Parker Hannifin oznámil rekordní volný peněžní tok ve výši 3,9 miliardy USD ve fiskálním roce 2026, zatímco dividendy činily téměř 1 miliardu USD. Firma zároveň zvýšila čtvrtletní dividendu na 2,00 USD a prodloužila sérii růstu na 70 fiskálních let.
Chasing the highest yield is usually how income investors get burned, but these three NYSE industrials take a different approach that makes their dividend safety almost unfair to competitors.
Income investors often chase yield and get punished for it. The safer path is finding companies whose earnings and free cash flow tower over what they actually pay out, leaving room for raises even when the cycle turns. That is exactly the setup across these three NYSE-listed industrials. Parker Hannifin just delivered fiscal 2026 free cash flow of $3.9 billion against dividends paid of nearly $1 billion, a coverage ratio most high-yielders can only dream about. Here is why these three earn far more than they distribute, and what that means for the checks landing in your account.
Nucor (NUE): Steel’s Cash Machine Keeps Compounding Nucor (NYSE:NUE | NUE Price Prediction) pays a quarterly dividend of $0.56 per share, good for a yield of roughly 0.88% at a recent price of $251.65. The yield is modest, but the coverage is enormous. Nucor earned $4.84 in adjusted EPS in a single quarter against that $0.56 payout, and TTM EPS of $12.42 against an annualized forward dividend of $2.24.
Free cash flow was $829 million in Q2, described by management as its strongest quarter since 2023. Nucor ended the period with approximately $2.7 billion in cash, $3.4 billion in liquidity, and total debt at just 23% of capital, with what management calls the strongest credit ratings of any North American steel producer. The dividend history shows quarterly payments running from 1999 through 2026, with the quarterly amount stepping from $0.50 in 2022 to $0.56 today. That is a long, unbroken record of quarterly dividends and multiple recent increases.
The bull case: shipments hit a record 7.1 million tons, Section 232 tariffs have cut finished-steel imports 25% year-over-year, and CapEx moderation should push free cash flow higher into 2027. Management has committed to returning at least 40% of net earnings to shareholders annually. The risk is unmistakable: steel is cyclical, and pricing can turn quickly if world capacity floods back.
Dover (DOV): Diversified Industrial With a Long Payout Ladder Dover (NYSE:DOV) yields 1.03% at a recent price of $198.68, with a quarterly dividend of $0.52. Adjusted EPS came in at $2.74 in Q2 alone, meaning the quarterly payout consumes less than a fifth of quarterly earnings. TTM EPS of $8.15 against an annualized forward dividend of $2.08 leaves an enormous cushion.
Year-to-date free cash flow of $320 million is up 23% year-over-year, and management guides to full-year FCF at 14% to 16% of revenue. CFO commentary called the balance sheet “a competitive advantage.” The dividend record shows an unbroken ladder of quarterly increases from $0.44 in 2016 up through the current $0.52, with the most recent step coming in the payment dated August 2025.
All five segments posted positive organic growth in Q2 making for a solid bull case, bookings rose 16% year-over-year with a book-to-bill of 1.06, and secular-growth markets like data-center liquid cooling, biopharma, and CO2 refrigeration now represent roughly 25% of the portfolio. However, a facility-consolidation execution issue in refrigeration trimmed organic growth by roughly a point in Q2, a reminder that operational hiccups can bite even a well-run conglomerate.
Parker Hannifin (PH): 70 Straight Fiscal Years of Rising Dividends Parker Hannifin (NYSE:PH) yields 0.73% at a recent price of $995.02, with a quarterly dividend just raised to $2.00. The Q4 filing verified the milestone: 70 consecutive fiscal years of increasing annual dividends, the kind of streak we screen for in our free Dividend Kings report. Coverage is not close: TTM EPS of $28.06, with full-year adjusted EPS of $32.31, against an annualized dividend now running at $7.40.
Cash generation is what makes this attractive. Fiscal 2026 operating cash flow was a record $4.4 billion, free cash flow hit a record $3.9 billion (up 17%), and free-cash-flow conversion reached 107%. Parker returned nearly $2 billion to shareholders across dividends and buybacks and still cut debt by $1 billion in the quarter, taking net leverage to 1.4 times adjusted EBITDA.
The bull case is anchored by aerospace, where segment sales hit a record $1.9 billion at 29.8% margin and backlog reached a record $8.5 billion. Management raised its fiscal 2031 adjusted segment operating margin target to 30%, from 27%. The implied risk comes with integration: pending acquisitions of Filtration Group and CIRCOR’s commercial aerospace business could push net leverage back toward three times before working back down over roughly six quarters.
Bottom Line for Income Investors These three offer modest headline yields paired with the kind of coverage that lets a dividend keep rising through recessions, tariff fights, and CapEx cycles. Nucor’s cash flow inflection, Dover’s broad organic growth, and Parker Hannifin’s 70-year raise streak all point to the same conclusion: earnings and free cash flow well in excess of the payout are the real definition of dividend safety. For retirees prioritizing durability over headline yield, this trio is built for the long haul.
Contact [email protected] for any questions or corrections.
Nucor za poslední měsíc po výsledcích oslabil o 6,8 %, i když ve 2. čtvrtletí překonal odhady zisku i tržeb. Firma navíc čeká ve 3. čtvrtletí vyšší konsolidovaný zisk.
It has been about a month since the last earnings report for Nucor (NUE - Free Report) . Shares have lost about 6.8% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Nucor due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.
Nucor's Q2 Earnings and Revenues Surpass Estimates on Higher PricesNucor reported adjusted earnings of $4.84 per share for the second quarter of 2026. The figure beat the Zacks Consensus Estimate of $4.57. On a reported basis, earnings were $5.04 per share, up from $2.60 in the year-ago quarter.
The company recorded net sales of roughly $10.4 billion, up 23% year over year. The figure beat the Zacks Consensus Estimate of roughly $10.06 billion.
Operating FiguresTotal sales tons to outside customers for steel mills in the second quarter were 5,659,000 tons, up 12% year over year and 1% sequentially. The figure surpassed our estimate of 5,621,000 tons.
Total sales tons to external customers increased 12% year over year to 7,605,000 tons. The external average sales price per ton rose 10% to $1,367. Overall operating rates at the company’s steel mills were 91%, up from 85% in the second quarter of 2025 and 86% in the first quarter of 2026.
Segment HighlightsIn the reported quarter, the Steel Mills segment posted earnings of $1.56 billion, up 84.6% from $843 million in the year-ago quarter. The improvement reflected higher average selling prices and volumes, along with a $130 million reduction in cost of products sold related to refunds for prior-period raw material procurement costs.
