Zacks Research Weighs in on Nucor’s Q3 Earnings (NYSE:NUE)

Nucor Corporation (NYSE:NUE) – Equities researchers at Zacks Research raised their Q3 2026 EPS estimates for shares of Nucor in a research note issued to investors on Wednesday, June 24th. Zacks Research analyst Team now forecasts that the basic materials company will earn $5.62 per share for the quarter, up from their previous forecast of $5.54. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Nucor’s current full-year earnings is $16.34 per share. Zacks Research also issued estimates for Nucor’s Q4 2026 earnings at $4.68 EPS, FY2026 earnings at $18.30 EPS, Q1 2027 earnings at $5.64 EPS, Q2 2027 earnings at $5.80 EPS, Q3 2027 earnings at $5.94 EPS, Q4 2027 earnings at $5.69 EPS, FY2027 earnings at $23.07 EPS, Q1 2028 earnings at $5.51 EPS and FY2028 earnings at $23.37 EPS.

Several other analysts have also issued reports on NUE. BMO Capital Markets boosted their price target on Nucor from $250.00 to $285.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. UBS Group downgraded Nucor from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $190.00 to $224.00 in a research note on Tuesday, April 28th. Wells Fargo & Company cut their price objective on Nucor from $292.00 to $283.00 and set an “overweight” rating for the company in a research note on Thursday, June 18th. Argus increased their target price on shares of Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, CICC Research started coverage on shares of Nucor in a research note on Monday, May 25th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nucor has a consensus rating of “Moderate Buy” and an average target price of $266.92.

Nucor Trading Up 0.2%

NYSE:NUE opened at $240.13 on Thursday. Nucor has a one year low of $127.75 and a one year high of $270.90. The business has a fifty day moving average price of $233.69 and a 200-day moving average price of $193.86. The firm has a market capitalization of $54.69 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 0.59 and a beta of 1.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.90 and a quick ratio of 1.55.

Nucor (NYSE:NUE) last announced its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.41. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The company had revenue of $9.50 billion during the quarter, compared to analyst estimates of $8.88 billion. During the same period in the previous year, the business posted $0.77 earnings per share. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year.

Hedge Funds Weigh In On Nucor

Several institutional investors have recently bought and sold shares of the stock. Sapient Capital LLC lifted its stake in Nucor by 6.5% in the 1st quarter. Sapient Capital LLC now owns 3,925 shares of the basic materials company’s stock worth $666,000 after purchasing an additional 241 shares in the last quarter. Western Wealth Management LLC grew its position in shares of Nucor by 41.7% during the first quarter. Western Wealth Management LLC now owns 4,378 shares of the basic materials company’s stock valued at $740,000 after purchasing an additional 1,288 shares in the last quarter. LFG Wealth Partners LLC grew its position in shares of Nucor by 11.4% during the first quarter. LFG Wealth Partners LLC now owns 11,219 shares of the basic materials company’s stock valued at $1,897,000 after purchasing an additional 1,147 shares in the last quarter. DV Trading LLC increased its holdings in shares of Nucor by 993.8% in the first quarter. DV Trading LLC now owns 1,400 shares of the basic materials company’s stock worth $237,000 after purchasing an additional 1,272 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in Nucor by 7.6% in the 1st quarter. Parallel Advisors LLC now owns 3,373 shares of the basic materials company’s stock worth $570,000 after acquiring an additional 239 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP John J. Hollatz sold 10,560 shares of Nucor stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the sale, the executive vice president owned 97,865 shares of the company’s stock, valued at approximately $25,294,187.90. This trade represents a 9.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Allen C. Behr sold 10,096 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $226.08, for a total value of $2,282,503.68. Following the completion of the transaction, the executive vice president directly owned 62,871 shares in the company, valued at approximately $14,213,875.68. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 82,378 shares of company stock valued at $18,963,930. Insiders own 0.62% of the company’s stock.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. Nucor’s dividend payout ratio (DPR) is currently 22.18%.

Key Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Zacks Research increased its estimates for several upcoming periods, including Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, FY2027, and FY2028, signaling expectations for continued earnings growth. Nucor research updates
• Positive Sentiment: The firm reiterated a Strong-Buy rating on Nucor, which may help support investor confidence in the stock. Nucor research updates
• Positive Sentiment: Analysts now see FY2027 EPS at $23.07 and FY2028 EPS at $23.37, both above prior estimates, suggesting longer-term earnings momentum for the company. Nucor research updates
• Neutral Sentiment: Zacks trimmed FY2026 EPS slightly to $18.30 from $18.83, so near-term expectations were mixed even though the broader forecast trend remains favorable. Nucor research updates

About Nucor

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.