KeyCorp Estimates Nucor’s FY2025 Earnings (NYSE:NUE)

Nucor Co. (NYSE:NUE) – Equities researchers at KeyCorp issued their FY2025 EPS estimates for Nucor in a research note issued on Tuesday, January 21st. KeyCorp analyst P. Gibbs anticipates that the basic materials company will earn $7.55 per share for the year. The consensus estimate for Nucor’s current full-year earnings is $8.18 per share.

Several other equities analysts have also issued reports on NUE. Citigroup reduced their target price on Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, December 19th. The Goldman Sachs Group started coverage on Nucor in a research note on Monday, December 2nd. They set a “buy” rating and a $190.00 target price on the stock. UBS Group restated a “neutral” rating and set a $156.00 price objective (down previously from $171.00) on shares of Nucor in a report on Thursday, December 12th. Morgan Stanley dropped their target price on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group decreased their price target on shares of Nucor from $150.00 to $125.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.63.

Nucor Trading Up 0.1 %

NYSE:NUE opened at $122.19 on Thursday. Nucor has a 52 week low of $112.25 and a 52 week high of $203.00. The firm has a 50-day moving average price of $131.15 and a two-hundred day moving average price of $143.67. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.59. The firm has a market cap of $28.69 billion, a price-to-earnings ratio of 11.81 and a beta of 1.60.

Institutional Investors Weigh In On Nucor

A number of institutional investors and hedge funds have recently made changes to their positions in NUE. Widmann Financial Services Inc. increased its holdings in shares of Nucor by 4.0% during the third quarter. Widmann Financial Services Inc. now owns 1,800 shares of the basic materials company’s stock valued at $271,000 after acquiring an additional 70 shares in the last quarter. Salomon & Ludwin LLC increased its stake in Nucor by 45.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 72 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in Nucor by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 5,467 shares of the basic materials company’s stock worth $822,000 after buying an additional 74 shares during the last quarter. Mirador Capital Partners LP raised its holdings in Nucor by 1.5% in the third quarter. Mirador Capital Partners LP now owns 5,250 shares of the basic materials company’s stock worth $789,000 after buying an additional 77 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of Nucor by 1.7% during the third quarter. Citizens Financial Group Inc. RI now owns 4,629 shares of the basic materials company’s stock valued at $696,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Activity

In other Nucor news, EVP Kenneth Rex Query sold 9,000 shares of Nucor stock in a transaction dated 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 of the company’s stock, valued at $14,499,436. The trade was a 8.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen D. Laxton sold 4,712 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $169.53, for a total transaction of $798,825.36. Following the completion of the transaction, the chief financial officer now owns 82,132 shares of the company’s stock, valued at $13,923,837.96. This trade represents a 5.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,680 shares of company stock worth $4,773,724. 0.46% of the stock is owned by corporate insiders.

Nucor Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Tuesday, December 31st will be issued a $0.55 dividend. This is a positive change from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, December 31st. Nucor’s dividend payout ratio (DPR) is presently 21.26%.

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.