The Steel Products segment earned $353 million, down 9.9% from $392 million a year earlier. However, earnings improved sequentially on increased volumes and stable average realized pricing.
The Raw Materials segment delivered earnings of $146 million, up 156.1% from $57 million in the prior-year quarter, primarily due to higher average selling prices and shipments.
Financial PositionCash and cash equivalents were roughly $2.48 billion at the end of the quarter, up from $1.95 billion a year earlier. Including short-term investments, Nucor had around $2.69 billion in liquidity on hand. Long-term debt and finance lease obligations due after one year were roughly $6.39 billion at quarter-end, down from $6.91 billion at the end of 2025.
During the second quarter, Nucor repurchased approximately 1.53 million shares at an average price of $228.76 per share.
OutlookThe company expects higher consolidated reported earnings in the third quarter of 2026. Steel Mills segment earnings are projected to increase on higher realized pricing across all major product categories, with volumes expected to remain stable. Steel Products segment earnings are anticipated to improve on higher volumes and realized pricing. However, Raw Materials segment earnings are expected to decline due to lower margins.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended upward during the past month.
The consensus estimate has shifted 7.79% due to these changes.
VGM ScoresAt this time, Nucor has a great Growth Score of A, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the top 40% for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Nucor has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Bank of New York Mellon Corp acquired a new position in Nucor Corporation (NYSE:NUE – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,485,531 shares of the basic materials company’s stock, valued at approximately $330,902,000. Bank of New York Mellon Corp owned about 0.65% of Nucor at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Strive Financial Group LLC bought a new stake in Nucor in the 4th quarter valued at $27,000. Stance Capital LLC acquired a new stake in Nucor during the third quarter worth about $25,000. Bartlett & CO. Wealth Management LLC increased its stake in Nucor by 49.2% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 63 shares during the period. Mcguire Capital Advisors Inc. bought a new position in Nucor during the fourth quarter valued at about $32,000. Finally, Motiv8 Investments LLC acquired a new position in Nucor in the 4th quarter valued at approximately $32,000. 76.48% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth Several analysts have recently weighed in on the company. Wall Street Zen raised Nucor from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. BNP Paribas Exane upped their price objective on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Morgan Stanley set a $270.00 price objective on Nucor in a research note on Wednesday, July 29th. Jefferies Financial Group upped their price objective on Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Nucor from $240.00 to $282.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.31.
Check Out Our Latest Report on Nucor Nucor Trading Up 1.4% Shares of NYSE NUE opened at $243.89 on Friday. The stock has a market cap of $55.33 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 0.89 and a beta of 1.89. The firm has a 50 day moving average price of $246.88 and a two-hundred day moving average price of $216.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.36 and a current ratio of 2.51. Nucor Corporation has a 52-week low of $131.32 and a 52-week high of $280.11.
Nucor (NYSE:NUE – Get Free Report) last issued its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.38. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The business had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.15 billion. During the same period in the previous year, the company posted $2.60 earnings per share. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, equities analysts forecast that Nucor Corporation will post 17.95 EPS for the current year.
Nucor Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.24 annualized dividend and a yield of 0.9%. Nucor’s payout ratio is currently 17.86%.
Insider Activity In related news, EVP John J. Hollatz sold 10,560 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total value of $2,729,337.60. Following the completion of the transaction, the executive vice president directly owned 97,865 shares of the company’s stock, valued at $25,294,187.90. This represents a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Stephen D. Laxton sold 3,968 shares of Nucor stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total value of $1,019,617.28. Following the transaction, the chief operating officer owned 77,867 shares of the company’s stock, valued at $20,008,704.32. The trade was a 4.85% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 18,528 shares of company stock worth $4,793,035. 0.62% of the stock is currently owned by insiders.
Nucor Company Profile (Free Report)
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.
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Nucor investuje 59 milionů USD do rozšíření závodu Vulcraft Indiana ve St. Joe a začne vyrábět ocelové rošty. Projekt má vytvořit 20 nových pracovních míst.
, /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that it will invest $59 million to expand its Vulcraft Indiana manufacturing facility in St. Joe, Indiana, adding capabilities to produce steel grating products. The investment is expected to create 20 new full-time jobs, adding to the more than 300 teammates currently employed at the facility.
"We are pleased to be growing our Vulcraft business in Indiana with this investment to better serve our customers and strengthen our downstream production capabilities, advancing our mission to Grow the Core and Expand Beyond," said John Hollatz, Executive Vice President of Fabricated Construction Products. "Vulcraft is where Nucor got its start in the steel industry, and it remains an important part of our growth today. We appreciate Governor Braun and state and local DeKalb County leaders for their support as we continue to expand our manufacturing footprint in Indiana."
Today's announcement marks Nucor's fourth major investment in Indiana in recent years. In 2022, the company announced a $290 million investment to modernize its sheet mill operations in Crawfordsville. The following year, Nucor announced plans to build a $115 million utility infrastructure production facility nearby. The company also invested $28.5 million to build an insulated metal panel production facility in Waterloo, adjacent to its existing Nucor Building Systems Indiana campus. That facility began operations in 2021.
Together, these investments have created approximately 300 new Nucor jobs in Indiana. Today, Nucor employs more than 2,600 teammates at more than a dozen locations across the state.
Nucor acquired Vulcraft in 1962, marking the company's entrance into the steel industry. From a single production facility in South Carolina, Nucor expanded the Vulcraft business and ultimately made the decision to begin producing its own steel. Vulcraft Indiana opened in 1972 as Nucor's fifth Vulcraft facility and today is one of nine Vulcraft facilities operating across North America.
Vulcraft is the nation's leading producer of open-web steel joists, joist girders and steel decking, which are used primarily in nonresidential construction. These products serve as structural support systems for roofs and floors in warehouses, data centers, manufacturing facilities, retail stores, shopping centers, schools and hospitals, as well as in some multi-story residential buildings. Vulcraft has an annual joist and deck production capacity of approximately 1.2 million tons.
