Nucor (NUE) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NUE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NUE, but not buy additional shares or sell existing shares.
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10 brokers have issued 12-month price objectives for Nucor's shares. Their NUE share price forecasts range from $122.00 to $191.00. On average, they anticipate the company's share price to reach $161.00 in the next year. This suggests a possible upside of 5.1% from the stock's current price.
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Nucor's stock was trading at $131.81 at the beginning of the year. Since then, NUE shares have increased by 16.2% and is now trading at $153.13.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our NUE earnings forecast.

Nucor will be holding an earnings conference call on Tuesday, October 24th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Nucor Co. (NYSE:NUE) issued its quarterly earnings results on Monday, July, 24th. The basic materials company reported $5.81 EPS for the quarter, beating the consensus estimate of $5.59 by $0.22. The basic materials company earned $9.52 billion during the quarter, compared to analyst estimates of $9.62 billion. Nucor had a net margin of 14.81% and a trailing twelve-month return on equity of 28.00%. Nucor's quarterly revenue was down 19.3% compared to the same quarter last year. During the same quarter last year, the company posted $9.67 earnings per share.
Read the conference call transcript.

Nucor announced a quarterly dividend on Thursday, September 14th. Stockholders of record on Friday, September 29th will be given a dividend of $0.51 per share on Thursday, November 9th. This represents a $2.04 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for NUE.

ETFs with the largest weight of Nucor (NYSE:NUE) stock in their portfolio include VanEck Steel ETF (SLX), iShares U.S. Basic Materials ETF (IYM), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), iMGP Berkshire Dividend Growth ETF (BDVG), SPDR S&P Metals & Mining ETF (XME), First Trust Materials AlphaDEX Fund (FXZ), Materials Select Sector SPDR Fund (XLB) and Pacer US Cash Cows Growth ETF (BUL).

Nucor (NYSE:NUE) pays an annual dividend of $2.04 per share and currently has a dividend yield of 1.33%. The company has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 9.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 17.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NUE.

Nucor announced that its board has approved a share buyback plan on Thursday, May 11th 2023, which permits the company to buyback $4,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 11.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

Nucor updated its third quarter 2023 earnings guidance on Thursday, September, 14th. The company provided earnings per share guidance of $4.10-$4.20 for the period, compared to the consensus estimate of $4.65. The company issued revenue guidance of -.

103 employees have rated Nucor Chief Executive Officer John J. Ferriola on Glassdoor.com. John J. Ferriola has an approval rating of 91% among the company's employees. This puts John J. Ferriola in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nucor investors own include AT&T (T), AbbVie (ABBV), NVIDIA (NVDA), Cisco Systems (CSCO), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Intel (INTC), Home Depot (HD), JPMorgan Chase & Co. (JPM) and Walt Disney (DIS).

Nucor trades on the New York Stock Exchange (NYSE) under the ticker symbol "NUE."

Nucor's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Farm Mutual Automobile Insurance Co. (10.87%), BlackRock Inc. (8.69%), State Street Corp (4.98%), Geode Capital Management LLC (2.18%), Dimensional Fund Advisors LP (2.02%) and Northern Trust Corp (1.60%). Insiders that own company stock include Allen C Behr, Allen C Behr, Craig A Feldman, D Chad Utermark, Daniel R Needham, David A Sumoski, Douglas J Jellison, Gregory J Murphy, James D Frias, James D Frias, John J Hollatz, Kenneth Rex Query, Leon J Topalian, Maryemily Slate, Michael D Keller, Raymond S Napolitan Jr, Raymond S Napolitan, Jr and Stephen D Laxton.
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Shares of NUE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NUE stock can currently be purchased for approximately $153.13.

Nucor (NYSE:NUE) has a market capitalization of $38.09 billion and generates $41.51 billion in revenue each year. The basic materials company earns $7.61 billion in net income (profit) each year or $21.65 on an earnings per share basis.

The company employs 31,400 workers across the globe.

Nucor's mailing address is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. The official website for the company is www.nucor.com. The basic materials company can be reached via phone at (704) 366-7000, via email at paul.donnelly@nucor.com, or via fax at 704-362-4208.