FY2026 Earnings Estimate for Nucor Issued By KeyCorp

Nucor Corporation (NYSE:NUE) – Analysts at KeyCorp issued their FY2026 EPS estimates for Nucor in a note issued to investors on Tuesday, June 23rd. KeyCorp analyst S. Mckinney anticipates that the basic materials company will post earnings per share of $16.50 for the year. KeyCorp currently has a “Overweight” rating and a $274.00 target price on the stock. The consensus estimate for Nucor’s current full-year earnings is $17.08 per share.

Nucor (NYSE:NUE) last posted its quarterly 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. The firm had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $8.88 billion. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The firm’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 earnings per share.

Several other analysts have also weighed in on the company. Wells Fargo & Company lowered their price objective on Nucor from $292.00 to $283.00 and set an “overweight” rating for the company in a report on Thursday, June 18th. The Goldman Sachs Group raised their price objective on Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. JPMorgan Chase & Co. lifted their price objective on shares of Nucor from $240.00 to $282.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Citigroup raised their price target on shares of Nucor from $180.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group increased their price objective on shares of Nucor from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Two 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $266.92.

Nucor Stock Performance

Shares of Nucor stock opened at $248.68 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. Nucor has a 1 year low of $128.46 and a 1 year high of $270.90. The firm’s 50-day simple moving average is $234.86 and its 200-day simple moving average is $194.48. The firm has a market cap of $56.63 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 0.57 and a beta of 1.88.

Institutional Trading of Nucor

Several hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Nucor by 745.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 83,463 shares of the basic materials company’s stock valued at $13,614,000 after purchasing an additional 73,588 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Nucor by 11.1% during the 4th quarter. Nordea Investment Management AB now owns 2,103,000 shares of the basic materials company’s stock worth $342,642,000 after buying an additional 210,577 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Nucor in the 4th quarter worth approximately $1,989,000. Oak Harvest Investment Services acquired a new stake in shares of Nucor in the 4th quarter worth approximately $6,329,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Nucor by 123.5% in the fourth quarter. SG Americas Securities LLC now owns 85,474 shares of the basic materials company’s stock valued at $13,942,000 after acquiring an additional 47,235 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Insider Activity

In other Nucor news, EVP Allen C. Behr sold 10,096 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the completion of the transaction, the executive vice president directly owned 62,871 shares of the company’s stock, valued at $14,213,875.68. The trade was a 13.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Noah C. Hanners sold 6,472 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $226.50, for a total transaction of $1,465,908.00. Following the completion of the transaction, the executive vice president owned 50,377 shares of the company’s stock, valued at approximately $11,410,390.50. This trade represents a 11.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 82,378 shares of company stock worth $18,963,930 over the last three months. Insiders own 0.62% of the company’s stock.

Nucor Announces Dividend

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

Key Headlines Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: KeyBanc upgraded Nucor on a more favorable steel pricing outlook, suggesting margin and earnings tailwinds may be building. Nucor upgraded at KeyBanc on steel pricing outlook
• Positive Sentiment: Zacks Research raised multiple earnings estimates for Nucor, including Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, FY2027 and FY2028, while keeping a Strong-Buy rating, reinforcing expectations for stronger profitability ahead.
• Positive Sentiment: Separate Zacks coverage noted that Nucor’s rising earnings estimates, capacity expansions, acquisitions and higher steel prices support the stock’s growth outlook. Here’s What Makes Nucor Stock a Solid Investment Option Now
• Neutral Sentiment: Industry commentary around steel and industrial materials remains supportive, with broader bullish attention on steel-related equities and ETFs, which may be helping sentiment across the sector.

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.