About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
Forward-Looking Statements
Certain statements contained in this news release are "forward-looking statements" that involve risks and uncertainties which we expect will or may occur in the future and may impact our business, financial condition and results of operations. The words "anticipate," "believe," "expect," "intend," "project," "may," "will," "should," "could" and similar expressions are intended to identify those forward-looking statements. These forward-looking statements reflect the Company's best judgment based on current information, and, although we base these statements on circumstances that we believe to be reasonable when made, there can be no assurance that future events will not affect the accuracy of such forward-looking information. As such, the forward-looking statements are not guarantees of future performance, and actual results may vary materially from the projected results and expectations discussed in this news release. Factors that might cause the Company's actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including pressure from imports and substitute materials; (2) U.S. and foreign trade policies affecting steel imports or exports; (3) the sensitivity of the results of our operations to general market conditions, and in particular, prevailing market steel prices and changes in the supply and cost of raw materials, including pig iron, iron ore and scrap steel; (4) the availability and cost of electricity and natural gas, which could negatively affect our cost of steel production or result in a delay or cancellation of existing or future drilling within our natural gas drilling programs; (5) critical equipment failures and business interruptions; (6) market demand for steel products, which, in the case of many of our products, is driven by the level of nonresidential construction activity in the United States; (7) impairment in the recorded value of inventory, equity investments, fixed assets, goodwill or other long-lived assets; (8) uncertainties and volatility surrounding the global economy, including excess world capacity for steel production, inflation and interest rate changes; (9) fluctuations in currency conversion rates; (10) significant changes in laws or government regulations affecting environmental compliance, including legislation and regulations that result in greater regulation of greenhouse gas emissions that could increase our energy costs, capital expenditures and operating costs or cause one or more of our permits to be revoked or make it more difficult to obtain permit modifications; (11) the cyclical nature of the steel industry; (12) capital investments and their impact on our performance; (13) our safety performance; (14) our ability to integrate businesses we acquire; and (15) the impact of any pandemic or public health situation. These and other factors are discussed in Nucor's regulatory filings with the United States Securities and Exchange Commission, including those in "Item 1A. Risk Factors" of Nucor's Annual Report on Form 10-K for the year ended December 31, 2025. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them, except as may be required by applicable law.
Nucor vykázal rekordní dodávky oceli ve výši 7,1 milionu tun už druhé čtvrtletí po sobě. Firma čeká, že růst dodávek v roce 2026 skončí poblíž horní hranice cíle 5 % až 10 %.
Key Takeaways Nucor reported record steel mill shipments of 7.1 million tons for the second consecutive quarter.NUE expects 2026 shipment growth near the high end of its 5% to 10% range.Nucor's West Virginia sheet mill project remains on schedule, with shipments ramping in early 2027. Nucor Corporation (NUE - Free Report) used its second-quarter earnings call to emphasize continued demand strength, expanding capacity and progress on major growth projects. Management highlighted record steel mill shipments, strong backlogs and investments aimed at increasing long-term earnings capacity.
The company also raised confidence in the second half of 2026, pointing to higher realized pricing, stable volumes and contributions from recently completed projects.
NUE Highlights Broad-Based Demand StrengthChairman and CEO Leon Topalian said Nucor delivered another strong quarter with improved earnings across all three operating segments. The company reported adjusted earnings of $4.84 per diluted share on net sales of $10.40 billion, while the Zacks Consensus Estimate called for EPS of $4.57 and revenues of $10.06 billion.
Topalian noted that steel mill shipments reached a record 7.1 million tons for the second consecutive quarter. He attributed the performance to strong end-market demand and prior investments that expanded Nucor’s steelmaking capabilities.
The CEO also emphasized that backlogs continued to build across the business, reflecting customer momentum in multiple sectors of the economy. He highlighted demand from infrastructure, energy, manufacturing and other industrial markets as key drivers.
Nucor Advances Major Growth ProjectsPresident and COO Stephen Laxton said Nucor’s West Virginia sheet mill project remained on schedule and within budget. The company began commissioning key equipment and expects commercial shipments to begin ramping in early 2027.
Laxton said other projects, including galvanizing lines, coating operations and towers and structures facilities, were progressing as planned. Several recently completed projects, including the Lexington micro mill and Kingman melt shop, reached EBITDA-positive run rates.
Management expects these investments to support future earnings growth as capacity ramps. The company said capital expenditures remain targeted at approximately $2.5 billion for 2026, with about 60% allocated toward growth projects.
NUE Sees Supportive Market BackdropLaxton said Nucor expects 2026 shipment growth to finish near the high end of its previously indicated 5% to 10% range. He pointed to continued strength in sheet, plate, bar and structural products.
Sheet demand remains supported by energy, advanced manufacturing and data center activity, according to Noah Hanners, Executive Vice President of Sheet Products. He also noted that reshoring activity is creating additional opportunities in areas such as automotive supply.
Management said industry demand growth remains around 2% for 2026, with several end markets positioned for continued strength over the next few years.
Nucor Discusses Capital Allocation PlansTopalian said Nucor remains focused on its strategy of growing the core business while expanding beyond traditional steel operations. He said future opportunities will focus on areas connected to long-term trends such as energy infrastructure and downstream products.
The CEO said the company would remain disciplined on acquisitions and pursue opportunities only when they can create value above the cost of capital. He added that excess cash would continue to be returned to shareholders if attractive investments were unavailable.
Chief financial officer Jack Sullivan said Nucor returned $479 million to shareholders during the quarter through dividends and share repurchases, representing 41% of quarterly net earnings.
NUE Faces Analyst Questions on Growth OutlookA Wells Fargo analyst asked about the potential impact of new projects and whether strong demand could offset typical fourth-quarter seasonality. Topalian responded that several projects were already contributing and that additional facilities should add value as they ramp.
A JPMorgan analyst questioned the sustainability of demand trends into the second half of 2026. Laxton said demand drivers remained broad, including infrastructure, energy investment and data center development, while acknowledging normal seasonal patterns.
Analysts also asked about the West Virginia mill ramp. Hanners said the focus will be on safe, reliable production, with utilization expected to reach about 50% by the end of the first year.
Nucor Maintains Strategic Focus AheadNucor entered the second half of 2026 with management focused on execution, capacity expansion and maintaining financial flexibility. Topalian said the company’s operating platform and broad product portfolio provide a foundation for continued investment.
The company’s outlook reflects confidence in demand across several markets while continuing to manage project ramp costs and raw material pressures. Management expects third-quarter consolidated earnings to increase, supported by pricing improvements and stronger steel products results.
Zacks Rank And Style Scores SignalsNucor currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Rank focuses on earnings estimate revisions and is designed to help identify stocks with stronger potential performance over the next one to three months. The Rank can change as analysts update earnings expectations following new results.
The company has a Value Score of B, Growth Score of B, Momentum Score of F and VGM Score of B. Zacks Style Scores range from A to F, with stronger scores indicating more favorable characteristics for the corresponding investing style.
