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S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
The Financial Day of Reckoning Has Begun (Ad)
NYSE:NUE

Nucor - NUE Stock Forecast, Price & News

$140.47
-2.18 (-1.53%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$139.86
$142.00
50-Day Range
$104.41
$142.89
52-Week Range
$88.50
$187.90
Volume
1.06 million shs
Average Volume
3.04 million shs
Market Capitalization
$36.77 billion
P/E Ratio
4.31
Dividend Yield
1.40%
Price Target
$133.50

Nucor MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
5.0% Downside
$133.50 Price Target
Short Interest
Healthy
2.70% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.59
Upright™ Environmental Score
News Sentiment
0.03mentions of Nucor in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$6.62 M Sold Last Quarter
Proj. Earnings Growth
270.72%
From $3.45 to $12.79 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.36 out of 5 stars

Basic Materials Sector

69th out of 171 stocks

Blast Furnaces & Steel Mills Industry

5th out of 15 stocks

NUE stock logo

About Nucor (NYSE:NUE) Stock

Nucor Corporation manufactures and sells steel and steel products. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. It also engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Its Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel racking, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal products, and wire and wire mesh products primarily for use in nonresidential construction applications. This segment also engages in the piling distribution business. The company's Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. It serves agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation industries through its in-house sales force; and internal distribution and trading companies. Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Nucor from $146.00 to $125.00 and set a "neutral" rating for the company in a research report on Tuesday, June 14th. Argus upped their target price on Nucor from $140.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, April 25th. Credit Suisse Group lifted their price target on Nucor from $142.00 to $175.00 and gave the company an "outperform" rating in a research report on Friday, April 22nd. The Goldman Sachs Group decreased their price objective on shares of Nucor from $148.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 31st. Finally, UBS Group set a $120.00 price target on shares of Nucor in a research note on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $133.18.

Nucor Trading Up 0.5 %

Shares of NUE Stock opened at $142.65 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.62 and a quick ratio of 1.39. The business has a 50-day moving average of $120.03 and a 200 day moving average of $130.94. The stock has a market capitalization of $37.34 billion, a PE ratio of 4.38 and a beta of 1.40. Nucor has a 1-year low of $88.50 and a 1-year high of $187.90.

Nucor (NYSE:NUE - Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The basic materials company reported $9.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.91 by $0.76. The business had revenue of $11.79 billion for the quarter, compared to analyst estimates of $11.59 billion. Nucor had a net margin of 21.03% and a return on equity of 57.78%. The company's revenue was up 34.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.04 EPS. As a group, sell-side analysts anticipate that Nucor will post 3.45 earnings per share for the current year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Thursday, June 30th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Wednesday, June 29th. Nucor's dividend payout ratio (DPR) is currently 6.14%.

Insider Buying and Selling at Nucor

In other news, CEO Leon J. Topalian sold 48,768 shares of Nucor stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $112.61, for a total transaction of $5,491,764.48. Following the sale, the chief executive officer now owns 135,809 shares of the company's stock, valued at approximately $15,293,451.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Kenneth Rex Query sold 5,000 shares of the business's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $141.64, for a total transaction of $708,200.00. Following the sale, the executive vice president now owns 76,100 shares in the company, valued at approximately $10,778,804. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Leon J. Topalian sold 48,768 shares of the stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $112.61, for a total transaction of $5,491,764.48. Following the completion of the transaction, the chief executive officer now owns 135,809 shares of the company's stock, valued at $15,293,451.49. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,175 shares of company stock valued at $6,616,198. 0.46% of the stock is currently owned by company insiders.

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NUE Stock News Headlines

Is the Dividend Stock Nucor Corporation Worth Buying?
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Nucor (NYSE:NUE) Downgraded to Hold at StockNews.com
Nucor (NYSE:NUE) Rating Lowered to Hold at StockNews.com
What Are Whales Doing With Nucor - Benzinga
Nucor Co. (NYSE:NUE) EVP Sells $708,200.00 in Stock
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next
If you think our current cycle of conflict and chaos started when Russia invaded Ukraine, think again. This cycle actually began over 13 years ago with the most dangerous money-printing escapade of modern times … leading to one of the most sudden surges of inflation in 100 years. This is why Sean Brodrick and Martin Weiss have just held a series of emergency meetings exposing what investors can expect as this crisis unfolds.
Nucor (NYSE:NUE) Upgraded to "Buy" at StockNews.com
Nucor to Add Melt Shop at its Arizona Bar Mill
Brokerages Set Nucor Co. (NYSE:NUE) Target Price at $133.18
Here's Why Nucor (NUE) is a Strong Growth Stock
See More Headlines
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NUE Company Calendar

