NYSE:NUE - Nucor Stock Price, Forecast & News

Nucor's stock was trading at $35.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, NUE stock has increased by 1.4% and is now trading at $35.94. View which stocks have been mosted impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Nucor.

Nucor is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for Nucor.

Nucor Co. (NYSE:NUE) issued its quarterly earnings data on Tuesday, January, 28th. The basic materials company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.21. The basic materials company earned $5.13 billion during the quarter, compared to the consensus estimate of $5.01 billion. Nucor had a return on equity of 12.12% and a net margin of 5.63%. The company's revenue was down 18.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.07 EPS. View Nucor's earnings history.

Nucor announced a quarterly dividend on Tuesday, February 18th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.4025 per share on Monday, May 11th. This represents a $1.61 annualized dividend and a yield of 4.48%. The ex-dividend date is Monday, March 30th. View Nucor's dividend history.

Nucor announced that its board has authorized a stock repurchase plan on Thursday, September 6th 2018, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 10% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Nucor issued an update on its first quarter earnings guidance on Thursday, March, 19th. The company provided EPS guidance of $0.95-1.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.84.

11 brokers have issued twelve-month price objectives for Nucor's shares. Their forecasts range from $30.00 to $71.00. On average, they anticipate Nucor's share price to reach $52.45 in the next year. This suggests a possible upside of 46.0% from the stock's current price. View analysts' price targets for Nucor.

Media headlines about NUE stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Nucor earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave headlines about the basic materials company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutNucor.

Nucor saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 5,797,600 shares, a drop of 22.2% from the February 27th total of 7,450,000 shares. Based on an average trading volume of 2,320,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.9% of the shares of the company are short sold. View Nucor's Current Options Chain.

Some companies that are related to Nucor include Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Commercial Metals (CMC), Worthington Industries (WOR), United States Steel (X), Allegheny Technologies (ATI), Cleveland-Cliffs (CLF), Carpenter Technology (CRS), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Nucor investors own include NVIDIA (NVDA), Home Depot (HD), AT&T (T), Cisco Systems (CSCO), Walt Disney (DIS), Micron Technology (MU), Exxon Mobil (XOM), AbbVie (ABBV), Alibaba Group (BABA) and Bank of America (BAC).

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

Nucor's stock is owned by a variety of retail and institutional investors. Top institutional investors include Park National Corp OH (0.01%), First Financial Bank Trust Division (0.01%) and Neville Rodie & Shaw Inc. (0.00%). Company insiders that own Nucor stock include D Chad Utermark, David A Sumoski, John J Ferriola, Ladd R Hall, Leon J Topalian, Raymond S Napolitan Jr and Victoria F Haynes. View institutional ownership trends for Nucor.

NUE stock was sold by a variety of institutional investors in the last quarter, including Park National Corp OH, Neville Rodie & Shaw Inc., and First Financial Bank Trust Division. Company insiders that have sold Nucor company stock in the last year include John J Ferriola, Ladd R Hall, Leon J Topalian, and Raymond S Napolitan Jr. View insider buying and selling activity for Nucor.

Shares of NUE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of NUE stock can currently be purchased for approximately $35.94.

Nucor has a market capitalization of $10.82 billion and generates $22.59 billion in revenue each year. The basic materials company earns $1.27 billion in net income (profit) each year or $4.31 on an earnings per share basis. Nucor employs 26,800 workers across the globe. View additional information about Nucor.

The official website for Nucor is http://www.nucor.com/.

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