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NYSE:NUE

Nucor - NUE Stock Forecast, Price & News

$138.29
-4.25 (-2.98%)
(As of 08/19/2022 03:59 PM ET)
Add
Compare
Today's Range
$136.56
$141.14
50-Day Range
$104.41
$142.89
52-Week Range
$88.50
$187.90
Volume
55,953 shs
Average Volume
1.95 million shs
Market Capitalization
$36.20 billion
P/E Ratio
4.24
Dividend Yield
1.42%
Price Target
$133.50

Nucor MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
3.9% Downside
$133.50 Price Target
Short Interest
Healthy
2.70% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.59
Upright™ Environmental Score
News Sentiment
0.03mentions of Nucor in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$6.62 M Sold Last Quarter
Proj. Earnings Growth
270.72%
From $3.45 to $12.79 Per Share

Overall MarketRank

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

2.31 out of 5 stars

Basic Materials Sector

83rd out of 167 stocks

Blast Furnaces & Steel Mills Industry

7th out of 12 stocks

NUE stock logo

About Nucor (NYSE:NUE) Stock

Nucor Corporation manufactures and sells 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 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, as well as engages in the natural gas drilling operations. 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. Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina.

Nucor Stock Up 1.5 %

Shares of Nucor stock opened at $142.54 on Friday. The company has a fifty day moving average price of $120.62 and a 200 day moving average price of $131.29. The company has a current ratio of 2.62, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. Nucor has a twelve month low of $88.50 and a twelve month high of $187.90. The stock has a market cap of $37.31 billion, a price-to-earnings ratio of 4.37 and a beta of 1.40.

Nucor (NYSE:NUE - Get Rating) last posted its earnings results on Thursday, July 21st. The basic materials company reported $9.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.91 by $0.76. The business had revenue of $11.79 billion during the quarter, compared to analyst estimates of $11.59 billion. Nucor had a return on equity of 57.78% and a net margin of 21.03%. The company's revenue for the quarter was up 34.2% compared to the same quarter last year. During the same quarter last year, the firm earned $5.04 earnings per share. Equities research analysts forecast that Nucor will post 3.45 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Thursday, June 30th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.40%. Nucor's dividend payout ratio (DPR) is presently 6.14%.

Wall Street Analyst Weigh In

NUE has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Nucor from $148.00 to $130.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 31st. UBS Group set a $120.00 price objective on Nucor in a report on Monday, June 20th. BMO Capital Markets dropped their target price on Nucor from $168.00 to $128.00 in a research note on Tuesday, May 17th. Argus raised their price target on Nucor from $140.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, April 25th. Finally, Morgan Stanley dropped their price objective on shares of Nucor from $121.00 to $115.00 and set an "equal weight" rating for the company in a research note on Monday, July 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Nucor has an average rating of "Hold" and an average price target of $133.18.

Insider Activity at Nucor

In other Nucor news, CEO Leon J. Topalian sold 48,768 shares of the company's stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $112.61, for a total value of $5,491,764.48. Following the completion of the transaction, the chief executive officer now directly owns 135,809 shares of the company's stock, valued at approximately $15,293,451.49. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Leon J. Topalian sold 48,768 shares of the business's stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $112.61, for a total value of $5,491,764.48. Following the transaction, the chief executive officer now owns 135,809 shares in the company, valued at $15,293,451.49. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kenneth Rex Query sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $141.64, for a total value of $708,200.00. Following the sale, the executive vice president now owns 76,100 shares of the company's stock, valued at approximately $10,778,804. The disclosure for this sale can be found here. In the last three months, insiders sold 57,175 shares of company stock valued at $6,616,198. Corporate insiders own 0.46% of the company's stock.

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NUE Stock News Headlines

Is the Dividend Stock Nucor Corporation Worth Buying?
NUE April 2023 Options Begin Trading - Nasdaq
The Coming Copper Bull Run
Copper prices have nearly doubled since last year -- driven by the explosive growth in electric vehicles and soaring demand for green-powered electricity. But copper demand far outpaces supply. Multinational investment banks are predicting a 50% to 100% rise in copper prices by 2025. And this "backdoor" play may be a move to consider.
Nucor (NYSE:NUE) Downgraded to Hold at StockNews.com
Nucor (NYSE:NUE) Rating Lowered to Hold at StockNews.com
What Are Whales Doing With Nucor - Benzinga
The Coming Copper Bull Run
Copper prices have nearly doubled since last year -- driven by the explosive growth in electric vehicles and soaring demand for green-powered electricity. But copper demand far outpaces supply. Multinational investment banks are predicting a 50% to 100% rise in copper prices by 2025. And this "backdoor" play may be a move to consider.
Nucor Co. (NYSE:NUE) EVP Sells $708,200.00 in Stock
Nucor (NYSE:NUE) Upgraded to "Buy" at StockNews.com
Nucor to Add Melt Shop at its Arizona Bar Mill
See More Headlines
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NUE Company Calendar

