What is KeyCorp’s Forecast for Nucor FY2025 Earnings?

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

A number of other research firms have also weighed in on NUE. Jefferies Financial Group reduced their target price on shares of Nucor from $150.00 to $125.00 and set a “hold” rating on the stock in a report on Monday, January 6th. UBS Group restated a “neutral” rating and issued a $156.00 price objective (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. The Goldman Sachs Group started coverage on Nucor in a report on Monday, December 2nd. They set a “buy” rating and a $190.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on Nucor from $168.00 to $152.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Morgan Stanley cut their price objective on Nucor from $170.00 to $166.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.63.

Nucor Stock Performance

NYSE:NUE opened at $122.19 on Thursday. The stock’s 50-day moving average is $131.15 and its 200-day moving average is $143.67. Nucor has a 1-year low of $112.25 and a 1-year high of $203.00. The company has a current ratio of 2.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. The stock has a market cap of $28.69 billion, a P/E ratio of 11.81 and a beta of 1.60.

Nucor Increases Dividend

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

Insider Activity

In other Nucor news, CEO Leon J. Topalian sold 11,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $169.11, for a total value of $1,860,210.00. Following the completion of the sale, the chief executive officer now directly owns 172,136 shares in the company, valued at approximately $29,109,918.96. This trade represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen D. Laxton sold 4,712 shares of the company’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 in the company, valued at $13,923,837.96. This represents a 5.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,680 shares of company stock worth $4,773,724 in the last quarter. 0.46% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Nucor

A number of hedge funds have recently added to or reduced their stakes in NUE. Ashton Thomas Securities LLC bought a new position in shares of Nucor in the 3rd quarter worth $26,000. Coastline Trust Co bought a new position in shares of Nucor in the third quarter valued at $29,000. Crews Bank & Trust acquired a new position in shares of Nucor during the fourth quarter valued at about $29,000. Brown Lisle Cummings Inc. bought a new stake in shares of Nucor during the third quarter worth about $30,000. Finally, New Wave Wealth Advisors LLC acquired a new stake in shares of Nucor in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

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.