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 1 sell rating, 5 hold ratings and 2 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 Wall Street analysts have issued 1 year price objectives for Nucor's shares. Their NUE share price forecasts range from $122.00 to $172.00. On average, they predict the company's stock price to reach $148.88 in the next year. This suggests a possible upside of 11.9% from the stock's current price.
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Nucor's stock was trading at $131.81 at the start of the year. Since then, NUE stock has increased by 1.0% and is now trading at $133.08.
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Nucor saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 5,850,000 shares, a decrease of 16.8% from the April 30th total of 7,030,000 shares. Based on an average daily volume of 1,770,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.3% of the shares of the company are short sold.
View Nucor's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our NUE earnings forecast.

Nucor Co. (NYSE:NUE) issued its quarterly earnings results on Thursday, April, 20th. The basic materials company reported $4.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.81 by $0.64. The basic materials company earned $8.71 billion during the quarter, compared to analysts' expectations of $8.87 billion. Nucor had a net margin of 16.73% and a trailing twelve-month return on equity of 34.91%. The business's revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.67 earnings per share.
Read the conference call transcript.

Nucor declared a quarterly dividend on Tuesday, February 21st. Investors of record on Friday, March 31st will be paid a dividend of $0.51 per share on Thursday, May 11th. This represents a $2.04 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for NUE.

ETFs with the largest weight of Nucor (NYSE:NUE) stock in their portfolio include VanEck Steel ETF (SLX), First Trust Materials AlphaDEX Fund (FXZ), iShares U.S. Basic Materials ETF (IYM), SPDR S&P Metals & Mining ETF (XME), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), Materials Select Sector SPDR Fund (XLB), Pacer US Cash Cows Growth ETF (BUL) and iShares Focused Value Factor ETF (FOVL).

Nucor (NYSE:NUE) pays an annual dividend of $2.04 per share and currently has a dividend yield of 1.50%. 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 8.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 17.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NUE.

Nucor declared that its Board of Directors has authorized a share buyback plan on Thursday, May 11th 2023, which authorizes the company to buyback $4,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 11.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Nucor issued an update on its first quarter 2023 earnings guidance on Thursday, March, 16th. The company provided earnings per share guidance of $3.70-$3.80 for the period, compared to the consensus EPS estimate of $3.84. 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.84%), State Street Corp (5.04%), FMR LLC (3.46%), Geode Capital Management LLC (2.16%), Dimensional Fund Advisors LP (1.94%) and Envestnet Asset Management Inc. (0.80%). 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 $133.08.

Nucor (NYSE:NUE) has a market capitalization of $33.43 billion and generates $39.73 billion in revenue each year. The basic materials company earns $7.61 billion in net income (profit) each year or $25.51 on an earnings per share basis.

The company employs 31,400 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.