Nucor Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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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9 Wall Street analysts have issued 12 month price objectives for Nucor's shares. Their NUE stock forecasts range from $102.00 to $190.00. On average, they predict Nucor's share price to reach $132.80 in the next twelve months. This suggests a possible upside of 25.7% from the stock's current price.
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Nucor's stock was trading at $114.15 at the start of the year. Since then, NUE stock has decreased by 7.5% and is now trading at $105.64.
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Nucor is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
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Nucor Co. (NYSE:NUE) released its quarterly earnings data on Thursday, April, 21st. The basic materials company reported $7.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.35 by $0.32. The basic materials company had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.72 billion. Nucor had a net margin of 19.97% and a trailing twelve-month return on equity of 55.61%. The company's revenue was up 49.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.10 earnings per share.
View Nucor's earnings history.

Nucor declared a quarterly dividend on Thursday, June 9th. Stockholders of record on Thursday, June 30th will be given a dividend of $0.50 per share on Thursday, August 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, June 29th.
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Nucor(NYSE:NUE) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.89%. Nucor has been increasing its dividend for 49 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Nucor is 7.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nucor will have a dividend payout ratio of 15.33% next year. This indicates that Nucor will be able to sustain or increase its dividend.
View Nucor's dividend history.

Nucor declared that its Board of Directors has initiated a stock buyback program on Thursday, December 2nd 2021, which permits the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 13% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Nucor updated its second quarter 2022 earnings guidance on Wednesday, June, 29th. The company provided earnings per share guidance of $8.75-$8.85 for the period, compared to the consensus earnings per share estimate of $8.10. The company issued revenue guidance of -.

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), Reliance Steel & Aluminum (RS), Cleveland-Cliffs (CLF), United States Steel (X), Commercial Metals (CMC), Allegheny Technologies (ATI), Worthington Industries (WOR), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN) and Olympic Steel (ZEUS).
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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), Home Depot (HD), JPMorgan Chase & Co. (JPM) and Walt Disney (DIS).

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

Nucor's stock is owned by many different retail and institutional investors. Top institutional investors include Park National Corp OH (0.01%). Company insiders that own Nucor stock include Allen C Behr, Allen C Behr, Craig A Feldman, D Chad Utermark, Daniel R Needham, David A Sumoski, Douglas J Jellison, James D Frias, James D Frias, John J Ferriola, Kenneth Rex Query, Ladd R Hall, Leon J Topalian, Maryemily Slate, 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 Park National Corp OH. Company insiders that have sold Nucor company stock in the last two years 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, Maryemily Slate, Michael D Keller, Raymond S Napolitan Jr, and Raymond S Napolitan, Jr.
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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 $105.64.

Nucor (NYSE:NUE) has a market capitalization of $28.11 billion and generates $36.48 billion in revenue each year. The basic materials company earns $6.83 billion in net income (profit) each year or $27.959990 on an earnings per share basis.

Nucor employs 28,800 workers across the globe.

Nucor was founded in 1958.

Nucor's mailing address is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. The official website for Nucor is www.nucor.com. The basic materials company can be reached via phone at (704) 366-7000 or via fax at 704-362-4208.