Nucor Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 6 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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Nucor saw a increase in short interest during the month of May. As of May 14th, there was short interest totaling 5,030,000 shares, an increase of 23.0% from the April 29th total of 4,090,000 shares. Based on an average trading volume of 3,600,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.7% of the shares of the stock are short sold.
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Nucor is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for Nucor.

Nucor Co. (NYSE:NUE) posted its quarterly earnings results on Thursday, April, 22nd. The basic materials company reported $3.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by $0.04. The basic materials company had revenue of $7.02 billion for the quarter, compared to the consensus estimate of $7.39 billion. Nucor had a trailing twelve-month return on equity of 14.90% and a net margin of 7.63%. Nucor's revenue was up 24.8% on a year-over-year basis. During the same period last year, the business earned $0.99 earnings per share.
View Nucor's earnings history.

Nucor's stock was trading at $35.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NUE stock has increased by 189.9% and is now trading at $102.71.
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Nucor announced a quarterly dividend on Tuesday, June 8th. Investors of record on Wednesday, June 30th will be given a dividend of $0.405 per share on Wednesday, August 11th. This represents a $1.62 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, June 29th.
View Nucor's dividend history.

Nucor pays an annual dividend of $1.62 per share and currently has a dividend yield of 1.52%. Nucor has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Nucor is 48.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nucor will have a dividend payout ratio of 36.40% next year. This indicates that Nucor will be able to sustain or increase its dividend.
View Nucor's dividend history.

Nucor announced that its board has approved a share repurchase plan on Thursday, May 13th 2021, which allows the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 9.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Nucor issued an update on its second quarter earnings guidance on Thursday, April, 22nd. The company provided earnings per share (EPS) guidance of above $3.10 for the period, compared to the Thomson Reuters consensus estimate of $3.53.

9 brokerages have issued 12-month target prices for Nucor's shares. Their forecasts range from $46.00 to $110.00. On average, they expect Nucor's share price to reach $71.50 in the next twelve months. This suggests that the stock has a possible downside of 30.4%.
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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), Cleveland-Cliffs (CLF), Reliance Steel & Aluminum (RS), United States Steel (X), Commercial Metals (CMC), Worthington Industries (WOR), Allegheny Technologies (ATI), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).
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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), The Home Depot (HD), JPMorgan Chase & Co. (JPM) and The Walt Disney (DIS).

Nucor trades on the New York Stock Exchange (NYSE) under the ticker symbol "NUE."

Nucor's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.25%), Bank of New York Mellon Corp (1.90%), Geode Capital Management LLC (1.74%), Northern Trust Corp (1.54%), Dimensional Fund Advisors LP (1.53%) and Clearbridge Investments LLC (1.47%). Company insiders that own Nucor stock include Allen C Behr, Craig A Feldman, D Chad Utermark, David A Sumoski, Douglas J Jellison, James D Frias, John J Ferriola, Kenneth Rex Query, Ladd R Hall, Leon J Topalian, 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 International Investors, Franklin Resources Inc., D. E. Shaw & Co. Inc., Dimensional Fund Advisors LP, Clearbridge Investments LLC, Royal Bank of Canada, Morgan Stanley, and Geode Capital Management LLC. Company insiders that have sold Nucor company stock in the last year include Allen C Behr, Craig A Feldman, D Chad Utermark, David A Sumoski, Douglas J Jellison, James D Frias, Kenneth Rex Query, Leon J Topalian, Michael D Keller, Raymond S Napolitan Jr, and Raymond S Napolitan, Jr.
View insider buying and selling activity for Nucor or view top insider-selling stocks.

NUE stock was purchased by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Madison Asset Management LLC, BlackRock Inc., Mirae Asset Global Investments Co. Ltd., Canada Pension Plan Investment Board, Goldman Sachs Group Inc., JPMorgan Chase & Co., and Thrivent Financial for Lutherans.
View insider buying and selling activity for Nucor or or view top insider-buying stocks.

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 $102.71.

Nucor has a market capitalization of $30.74 billion and generates $20.14 billion in revenue each year. The basic materials company earns $721.47 million in net income (profit) each year or $3.34 on an earnings per share basis.

Nucor employs 26,400 workers across the globe.

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.

Nucor was founded in 1958.

The official website for Nucor is www.nucor.com.

Nucor is headquartered at 1915 REXFORD ROAD, CHARLOTTE NC, 28211.

Nucor's mailing address is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. The basic materials company can be reached via phone at 704-366-7000.