Nucor - NUE Stock Forecast, Price & News

7 Wall Street 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 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 brokerages have issued twelve-month target prices for Nucor's shares. Their NUE share price forecasts range from $102.00 to $190.00. On average, they predict the company's share price to reach $131.00 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
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Nucor's stock was trading at $114.15 at the beginning of the year. Since then, NUE shares have increased by 3.9% and is now trading at $118.57.
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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 quarterly earnings data on Thursday, July, 21st. The basic materials company reported $9.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.91 by $0.76. The basic materials company earned $11.79 billion during the quarter, compared to the consensus estimate of $11.59 billion. Nucor had a net margin of 21.03% and a trailing twelve-month return on equity of 57.78%. Nucor's quarterly revenue was up 34.2% compared to the same quarter last year. During the same quarter last year, the company posted $5.04 earnings per share.
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Nucor announced a quarterly dividend on Thursday, September 15th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.50 per share on Thursday, November 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.69%. 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 1.68%. 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 16.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NUE.

Nucor announced that its Board of Directors has initiated a stock repurchase program on Thursday, December 2nd 2021, which authorizes the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 13% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its stock is undervalued.

Nucor updated its third quarter 2022 earnings guidance on Wednesday, October, 5th. The company provided earnings per share 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 institutional and retail investors. Top institutional shareholders include Bowling Portfolio Management LLC (0.01%), Park National Corp OH (0.01%), Symmetry Partners LLC (0.00%), Neville Rodie & Shaw Inc. (0.00%), First Financial Bank Trust Division (0.00%) and UBP Investment Advisors SA (0.00%). 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 $118.57.

Nucor (NYSE:NUE) has a market capitalization of $31.04 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.