Nucor Stock Forecast, Price & News

Nucor's stock was trading at $35.43 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NUE shares have increased by 53.7% and is now trading at $54.47.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last twelve months. 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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6,978 employees have rated Nucor CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Nucor's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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) released its quarterly earnings results on Thursday, October, 22nd. The basic materials company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.10. The basic materials company earned $4.93 billion during the quarter, compared to analyst estimates of $4.59 billion. Nucor had a net margin of 2.15% and a return on equity of 7.21%. Nucor's quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.90 earnings per share.
View Nucor's earnings history.

Nucor declared a quarterly dividend on Thursday, December 3rd. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.405 per share on Thursday, February 11th. This represents a $1.62 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Wednesday, December 30th. This is a boost 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 2.91%. 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 issued an update on 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 EPS estimate of $1.08.

11 analysts have issued 1 year price targets for Nucor's stock. Their forecasts range from $41.00 to $60.00. On average, they anticipate Nucor's share price to reach $49.00 in the next twelve months. This suggests that the stock has a possible downside of 10.0%.
View analysts' price targets for Nucor or view Wall Street analyst' top-rated stocks.

Nucor saw a increase in short interest during 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 trading volume of 1,820,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.1% of the shares of the company 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 many different institutional and retail investors. Top institutional investors include Manning & Napier Group LLC (0.06%), Denali Advisors LLC (0.05%), Wedge Capital Management L L P NC (0.04%), State of Alaska Department of Revenue (0.04%), Busey Wealth Management (0.03%) and Farmers & Merchants Investments Inc. (0.03%). 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 Pacer Advisors Inc., Wedge Capital Management L L P NC, Crossmark Global Holdings Inc., State of Alaska Department of Revenue, Hudson Capital Management LLC, First Citizens Bank & Trust Co., 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, D Chad Utermark, David A Sumoski, and Leon J Topalian.
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NUE stock was acquired by a variety of institutional investors in the last quarter, including Denali Advisors LLC, Kinloch Capital LLC, Silverleafe Capital Partners LLC, DNB Asset Management AS, Kestra Advisory Services LLC, Farmers & Merchants Investments Inc., Cypress Capital Group, and Patriot Financial Group Insurance Agency LLC.
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 $54.47.

Nucor has a market capitalization of $16.45 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.