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 (WHO). Since then, NUE stock has increased by 14.2% and is now trading at $40.45. 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 23rd 2020. View our earnings forecast for Nucor.

Nucor will be holding an earnings conference call on Thursday, July 23rd 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) posted its quarterly earnings data on Tuesday, April, 28th. The basic materials company reported $0.99 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.95 by $0.04. The basic materials company earned $5.62 billion during 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%. The company's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the business earned $1.55 earnings per share. View Nucor's earnings history.

Nucor declared 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 annualized dividend and a yield of 3.98%. The ex-dividend date is Monday, June 29th. View Nucor's dividend history.

Nucor announced that its Board of Directors has initiated a share repurchase program 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 purchase up to 10% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its shares are undervalued.

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

11 brokers have issued twelve-month target prices for Nucor's shares. 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 26.1% from the stock's current price. View analysts' price targets for Nucor.

News coverage about NUE stock has trended very negative on Sunday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Nucor earned a news sentiment score of -3.8 on InfoTrie's scale. They also gave press coverage about the basic materials company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Nucor.

Nucor saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 3,640,000 shares, a drop of 9.2% from the June 15th total of 4,010,000 shares. Based on an average trading volume of 2,740,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.2% of the shares of the stock 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), Cleveland-Cliffs (CLF), Worthington Industries (WOR), United States Steel (X), Allegheny Technologies (ATI), 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 retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.08%), State of Alaska Department of Revenue (0.06%), Manning & Napier Group LLC (0.05%), Wedge Capital Management L L P NC (0.05%), Strid Group LLC (0.03%) and Farmers Trust Co. (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, 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 Envestnet Asset Management Inc., Strid Group LLC, Park National Corp OH, Manning & Napier Group LLC, DNB Asset Management AS, Truehand Inc, Peoples Financial Services CORP., 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.

NUE stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Unison Advisors LLC, Cypress Capital Group, Municipal Employees Retirement System of Michigan, Arden Trust Co, Carroll Financial Associates Inc., and Wedge Capital Management L L P NC. 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 $40.45.

Nucor has a market capitalization of $12.18 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.