Nucor - NUE Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.
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7 analysts have issued 12-month target prices for Nucor's stock. Their NUE share price forecasts range from $102.00 to $190.00. On average, they predict the company's stock price to reach $132.33 in the next year. This suggests that the stock has a possible downside of 10.3%.
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Nucor's stock was trading at $114.15 at the beginning of 2022. Since then, NUE stock has increased by 29.2% and is now trading at $147.53.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
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Nucor Co. (NYSE:NUE) released its quarterly earnings data on Thursday, October, 20th. The basic materials company reported $6.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.45 by $0.05. The basic materials company earned $10.50 billion during the quarter, compared to analysts' expectations of $10.43 billion. Nucor had a net margin of 19.93% and a trailing twelve-month return on equity of 51.03%. The firm's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.28 EPS.
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Nucor announced a quarterly dividend on Thursday, September 15th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.50 per share on Thursday, November 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for NUE.

Nucor (NYSE:NUE) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.34%. 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 6.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 15.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NUE.

Nucor announced that its board has approved a stock buyback 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 reacquire up to 13% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

Nucor updated its third quarter 2022 earnings guidance on Wednesday, October, 19th. The company provided earnings per share (EPS) guidance of $6.30-$6.40 for the period, compared to the consensus EPS estimate of $7.76. The company issued revenue guidance of -.

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.

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).

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 investors include Vanguard Group Inc. (13.06%), BlackRock Inc. (9.07%), State Street Corp (5.36%), Dimensional Fund Advisors LP (1.99%), Bank of New York Mellon Corp (1.14%) and Price T Rowe Associates Inc. MD (0.57%). 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, Gregory J Murphy, James D Frias, James D Frias, John J Hollatz, Kenneth Rex Query, Leon J Topalian, Maryemily Slate, Michael D Keller, Raymond S Napolitan Jr and Raymond S Napolitan, Jr.
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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.
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One share of NUE stock can currently be purchased for approximately $147.53.

Nucor (NYSE:NUE) has a market capitalization of $37.85 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 $31.81 on an earnings per share basis.

The company employs 28,800 workers across the globe.

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, via email at paul.donnelly@nucor.com, or via fax at 704-362-4208.