Nucor Was Just Upgraded to Buy by UBS With $190 Price Target - 24/7 Wall St. S&P 5006,557.80 -0.66% Dow Jones46,408.80 -0.15% Nasdaq 10023,919.40 -1.15% Russell 20002,522.09 -0.49% FTSE 1009,996.20 -1.19% AI Portfolio Follow 24/7 Wall St. on Google Nikkei 22553,122.00 -1.38% Stock Market Live March 26, 2026: S&P 500 (SPY) Slips on Oil Again Investing Nucor Was Just Upgraded to Buy by UBS With $190 Price Target By Joel SouthPublished Mar 26, 11:04AM EDT Quick Read Nucor (NUE) was upgraded to Buy by UBS wi ...

Quick Read Commercial Metals (CMC) reported fiscal Q2 2026 revenue of $2.132B and net income of $93.03M, with North America Steel Group adjusted EBITDA surging 96.9% year-over-year on a $147 per ton improvement in steel product metal margin. The company’s $2.5B acquisition of CP&P and Foley Products closed in December 2025, with Construction Solutions Group revenue jumping 97.9% year-over-year and precast platform EBITDA expected to reach $165 to $175M annually. Nucor posted 34.2% quarterly earnings grow ...

Nucor (NUE) ended the recent trading session at $160.62, demonstrating a +1.29% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 1.15%. On the other hand, the Dow registered a gain of 1.38%, and the technology-centric Nasdaq increased by 1.38%. Coming into today, shares of the steel company had lost 11.91% in the past month. In that same time, the Basic Materials sector lost 16.03%, while the S&P 500 lost 5.69%. Analysts and investors alike will ...

Key Takeaways Nucor forecasts Q1 EPS of $2.70-$2.80, up sharply from Q4 2025 earnings levels. Nucor expects higher steel mill earnings on better pricing and volumes, with products segment gains. NUE repurchased 0.7M shares and returned about $250M via buybacks and dividends year to date. Nucor Corporation (NUE) has released its earnings guidance for the first quarter of 2026, indicating higher profitability supported by improved performance across its core operating segments, especially the steel mills. The ...

Nucor Announces Guidance for the First Quarter of 2026 Earnings Accessibility StatementSkip NavigationCHARLOTTE, N.C., March 19, 2026 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its first quarter ending April 4, 2026. Nucor expects first quarter earnings to be in the range of $2.70 to $2.80 per diluted share. Nucor reported fourth quarter 2025 net earnings of $1.64 and adjusted earnings of $1.73, both per diluted share. Prior year first quarter net earnings were $0.67 and adju ...

Financial Data and Key Metrics Changes - Consolidated adjusted EBITDA for Q4 was $3.2 million, down from $6 million the prior year, driven by a pause in customer orders due to new global tariffs [4] - Full year consolidated adjusted EBITDA was $29.2 million, an improvement from the prior year [4][22] - Net sales for Q4 were $108.8 million, an increase of $7.8 million compared to Q4 2024, while full year net sales were $434.2 million, up $3.8 million from the prior year [21] Business Line Data and Key Metrics Changes - Air and Liquid Processing segment achieved record revenue and adjusted EBITDA in 2025, with Q4 revenue 10% higher than the prior year and full year revenue 7% above the prior year [6][7] - Forged and Cast Engineered Products (FCEP) reported Q4 net sales of $70.9 million, up from $66.5 million in Q4 2024, and full year net sales of $292.6 million, stable compared to $286.6 million in the prior year [12] - FCEP adjusted EBITDA for Q4 was $2.2 million, down from $5.5 million in the prior year, while full year adjusted EBITDA was $24.4 million [13] Market Data and Key Metrics Changes - Backlog for Air and Liquid declined by $8 million year-over-year, primarily due to the U.S. Navy's termination of the Constellation-class frigate program [8] - Significant order activity was noted at the start of 2026, with bookings up 73% compared to the prior year [8] - Demand for heat exchangers in the nuclear market reached record levels, indicating long-term growth potential [9] Company Strategy and Development Direction - The company initiated the removal of underperforming assets to improve adjusted EBITDA by $7-$8 million annually [4] - Focus on optimizing the Sweden facility and ramping up production to meet expected market growth [13][15] - Anticipation of significant margin expansion in the second half of 2026 and full year 2027 due to operational improvements and tariff protections [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about emerging from the steel market slowdown and improving profitability in 2026 [52] - The company noted that the roll market is recovering, and shutdown costs are behind them [25] - Management highlighted strong demand in the nuclear and AI data center markets, positioning the company for growth [10][9] Other Important Information - The company recorded significant one-time charges related to the exit from unprofitable operations, totaling $42.4 million in Q4 and $52.2 million for the full year [19] - The pension plan achieved fully funded status in early 2026, enhancing the company's liquidity position [24] Q&A Session Summary Question: Inquiry about Air and Liquid Processing margins - Management indicated that Q4 margins were affected by an unusual mix, and the full year is more representative of typical performance [29] Question: Clarification on customer behavior changes in Forged and Cast rolls - Management explained that customer behavior was impacted by tariff calculations, leading to a pause in orders, but demand is now recovering [32][34] Question: Involvement with Westinghouse's AP1000 reactors - Management confirmed past supply to Westinghouse and noted positive indicators for future activity in the nuclear market [46][48]

