NYSE:NUENucor Stock Price, Forecast & News

Nucor's stock was trading at $35.43 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NUE shares have increased by 16.9% and is now trading at $41.40. 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) posted its quarterly earnings results on Tuesday, April, 28th. The basic materials company reported $0.99 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.95 by $0.04. The basic materials company had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.40 billion. Nucor had a return on equity of 10.52% and a net margin of 3.57%. Nucor's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 earnings per share. View Nucor's earnings history.

Nucor announced a quarterly dividend on Thursday, June 4th. Investors 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 3.89%. The ex-dividend date is Monday, June 29th. View Nucor's dividend history.

Nucor declared that its board has authorized a stock buyback program on Thursday, September 6th 2018, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 10% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its stock is undervalued.

Nucor updated 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 EPS estimate of $0.03.

11 analysts have issued 1 year price targets for Nucor's shares. Their forecasts range from $37.00 to $71.00. On average, they expect Nucor's stock price to reach $51.00 in the next year. This suggests a possible upside of 23.2% from the stock's current price. View analysts' price targets for Nucor.

Press coverage about NUE stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Nucor earned a coverage optimism score of 0.7 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 news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Nucor.

Nucor saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 4,010,000 shares, a decrease of 23.5% from the May 31st total of 5,240,000 shares. Based on an average daily volume of 3,000,000 shares, the short-interest ratio is presently 1.3 days. Approximately 1.3% of the shares of the company are sold short. 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%) and First Financial Bank Trust Division (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, and First Financial Bank Trust Division. 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 $41.40.

Nucor has a market capitalization of $12.47 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.