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S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Advisor to FBI: Sell META now (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
Advisor to FBI: Sell META now (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Advisor to FBI: Sell META now (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
Advisor to FBI: Sell META now (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Advisor to FBI: Sell META now (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
Advisor to FBI: Sell META now (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
NYSE:NUE

Nucor (NUE) Stock Forecast, Price & News

$155.25
+2.12 (+1.38%)
(As of 09/25/2023 ET)
Compare
Today's Range
$152.39
$155.76
50-Day Range
$151.54
$173.00
52-Week Range
$102.86
$182.68
Volume
1.25 million shs
Average Volume
1.61 million shs
Market Capitalization
$38.61 billion
P/E Ratio
7.17
Dividend Yield
1.31%
Price Target
$161.00

Nucor MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
3.7% Upside
$161.00 Price Target
Short Interest
Bearish
2.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.52mentions of Nucor in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$10.58 M Sold Last Quarter
Proj. Earnings Growth
-34.43%
From $18.30 to $12.00 Per Share

Overall MarketRank

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

1.70 out of 5 stars

Basic Materials Sector

142nd out of 164 stocks

Blast Furnaces & Steel Mills Industry

12th out of 12 stocks


NUE stock logo

About Nucor (NYSE:NUE) Stock

Nucor Corporation engages in manufacture and sale of steel and steel products. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products. It also engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Its Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel racking, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal products, and wire and wire mesh products primarily for use in nonresidential construction applications. This segment also engages in the piling distribution business. The company's Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. It serves agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation industries through its in-house sales force; and internal distribution and trading companies. The company was founded in 1905 and is headquartered in Charlotte, North Carolina.

NUE Price History

NUE Stock News Headlines

2 Leading AI Stocks Going Opposite Ways (NUE)
Artificial intelligence (AI) has driven the new enterprise demand cycle for servers, services and applications; some companies are meeting demand, some are not
3 Dividend Kings Poised to Outperform the Market (NUE)
Wall Street expects these three Dividend Kings who have raised their dividend payments for 50 or more consecutive years to keep delivering dividend gold.
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Is Nucor (NYSE:NUE) Using Too Much Debt?
3 Steel Stocks Better Than Nucor (NUE)
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New Breakthrough "Living Software" Has Been... Ukraine's "Secret Weapon" Against Russia The Washington Post Reports: "It's a big reason David is beating Goliath..." The Wall Street Journal Reports: "it's a technical revolution." Jeff Bezos Said: "It's in the realm of science fiction." Early investors can reap 5,633% gains on the small company revolutionizing warfare >>>
Company News for Sep 18, 2023
StockNews.com Downgrades Nucor (NYSE:NUE) to Hold
Materials Down as Nucor Slides -- Materials Roundup
Nucor’s stock tanks after profit warning
Nucor Sees Q3 EPS Below View; Stock Down In After-hours Trading
Nucor Announces 202nd Consecutive Cash Dividend
Nucor (NUE) Stock Moves -0.09%: What You Should Know
Nucor Insiders Sold US$14m Of Shares Suggesting Hesitancy
Nucor Is A Secular, Not Cyclical, Growth Story
See More Headlines
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NUE Company Calendar

Ex-Dividend for 8/11 Dividend
6/29/2023
Last Earnings
7/24/2023
Dividend Payable
8/11/2023
Today
9/25/2023
Ex-Dividend for 11/9 Dividend
9/28/2023
Next Earnings (Confirmed)
10/24/2023
Dividend Payable
11/09/2023
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
$161.00
High Stock Price Forecast
$191.00
Low Stock Price Forecast
$122.00
Forecasted Upside/Downside
+3.7%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$7.61 billion
Pretax Margin
20.03%

Debt

Sales & Book Value

Annual Sales
$41.51 billion
Cash Flow
$34.27 per share
Book Value
$76.28 per share

Miscellaneous

Free Float
247,578,000
Market Cap
$38.61 billion
Optionable
Optionable
Beta
1.61

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Key Executives

  • Mr. Leon J. TopalianMr. Leon J. Topalian (Age 55)
    Pres, CEO & Chairman
    Comp: $9.44M
  • Mr. Stephen D. LaxtonMr. Stephen D. Laxton (Age 52)
    CFO, Treasurer & Exec. VP
    Comp: $2.29M
  • Mr. K. Rex Query (Age 57)
    Exec. VP of Sheet, Tubular Products & Talent Resources
    Comp: $3.13M
  • Mr. D. Chad UtermarkMr. D. Chad Utermark (Age 54)
    Exec. VP of New Markets & Innovation
    Comp: $2.56M
  • Mr. Patrick J. Dempsey (Age 59)
    Independent Director & GM of Commercial Sheet Products
    Comp: $132.5k
  • Mr. Daniel R. NeedhamMr. Daniel R. Needham (Age 57)
    Exec. VP of Commercial
    Comp: $2.78M
  • Mr. David A. SumoskiMr. David A. Sumoski (Age 56)
    Chief Operating Officer
  • Mr. Jack Sullivan
    Gen. Mang. of Investor Relations
  • Mr. Gregory J. MurphyMr. Gregory J. Murphy (Age 59)
    Exec. VP of Bus. Services & Gen. Counsel
  • Mr. Benjamin M. Pickett
    Gen. Mang. of Public Affairs & Gov. Relations













NUE Stock - Frequently Asked Questions

Should I buy or sell Nucor stock right now?

10 Wall Street 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 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?

10 equities research analysts have issued 12-month target prices for Nucor's stock. Their NUE share price forecasts range from $122.00 to $191.00. On average, they expect the company's share price to reach $161.00 in the next twelve months. This suggests a possible upside of 3.7% 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 at the beginning of the year. Since then, NUE shares have increased by 17.8% and is now trading at $155.25.
View the best growth stocks for 2023 here
.

When is Nucor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our NUE earnings forecast
.

How can I listen to Nucor's earnings call?

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.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) issued its quarterly earnings results on Monday, July, 24th. The basic materials company reported $5.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.59 by $0.22. The basic materials company had revenue of $9.52 billion for 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% on a year-over-year basis. During the same quarter last year, the firm earned $9.67 earnings per share.
Read the conference call transcript
.

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

Nucor declared a quarterly dividend on Thursday, September 14th. Shareholders 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 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, September 28th.
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 1.33%. 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.

How will Nucor's stock buyback program work?

Nucor declared that its board has initiated a share repurchase program on Thursday, May 11th 2023, which authorizes the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 11.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

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

Nucor issued an update on 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 earnings per share estimate of $4.65. 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 institutional and retail investors. Top institutional investors 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.
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 $155.25.

How much money does Nucor make?

Nucor (NYSE:NUE) has a market capitalization of $38.61 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.

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 9/26/2023 by MarketBeat.com Staff

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