Nucor ve 2. čtvrtletí zvýšil čistý zisk na 1,16 miliardy USD, tedy 5,04 USD na akcii, z 603 milionů USD před rokem. Tržby vzrostly na 10,40 miliardy USD.
Net earnings attributable to Nucor stockholders of $1.16 billion, or $5.04 per diluted share Adjusted net earnings attributable to Nucor stockholders of $1.11 billion, or $4.84 per diluted share Net sales of $10.40 billion Net earnings before noncontrolling interests of $1.28 billion; EBITDA of $2.02 billion , /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced consolidated net earnings attributable to Nucor stockholders of $1.16 billion, or $5.04 per diluted share, for the second quarter of 2026. Excluding a non-cash, pre-tax benefit of $61 million, or $0.20 per diluted share, Nucor's second quarter of 2026 adjusted net earnings attributable to Nucor stockholders was $1.11 billion, or $4.84 per diluted share. By comparison, Nucor reported consolidated net earnings attributable to Nucor stockholders of $743 million, or $3.23 per diluted share, for the first quarter of 2026 and $603 million, or $2.60 per diluted share, for the second quarter of 2025.
"Investment across key sectors of the U.S. economy, combined with supportive federal trade policies, drove a second consecutive quarterly record for Nucor steel mill shipments," said Leon Topalian, Nucor's Chair and Chief Executive Officer. "We continue to execute our growth strategy through investments to expand our capabilities and strengthen our position as the market leader with the most diverse portfolio of steel and fabricated steel products in North America. I want to thank our more than 33,000 Nucor teammates for keeping us on pace for the safest year in Nucor's history and their unwavering commitment to our customers and shareholders."
Earnings Before Income Taxes and Noncontrolling Interests by Segment (In millions)
Three Months (13 Weeks) Ended
Six Months (26 Weeks) Ended
July 4, 2026
April 4, 2026
July 5, 2025
July 4, 2026
July 5, 2025
Steel mills
$
1,556
$
1,128
$
843
$
2,684
$
1,074
Steel products
353
276
392
629
680
Raw materials
146
45
57
191
86
Corporate/eliminations
(430)
(353)
(393)
(783)
(656)
$
1,625
$
1,096
$
899
$
2,721
$
1,184
Analysis of Second Quarter of 2026 Results Compared to the First Quarter of 2026
The increase in second quarter earnings was driven primarily by the increase in earnings in the steel mills segment, which experienced higher average selling prices and higher volumes. Additionally, the steel mills segment earnings included a reduction to cost of products sold in the amount of $130 million related to cash refunds associated with prior periods' raw materials procurement costs. The steel products segment had improved earnings due to increased volumes and stable average realized pricing. The raw materials segment had higher earnings in the second quarter primarily due to increased average selling prices and shipments.
Included in the second quarter of 2026 marketing, administrative and other expenses is a non-cash, pre-tax benefit of $61 million, or $0.20 per diluted share. This non-cash, pre-tax benefit is related to the increase in the value of our investment in Helion, a fusion energy company, after it completed a capital financing round in the second quarter of 2026.
Financial Strength
At the end of the second quarter of 2026, Nucor had $2.69 billion in cash and cash equivalents and short-term investments on hand. The Company's $2.25 billion revolving credit facility remains undrawn and does not expire until March 2030. The Company continues to have the strongest credit ratings in the North American steel sector (A-/A-/A3) with stable outlooks at Standard & Poor's, Fitch Ratings and Moody's, respectively.
Commitment to Returning Capital to Stockholders
During the second quarter of 2026, Nucor repurchased approximately 1.53 million shares of its common stock at an average price of $228.76 per share. Nucor returned approximately $479 million to stockholders in the second quarter of 2026 in the form of share repurchases and dividend payments, and approximately $733 million in the first six months of 2026.
On June 9, 2026, Nucor's Board of Directors declared a cash dividend of $0.56 per share. This cash dividend is payable on August 11, 2026, to stockholders of record as of June 30, 2026 and is Nucor's 213th consecutive quarterly cash dividend.
Third Quarter of 2026 Outlook Compared to the Second Quarter of 2026
We expect higher consolidated reported earnings in the third quarter of 2026. In the steel mills segment we expect an increase in earnings due to higher realized pricing across all major product categories with stable volumes. In the steel products segment, we expect increased earnings due to both higher volumes and higher realized pricing. The raw materials segment is expected to have decreased earnings due to lower margins.
Earnings Conference Call
An earnings call is scheduled for July 28, 2026 at 10:00 a.m. Eastern Time to review Nucor's second quarter of 2026 financial results and provide a business update. The call can be accessed via webcast from the Investor Relations section of Nucor's website (nucor.com/investors). A presentation with supplemental information to accompany the call has been posted to Nucor's Investor Relations website. A playback of the webcast will be posted to the same site within one day of the live event.
About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
Non-GAAP Financial Measures
The Company uses certain non-GAAP (Generally Accepted Accounting Principles) financial measures in this news release, including EBITDA, adjusted net earnings attributable to Nucor stockholders and adjusted net earnings per diluted share. Generally, a non-GAAP financial measure is a numerical measure of a company's performance or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable financial measure calculated and presented in accordance with GAAP.
We define EBITDA as net earnings before noncontrolling interests, adding back the following items: interest expense (income), net; provision for income taxes; losses and impairments of assets; depreciation; and amortization. For the second quarter of 2026, we define adjusted net earnings attributable to Nucor stockholders as net earnings attributable to Nucor stockholders subtracting certain non-cash benefits (in this case, the increase in the value of our investment in Helion), net of tax. We define adjusted net earnings per diluted share as net earnings per diluted share subtracting certain non-cash benefits (in this case, the per diluted share impact of the increase in the value of our investment in Helion), net of tax. Please note that other companies might define their non-GAAP financial measures differently than we do.
Management presents the non-GAAP financial measures of EBITDA, adjusted net earnings attributable to Nucor stockholders and adjusted net earnings per diluted share in this news release because it considers them to be important supplemental measures of performance. Management believes that these non-GAAP financial measures provide additional insight for analysts and investors evaluating the Company's financial and operational performance by providing a consistent basis of comparison across periods.
