Nucor Stock Forecast, Price & News

Nucor's stock was trading at $35.43 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NUE shares have increased by 56.6% and is now trading at $55.47.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 8 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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Wall Street analysts have given Nucor a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Nucor wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Nucor is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Nucor.

Nucor will be holding an earnings conference call on Thursday, January 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Nucor Co. (NYSE:NUE) issued its quarterly earnings data on Thursday, October, 22nd. The basic materials company reported $0.63 EPS for the quarter, beating the Zacks' consensus estimate of $0.53 by $0.10. The basic materials company earned $4.93 billion during the quarter, compared to the consensus estimate of $4.59 billion. Nucor had a net margin of 2.15% and a return on equity of 7.21%. The company's revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share.
View Nucor's earnings history.

Nucor announced a quarterly dividend on Thursday, December 3rd. Shareholders of record on Thursday, December 31st will be given a dividend of $0.405 per share on Thursday, February 11th. This represents a $1.62 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, December 30th. This is a positive change from Nucor's previous quarterly dividend of $0.40.
View Nucor's dividend history.

Nucor pays an annual dividend of $1.62 per share and currently has a dividend yield of 2.86%. 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 37.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nucor will have a dividend payout ratio of 46.29% next year. This indicates that Nucor will be able to sustain or increase its dividend.
View Nucor's dividend history.

Nucor updated its fourth quarter earnings guidance on Thursday, December, 17th. The company provided earnings per share (EPS) guidance of $1.15-1.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.08.

11 Wall Street analysts have issued twelve-month price objectives for Nucor's shares. Their forecasts range from $41.00 to $60.00. On average, they expect Nucor's stock price to reach $49.00 in the next twelve months. This suggests that the stock has a possible downside of 11.7%.
View analysts' price targets for Nucor or view Wall Street analyst' top-rated stocks.

Nucor saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 3,360,000 shares, an increase of 15.9% from the December 15th total of 2,900,000 shares. Based on an average daily trading volume, of 1,820,000 shares, the short-interest ratio is presently 1.8 days. Approximately 1.1% of the shares of the stock are sold short.
View Nucor's Short Interest.

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

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 investors include Wedge Capital Management L L P NC (0.04%), State of Alaska Department of Revenue (0.04%), Insight Folios Inc (0.03%), Huntington National Bank (0.02%), HGK Asset Management Inc. (0.02%) and Butensky & Cohen Financial Security Inc. (0.02%). Company insiders that own Nucor stock include Allen C Behr, D Chad Utermark, David A Sumoski, John J Ferriola, Ladd R Hall, Leon J Topalian 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 Wedge Capital Management L L P NC, Crossmark Global Holdings Inc., State of Alaska Department of Revenue, First Citizens Bank & Trust Co., Park National Corp OH, First Financial Bank Trust Division, NBT Bank N A NY, and Bowling Portfolio Management LLC. Company insiders that have sold Nucor company stock in the last year include Allen C Behr, D Chad Utermark, David A Sumoski, and Leon J Topalian.
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 Silverleafe Capital Partners LLC, Cypress Capital Group, Patriot Financial Group Insurance Agency LLC, Diversified Trust Co, Butensky & Cohen Financial Security Inc., Insight Folios Inc, IFM Investors Pty Ltd, and Louisiana State Employees Retirement System.
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.

One share of NUE stock can currently be purchased for approximately $55.47.

Nucor has a market capitalization of $16.75 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.

The official website for Nucor is 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.