Ex-Dividend for 8/11 Dividend
6/29/2022
Last Earnings
7/21/2022
Dividend Payable
8/11/2022
Today
8/17/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
67034610
Employees
28,800
Year Founded
1958

Price Target and Rating

Average Stock Price Forecast
$133.50
High Stock Price Forecast
$190.00
Low Stock Price Forecast
$102.00
Forecasted Upside/Downside
-5.0%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$6.83 billion
Pretax Margin
28.55%

Debt

Sales & Book Value

Annual Sales
$36.48 billion
Cash Flow
$26.65 per share
Book Value
$68.20 per share

Miscellaneous

Free Float
260,581,000
Market Cap
$36.77 billion
Optionable
Optionable
Beta
1.40

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NUE Stock - Frequently Asked Questions

Should I buy or sell Nucor stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last twelve months. 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" NUE shares. 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.
View NUE analyst ratings
or view top-rated stocks.

What is Nucor's stock price forecast for 2022?

9 brokerages have issued 12 month price targets for Nucor's shares. Their NUE share price forecasts range from $102.00 to $190.00. On average, they anticipate the company's stock price to reach $133.50 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
View analysts price targets for NUE
or view top-rated stocks among Wall Street analysts.

How have NUE shares performed in 2022?

Nucor's stock was trading at $114.15 at the beginning of the year. Since then, NUE stock has increased by 23.1% and is now trading at $140.47.
View the best growth stocks for 2022 here
.

When is Nucor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our NUE earnings forecast
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) announced its earnings results on Thursday, July, 21st. The basic materials company reported $9.67 earnings per share for the quarter, beating analysts' consensus estimates of $8.91 by $0.76. The basic materials company had revenue of $11.79 billion for the quarter, compared to the consensus estimate of $11.59 billion. Nucor had a trailing twelve-month return on equity of 57.78% and a net margin of 21.03%. Nucor's revenue was up 34.2% on a year-over-year basis. During the same period last year, the firm earned $5.04 earnings per share.
Read the conference call transcript
.

How often does Nucor pay dividends? What is the dividend yield for Nucor?

Nucor declared a quarterly dividend on Thursday, June 9th. Shareholders 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 yield of 1.42%. The ex-dividend date of this dividend is Wednesday, June 29th.
Read our dividend analysis for NUE
.

Is Nucor a good dividend stock?

Nucor (NYSE:NUE) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.40%. The company 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 is 6.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 15.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NUE.

How will Nucor's stock buyback program work?

Nucor announced that its board has approved a share buyback plan on Thursday, December 2nd 2021, which permits the company to repurchase $4,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 13% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

What guidance has Nucor issued on next quarter's earnings?

Nucor issued an update on its second quarter 2022 earnings guidance on Wednesday, July, 20th. The company provided earnings per share guidance of $8.75-$8.85 for the period, compared to the consensus EPS estimate of $8.10. The company issued revenue guidance of -.

What is John J. Ferriola's approval rating as Nucor's CEO?

103 employees have rated Nucor Chief Executive Officer John J. Ferriola on Glassdoor.com. John J. Ferriola has an approval rating of 91% among the company's employees. This puts John J. Ferriola in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Nucor own?

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).

What is Nucor's stock symbol?

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

Who are Nucor's major shareholders?

Nucor's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (5.30%), FMR LLC (2.98%), Northern Trust Corp (1.69%), Wells Fargo & Company MN (0.65%), Price T Rowe Associates Inc. MD (0.50%) and UBS Asset Management Americas Inc. (0.47%). Insiders that own company 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, Leon J Topalian, Maryemily Slate, Michael D Keller, Raymond S Napolitan Jr and Raymond S Napolitan, Jr.
View institutional ownership trends
.

How do I buy shares of Nucor?

Shares of NUE stock 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.
Compare Top Brokerages Here.

What is Nucor's stock price today?

One share of NUE stock can currently be purchased for approximately $140.47.

How much money does Nucor make?

Nucor (NYSE:NUE) has a market capitalization of $36.77 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 $32.59 on an earnings per share basis.

How many employees does Nucor have?

The company employs 28,800 workers across the globe.

Does Nucor have any subsidiaries?
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.
Read More
When was Nucor founded?

Nucor was founded in 1958.

How can I contact Nucor?

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

This page (NYSE:NUE) was last updated on 8/18/2022 by MarketBeat.com Staff

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