Forward-Looking Statements
Certain statements contained in this news release are "forward-looking statements" that involve risks and uncertainties which we expect will or may occur in the future and may impact our business, financial condition and results of operations. The words "anticipate," "believe," "expect," "intend," "project," "may," "will," "should," "could" and similar expressions are intended to identify those forward-looking statements. These forward-looking statements reflect the Company's best judgment based on current information, and, although we base these statements on circumstances that we believe to be reasonable when made, there can be no assurance that future events will not affect the accuracy of such forward-looking information. As such, the forward-looking statements are not guarantees of future performance, and actual results may vary materially from the projected results and expectations discussed in this news release. Factors that might cause the Company's actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including pressure from imports and substitute materials; (2) U.S. and foreign trade policies affecting steel imports or exports; (3) the sensitivity of the results of our operations to general market conditions, and in particular, prevailing market steel prices and changes in the supply and cost of raw materials, including pig iron, iron ore and scrap steel; (4) the availability and cost of electricity and natural gas, which could negatively affect our cost of steel production or result in a delay or cancellation of existing or future drilling within our natural gas drilling programs; (5) critical equipment failures and business interruptions; (6) market demand for steel products, which, in the case of many of our products, is driven by the level of nonresidential construction activity in the United States; (7) impairment in the recorded value of inventory, equity investments, fixed assets, goodwill or other long-lived assets; (8) uncertainties and volatility surrounding the global economy, including excess world capacity for steel production, inflation and interest rate changes; (9) fluctuations in currency conversion rates; (10) significant changes in laws or government regulations affecting environmental compliance, including legislation and regulations that result in greater regulation of greenhouse gas emissions that could increase our energy costs, capital expenditures and operating costs or cause one or more of our permits to be revoked or make it more difficult to obtain permit modifications; (11) the cyclical nature of the steel industry; (12) capital investments and their impact on our performance; (13) our safety performance; (14) our ability to integrate businesses we acquire; and (15) the impact of any pandemic or public health situation. These and other factors are discussed in Nucor's regulatory filings with the United States Securities and Exchange Commission, including those in "Item 1A. Risk Factors" of Nucor's Annual Report on Form 10-K for the year ended December 31, 2025. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them, except as may be required by applicable law.
Consolidated Financial Statements
Nucor Corporation Condensed Consolidated Statements of Earnings (Unaudited)
(In millions, except per share amounts)
Three Months (13 Weeks) Ended
Six Months (26 Weeks) Ended
July 4, 2026
April 4, 2026
July 5, 2025
July 4, 2026
July 5, 2025
Net sales
$
10,397
$
9,496
$
8,456
$
19,893
$
16,286
Costs, expenses and other:
Cost of products sold
8,363
7,995
7,233
16,358
14,458
Marketing, administrative and other expenses
405
378
304
783
585
Equity in earnings of unconsolidated affiliates
(8)
(7)
(10)
(15)
(14)
Losses and impairments of assets
-
15
11
15
40
Interest expense (income), net
12
19
19
31
33
8,772
8,400
7,557
17,172
15,102
Earnings before income taxes and noncontrolling
interests
Dai-ichi Life Insurance Company Ltd. ve 1. čtvrtletí snížila podíl v Nucor o 36,7 % a prodala 7 200 akcií. Po prodeji držela 12 404 akcií v hodnotě 2,098 milionu USD.
Dai ichi Life Insurance Company Ltd cut its holdings in Nucor Corporation (NYSE:NUE – Free Report) by 36.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,404 shares of the basic materials company’s stock after selling 7,200 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Nucor were worth $2,098,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Nucor by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 28,407,540 shares of the basic materials company’s stock worth $4,633,554,000 after purchasing an additional 144,038 shares in the last quarter. Morgan Stanley raised its position in shares of Nucor by 1.1% in the fourth quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock valued at $628,497,000 after buying an additional 41,728 shares in the last quarter. Norges Bank acquired a new stake in shares of Nucor in the fourth quarter valued at approximately $609,002,000. Dimensional Fund Advisors LP boosted its stake in shares of Nucor by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock valued at $429,298,000 after buying an additional 22,718 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Nucor by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,919,883 shares of the basic materials company’s stock worth $313,152,000 after buying an additional 56,565 shares in the last quarter. 76.48% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on Nucor from $227.00 to $258.00 and gave the company an “equal weight” rating in a research note on Monday, June 22nd. Wall Street Zen upgraded shares of Nucor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. BNP Paribas Exane increased their price objective on shares of Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. The Goldman Sachs Group raised their target price on shares of Nucor from $260.00 to $284.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Finally, Weiss Ratings upgraded shares of Nucor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 14th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $266.31.
Get Our Latest Analysis on Nucor
Insider Buying and Selling at Nucor In related news, EVP Allen C. Behr sold 10,096 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the sale, the executive vice president owned 62,871 shares in the company, valued at $14,213,875.68. This represents a 13.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael D. Keller sold 4,554 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $225.86, for a total value of $1,028,566.44. Following the transaction, the insider owned 16,834 shares in the company, valued at $3,802,127.24. The trade was a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 82,378 shares of company stock valued at $18,963,930. 0.62% of the stock is owned by corporate insiders.
Nucor Stock Up 0.1% Shares of NYSE NUE opened at $247.81 on Monday. The company has a 50 day simple moving average of $239.91 and a 200 day simple moving average of $204.43. 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 Corporation has a 1 year low of $131.32 and a 1 year high of $270.90. The firm has a market cap of $56.44 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 0.57 and a beta of 1.91.
Nucor (NYSE:NUE – Get Free Report) last announced its earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.82 by $0.41. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The business’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. On average, research analysts forecast that Nucor Corporation will post 17.53 EPS for the current year.
Nucor Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th will be given 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 is 22.18%.
Nucor Profile (Free Report)
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.
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Nucor (NUE - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 27. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis steel company is expected to post quarterly earnings of $4.63 per share in its upcoming report, which represents a year-over-year change of +78.1%.
Revenues are expected to be $9.87 billion, up 16.7% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 6.92% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Nucor?For Nucor, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Nucor will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Nucor would post earnings of $2.79 per share when it actually produced earnings of $3.23, delivering a surprise of +15.77%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Nucor doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerAnother stock from the Zacks Steel - Producers industry, Cleveland-Cliffs (CLF - Free Report) , is soon expected to post loss of $0.18 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +64%. Revenues for the quarter are expected to be $5.15 billion, up 4.4% from the year-ago quarter.
The consensus EPS estimate for Cleveland-Cliffs has been revised 45.3% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -17.81%.
When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that Cleveland-Cliffs will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Nucor (NYSE:NUE – Get Free Report) is projected to release its Q2 2026 results after the market closes on Monday, July 27th. Analysts expect the company to announce earnings of $4.45 per share and revenue of $10.1402 billion for the quarter. Investors can check the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Tuesday, July 28, 2026 at 10:00 AM ET.