Ex-Dividend for 8/11 Dividend
6/29/2022
Last Earnings
7/21/2022
Dividend Payable
8/11/2022
Today
8/19/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
67034610
Employees
28,800
Year Founded
1958

Price Target and Rating

Average Stock Price Forecast
$133.50
High Stock Price Forecast
$190.00
Low Stock Price Forecast
$102.00
Forecasted Upside/Downside
-3.5%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$6.83 billion
Pretax Margin
28.55%

Debt

Sales & Book Value

Annual Sales
$36.48 billion
Cash Flow
$26.49 per share
Book Value
$68.20 per share

Miscellaneous

Free Float
260,581,000
Market Cap
$36.20 billion
Optionable
Optionable
Beta
1.40

Social Links


Key Executives

  • Mr. Leon J. TopalianMr. Leon J. Topalian (Age 54)
    Pres, CEO & Director
    Comp: $5.93M
  • Mr. David A. SumoskiMr. David A. Sumoski (Age 55)
    Chief Operating Officer
    Comp: $2.96M
  • Mr. Douglas J. JellisonMr. Douglas J. Jellison (Age 64)
    Exec. VP of Raw Materials
    Comp: $4.99M
  • Mr. D. Chad UtermarkMr. D. Chad Utermark (Age 53)
    Exec. VP of New Markets & Innovation
    Comp: $1.72M
  • Mr. Stephen D. Laxton (Age 51)
    CFO, Treasurer & Exec. VP
  • Mr. Gregory J. Murphy (Age 57)
    Exec. VP of Bus. Services & Gen. Counsel
  • Mr. Benjamin M. Pickett
    Gen. Mang. of Public Affairs & Gov. Relations
  • Donovan E. Marks
    VP of HR & Safety
  • Mr. K. Rex Query (Age 56)
    Exec. VP of Sheet & Tubular Products
  • Paul Donnelly
    Director of Investor Relations













NUE Stock - Frequently Asked Questions

Should I buy or sell Nucor stock right now?

9 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 3 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.
View NUE analyst ratings
or view top-rated stocks.

What is Nucor's stock price forecast for 2022?

9 brokerages have issued 1 year 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 stock price to reach $133.50 in the next year. This suggests that the stock has a possible downside of 6.3%.
View analysts price targets for NUE
or view top-rated stocks among Wall Street analysts.

How have NUE shares performed in 2022?

Nucor's stock was trading at $114.15 at the beginning of the year. Since then, NUE stock has increased by 24.9% and is now trading at $142.54.
View the best growth stocks for 2022 here
.

When is Nucor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our NUE earnings forecast
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) issued its earnings results on Thursday, July, 21st. The basic materials company reported $9.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.91 by $0.76. The basic materials company had revenue of $11.79 billion for 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%. The business's quarterly revenue was up 34.2% on a year-over-year basis. During the same quarter last year, the business posted $5.04 EPS.
Read the conference call transcript
.

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

Nucor announced a quarterly dividend on Thursday, June 9th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.50 per share on Thursday, August 11th. This represents a $2.00 annualized dividend and a yield of 1.40%. The ex-dividend date is Wednesday, June 29th.
Read our dividend analysis for NUE
.

Is Nucor a good dividend stock?

Nucor (NYSE:NUE) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.42%. 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 15.64% 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 has approved a share buyback plan on Thursday, December 2nd 2021, which allows the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 13% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

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

Nucor updated its second quarter 2022 earnings guidance on Wednesday, July, 20th. The company provided earnings per share guidance of $8.75-$8.85 for the period, compared to the consensus EPS estimate of $8.10. 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 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%), Wells Fargo & Company MN (0.65%), Price T Rowe Associates Inc. MD (0.50%) and UBS Asset Management Americas Inc. (0.47%). 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.
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 $142.54.

How much money does Nucor make?

Nucor (NYSE:NUE) has a market capitalization of $37.32 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.

How many employees does Nucor have?

The company employs 28,800 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
When was Nucor founded?

Nucor was founded in 1958.

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 or via fax at 704-362-4208.

This page (NYSE:NUE) was last updated on 8/19/2022 by MarketBeat.com Staff

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