Nucor - NUE Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 5 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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8 brokers have issued 1-year price targets for Nucor's shares. Their NUE share price forecasts range from $114.00 to $190.00. On average, they expect the company's stock price to reach $146.44 in the next twelve months. This suggests that the stock has a possible downside of 13.0%.
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Nucor's stock was trading at $131.81 at the beginning of 2023. Since then, NUE stock has increased by 27.7% and is now trading at $168.35.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
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Nucor Co. (NYSE:NUE) announced its earnings results on Thursday, January, 26th. The basic materials company reported $4.89 earnings per share for the quarter, topping analysts' consensus estimates of $4.18 by $0.71. The basic materials company earned $8.72 billion during the quarter, compared to the consensus estimate of $8.54 billion. Nucor had a net margin of 18.33% and a trailing twelve-month return on equity of 42.03%. Nucor's revenue was down 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.97 earnings per share.
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Nucor announced a quarterly dividend on Wednesday, December 14th. Stockholders of record on Friday, December 30th will be given a dividend of $0.51 per share on Friday, February 10th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, December 29th. This is a positive change from the stock's previous quarterly dividend of $0.50.
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 7.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 17.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NUE.

Nucor announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 2nd 2021, which allows the company to repurchase $4,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 13% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Nucor issued an update on its fourth quarter 2022 earnings guidance on Thursday, December, 15th. The company provided earnings per share (EPS) guidance of $4.25-$4.35 for the period, compared to the consensus EPS estimate of $4.41. 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "NUE."

Nucor's stock is owned by a variety of retail and institutional investors. Top institutional investors include Pacer Advisors Inc. (0.56%), ProShare Advisors LLC (0.49%), Swiss National Bank (0.41%), Nordea Investment Management AB (0.39%), Capital Wealth Planning LLC (0.38%) and Sumitomo Mitsui Trust Holdings Inc. (0.33%). 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 and Raymond S Napolitan, Jr.
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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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One share of NUE stock can currently be purchased for approximately $168.35.

Nucor (NYSE:NUE) has a market capitalization of $43.19 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 $28.73 on an earnings per share basis.

The company employs 28,800 workers across the globe.

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.