Nucor (NYSE:NUE – Get Free Report) last announced its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.88 billion. During the same quarter in the previous year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. On average, analysts expect Nucor to post $18 EPS for the current fiscal year and $19 EPS for the next fiscal year.
Nucor Trading Up 0.1% NYSE:NUE opened at $236.77 on Monday. The stock has a market cap of $53.92 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 0.54 and a beta of 1.91. 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 $131.32 and a 1 year high of $270.90. The business has a fifty day moving average of $239.20 and a 200-day moving average of $201.90.
Nucor Dividend Announcement The business also recently announced 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. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, June 30th. Nucor’s dividend payout ratio is currently 22.18%.
Analyst Ratings Changes Several equities analysts have commented on NUE shares. Morgan Stanley raised their target price on shares of Nucor from $227.00 to $258.00 and gave the company an “equal weight” rating in a research note on Monday, June 22nd. Wells Fargo & Company decreased their price objective on shares of Nucor from $292.00 to $283.00 and set an “overweight” rating for the company in a report on Thursday, June 18th. Zacks Research cut shares of Nucor from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Bank of America lowered their price objective on shares of Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. 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 report on Tuesday, June 16th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.31.
Check Out Our Latest Analysis on NUE
Insider Buying and Selling In other news, EVP Daniel R. Needham sold 12,888 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $226.00, for a total transaction of $2,912,688.00. Following the completion of the sale, the executive vice president owned 89,724 shares in the company, valued at approximately $20,277,624. This represents a 12.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John J. Hollatz sold 10,560 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total value of $2,729,337.60. Following the sale, the executive vice president directly owned 97,865 shares of the company’s stock, valued at approximately $25,294,187.90. This represents a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 82,378 shares of company stock worth $18,963,930. 0.62% of the stock is owned by insiders.
Institutional Trading of Nucor A number of hedge funds have recently bought and sold shares of NUE. Strive Financial Group LLC purchased a new stake in shares of Nucor in the 4th quarter valued at approximately $27,000. Stance Capital LLC acquired a new stake in Nucor during the 3rd quarter valued at $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Nucor during the 4th quarter valued at $32,000. DV Equities LLC purchased a new stake in shares of Nucor in the fourth quarter valued at $52,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Nucor by 81.8% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after buying an additional 153 shares during the period. 76.48% of the stock is owned by hedge funds and other institutional investors.
About Nucor (Get Free Report)
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.
Further Reading Five stocks we like better than Nucor Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks
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Decker Wealth Management LLC acquired a new stake in shares of Nucor Corporation (NYSE:NUE – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,858 shares of the basic materials company’s stock, valued at approximately $6,740,000. Nucor comprises approximately 1.5% of Decker Wealth Management LLC’s holdings, making the stock its 27th biggest holding.
Other hedge funds have also recently made changes to their positions in the company. RKL Wealth Management LLC raised its stake in Nucor by 0.9% in the 1st quarter. RKL Wealth Management LLC now owns 5,318 shares of the basic materials company’s stock worth $899,000 after acquiring an additional 48 shares during the last quarter. Empirical Asset Management LLC grew its stake in Nucor by 2.6% during the 4th quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company’s stock valued at $347,000 after purchasing an additional 54 shares during the last quarter. Krilogy Financial LLC grew its stake in Nucor by 4.1% during the 4th quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company’s stock valued at $272,000 after purchasing an additional 61 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Nucor by 49.2% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 63 shares during the period. Finally, IHT Wealth Management LLC increased its holdings in shares of Nucor by 2.0% in the fourth quarter. IHT Wealth Management LLC now owns 3,306 shares of the basic materials company’s stock valued at $539,000 after purchasing an additional 64 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets In other news, EVP Randy J. Spicer sold 2,500 shares of Nucor stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $225.00, for a total transaction of $562,500.00. Following the completion of the transaction, the executive vice president directly owned 20,510 shares of the company’s stock, valued at $4,614,750. The trade was a 10.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Allen C. Behr sold 10,096 shares of the business’s stock in a transaction on 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 owned 62,871 shares of the company’s stock, 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. In the last quarter, insiders have sold 82,378 shares of company stock worth $18,963,930. Corporate insiders own 0.62% of the company’s stock.
Nucor Stock Performance NYSE NUE opened at $236.77 on Monday. The firm has a market capitalization of $53.92 billion, a P/E ratio of 23.44, a PEG ratio of 0.54 and a beta of 1.91. The stock has a 50-day simple moving average of $239.20 and a two-hundred day simple moving average of $201.90. 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 Corporation has a fifty-two week low of $131.32 and a fifty-two week high of $270.90.
Nucor (NYSE:NUE – Get Free Report) last issued its earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.41. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. On average, equities analysts forecast that Nucor Corporation will post 17.68 earnings per share for the current year.
Nucor Dividend Announcement The business 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 $0.56 dividend. 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 payout ratio is presently 22.18%.
Analyst Upgrades and Downgrades A number of research firms recently commented on NUE. Seaport Research Partners lifted their target price on Nucor from $245.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Barclays increased their price target on shares of Nucor from $270.00 to $272.00 and gave the stock an “overweight” rating in a report on Wednesday. BMO Capital Markets raised their price target on shares of Nucor from $250.00 to $285.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company reduced their price target on shares of Nucor from $292.00 to $283.00 and set an “overweight” rating for the company in a research report on Thursday, June 18th. Finally, KeyCorp upgraded shares of Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price objective for the company in a research note on Wednesday, June 24th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.31.
Check Out Our Latest Stock Report on NUE
About Nucor (Free Report)
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.
Further Reading Five stocks we like better than Nucor Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks
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Nucor v prvním čtvrtletí 2026 vygeneroval provozní cash flow 886 mil. USD a držel likviditu kolem 3,2 mld. USD. Na dividendách a zpětných odkupech vrátil akcionářům už zhruba 630 mil. USD k 17. červnu 2026.
Key Takeaways Nucor returned about $1.2B to shareholders in 2025 and roughly $630M year to date through June 17, 2026.NUE ended first-quarter 2026 with about $3.2B in liquidity and generated $886M in operating cash flow.NUE targets returning at least 40% of earnings to shareholders while funding growth projects and cutting debt. Nucor Corporation (NUE - Free Report) is maximizing its returns to shareholders by leveraging its strong balance sheet and cash flows. It returned around $1.2 billion to its shareholders in 2025 through dividends and share repurchases, representing nearly 70% of net earnings. Returns to its shareholders were $254 million in the first quarter. Nucor has returned roughly $630 million through share buybacks and dividends year to date till June 17, 2026.
