NYSE:NUE

Nucor Stock Forecast, Price & News

$104.89
-4.93 (-4.49 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$104.04
$109.07
50-Day Range
$90.04
$126.17
52-Week Range
$44.05
$128.81
Volume7.51 million shs
Average Volume3.30 million shs
Market Capitalization$30.81 billion
P/E Ratio10.42
Dividend Yield1.48%
Beta1.38
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About Nucor

Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment comprises of carbon and alloy steel in sheet, bars; structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments. The Steel Products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating, tubular products businesses, piling products business, and wire and wire mesh. The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC.

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MarketRank

Overall MarketRank

2.60 out of 5 stars

Basic Materials Sector

56th out of 224 stocks

Blast Furnaces & Steel Mills Industry

4th out of 18 stocks

Analyst Opinion: 2.2Community Rank: 4.5Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
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Nucor (NYSE:NUE) Frequently Asked Questions

Is Nucor a buy right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 7 hold ratings and 5 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.
View analyst ratings for Nucor
or view top-rated stocks.

What stocks does MarketBeat like better than Nucor?

Wall Street analysts have given Nucor a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Nucor wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Nucor?

Nucor saw a increase in short interest in August. As of August 13th, there was short interest totaling 5,380,000 shares, an increase of 23.4% from the July 29th total of 4,360,000 shares. Based on an average daily volume of 3,370,000 shares, the short-interest ratio is presently 1.6 days. Currently, 1.8% of the shares of the company are sold short.
View Nucor's Short Interest
.

When is Nucor's next earnings date?

Nucor is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
View our earnings forecast for Nucor
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) issued its quarterly earnings results on Thursday, July, 22nd. The basic materials company reported $5.04 EPS for the quarter, topping the consensus estimate of $4.81 by $0.23. The basic materials company had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $8.24 billion. Nucor had a trailing twelve-month return on equity of 26.26% and a net margin of 11.70%. Nucor's quarterly revenue was up 55.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 earnings per share.
View Nucor's earnings history
.

How has Nucor's stock been impacted by COVID-19 (Coronavirus)?

Nucor's stock was trading at $35.43 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NUE shares have increased by 196.0% and is now trading at $104.89.
View which stocks have been most impacted by COVID-19
.

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

Nucor declared a quarterly dividend on Friday, September 17th. Stockholders of record on Thursday, September 30th will be given a dividend of $0.405 per share on Wednesday, November 10th. This represents a $1.62 annualized dividend and a dividend yield of 1.54%.
View Nucor's dividend history
.

Is Nucor a good dividend stock?

Nucor pays an annual dividend of $1.62 per share and currently has a dividend yield of 1.48%. 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 14.86% next year. This indicates that Nucor will be able to sustain or increase its dividend.
View Nucor's dividend history.

How will Nucor's stock buyback program work?

Nucor announced that its Board of Directors has approved a stock buyback program on Thursday, May 13th 2021, which authorizes the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 9.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

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

Nucor issued an update on its third quarter earnings guidance on Friday, September, 17th. The company provided earnings per share guidance of $7.30-7.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.72.

What price target have analysts set for NUE?

12 brokerages have issued 12 month price objectives for Nucor's shares. Their forecasts range from $48.00 to $142.00. On average, they anticipate Nucor's stock price to reach $98.08 in the next twelve months. This suggests that the stock has a possible downside of 6.5%.
View analysts' price targets for Nucor
or view top-rated stocks among Wall Street analysts.

Who are Nucor's key executives?

Nucor's management team includes the following people:
  • Leon J. Topalian, President, Chief Executive Officer & Director
  • David A. Sumoski, Chief Operating Officer
  • James D. Frias, Chief Financial Officer, Treasurer & Executive VP
  • A. Rae Eagle, Secretary & Vice President
  • Michael D. Keller, Vice President & Controller

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

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.

Who are some of Nucor's key competitors?

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), The Home Depot (HD), JPMorgan Chase & Co. (JPM) and The 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.48%), State Street Corp (5.95%), FMR LLC (2.35%), Geode Capital Management LLC (1.84%), Northern Trust Corp (1.51%) and Dimensional Fund Advisors LP (1.45%). Company insiders that own Nucor stock include Allen C Behr, Craig A Feldman, D Chad Utermark, Daniel R Needham, David A Sumoski, Douglas J Jellison, James D Frias, John J Ferriola, Kenneth Rex Query, Leon J Topalian, Michael D Keller, Raymond S Napolitan Jr and Raymond S Napolitan, Jr.
View institutional ownership trends for Nucor
.

Which institutional investors are selling Nucor stock?

NUE stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, State Street Corp, Capital International Investors, Clearbridge Investments LLC, Prudential PLC, ProShare Advisors LLC, Thrivent Financial for Lutherans, and Putnam Investments LLC. Company insiders that have sold Nucor company stock in the last year include Allen C Behr, Craig A Feldman, D Chad Utermark, Daniel R Needham, 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.

Which institutional investors are buying Nucor stock?

NUE stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Amundi, Susquehanna International Group LLP, Morgan Stanley, Morgan Stanley, Vanguard Group Inc., Citadel Advisors LLC, and Geode Capital Management LLC.
View insider buying and selling activity for Nucor
or or view top insider-buying stocks.

How do I buy shares of Nucor?

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.
Compare Top Brokerages Here.

What is Nucor's stock price today?

One share of NUE stock can currently be purchased for approximately $104.89.

How much money does Nucor make?

Nucor has a market capitalization of $30.81 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.

How many employees does Nucor have?

Nucor employs 26,400 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.

When was Nucor founded?

Nucor was founded in 1958.

What is Nucor's official website?

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

Where are Nucor's headquarters?

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

How can I contact Nucor?

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


This page was last updated on 9/19/2021 by MarketBeat.com Staff
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