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NYSE:NUE

Nucor - NUE Stock Forecast, Price & News

$166.31
-0.87 (-0.52%)
(As of 02/8/2023 12:00 AM ET)
Add
Compare
Today's Range
$164.75
$168.45
50-Day Range
$131.06
$176.68
52-Week Range
$100.13
$187.90
Volume
1.37 million shs
Average Volume
2.01 million shs
Market Capitalization
$42.67 billion
P/E Ratio
5.79
Dividend Yield
1.20%
Price Target
$146.44

Nucor MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
11.8% Downside
$146.44 Price Target
Short Interest
Healthy
2.62% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.58
Upright™ Environmental Score
News Sentiment
-0.05mentions of Nucor in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$2.03 M Sold Last Quarter
Proj. Earnings Growth
-9.86%
From $12.98 to $11.70 Per Share

Overall MarketRank

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

1.91 out of 5 stars

Basic Materials Sector

106th out of 157 stocks

Blast Furnaces & Steel Mills Industry

9th out of 12 stocks

NUE stock logo

About Nucor (NYSE:NUE) Stock

Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment consists of carbon and alloy steel in sheet, bars, structural and plate, steel trading businesses, rebar distribution businesses, and Nucor's equity method investments. The Steel Products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating, tubular products businesses, piling products businesses, and wire and wire mesh. The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC.

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NUE Stock News Headlines

Linde (LIN) to Supply Clean Hydrogen to OCI's Texas Plant
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Are you a Conservative – Aggressive – Prudent – Speculative Investor? Enter in the top stocks in your portfolio and see what type of investor you really are. Plus, find out what your stocks are really worth, how safe they are, and whether you should buy, sell or hold. The results may surprise you! pixel
Nucor Co. (NYSE:NUE) EVP Allen C. Behr Sells 2,613 Shares
Morgan Stanley Increases Nucor (NYSE:NUE) Price Target to $122.00
Nucor (NYSE:NUE) Price Target Raised to $122.00
Warning: Biden’s Big Blackout is Coming
Why we are about to RETURN to traditional energy like oil and gas. How the “greenest” Democrats were BUSTED investing in oil and gas. And how you could profit from their failures.
Top 25 Lowest P/E Ratios of the S&P 500
Nucor Reports Record Annual Earnings for 2022
U.S. Steel Prices Reverse In January
See More Headlines
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NUE Company Calendar

Ex-Dividend for 11/10 Dividend
9/29/2022
Dividend Payable
11/10/2022
Ex-Dividend for 2/10 Dividend
12/29/2022
Last Earnings
1/26/2023
Today
2/08/2023
Dividend Payable
2/10/2023
Next Earnings (Estimated)
4/20/2023
Fiscal Year End
12/31/2023

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
$146.44
High Stock Price Forecast
$190.00
Low Stock Price Forecast
$114.00
Forecasted Upside/Downside
-11.9%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$7.61 billion
Pretax Margin
24.68%

Debt

Sales & Book Value

Annual Sales
$41.51 billion
Cash Flow
$33.06 per share
Book Value
$76.28 per share

Miscellaneous

Free Float
255,364,000
Market Cap
$42.67 billion
Optionable
Optionable
Beta
1.58

Social Links


Key Executives

  • Leon J. TopalianLeon J. Topalian
    Chairman, President & Chief Executive Officer
  • David A. SumoskiDavid A. Sumoski
    Chief Operating Officer
  • Stephen D. Laxton
    Chief Financial Officer, Treasurer & Executive VP
  • A. Rae Eagle
    Secretary & Vice President
  • Michael D. KellerMichael D. Keller
    Vice President & Controller













NUE Stock - Frequently Asked Questions

Should I buy or sell Nucor stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 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 2023?

8 brokers have issued 1-year price targets for Nucor's shares. Their NUE share price forecasts range from $114.00 to $190.00. On average, they expect the company's stock price to reach $146.44 in the next twelve months. This suggests that the stock has a possible downside of 13.0%.
View analysts price targets for NUE
or view top-rated stocks among Wall Street analysts.

How have NUE shares performed in 2023?

Nucor's stock was trading at $131.81 at the beginning of 2023. Since then, NUE stock has increased by 27.7% and is now trading at $168.35.
View the best growth stocks for 2023 here
.

When is Nucor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our NUE earnings forecast
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) announced its earnings results on Thursday, January, 26th. The basic materials company reported $4.89 earnings per share for the quarter, topping analysts' consensus estimates of $4.18 by $0.71. The basic materials company earned $8.72 billion during the quarter, compared to the consensus estimate of $8.54 billion. Nucor had a net margin of 18.33% and a trailing twelve-month return on equity of 42.03%. Nucor's revenue was down 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.97 earnings per share.
Read the conference call transcript
.

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

Nucor announced a quarterly dividend on Wednesday, December 14th. Stockholders of record on Friday, December 30th will be given a dividend of $0.51 per share on Friday, February 10th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, December 29th. This is a positive change from the stock's previous quarterly dividend of $0.50.
Read our dividend analysis for NUE
.

Is Nucor a good dividend stock?

Nucor (NYSE:NUE) pays an annual dividend of $2.04 per share and currently has a dividend yield of 1.20%. The company has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 7.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 17.44% 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 of Directors has authorized a share repurchase plan on Thursday, December 2nd 2021, which allows the company to repurchase $4,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 13% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

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

Nucor issued an update on its fourth quarter 2022 earnings guidance on Thursday, December, 15th. The company provided earnings per share (EPS) guidance of $4.25-$4.35 for the period, compared to the consensus EPS estimate of $4.41. 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 investors include Pacer Advisors Inc. (0.56%), ProShare Advisors LLC (0.49%), Swiss National Bank (0.41%), Nordea Investment Management AB (0.39%), Capital Wealth Planning LLC (0.38%) and Sumitomo Mitsui Trust Holdings Inc. (0.33%). 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.
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 $168.35.

How much money does Nucor make?

Nucor (NYSE:NUE) has a market capitalization of $43.19 billion and generates $41.51 billion in revenue each year. The basic materials company earns $7.61 billion in net income (profit) each year or $28.73 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.
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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, via email at paul.donnelly@nucor.com, or via fax at 704-362-4208.

This page (NYSE:NUE) was last updated on 2/8/2023 by MarketBeat.com Staff