Nucor (NUE) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last twelve months. There are currently 4 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.
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7 brokerages have issued 12-month price targets for Nucor's shares. Their NUE share price targets range from $154.00 to $240.00. On average, they anticipate the company's share price to reach $192.75 in the next twelve months. This suggests a possible upside of 19.5% from the stock's current price.
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Nucor's stock was trading at $174.04 at the start of the year. Since then, NUE stock has decreased by 7.4% and is now trading at $161.24.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
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Nucor Co. (NYSE:NUE) issued its quarterly earnings results on Monday, April, 22nd. The basic materials company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.62 by $0.16. The basic materials company earned $8.14 billion during the quarter, compared to the consensus estimate of $8.26 billion. Nucor had a net margin of 12.40% and a trailing twelve-month return on equity of 19.62%. The firm's quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the company earned $4.45 earnings per share.
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Nucor announced a quarterly dividend on Thursday, June 6th. Stockholders of record on Friday, June 28th will be given a dividend of $0.54 per share on Friday, August 9th. This represents a $2.16 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, June 28th.
Read our dividend analysis for NUE.

Nucor (NYSE:NUE) pays an annual dividend of $2.16 per share and currently has a dividend yield of 1.34%. The dividend payout ratio is 12.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 16.76% 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), iMGP Berkshire Dividend Growth ETF (BDVG), iShares U.S. Basic Materials ETF (IYM), First Trust Materials AlphaDEX Fund (FXZ), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), Materials Select Sector SPDR Fund (XLB), SPDR S&P Metals & Mining ETF (XME) and iShares MSCI Global Metals & Mining Producers ETF (PICK).

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

Nucor issued an update on its second quarter earnings guidance on Monday, April, 22nd. The company provided earnings per share (EPS) guidance of below $3.46 for the period, compared to the consensus estimate of $3.63.

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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.20%), Capital World Investors (1.57%), Bank of New York Mellon Corp (0.68%), Nordea Investment Management AB (0.49%), ProShare Advisors LLC (0.43%) and Mirae Asset Global Investments Co. Ltd. (0.35%). Insiders that own company stock include Allen C Behr, Allen C Behr, 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, Nicholas C Gangestad 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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