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NYSE:NUE

Nucor Stock Forecast, Price & News

$109.53
-0.53 (-0.48%)
(As of 06/28/2022 11:21 AM ET)
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Compare
Today's Range
$109.44
$113.02
50-Day Range
$106.04
$175.59
52-Week Range
$87.71
$187.90
Volume
24,642 shs
Average Volume
2.47 million shs
Market Capitalization
$29.14 billion
P/E Ratio
3.92
Dividend Yield
1.80%
Price Target
$132.80
30 days | 90 days | 365 days | Advanced Chart

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NUE Stock Forecast (MarketRank)

Overall MarketRank

2.89 out of 5 stars

Basic Materials Sector

34th out of 247 stocks

Blast Furnaces & Steel Mills Industry

2nd out of 19 stocks

Analyst Opinion: 2.1Community Rank: 4.4Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
Nucor logo

About Nucor (NYSE:NUE)

Nucor Corporation manufactures and sells steel and steel products. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. It also engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Its Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel racking, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal products, and wire and wire mesh products primarily for use in nonresidential construction applications. This segment also engages in the piling distribution business. The company's Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. It serves agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation industries through its in-house sales force; and internal distribution and trading companies. Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina.

NUE Stock News Headlines

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Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
67034610
Employees
28,800
Year Founded
1958

Company Calendar

Ex-Dividend for 5/11 Dividend
3/30/2022
Last Earnings
4/21/2022
Dividend Payable
5/11/2022
Today
6/28/2022
Ex-Dividend for 8/11 Dividend
6/29/2022
Next Earnings (Estimated)
7/28/2022
Dividend Payable
8/11/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$132.80
High Stock Price Forecast
$190.00
Low Stock Price Forecast
$102.00
Forecasted Upside/Downside
+21.2%
Consensus Rating
Hold
Rating Score (0-4)
2.22222222222222
Research Coverage
9 Analysts

Profitability

Net Income
$6.83 billion
Pretax Margin
27.03%

Debt

Sales & Book Value

Annual Sales
$36.48 billion
Cash Flow
$26.52 per share
Book Value
$51.10 per share

Miscellaneous

Free Float
264,838,000
Market Cap
$29.14 billion
Optionable
Optionable
Beta
1.23

Social Links















Nucor Frequently Asked Questions

Should I buy or sell Nucor stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Nucor stock. 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.
View analyst ratings for Nucor
or view top-rated stocks.

What is Nucor's stock price forecast for 2022?

9 brokers have issued 1 year price targets for Nucor's shares. Their NUE stock forecasts range from $102.00 to $190.00. On average, they expect Nucor's share price to reach $132.80 in the next year. This suggests a possible upside of 20.9% from the stock's current price.
View analysts' price targets for Nucor
or view top-rated stocks among Wall Street analysts.

How has Nucor's stock price performed in 2022?

Nucor's stock was trading at $114.15 at the start of the year. Since then, NUE stock has decreased by 3.7% and is now trading at $109.87.
View the best growth stocks for 2022 here
.

When is Nucor's next earnings date?

Nucor is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for Nucor
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) announced its quarterly earnings results on Thursday, April, 21st. The basic materials company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.35 by $0.32. The basic materials company earned $10.49 billion during the quarter, compared to analyst estimates of $10.72 billion. Nucor had a trailing twelve-month return on equity of 55.61% and a net margin of 19.97%. The business's revenue for the quarter was up 49.5% on a year-over-year basis. During the same period last year, the company posted $3.10 EPS.
View Nucor's earnings history
.

How often does Nucor pay dividends? What is the dividend yield for Nucor?

Nucor announced a quarterly dividend on Thursday, June 9th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.50 per share on Thursday, August 11th. This represents a $2.00 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Wednesday, June 29th.
View Nucor's dividend history
.

Is Nucor a good dividend stock?

Nucor(NYSE:NUE) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.80%. Nucor has been increasing its dividend for 49 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Nucor is 7.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nucor will have a dividend payout ratio of 15.33% next year. This indicates that Nucor will be able to sustain or increase its dividend.
View Nucor's dividend history.

How will Nucor's stock buyback program work?

Nucor declared that its Board of Directors has approved a stock buyback plan on Thursday, December 2nd 2021, which authorizes the company to buyback $4,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 13% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its shares are undervalued.

What guidance has Nucor issued on next quarter's earnings?

Nucor issued an update on its second quarter 2022 earnings guidance on Wednesday, June, 22nd. The company provided EPS guidance of $8.75-$8.85 for the period, compared to the consensus EPS estimate of $8.10. The company issued revenue guidance of -.

