock has a market capitalization of $34.37 billion, a PE ratio of 14.58 and a beta of 1.55. 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 52 week low of $133.42 and a 52 week high of $203.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. McClarren Financial Advisors Inc. lifted its position in shares of Nucor by 129.0% during the second 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 in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Nucor during the third quarter worth about $26,000. Coastline Trust Co acquired a new stake in shares of Nucor during the third quarter worth about $29,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Nucor during the third quarter worth about $30,000. Finally, HHM Wealth Advisors LLC lifted its position 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 in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Transactions at Nucor

In other news, CFO Stephen D. Laxton sold 4,712 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $169.53, for a total transaction of $798,825.36. Following the transaction, the chief financial officer now owns 82,132 shares of the company’s stock, valued at approximately $13,923,837.96. The trade was a 5.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Allen C. Behr sold 4,968 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $159.72, for a total transaction of $793,488.96. Following the transaction, the executive vice president now directly owns 85,376 shares in the company, valued at approximately $13,636,254.72. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,680 shares of company stock valued at $4,773,724 over the last 90 days. 0.46% of the stock is currently owned by corporate insiders.

Nucor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, September 27th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, September 27th. Nucor’s payout ratio is 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.