Nucor Corporation (NYSE:NUE – Free Report) – Investment analysts at Zacks Research decreased their Q1 2027 earnings per share estimates for Nucor in a report issued on Tuesday, September 8th. Zacks Research analyst Team now forecasts that the basic materials company will earn $4.95 per share for the quarter, down from their previous estimate of $5.02. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Nucor’s current full-year earnings is $17.95 per share. Zacks Research also issued estimates for Nucor’s Q2 2027 earnings at $5.16 EPS, Q3 2027 earnings at $5.23 EPS, Q4 2027 earnings at $3.50 EPS and FY2027 earnings at $18.83 EPS.
Nucor (NYSE:NUE – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.38. The business had revenue of $10.40 billion during the quarter, compared to analysts’ expectations of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.60 earnings per share.
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Nucor Stock Down 1.8%
Shares of NYSE:NUE opened at $256.49 on Wednesday. Nucor has a 12 month low of $131.32 and a 12 month high of $280.11. The company’s 50-day moving average price is $249.48 and its two-hundred day moving average price is $222.65. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The firm has a market cap of $58.19 billion, a P/E ratio of 20.45, a P/E/G ratio of 0.97 and a beta of 1.87.
Institutional Trading of Nucor
A number of institutional investors have recently bought and sold shares of NUE. Northwestern Mutual Wealth Management Co. increased its stake in Nucor by 745.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 83,463 shares of the basic materials company’s stock worth $13,614,000 after purchasing an additional 73,588 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Nucor by 19.3% in the first quarter. California Public Employees Retirement System now owns 510,331 shares of the basic materials company’s stock valued at $86,297,000 after buying an additional 82,668 shares during the period. Pacific Heights Asset Management LLC boosted its holdings in shares of Nucor by 12.9% in the fourth quarter. Pacific Heights Asset Management LLC now owns 175,000 shares of the basic materials company’s stock valued at $28,544,000 after buying an additional 20,000 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of Nucor during the fourth quarter worth $23,804,000. Finally, Bank of New York Mellon Corp increased its position in shares of Nucor by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 1,809,899 shares of the basic materials company’s stock worth $306,054,000 after acquiring an additional 29,476 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.
Insider Activity
In other news, COO Stephen Laxton sold 3,968 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $256.96, for a total value of $1,019,617.28. Following the transaction, the chief operating officer owned 77,867 shares of the company’s stock, valued at approximately $20,008,704.32. This trade represents a 4.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas Batterbee sold 4,000 shares of Nucor stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the sale, the executive vice president owned 16,138 shares of the company’s stock, valued at approximately $4,212,340.76. This represents a 19.86% decrease in their position. The SEC filing for this sale provides additional information. 0.62% of the stock is currently owned by company insiders.
Nucor Company Profile
Nucor Corporation is a Charlotte, North Carolina-based steel and steel products company. It manufactures carbon, alloy and stainless steel products, including sheet, plate, bar, structural steel, rail, wire rod, rebar and merchant bar. The company also produces steel joists, deck, beams, piling, wire products, fasteners, grating, metal building systems and other fabricated steel products.
Nucor operates an integrated network of electric arc furnace steel mills, recycling facilities and downstream manufacturing operations.
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