Nucor Stock Price, News & Analysis (NYSE:NUE)

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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 targets for Nucor's stock. Their NUE share price targets range from $140.00 to $191.00. On average, they anticipate the company's stock price to reach $164.56 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
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Nucor's stock was trading at $131.81 at the beginning of 2023. Since then, NUE stock has increased by 29.3% and is now trading at $170.41.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
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Nucor Co. (NYSE:NUE) announced its quarterly earnings data on Tuesday, October, 24th. The basic materials company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.19 by $0.38. The basic materials company had revenue of $8.78 billion for the quarter, compared to analysts' expectations of $8.37 billion. Nucor had a net margin of 13.98% and a trailing twelve-month return on equity of 24.38%. The business's revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.50 EPS.
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Nucor declared a quarterly dividend on Thursday, September 14th. Investors of record on Friday, September 29th will be paid 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 1.20%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for NUE.

Nucor (NYSE:NUE) pays an annual dividend of $2.04 per share and currently has a dividend yield of 1.20%. 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 10.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 16.50% next year. This indicates that the company will be able to sustain or increase its dividend.
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 announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 11th 2023, which allows the company to buyback $4,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 11.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.

Nucor issued an update on its third quarter 2023 earnings guidance on Thursday, September, 14th. The company provided EPS guidance of $4.10-$4.20 for the period, compared to the consensus EPS 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's stock is owned by many different institutional and retail investors. Top institutional shareholders include State Farm Mutual Automobile Insurance Co. (10.59%), FMR LLC (3.28%), Northern Trust Corp (1.70%), Morgan Stanley (1.60%), Invesco Ltd. (0.92%) and Bank of New York Mellon Corp (0.73%). 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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