Nucor (NYSE:NUE) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Nucor (NYSE:NUE) posted its earnings results on Monday. The basic materials company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $5.84 by ($0.04), Zacks reports. The company had revenue of $11.25 billion for the quarter, compared to analyst estimates of $10.84 billion. During the same quarter in the previous year, the business earned $2.63 earnings per share. The company’s revenue for the quarter was up 32.0% compared to the same quarter last year.

Nucor Trading Up 5.1%

NUE opened at $270.53 on Wednesday. The stock has a market capitalization of $61.38 billion, a P/E ratio of 17.22 and a beta of 1.84. The stock has a 50-day moving average price of $252.47 and a 200-day moving average price of $221.81. Nucor has a 12-month low of $140.93 and a 12-month high of $280.11.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, September 30th. Nucor’s dividend payout ratio is presently 14.26%.

Insider Transactions at Nucor

In other Nucor news, EVP Thomas J. Batterbee sold 4,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the transaction, the executive vice president directly owned 16,138 shares in the company, valued at $4,212,340.76. This trade represents a 19.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stephen D. Laxton sold 3,968 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the transaction, the chief operating officer owned 77,867 shares in the company, valued at $20,008,704.32. The trade was a 4.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Barclays boosted their price target on shares of Nucor from $295.00 to $306.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Bank of America lowered their price objective on Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. UBS Group lifted their price objective on Nucor from $224.00 to $256.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Wells Fargo & Company reissued an “overweight” rating and set a $305.00 price objective on shares of Nucor in a research note on Wednesday. Finally, Morgan Stanley set a $270.00 target price on Nucor in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $278.64.

More Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Robust Q3 results: Nucor reported $1.32 billion in net earnings, or $5.80 per diluted share, compared with $607 million, or $2.63 per share, a year earlier. Revenue rose 32% to $11.25 billion, while EBITDA reached $2.28 billion. Nucor Reports Results for the Third Quarter of 2026
• Positive Sentiment: Steel-market momentum: Higher average selling prices and increased volumes benefited Nucor’s steel mills and steel products segments. Steel prices were reported to be at four-year highs, helping offset cost pressures and supporting margin expansion. Nucor Shakes Off Q3 Miss As Steel Prices Hit 4-Year High
• Positive Sentiment: Constructive outlook: Management expects fourth-quarter earnings to be generally in line with or modestly above Q3, with pricing gains expected to offset seasonally lower volumes and higher costs. It also cited healthy demand across key end markets and progress on major West Virginia and Berkeley projects. Nucor Signals Strength With Record Quarter and 2027 Push
• Positive Sentiment: Shareholder returns: Nucor returned approximately $629 million through dividends and share repurchases during the quarter, including about 2.03 million repurchased shares.
• Neutral Sentiment: Valuation and expectations: The stock is trading near its 52-week high, and the median analyst price target cited was $277, suggesting more limited upside unless earnings estimates continue to rise.
• Negative Sentiment: Insider selling: Reported data showed 26 insider sales and no insider purchases over the prior six months. While sales may reflect scheduled transactions or diversification, the activity is a modest cautionary signal.

Nucor Company Profile

Nucor Corporation is a steel producer headquartered in Charlotte, North Carolina. Through its operating subsidiaries, the company manufactures steel and steel products for customers in construction, automotive, energy, heavy equipment, transportation and other industrial markets.

Nucor’s operations include electric arc furnace steel mills, which produce carbon, alloy and galvanized steel products. Its product portfolio includes sheet steel, plate, beams, bars, wire and wire mesh, steel joists, deck, piling, fabricated concrete reinforcing steel and other downstream products.