It ended first-quarter 2026 with strong liquidity of roughly $3.2 billion, including cash and cash equivalents of around $2.2 billion. It also generated cash from operations of $886 million in the quarter.
The company, in December 2025, raised its quarterly dividend to 56 cents per share from 55 cents. Nucor has increased its regular dividend for 53 straight years since it started paying dividends in 1973. It remains committed to its policy of returning at least 40% of earnings to its shareholders.
NUE offers a dividend yield of 1% at the current stock price. Its payout ratio is 22% (a ratio below 60% is a good indicator that the dividend will be sustainable), with a five-year annualized dividend growth rate of 4.2%. Backed by strong financial health, the company's dividend is perceived to be safe and reliable.
Nucor is executing a well-defined capital allocation policy using its substantial cash generation to drive shareholder value, fund its growth projects and reduce debt. With a rock-solid balance sheet underpinned by a strong credit profile, NUE remains well-placed to continue this shareholder-focused strategy.
Among its peers, Steel Dynamics, Inc. (STLD - Free Report) remains committed to maximizing shareholder returns. Steel Dynamics bought back shares worth $115 million in the first quarter. STLD also raised its quarterly dividend by 6% to 53 cents per share in February 2026. During the second quarter of 2026, Steel Dynamics repurchased $170 million of its common stock, as announced recently.
Commercial Metals Company (CMC - Free Report) is also pursuing a disciplined capital allocation strategy, capitalizing on its solid balance sheet and cash flow profile. Commercial Metals repurchased shares worth $18.9 million during the fiscal third quarter and kept its quarterly dividend at 20 cents per share. CMC generated cash of $603 million from operating activities for the nine months ended May 31, 2026, up from roughly $400 million in the year-ago period.
NUE’s Price Performance, Valuation & EstimatesNucor has gained 39.4% year to date against the Zacks Steel Producers industry’s growth of 26.5%.
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From a valuation standpoint, NUE is currently trading at a forward 12-month earnings multiple of 12.53, a roughly 11.9% premium to the industry average of 11.2X. It carries a Value Score of B.
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The Zacks Consensus Estimate for NUE’s 2026 earnings implies a year-over-year rise of 129.3%. The EPS estimates for 2026 have been trending higher over the past 60 days.
Key Takeaways NUE shares have climbed 46.9% YTD, outperforming the industry and the S&P 500.Nucor's 2026 earnings estimate was raised 30.1% in 60 days, with earnings seen up 103.4% year over year.Nucor is expanding capacity, pursuing acquisitions and benefiting from higher U.S. steel prices. Nucor Corporation (NUE - Free Report) benefits from healthy demand in key markets, actions to expand its production capabilities and higher steel prices. Its shares have surged 46.9% year to date, outperforming the Zacks Steel Producers industry’s rise of 34.4% and the S&P 500’s increase of 8.9%.
We are positive about NUE’s prospects and believe that the time is right for you to add the stock to the portfolio, as it looks promising and is poised to carry the momentum ahead.
NUE’s YTD Price Performance
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Let's see what makes NUE stock an attractive investment option at the moment.
NUE’s Rising Earnings Estimates Reflect Positive SentimentThe Zacks Consensus Estimate for 2026 for NUE has been revised 30.1% upward over the past 60 days. The consensus estimate for second-quarter 2026 has also been revised 31.6% up over the same time frame. The favorable estimate revisions instill investor confidence in the stock.
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NUE’s Strong Growth ProspectsThe Zacks Consensus Estimate for NUE’s 2026 earnings is pegged at $15.68, suggesting a 103.4% increase from the previous year’s tally. Earnings are projected to increase by 71.5% in second-quarter 2026.
Superior Return on Equity (ROE) for NucorROE is a measure of a company’s efficiency in utilizing shareholders’ funds. ROE for the trailing 12 months for NUE is 10.7%, above the industry’s level of 4.2%.
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Expansion Actions & Acquisitions Aid Nucor StockNucor remains committed to boosting production capacity, which should drive profitable growth and strengthen its position as a low-cost producer. It is executing a series of growth projects to tap significant end-market demand. Nucor is seeing strong demand from non-residential construction & infrastructure, military & defense, and energy end markets and has a healthy order backlog. The company has already commissioned some of its growth projects with Gallatin and Brandenburg mills, showing strong production and shipment performance.
The construction of the 3 million tons per annum (tpa) sheet mill with a low-cost profile in West Virginia is in the final phases and commissioning of operations is expected through 2026, with production expected in 2027. The new 500,000 tpa galvanizing line at the Berkeley County sheet mill in South Carolina is also on track. Its greenfield project in Utah is also on course for production commencement by mid-2027.
The company has been focusing on growth through strategic acquisitions over the past several years. The recent acquisition of Southwest Data Products expanded its growing portfolio of solutions for data center customers. The buyout of Rytec Corporation will also allow Nucor to further expand beyond its core steelmaking businesses into related downstream businesses. Adding high-performance doors is expected to create cross-selling opportunities with other Nucor businesses and significantly expand its product portfolio for the commercial space.
NUE’s Capital Allocation Backed by Robust Financial HealthNucor is maximizing its returns to shareholders by leveraging its strong balance sheet and cash flows. It ended first-quarter 2026 with strong liquidity of roughly $3.2 billion, including cash and cash equivalents of around $2.2 billion. It also generated cash from operations of $886 million in first-quarter 2026.
The company returned around $1.2 billion to shareholders in 2025 through dividends and share repurchases, representing nearly 70% of net earnings. Returns to its shareholders were $254 million in the first quarter. It remains committed to its policy of returning at least 40% of earnings to shareholders. Nucor has returned roughly $630 million through share buybacks and dividends year to date till June 17, 2026.
Higher Steel Prices Drive NUE’s MarginsHigher U.S. steel prices have created a favorable landscape for American steel producers. U.S. steel prices recovered in the fourth quarter of 2025, following the lows seen in the third quarter, and the momentum continued in the first quarter of 2026. Overall demand weakness and abundant steel mill output dragged benchmark hot-rolled coil (“HRC”) prices below $800 per short ton in late August and continuing through early September.
HRC prices rebounded in the fourth quarter on major steel mills' price increase, extending lead times and tightening supply, partly due to plant outages and reduced imports driven by tariffs. The recovery, which has been more pronounced since November, has led to HRC prices surging to above $1,100 per short ton. With end-market demand improving, steel prices will likely continue to climb, benefiting U.S. steelmakers, including NUE, with higher profit margins.
