Nucor Stock Forecast, Price & News

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

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.
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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.

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.

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 -.

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.

Some companies that are related to Nucor include Steel Dynamics (STLD), Reliance Steel & Aluminum (RS), Cleveland-Cliffs (CLF), United States Steel (X), Commercial Metals (CMC), Allegheny Technologies (ATI), Worthington Industries (WOR), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN) and Olympic Steel (ZEUS).
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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), 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 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.

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

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.

Nucor employs 28,800 workers across the globe.

Nucor was founded in 1958.

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.