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NYSE:NUE

Nucor (NUE) Stock Forecast, Price & News

$133.09
+1.03 (+0.78%)
(As of 03:39 PM ET)
Compare
Today's Range
$131.90
$134.01
50-Day Range
$132.06
$155.73
52-Week Range
$100.13
$182.68
Volume
836,739 shs
Average Volume
1.79 million shs
Market Capitalization
$33.43 billion
P/E Ratio
5.22
Dividend Yield
1.53%
Price Target
$148.88

Nucor MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
12.2% Upside
$148.88 Price Target
Short Interest
Healthy
2.34% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.44mentions of Nucor in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-30.29%
From $17.00 to $11.85 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Basic Materials Sector

195th out of 320 stocks

Blast Furnaces & Steel Mills Industry

17th out of 24 stocks


NUE stock logo

About Nucor (NYSE:NUE) Stock

Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment consists of carbon and alloy steel in sheet, bars, structural and plate, steel trading businesses, rebar distribution businesses, and Nucor's equity method investments. The Steel Products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating, tubular products businesses, piling products businesses, and wire and wire mesh. The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC.

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NUE Stock News Headlines

This Is Why U.S. Steel Wants to Be More Like Nucor
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
Nucor Is An Elite Performer
Analysts Set Nucor Co. (NYSE:NUE) Price Target at $148.88
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
Nucor (NYSE:NUE) Stock Price Down 3.1%
Nucor To Stop Production At Nucor Steel Longview
Nucor Announces Plate Mill Group Reorganization
Analyst Expectations for Nucor's Future
KeyCorp Weighs in on Nucor Co.'s Q2 2023 Earnings (NYSE:NUE)
Nucor To Repurchase Up To $4.00 Bln Of Common Stock
See More Headlines

NUE Price History

NUE Company Calendar

Ex-Dividend for 5/11 Dividend
3/30/2023
Last Earnings
4/20/2023
Dividend Payable
5/11/2023
Today
6/01/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
67034610
Employees
31,400
Year Founded
1958

Price Target and Rating

Average Stock Price Forecast
$148.88
High Stock Price Forecast
$172.00
Low Stock Price Forecast
$122.00
Forecasted Upside/Downside
+12.7%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$7.61 billion
Pretax Margin
22.51%

Debt

Sales & Book Value

Annual Sales
$41.51 billion
Cash Flow
$33.52 per share
Book Value
$79.33 per share

Miscellaneous

Free Float
250,067,000
Market Cap
$33.18 billion
Optionable
Optionable
Beta
1.56

Social Links


Key Executives

  • Leon J. TopalianLeon J. Topalian
    Chairman, President & Chief Executive Officer
  • David A. SumoskiDavid A. Sumoski
    Chief Operating Officer
  • Stephen D. Laxton
    Chief Financial Officer, Treasurer & Executive VP
  • A. Rae Eagle
    Secretary & Vice President
  • Michael D. KellerMichael D. Keller
    Vice President & Controller













NUE Stock - Frequently Asked Questions

Should I buy or sell Nucor stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 1 sell rating, 5 hold ratings and 2 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.
View NUE analyst ratings
or view top-rated stocks.

What is Nucor's stock price forecast for 2023?

8 brokerages have issued 1-year price targets for Nucor's stock. Their NUE share price forecasts range from $122.00 to $172.00. On average, they expect the company's share price to reach $148.88 in the next year. This suggests a possible upside of 12.7% from the stock's current price.
View analysts price targets for NUE
or view top-rated stocks among Wall Street analysts.

How have NUE shares performed in 2023?

Nucor's stock was trading at $131.81 on January 1st, 2023. Since then, NUE shares have increased by 0.2% and is now trading at $132.06.
View the best growth stocks for 2023 here
.

Are investors shorting Nucor?

Nucor saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,850,000 shares, a decline of 16.8% from the April 30th total of 7,030,000 shares. Based on an average trading volume of 1,770,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 2.3% of the company's stock are sold short.
View Nucor's Short Interest
.

