Nucor Corporation (NYSE:NUE – Free Report) – Analysts at Zacks Research upped their Q3 2026 earnings estimates for Nucor in a report issued on Friday, May 22nd. Zacks Research analyst Team now forecasts that the basic materials company will post earnings per share of $5.54 for the quarter, up from their prior estimate of $4.70. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Nucor’s current full-year earnings is $14.58 per share. Zacks Research also issued estimates for Nucor’s Q4 2026 earnings at $4.59 EPS, FY2026 earnings at $18.83 EPS, Q1 2027 earnings at $5.49 EPS, FY2027 earnings at $22.41 EPS, Q1 2028 earnings at $5.24 EPS and FY2028 earnings at $22.23 EPS.
Nucor (NYSE:NUE – Get Free Report) last released its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.41. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The firm had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $8.88 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The company’s quarterly revenue was up 21.3% on a year-over-year basis.
Check Out Our Latest Analysis on NUE
Nucor Price Performance
Nucor stock opened at $240.21 on Wednesday. The company has a current ratio of 2.90, a quick ratio of 1.55 and a debt-to-equity ratio of 0.30. The business’s 50 day simple moving average is $198.93 and its 200 day simple moving average is $179.07. Nucor has a 12 month low of $106.21 and a 12 month high of $240.43. The company has a market cap of $54.71 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 0.62 and a beta of 1.87.
Institutional Investors Weigh In On Nucor
A number of institutional investors and hedge funds have recently modified their holdings of the company. RKL Wealth Management LLC grew its stake in Nucor by 0.9% during the first quarter. RKL Wealth Management LLC now owns 5,318 shares of the basic materials company’s stock valued at $899,000 after acquiring an additional 48 shares in the last quarter. Empirical Asset Management LLC lifted its stake in Nucor by 2.6% in the 4th quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company’s stock worth $347,000 after purchasing an additional 54 shares in the last quarter. Krilogy Financial LLC lifted its stake in Nucor by 4.1% in the 4th quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company’s stock worth $272,000 after purchasing an additional 61 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in Nucor by 49.2% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 63 shares during the period. Finally, IHT Wealth Management LLC grew its position in shares of Nucor by 2.0% during the 4th quarter. IHT Wealth Management LLC now owns 3,306 shares of the basic materials company’s stock valued at $539,000 after purchasing an additional 64 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, EVP David A. Sumoski sold 33,068 shares of Nucor stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $225.67, for a total value of $7,462,455.56. Following the completion of the transaction, the executive vice president directly owned 243,339 shares in the company, valued at approximately $54,914,312.13. The trade was a 11.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel R. Needham sold 12,888 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $226.00, for a total value of $2,912,688.00. Following the sale, the executive vice president owned 89,724 shares in the company, valued at approximately $20,277,624. The trade was a 12.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 71,818 shares of company stock valued at $16,234,593 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.
Nucor declared that its board has authorized a stock repurchase program on Friday, February 20th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 9.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
Nucor Company Profile
Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.
Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.
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