Who are Nucor's key executives?

Nucor's management team includes the following people:

What is John J. Ferriola's approval rating as Nucor's CEO?

103 employees have rated Nucor CEO John J. Ferriola on Glassdoor.com. John J. Ferriola has an approval rating of 91% among Nucor's employees. This puts John J. Ferriola in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Nucor own?

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).

What is Nucor's stock symbol?

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

Who are Nucor's major shareholders?

Nucor's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (13.12%), BlackRock Inc. (8.69%), State Street Corp (5.88%), Capital World Investors (3.19%), Dimensional Fund Advisors LP (1.78%) and Northern Trust Corp (1.70%). Company insiders that own Nucor stock include Allen C Behr, Allen C Behr, Craig A Feldman, D Chad Utermark, Daniel R Needham, David A Sumoski, Douglas J Jellison, James D Frias, James D Frias, John J Ferriola, Kenneth Rex Query, Ladd R Hall, Leon J Topalian, Maryemily Slate, Michael D Keller, Raymond S Napolitan Jr and Raymond S Napolitan, Jr.
View institutional ownership trends for Nucor
.

Which major investors are selling Nucor stock?

NUE stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Vanguard Group Inc., Acadian Asset Management LLC, Mirae Asset Global Investments Co. Ltd., Capital Fund Management S.A., Robeco Institutional Asset Management B.V., Madison Asset Management LLC, and Main Street Research LLC. Company insiders that have sold Nucor company stock in the last two years include Allen C Behr, Craig A Feldman, D Chad Utermark, Daniel R Needham, David A Sumoski, Douglas J Jellison, James D Frias, Kenneth Rex Query, Leon J Topalian, Maryemily Slate, Michael D Keller, Raymond S Napolitan Jr, and Raymond S Napolitan, Jr.
View insider buying and selling activity for Nucor
or view top insider-selling stocks.

Which major investors are buying Nucor stock?

NUE stock was purchased by a variety of institutional investors in the last quarter, including CFS Investment Advisory Services LLC, BlackRock Inc., 1832 Asset Management L.P., Twin Tree Management LP, Ardevora Asset Management LLP, Lord Abbett & CO. LLC, Pacer Advisors Inc., and Dimensional Fund Advisors LP.
View insider buying and selling activity for Nucor
or or view top insider-buying stocks.

How do I buy shares of Nucor?

Shares of NUE 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.
Compare Top Brokerages Here.

What is Nucor's stock price today?

One share of NUE stock can currently be purchased for approximately $109.87.

How much money does Nucor make?

Nucor (NYSE:NUE) has a market capitalization of $29.23 billion and generates $36.48 billion in revenue each year. The basic materials company earns $6.83 billion in net income (profit) each year or $27.959990 on an earnings per share basis.

How many employees does Nucor have?

Nucor employs 28,800 workers across the globe.

Does Nucor have any subsidiaries?

The following companies are subsidiares of Nucor: Ambassador Steel Corporation, Corporacion POK SA de CV, Gallatin Steel Company, Harris Steel Inc., Harris Steel ULC, Harris U.S. Holdings Inc., Independence Tube Corporation, Joy Global - Steel Plate mill, Magnatrax Corporation, Nu-Iron Unlimited, Nucor Castrip Arkansas LLC, Nucor Energy Holdings Inc., Nucor Steel Auburn Inc., Nucor Steel Birmingham Inc., Nucor Steel Connecticut Inc., Nucor Steel Decatur LLC, Nucor Steel Florida Inc., Nucor Steel Gallatin LLC, Nucor Steel Jackson Inc., Nucor Steel Kankakee Inc., Nucor Steel Kingman LLC, Nucor Steel Louisiana LLC, Nucor Steel Marion Inc., Nucor Steel Memphis Inc., Nucor Steel Seattle Inc., Nucor Steel Sedalia LLC, Nucor Steel Tuscaloosa Inc., Nucor-Yamato Steel Company, Republic Conduit, Republic Conduit Inc., Skyline Steel, Skyline Steel LLC, Southland Tube Inc, Southland Tube Inc., St. Louis Cold Drawn Inc, St. Louis Cold Drawn LLC, The David J. Joseph Company, and Vulcraft-Omega.
Read More

When was Nucor founded?

Nucor was founded in 1958.

How can I contact Nucor?

Nucor's mailing address is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. The official website for Nucor is www.nucor.com. The basic materials company can be reached via phone at (704) 366-7000 or via fax at 704-362-4208.

This page (NYSE:NUE) was last updated on 6/28/2022 by MarketBeat.com Staff

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