Nucor (NYSE:NUE) Updates Q2 2026 Earnings Guidance

Nucor (NYSE:NUE) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.500-4.600 for the period, compared to the consensus earnings per share estimate of 4.300. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NUE. Wells Fargo & Company boosted their target price on Nucor from $244.00 to $292.00 and gave the stock an “overweight” rating in a research note on Thursday, June 4th. Argus boosted their target price on Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Bank of America boosted their target price on Nucor from $265.00 to $290.00 in a research note on Friday, June 12th. UBS Group cut Nucor from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $190.00 to $224.00 in a research note on Tuesday, April 28th. Finally, The Goldman Sachs Group boosted their target price on Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.50.

Nucor Price Performance

Shares of NYSE NUE opened at $252.35 on Thursday. The company has a current ratio of 2.90, a quick ratio of 1.55 and a debt-to-equity ratio of 0.30. Nucor has a twelve month low of $122.82 and a twelve month high of $270.90. The stock has a 50 day moving average of $227.74 and a two-hundred day moving average of $191.01. The stock has a market cap of $57.47 billion, a P/E ratio of 24.98, a P/E/G ratio of 0.66 and a beta of 1.88.

Nucor (NYSE:NUE) last issued its quarterly earnings data 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 return on equity of 10.68% and a net margin of 6.82%.The company had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $8.88 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. On average, research analysts forecast that Nucor will post 15.71 earnings per share for the current year.

Nucor Announces Dividend

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

Nucor announced that its Board of Directors has authorized a share buyback plan on Friday, February 20th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the basic materials company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Nucor news, EVP Randy J. Spicer sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $225.00, for a total value of $562,500.00. Following the completion of the sale, the executive vice president owned 20,510 shares in the company, valued at approximately $4,614,750. The trade was a 10.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allen C. Behr sold 10,096 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $226.08, for a total value of $2,282,503.68. Following the completion of the sale, the executive vice president owned 62,871 shares of the company’s stock, valued at approximately $14,213,875.68. This represents a 13.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 82,378 shares of company stock valued at $18,963,930 in the last 90 days. Company insiders own 0.62% of the company’s stock.

Nucor News Roundup

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Nucor raised second-quarter 2026 EPS guidance to $4.50-$4.60, ahead of the $4.30 consensus estimate, suggesting stronger-than-expected profitability in the current quarter.
• Positive Sentiment: Steel prices have rebounded and demand from construction and automotive customers remains firm, a backdrop that could support margins and sales for Nucor and other steel producers.
• Positive Sentiment: Goldman Sachs recently lifted its price target on Nucor to $284 from $260 and kept a buy rating, signaling continued analyst confidence in the stock’s upside.
• Neutral Sentiment: Recent market commentary has highlighted Nucor’s strong relative price performance and earnings estimate momentum, but these are more reflections of recent trading strength than new fundamental news.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sivia Capital Partners LLC acquired a new position in shares of Nucor in the second quarter valued at approximately $390,000. Northeast Financial Consultants Inc acquired a new position in shares of Nucor in the second quarter valued at approximately $207,000. Odyssean LLC acquired a new position in shares of Nucor in the fourth quarter valued at approximately $202,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Nucor in the third quarter valued at approximately $159,000. Finally, Sfam LLC acquired a new position in shares of Nucor in the fourth quarter valued at approximately $152,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

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.