NUE’s Zacks Rank & Key PicksNUE currently sports a Zacks Rank #1 (Strong Buy).
Other top-ranked stocks in the Basic Materials space are L.B. Foster Company (FSTR - Free Report) , Albemarle Corporation (ALB - Free Report) and LyondellBasell Industries N.V. (LYB - Free Report) . While FSTR and ALB carry a Zacks Rank #1, LYB has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for L.B. Foster’s current-year earnings is pegged at $1.74 per share, implying a 152.2% year-over-year increase. The Zacks Consensus Estimate for FSTR’s current-year earnings has been revised 60.5% higher over the past 60 days.
The consensus estimate for Albemarle’s current-year earnings is pegged at $12.39 per share, indicating a 1,668.4% year-over-year increase. ALB’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average surprise of 54.1%.
The Zacks Consensus Estimate for LyondellBasell’s current-year earnings stands at $8.73 per share, implying an 413.5% year-over-year increase. The Zacks Consensus Estimate for LYB’s current-year earnings has been revised 12.3% higher over the past 60 days.
, /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its second quarter ending July 4, 2026. Nucor expects second quarter earnings to be in the range of $4.70 to $4.80 per diluted share. Excluding a non-cash benefit of approximately $0.20 per diluted share, described below, we expect second quarter adjusted earnings to be in the range of $4.50 to $4.60. Nucor reported net earnings of $3.23 per diluted share in the first quarter of 2026 and $2.60 per diluted share in the second quarter of 2025.
Non-Cash Benefit Recorded in the Second Quarter of 2026
Included in the second quarter of 2026 non-adjusted guidance range is an estimated benefit of approximately $61 million, or $0.20 per diluted share. This non-cash benefit is related to the increase in the value of our investment in Helion, a fusion energy company, after it completed a capital financing round in the second quarter of 2026.
Second Quarter of 2026 Outlook Compared to the First Quarter of 2026
Earnings in the second quarter of 2026 are expected to increase across all three of our operating segments as compared to the first quarter of 2026, with the largest increase in the steel mills segment. The expected increase in the steel mills segment is due to higher average selling prices and stable volumes. It also reflects approximately $130 million of cash refunds associated with prior periods' raw materials procurement costs, which will benefit the cost of goods sold for this segment during the quarter. In the steel products segment, we expect higher earnings due to increased volumes and slightly higher average realized pricing. The raw materials segment is expected to have higher earnings due to higher average realized prices.
Capital Returns
As of June 17, 2026, Nucor has repurchased approximately 1.12 million shares at an average price of $223.47 per share thus far in the second quarter of 2026. Nucor has returned approximately $630 million to stockholders in the form of share repurchases and dividend payments year-to-date through June 17, 2026.
Second Quarter of 2026 Earnings Release and Conference Call
Nucor plans to release its earnings after the markets close on Monday, July 27, 2026, and will host a conference call the morning of Tuesday, July 28, 2026 at 10:00 a.m. Eastern Time to review the Company's second quarter results. The event will be broadcast on the internet, and instructions on how to access will be sent closer to the call.
About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
Non-GAAP Financial Measures
The Company uses certain non-GAAP (Generally Accepted Accounting Principles) financial measures in this news release, including adjusted net earnings per diluted share (and expected guidance range thereof). Generally, a non-GAAP financial measure is a numerical measure of a company's performance or financial position that either excludes or includes amounts that are not normally excluded or included in the most directly comparable financial measure calculated and presented in accordance with GAAP.
We define adjusted net earnings per diluted share (and expected guidance range thereof) as the net earnings per diluted share subtracting the per diluted share impact of a certain non-cash benefit, net of tax. Please note that other companies might define their non-GAAP financial measures differently than we do.
Management presents the non-GAAP financial measure of adjusted net earnings per diluted share in this news release because it considers it to be an important supplemental measure of performance. Management believes that this non-GAAP financial measure provides additional insight for analysts and investors evaluating the Company's financial and operational performance by providing a consistent basis of comparison across periods.
Reconciliation of Adjusted Net Earnings Per Diluted Share (Unaudited)
Three Months (13 Weeks) Ended
July 4, 2026
Lower End of Range
Upper End of Range
Net earnings per diluted share
$
4.70
$
4.80
Less: Certain non-cash benefit, net of tax
(0.20)
(0.20)
Adjusted net earnings per diluted share
$
4.50
$
4.60
Forward-Looking Statements
Certain statements contained in this news release are "forward-looking statements" that involve risks and uncertainties which we expect will or may occur in the future and may impact our business, financial condition and results of operations. The words "anticipate," "believe," "expect," "intend," "project," "may," "will," "should," "could" and similar expressions are intended to identify those forward-looking statements. These forward-looking statements reflect the Company's best judgment based on current information, and, although we base these statements on circumstances that we believe to be reasonable when made, there can be no assurance that future events will not affect the accuracy of such forward-looking information. As such, the forward-looking statements are not guarantees of future performance, and actual results may vary materially from the projected results and expectations discussed in this news release. Factors that might cause the Company's actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including pressure from imports and substitute materials; (2) U.S. and foreign trade policies affecting steel imports or exports; (3) the sensitivity of the results of our operations to general market conditions, and in particular, prevailing market steel prices and changes in the supply and cost of raw materials, including pig iron, iron ore and scrap steel; (4) the availability and cost of electricity and natural gas, which could negatively affect our cost of steel production or result in a delay or cancellation of existing or future drilling within our natural gas drilling programs; (5) critical equipment failures and business interruptions; (6) market demand for steel products, which, in the case of many of our products, is driven by the level of nonresidential construction activity in the United States; (7) impairment in the recorded value of inventory, equity investments, fixed assets, goodwill or other long-lived assets; (8) uncertainties and volatility surrounding the global economy, including excess world capacity for steel production, inflation and interest rate changes; (9) fluctuations in currency conversion rates; (10) significant changes in laws or government regulations affecting environmental compliance, including legislation and regulations that result in greater regulation of greenhouse gas emissions that could increase our energy costs, capital expenditures and operating costs or cause one or more of our permits to be revoked or make it more difficult to obtain permit modifications; (11) the cyclical nature of the steel industry; (12) capital investments and their impact on our performance; (13) our safety performance; (14) our ability to integrate businesses we acquire; and (15) the impact of any pandemic or public health situation. These and other factors are discussed in Nucor's regulatory filings with the United States Securities and Exchange Commission, including those in "Item 1A. Risk Factors" of Nucor's Annual Report on Form 10-K for the year ended December 31, 2025. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them, except as may be required by applicable law.
