Nucor - NUE Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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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7 analysts have issued 12 month price objectives for Nucor's shares. Their NUE share price forecasts range from $102.00 to $190.00. On average, they predict the company's stock price to reach $132.78 in the next year. This suggests a possible upside of 25.4% from the stock's current price.
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Nucor's stock was trading at $114.15 on January 1st, 2022. Since then, NUE shares have decreased by 7.3% and is now trading at $105.87.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
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Nucor Co. (NYSE:NUE) announced its earnings results on Thursday, July, 21st. The basic materials company reported $9.67 EPS for the quarter, beating analysts' consensus estimates of $8.91 by $0.76. The basic materials company had revenue of $11.79 billion for the quarter, compared to analyst estimates of $11.59 billion. Nucor had a trailing twelve-month return on equity of 57.78% and a net margin of 21.03%. The business's revenue for the quarter was up 34.2% compared to the same quarter last year. During the same period last year, the firm earned $5.04 earnings per share.
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Nucor declared a quarterly dividend on Thursday, September 15th. Shareholders of record on Friday, September 30th will be given a dividend of $0.50 per share on Thursday, November 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, September 29th.
Read our dividend analysis for NUE.

Nucor (NYSE:NUE) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.89%. The company 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 is 6.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 16.61% 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 has initiated a share repurchase plan on Thursday, December 2nd 2021, which permits the company to buyback $4,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 13% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Nucor issued an update on its third quarter 2022 earnings guidance on Wednesday, September, 21st. The company provided earnings per share (EPS) guidance of $6.30-$6.40 for the period, compared to the consensus estimate of $7.76. 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 shareholders include State Street Corp (5.30%), FMR LLC (2.98%), Northern Trust Corp (1.69%), Legal & General Group Plc (0.76%), Wells Fargo & Company MN (0.65%) and Price T Rowe Associates Inc. MD (0.50%). 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, James D Frias, James D Frias, John J Ferriola, 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 $105.87.

Nucor (NYSE:NUE) has a market capitalization of $27.72 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 $32.59 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.