NYSE:NUENucor Stock Price, Forecast & 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 stock has increased by 16.9% and is now trading at $41.40. View which stocks have been most 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, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Nucor.

Nucor is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Nucor.

Nucor Co. (NYSE:NUE) posted its quarterly earnings data on Tuesday, April, 28th. The basic materials company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. The basic materials company had revenue of $5.62 billion for the quarter, compared to analysts' expectations of $5.40 billion. Nucor had a return on equity of 10.52% and a net margin of 3.57%. Nucor's revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the business posted $1.55 earnings per share. View Nucor's earnings history.

Nucor announced a quarterly dividend on Thursday, June 4th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.4025 per share on Tuesday, August 11th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Monday, June 29th. View Nucor's dividend history.

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

Nucor updated its second quarter 2020 Pre-Market earnings guidance on Thursday, June, 18th. The company provided EPS guidance of 0.10-0.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03.

11 analysts have issued twelve-month target prices for Nucor's stock. Their forecasts range from $37.00 to $71.00. On average, they expect Nucor's stock price to reach $51.00 in the next year. This suggests a possible upside of 23.2% from the stock's current price. View analysts' price targets for Nucor.

News headlines about NUE stock have trended somewhat negative on Friday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Nucor earned a news impact score of -1.3 on InfoTrie's scale. They also assigned media stories about the basic materials company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Nucor.

Nucor saw a drop in short interest in the month of June. As of June 15th, there was short interest totaling 4,010,000 shares, a drop of 23.5% from the May 31st total of 5,240,000 shares. Based on an average daily trading volume, of 3,000,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.3% of the shares of the company are sold short. View Nucor's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Nucor investors own include NVIDIA (NVDA), AT&T (T), Home Depot (HD), AbbVie (ABBV), Cisco Systems (CSCO), Exxon Mobil (XOM), Walt Disney (DIS), Johnson & Johnson (JNJ), Alibaba Group (BABA) and JPMorgan Chase & Co. (JPM).

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

Nucor's stock is owned by many different institutional and retail investors. Top institutional investors include Park National Corp OH (0.01%) and First Financial Bank Trust Division (0.01%). 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, 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, and First Financial Bank Trust Division. Company insiders that have sold Nucor company stock in the last year include Allen C Behr, 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 $41.40.

Nucor has a market capitalization of $12.47 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.