NYSE:NUENucor Stock Price, Forecast & News

Nucor's stock was trading at $35.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NUE shares have increased by 17.7% and is now trading at $41.6950. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Nucor.

Nucor is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Nucor.

Nucor Co. (NYSE:NUE) announced its quarterly earnings results on Tuesday, April, 28th. The basic materials company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. The basic materials company earned $5.62 billion during the quarter, compared to analysts' expectations of $5.40 billion. Nucor had a net margin of 3.57% and a return on equity of 10.52%. The company's revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. View Nucor's earnings history.

Nucor declared a quarterly dividend on Thursday, June 4th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.4025 per share on Tuesday, August 11th. This represents a $1.61 annualized dividend and a yield of 3.86%. The ex-dividend date is Monday, June 29th. View Nucor's dividend history.

Nucor declared that its Board of Directors has authorized a share buyback program on Thursday, September 6th 2018, which allows the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 10% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Nucor issued an update on its second quarter 2020 Pre-Market earnings guidance on Thursday, June, 18th. The company provided EPS guidance of 0.10-0.15 for the period, compared to the Thomson Reuters consensus estimate of $0.03.

11 equities research analysts have issued twelve-month price objectives for Nucor's shares. Their forecasts range from $37.00 to $71.00. On average, they anticipate Nucor's stock price to reach $51.00 in the next twelve months. This suggests a possible upside of 22.3% from the stock's current price. View analysts' price targets for Nucor.

News articles about NUE stock have trended very negative on Thursday, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Nucor earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news articles about the basic materials company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Nucor.

Nucor saw a drop in short interest in the month of June. As of June 15th, there was short interest totaling 4,010,000 shares, a drop of 23.5% from the May 31st total of 5,240,000 shares. Based on an average daily trading volume, of 3,000,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.3% of the shares of the stock are short sold. View Nucor's Current Options Chain.

Some companies that are related to Nucor include Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Commercial Metals (CMC), Cleveland-Cliffs (CLF), Worthington Industries (WOR), Allegheny Technologies (ATI), United States Steel (X), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP). View all competitors.

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

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

Nucor's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Park National Corp OH (0.01%). Company insiders that own Nucor stock include Allen C Behr, D Chad Utermark, David A Sumoski, John J Ferriola, Ladd R Hall, Leon J Topalian, Raymond S Napolitan Jr and Victoria F Haynes. View institutional ownership trends for Nucor.

NUE stock was sold by a variety of institutional investors in the last quarter, including Park National Corp OH. Company insiders that have sold Nucor company stock in the last year include Allen C Behr, John J Ferriola, Ladd R Hall, Leon J Topalian, and Raymond S Napolitan Jr. View insider buying and selling activity for Nucor.

Shares of NUE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of NUE stock can currently be purchased for approximately $41.70.

Nucor has a market capitalization of $12.56 billion and generates $22.59 billion in revenue each year. The basic materials company earns $1.27 billion in net income (profit) each year or $4.31 on an earnings per share basis. Nucor employs 26,800 workers across the globe.

The official website for Nucor is www.nucor.com.

Nucor's mailing address is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. The basic materials company can be reached via phone at 704-366-7000.