Nucor Stock Forecast, Price & News

Nucor's stock was trading at $35.43 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NUE stock has increased by 38.2% and is now trading at $48.97.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Nucor is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
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Nucor Co. (NYSE:NUE) released its quarterly earnings results on Thursday, July, 23rd. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.14 by $0.22. The basic materials company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.43 billion. Nucor had a return on equity of 7.95% and a net margin of 2.49%. Nucor's quarterly revenue was down 26.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 EPS.
View Nucor's earnings history.

Nucor declared a quarterly dividend on Thursday, September 10th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.4025 per share on Tuesday, November 10th. This represents a $1.61 annualized dividend and a yield of 3.29%. The ex-dividend date is Tuesday, September 29th.
View Nucor's dividend history.

Nucor updated its third quarter 2020 Pre-Market earnings guidance on Thursday, September, 17th. The company provided earnings per share (EPS) guidance of 0.50-0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.38.

11 Wall Street analysts have issued 12-month target prices for Nucor's shares. Their forecasts range from $37.00 to $71.00. On average, they anticipate Nucor's stock price to reach $51.50 in the next year. This suggests a possible upside of 5.2% from the stock's current price.
View analysts' price targets for Nucor.

Nucor saw a decrease in short interest in August. As of August 31st, there was short interest totaling 3,630,000 shares, a decrease of 17.5% from the August 15th total of 4,400,000 shares. Based on an average daily volume of 2,070,000 shares, the short-interest ratio is currently 1.8 days. Approximately 1.2% of the company's shares are sold short.
View Nucor's Short Interest.

Some companies that are related to Nucor include Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Cleveland-Cliffs (CLF), Commercial Metals (CMC), Worthington Industries (WOR), United States Steel (X), Allegheny Technologies (ATI), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).
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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), Home Depot (HD), Intel (INTC), Walt Disney (DIS), Micron Technology (MU) and Johnson & Johnson (JNJ).

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

Nucor's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.14%), Bank of New York Mellon Corp (2.05%), ProShare Advisors LLC (0.71%), Charles Schwab Investment Management Inc. (0.52%), Nuveen Asset Management LLC (0.51%) and Sumitomo Mitsui Trust Holdings Inc. (0.45%). Company insiders that own Nucor stock include Allen C Behr, 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 Vanguard Group Inc., Prudential PLC, Goldman Sachs Group Inc., Cibc World Markets Corp, Prudential Financial Inc., TD Asset Management Inc., Advisor Group Holdings Inc., and Toronto Dominion Bank. Company insiders that have sold Nucor company stock in the last year include Allen C Behr, John J Ferriola, Leon J Topalian, and Raymond S Napolitan Jr.
View insider buying and selling activity for Nucor.

NUE stock was acquired by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, SG Americas Securities LLC, Victory Capital Management Inc., Main Street Research LLC, Personal Capital Advisors Corp, Reilly Financial Advisors LLC, Poplar Forest Capital LLC, and Thrivent Financial for Lutherans.
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 $48.97.

Nucor has a market capitalization of $14.78 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.