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

Nucor Co. (NYSE:NUE) – Equities research analysts at KeyCorp reduced their FY2025 earnings per share estimates for Nucor in a report issued on Monday, February 10th. KeyCorp analyst P. Gibbs now anticipates that the basic materials company will post earnings of $7.50 per share for the year, down from their prior estimate of $7.55. The consensus estimate for Nucor’s current full-year earnings is $7.88 per share.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group initiated coverage on shares of Nucor in a research note on Monday, December 2nd. They issued a “buy” rating and a $190.00 target price for the company. Jefferies Financial Group raised their price objective on shares of Nucor from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, January 29th. Citigroup dropped their target price on Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Morgan Stanley reduced their price target on Nucor from $166.00 to $154.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, UBS Group restated a “neutral” rating and issued a $156.00 price target (down from $171.00) on shares of Nucor in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.13.

Nucor Price Performance

Shares of NYSE NUE opened at $138.29 on Wednesday. The stock has a fifty day moving average price of $125.83 and a 200 day moving average price of $140.87. Nucor has a 1-year low of $112.25 and a 1-year high of $203.00. 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 company has a market cap of $32.47 billion, a PE ratio of 16.44 and a beta of 1.60.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $3.16 earnings per share.

Nucor Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Tuesday, December 31st. This is an increase from Nucor’s previous quarterly dividend of $0.54. Nucor’s payout ratio is 26.16%.

Institutional Investors Weigh In On Nucor

Large investors have recently added to or reduced their stakes in the business. Mizuho Securities USA LLC lifted its holdings in shares of Nucor by 8,530.1% in the third quarter. Mizuho Securities USA LLC now owns 1,595,179 shares of the basic materials company’s stock valued at $239,819,000 after purchasing an additional 1,576,695 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Nucor by 19.8% during the 3rd quarter. Pacer Advisors Inc. now owns 3,456,484 shares of the basic materials company’s stock worth $519,648,000 after purchasing an additional 571,682 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in Nucor in the 3rd quarter valued at approximately $74,829,000. Nordea Investment Management AB grew its holdings in Nucor by 25.6% during the 4th quarter. Nordea Investment Management AB now owns 1,758,753 shares of the basic materials company’s stock valued at $205,282,000 after buying an additional 358,721 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Nucor during the fourth quarter worth $38,714,000. 76.48% of the stock is owned by institutional investors and hedge funds.

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.