Backlog declined year over year by $8 million, primarily driven by the U.S. Navy’s decision to terminate production of the Constellation frigate program, which resulted in $7.1 million of orders being removed from the backlog in late 2025. Costs related to the terminated orders are expected to be paid by the Navy along with normal profit margins. While backlog ended $8 million lower, we did see significant order activity at the start of 2026. As referenced in our press release dated March 10, order activity ...

Broadcom AI semiconductor chip inside data center servers, symbolizing buybacks amid AI infrastructure boom. Key Points Berkshire Hathaway is signaling that its shares are below their intrinsic value as it restarts buyback spending. Chips giant Broadcom likely sees something similar in its stock as the firm's buyback activity is picking up big-time. Steel giant Nucor has surged over the past 52 weeks and now has large buyback capacity. Interested in Berkshire Hathaway Inc.? Here are five stocks we lik ...

Company Performance - Nucor's stock closed at $163.48, reflecting a -1.32% change from the previous day's closing price, underperforming the S&P 500's daily loss of 0.61% [1] - Over the past month, Nucor's shares have depreciated by 12.26%, compared to the Basic Materials sector's loss of 3.27% and the S&P 500's loss of 2.25% [1] Earnings Forecast - Nucor is expected to report an EPS of $2.84, indicating a significant 268.83% increase from the same quarter last year [2] - The consensus estimate projects revenue of $8.71 billion, reflecting an 11.2% rise from the equivalent quarter last year [2] Full Year Estimates - For the full year, earnings are projected at $11.83 per share and revenue at $35.16 billion, showing increases of +53.44% and +8.2% respectively from the previous year [3] - Recent changes to analyst estimates suggest optimism regarding Nucor's business and profitability [3] Valuation Metrics - Nucor's Forward P/E ratio is currently 14.01, which is a premium compared to the industry average Forward P/E of 12.68 [6] - The company has a PEG ratio of 0.59, while the industry average PEG ratio is 0.46 [6] Industry Context - The Steel - Producers industry, part of the Basic Materials sector, has a Zacks Industry Rank of 196, placing it in the bottom 20% of over 250 industries [7] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Core Insights - Nvidia reported strong fourth-quarter earnings, exceeding revenue and profit expectations, but the stock price declined due to investor skepticism about the sustainability of high expectations in the AI sector [2][3] - Wall Street's cautious response indicates a shift in focus from earnings beats to concerns about long-term growth, capital returns, and competitive dynamics in the AI hardware market [3] Company Performance - Nvidia's earnings report highlighted continued demand for its AI-compute platforms, yet concerns arose regarding future spending patterns and competition from alternative AI chip designs [3] - Despite Nvidia's strong results, the semiconductor sector experienced a pullback, impacting major tech benchmarks negatively [2] Market Sentiment - Investor sentiment has shifted towards questioning the sustainability of the AI-led market rally, despite fundamentally strong results from key players like Nvidia [3] - The performance of other companies, such as Salesforce and Tempus AI, also reflected broader market concerns, with Salesforce stock sliding due to soft revenue guidance [5]