When is Nucor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our NUE earnings forecast
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) released its quarterly earnings results on Thursday, April, 20th. The basic materials company reported $4.45 EPS for the quarter, topping analysts' consensus estimates of $3.81 by $0.64. The basic materials company earned $8.71 billion during the quarter, compared to analysts' expectations of $8.87 billion. Nucor had a net margin of 16.73% and a trailing twelve-month return on equity of 34.91%. The firm's quarterly revenue was down 17.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.67 EPS.
Read the conference call transcript
.

How often does Nucor pay dividends? What is the dividend yield for Nucor?

Nucor announced a quarterly dividend on Tuesday, February 21st. Investors of record on Friday, March 31st will be given a dividend of $0.51 per share on Thursday, May 11th. This represents a $2.04 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for NUE
.

Is Nucor a good dividend stock?

Nucor (NYSE:NUE) pays an annual dividend of $2.04 per share and currently has a dividend yield of 1.53%. 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 8.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 17.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NUE.

How will Nucor's stock buyback program work?

Nucor declared that its Board of Directors has approved a stock 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 purchase up to 11.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

What guidance has Nucor issued on next quarter's earnings?

Nucor issued an update on its first quarter 2023 earnings guidance on Thursday, March, 16th. The company provided earnings per share (EPS) guidance of $3.70-$3.80 for the period, compared to the consensus estimate of $3.84. The company issued revenue guidance of -.

What is John J. Ferriola's approval rating as Nucor's CEO?

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.

What other stocks do shareholders of Nucor own?

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).

What is Nucor's stock symbol?

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

Who are Nucor's major shareholders?

Nucor's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.84%), State Street Corp (5.04%), FMR LLC (3.46%), Geode Capital Management LLC (2.16%), Dimensional Fund Advisors LP (1.94%) and Envestnet Asset Management Inc. (0.80%). 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 and Raymond S Napolitan, Jr.
View institutional ownership trends
.

How do I buy shares of Nucor?

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.
Compare Top Brokerages Here.

What is Nucor's stock price today?

One share of NUE stock can currently be purchased for approximately $132.06.

How much money does Nucor make?

Nucor (NYSE:NUE) has a market capitalization of $33.18 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 $25.51 on an earnings per share basis.

How many employees does Nucor have?

The company employs 31,400 workers across the globe.

Does Nucor have any subsidiaries?
The following companies are subsidiares of Nucor: Ambassador Steel Corporation, Corporacion POK SA de CV, Gallatin Steel Company, Harris Steel Inc., Harris Steel ULC, Harris U.S. Holdings Inc., Independence Tube Corporation, Joy Global - Steel Plate mill, Magnatrax Corporation, Nu-Iron Unlimited, Nucor Castrip Arkansas LLC, Nucor Energy Holdings Inc., Nucor Steel Auburn Inc., Nucor Steel Birmingham Inc., Nucor Steel Connecticut Inc., Nucor Steel Decatur LLC, Nucor Steel Florida Inc., Nucor Steel Gallatin LLC, Nucor Steel Jackson Inc., Nucor Steel Kankakee Inc., Nucor Steel Kingman LLC, Nucor Steel Louisiana LLC, Nucor Steel Marion Inc., Nucor Steel Memphis Inc., Nucor Steel Seattle Inc., Nucor Steel Sedalia LLC, Nucor Steel Tuscaloosa Inc., Nucor-Yamato Steel Company, Republic Conduit, Republic Conduit Inc., Skyline Steel, Skyline Steel LLC, Southland Tube Inc, Southland Tube Inc., St. Louis Cold Drawn Inc, St. Louis Cold Drawn LLC, The David J. Joseph Company, and Vulcraft-Omega.
Read More
How can I contact Nucor?

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.

This page (NYSE:NUE) was last updated on 6/1/2023 by MarketBeat.com Staff

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