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S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
NYSE:NUE

Nucor (NUE) Stock Forecast, Price & News

$140.92
-0.37 (-0.26%)
(As of 06/5/2023 ET)
Compare
Today's Range
$138.33
$143.63
50-Day Range
$132.06
$155.73
52-Week Range
$100.13
$182.68
Volume
1.95 million shs
Average Volume
1.80 million shs
Market Capitalization
$35.40 billion
P/E Ratio
5.52
Dividend Yield
1.45%
Price Target
$148.88

Nucor MarketRank™ Forecast

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
5.6% Upside
$148.88 Price Target
Short Interest
Healthy
2.34% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.97mentions of Nucor in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-30.29%
From $17.00 to $11.85 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.93 out of 5 stars

Basic Materials Sector

117th out of 166 stocks

Steel Industry

1st out of 1 stocks


NUE stock logo

About Nucor (NYSE:NUE) Stock

Nucor Corporation engages in manufacture and sale of 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 engineered 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. 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. The company was founded in 1905 and is headquartered in Charlotte, North Carolina.

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NUE Stock News Headlines

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Analysts Set Nucor Co. (NYSE:NUE) Price Target at $148.88
Nucor (NYSE:NUE) Stock Price Down 3.1%
Nucor To Stop Production At Nucor Steel Longview
Nucor Announces Plate Mill Group Reorganization
Analyst Expectations for Nucor's Future
KeyCorp Weighs in on Nucor Co.'s Q2 2023 Earnings (NYSE:NUE)
Nucor To Repurchase Up To $4.00 Bln Of Common Stock
See More Headlines

NUE Price History

NUE Company Calendar

Ex-Dividend for 5/11 Dividend
3/30/2023
Last Earnings
4/20/2023
Dividend Payable
5/11/2023
Today
6/05/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Steel
Sub-Industry
Steel
CUSIP
67034610
Employees
31,400
Year Founded
1958

Price Target and Rating

Average Stock Price Forecast
$148.88
High Stock Price Forecast
$172.00
Low Stock Price Forecast
$122.00
Forecasted Upside/Downside
+5.6%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Net Income
$7.61 billion
Pretax Margin
22.51%

Debt

Sales & Book Value

Annual Sales
$41.51 billion
Cash Flow
$33.71 per share
Book Value
$76.28 per share

Miscellaneous

Free Float
250,067,000
Market Cap
$35.40 billion
Optionable
Optionable
Beta
1.56

Social Links


Key Executives

  • Mr. Leon J. TopalianMr. Leon J. Topalian (Age 55)
    Pres, CEO & Chairman
    Comp: $9.44M
  • Mr. Stephen D. Laxton (Age 52)
    CFO, Treasurer & Exec. VP
    Comp: $2.29M
  • Mr. K. Rex Query (Age 57)
    Exec. VP of Sheet, Tubular Products & Talent Resources
    Comp: $3.13M
  • Mr. D. Chad UtermarkMr. D. Chad Utermark (Age 54)
    Exec. VP of New Markets & Innovation
    Comp: $2.56M
  • Mr. Patrick J. Dempsey (Age 59)
    Independent Director & GM of Commercial Sheet Products
    Comp: $132.5k
  • Mr. Daniel R. NeedhamMr. Daniel R. Needham (Age 57)
    Exec. VP of Commercial
    Comp: $2.78M
  • Mr. David A. SumoskiMr. David A. Sumoski (Age 56)
    Chief Operating Officer
  • Mr. Jack Sullivan
    Gen. Mang. of Investor Relations
  • Mr. Gregory J. Murphy (Age 59)
    Exec. VP of Bus. Services & Gen. Counsel
  • Mr. Benjamin M. Pickett
    Gen. Mang. of Public Affairs & Gov. Relations













NUE Stock - Frequently Asked Questions

Should I buy or sell Nucor stock right now?

8 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, 5 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.
View NUE analyst ratings
or view top-rated stocks.

What is Nucor's stock price forecast for 2023?

8 Wall Street research analysts have issued 12-month price objectives for Nucor's shares. Their NUE share price forecasts range from $122.00 to $172.00. On average, they anticipate the company's stock price to reach $148.88 in the next year. This suggests a possible upside of 5.6% from the stock's current price.
View analysts price targets for NUE
or view top-rated stocks among Wall Street analysts.

How have NUE shares performed in 2023?

Nucor's stock was trading at $131.81 at the beginning of 2023. Since then, NUE shares have increased by 6.9% and is now trading at $140.92.
View the best growth stocks for 2023 here
.

Are investors shorting Nucor?

Nucor saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,850,000 shares, a decline of 16.8% from the April 30th total of 7,030,000 shares. Based on an average trading volume of 1,770,000 shares, the short-interest ratio is currently 3.3 days. Approximately 2.3% of the company's stock are short sold.
View Nucor's Short Interest
.

When is Nucor's next earnings date?

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

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) posted its quarterly earnings data on Thursday, April, 20th. The basic materials company reported $4.45 earnings per share 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 analyst estimates of $8.87 billion. Nucor had a trailing twelve-month return on equity of 34.91% and a net margin of 16.73%. Nucor's revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.67 earnings per share.
Read the conference call transcript
.

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

Nucor announced a quarterly dividend on Tuesday, February 21st. Shareholders of record on Friday, March 31st will be given a dividend of $0.51 per share on Thursday, May 11th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for NUE
.

Is Nucor a good dividend stock?

Nucor (NYSE:NUE) pays an annual dividend of $2.04 per share and currently has a dividend yield of 1.44%. 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.

How will Nucor's stock buyback program work?

Nucor announced that its Board of Directors has approved a share repurchase program on Thursday, May 11th 2023, which allows the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 11.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

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

Nucor updated its first quarter 2023 earnings guidance on Thursday, March, 16th. The company provided earnings per share (EPS) guidance of $3.70-$3.80 for the period, compared to the consensus earnings per share estimate of $3.84. The company issued revenue guidance of -.

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

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.

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 investors 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.
View institutional ownership trends
.

How do I buy shares of Nucor?

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.
Compare Top Brokerages Here.

What is Nucor's stock price today?

One share of NUE stock can currently be purchased for approximately $140.92.

How much money does Nucor make?

Nucor (NYSE:NUE) has a market capitalization of $35.40 billion and generates $41.51 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.

How many employees does Nucor have?

The company employs 31,400 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
How can I contact Nucor?

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.

This page (NYSE:NUE) was last updated on 6/6/2023 by MarketBeat.com Staff

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