Nucor Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last twelve months. There are currently 7 hold ratings and 4 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 saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,360,000 shares, an increase of 12.4% from the December 31st total of 3,880,000 shares. Based on an average trading volume of 1,900,000 shares, the short-interest ratio is currently 2.3 days. Approximately 1.5% of the shares of the company are sold short.
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Nucor is scheduled to release its next quarterly earnings announcement on Tuesday, April 27th 2021.
View our earnings forecast for Nucor.

Nucor Co. (NYSE:NUE) released its quarterly earnings data on Thursday, January, 28th. The basic materials company reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.22 by $0.08. The basic materials company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.45 billion. Nucor had a net margin of 2.15% and a trailing twelve-month return on equity of 7.21%. Nucor's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share.
View Nucor's earnings history.

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 stock has increased by 72.5% and is now trading at $61.13.
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Nucor declared a quarterly dividend on Tuesday, February 23rd. Investors of record on Wednesday, March 31st will be given a dividend of $0.405 per share on Tuesday, May 11th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Tuesday, March 30th.
View Nucor's dividend history.

Nucor pays an annual dividend of $1.62 per share and currently has a dividend yield of 2.57%. 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 EPS estimate of $1.08.

11 analysts have issued 1-year price targets for Nucor's shares. Their forecasts range from $41.00 to $63.00. On average, they expect Nucor's share price to reach $49.90 in the next twelve months. This suggests that the stock has a possible downside of 18.4%.
View analysts' price targets for Nucor or view top-rated stocks among Wall Street analysts.

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), 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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.96%), Bank of New York Mellon Corp (1.88%), Dimensional Fund Advisors LP (1.63%), Clearbridge Investments LLC (1.56%), Northern Trust Corp (1.55%) and Morgan Stanley (0.73%). 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 Toronto Dominion Bank, Clearbridge Investments LLC, Cibc World Markets Corp, Sumitomo Mitsui Trust Holdings Inc., Renaissance Technologies LLC, ProShare Advisors LLC, Northern Trust Corp, and Prudential PLC. 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 acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Korea Investment CORP, BlackRock Inc., Denali Advisors LLC, Baird Financial Group Inc., ExodusPoint Capital Management LP, Tudor Investment Corp Et Al, and Waratah Capital Advisors Ltd..
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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 $61.13.

Nucor has a market capitalization of $18.46 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 following companies are subsidiares of Nucor: Ambassador Steel Corporation, Corporacion POK SA de CV, Gallatin Steel Company, Harris Steel Inc., Harris Steel ULC, Harris U.S. Holdings Inc., Independence Tube Corporation, Joy Global - Steel Plate mill, Magnatrax Corporation, Nu-Iron Unlimited, Nucor Castrip Arkansas LLC, Nucor Energy Holdings Inc., Nucor Steel Auburn Inc., Nucor Steel Birmingham Inc., Nucor Steel Connecticut Inc., Nucor Steel Decatur LLC, Nucor Steel Florida Inc., Nucor Steel Gallatin LLC, Nucor Steel Jackson Inc., Nucor Steel Kankakee Inc., Nucor Steel Kingman LLC, Nucor Steel Louisiana LLC, Nucor Steel Marion Inc., Nucor Steel Memphis Inc., Nucor Steel Seattle Inc., Nucor Steel Sedalia LLC, Nucor Steel Tuscaloosa Inc., Nucor-Yamato Steel Company, Republic Conduit, Republic Conduit Inc., Skyline Steel, Skyline Steel LLC, Southland Tube Inc, Southland Tube Inc., St. Louis Cold Drawn Inc, St. Louis Cold Drawn LLC, The David J. Joseph Company, and Vulcraft-Omega.

Nucor was founded in 1958.

The official website for Nucor is www.nucor.com.

Nucor is headquartered at 1915 REXFORD ROAD, CHARLOTTE NC, 28211.

Nucor's mailing address is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. The basic materials company can be reached via phone at 704-366-7000.