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NYSE:NUE

Nucor - NUE Stock Forecast, Price & News

$141.90
+0.41 (+0.29%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$141.62
$145.90
50-Day Range
$104.41
$141.49
52-Week Range
$88.50
$187.90
Volume
1.51 million shs
Average Volume
3.08 million shs
Market Capitalization
$37.75 billion
P/E Ratio
4.35
Dividend Yield
1.41%
Price Target
$133.50

Nucor MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
5.9% 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
0.07mentions of Nucor in the last 14 days
Based on 18 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.

2.42 out of 5 stars

Basic Materials Sector

63rd out of 172 stocks

Blast Furnaces & Steel Mills Industry

4th out of 13 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.

Nucor Stock Performance

Shares of NYSE:NUE opened at $141.49 on Thursday. The company has a market capitalization of $37.65 billion, a price-to-earnings ratio of 4.34 and a beta of 1.40. Nucor has a 12 month low of $88.50 and a 12 month high of $187.90. The firm's 50-day moving average is $119.11 and its 200 day moving average is $129.40. The company has a current ratio of 2.62, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37.

Nucor (NYSE:NUE - Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The basic materials company reported $9.67 EPS for the quarter, beating the consensus estimate of $8.91 by $0.76. The company had revenue of $11.79 billion for the quarter, compared to the consensus estimate of $11.59 billion. Nucor had a net margin of 21.03% and a return on equity of 57.78%. The firm's revenue was up 34.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.04 EPS. Research analysts predict that Nucor will post 3.45 EPS for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Thursday, June 30th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $2.00 annualized dividend and a yield of 1.41%. Nucor's dividend payout ratio (DPR) is 6.14%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. UBS Group set a $120.00 price target on shares of Nucor in a report on Monday, June 20th. The Goldman Sachs Group reduced their price target on shares of Nucor from $148.00 to $130.00 and set a "neutral" rating on the stock in a report on Tuesday, May 31st. Credit Suisse Group boosted their target price on shares of Nucor from $142.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, April 22nd. BMO Capital Markets reduced their target price on shares of Nucor from $168.00 to $128.00 in a report on Tuesday, May 17th. Finally, StockNews.com upgraded shares of Nucor from a "hold" rating to a "buy" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Nucor has an average rating of "Hold" and an average target price of $133.18.

Insider Buying and Selling at Nucor

In other Nucor news, CEO Leon J. Topalian sold 48,768 shares of the business's stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $112.61, for a total value of $5,491,764.48. Following the completion of the sale, the chief executive officer now directly owns 135,809 shares of the company's stock, valued at approximately $15,293,451.49. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Nucor news, EVP Allen C. Behr sold 3,407 shares of the business's stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $122.17, for a total value of $416,233.19. Following the completion of the sale, the executive vice president now directly owns 64,087 shares of the company's stock, valued at approximately $7,829,508.79. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Leon J. Topalian sold 48,768 shares of the business's 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 completion of the sale, the chief executive officer now directly owns 135,809 shares of the company's stock, valued at $15,293,451.49. The disclosure for this sale can be found here. 0.46% of the stock is owned by corporate insiders.

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NUE Stock News Headlines

Is the Dividend Stock Nucor Corporation Worth Buying?
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
Nucor (NYSE:NUE) PT Lowered to $115.00 at Morgan Stanley
See More Headlines
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NUE Company Calendar

Ex-Dividend for 8/11 Dividend
6/29/2022
Last Earnings
7/21/2022
Today
8/11/2022
Dividend Payable
8/11/2022
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
-5.9%
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
$27.55 per share
Book Value
$67.10 per share

Miscellaneous

Free Float
264,838,000
Market Cap
$37.75 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 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 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 Wall Street research analysts have issued 1 year price objectives for Nucor's shares. Their NUE share price forecasts range from $102.00 to $190.00. On average, they predict the company's share price to reach $133.50 in the next year. This suggests that the stock has a possible downside of 7.8%.
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 on January 1st, 2022. Since then, NUE shares have increased by 26.8% and is now trading at $144.78.
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) released its quarterly earnings data 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 basic materials company earned $11.79 billion during 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 quarterly revenue was up 34.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.04 EPS.
Read the conference call transcript
.

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

Nucor announced 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 1.38%. The ex-dividend date 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 1.44%. 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 repurchase program on Thursday, December 2nd 2021, which allows the company to buyback $4,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 13% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management 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 (EPS) 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 -.

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 number of institutional and retail investors. Top institutional shareholders include Swiss National Bank (0.44%), ProShare Advisors LLC (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.39%), California Public Employees Retirement System (0.20%), Robeco Institutional Asset Management B.V. (0.19%) and Ardevora Asset Management LLP (0.19%). 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 $144.78.

How much money does Nucor make?

Nucor (NYSE:NUE) has a market capitalization of $38.52 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 8/11/2022 by MarketBeat.com Staff

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