NYSE:NUENucor Stock Price, Forecast & News

Nucor's stock was trading at $35.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, NUE stock has increased by 20.6% and is now trading at $42.74.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Nucor is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
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Nucor Co. (NYSE:NUE) released its quarterly earnings results on Thursday, July, 23rd. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.14 by $0.22. The basic materials company earned $4.33 billion during the quarter, compared to analysts' expectations of $4.43 billion. Nucor had a net margin of 2.49% and a return on equity of 7.95%. The company's revenue for the quarter was down 26.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 EPS.
View Nucor's earnings history.

Nucor announced a quarterly dividend on Thursday, June 4th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.4025 per share on Tuesday, August 11th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Monday, June 29th.
View Nucor's dividend history.

Nucor declared that its board has approved a share repurchase plan on Thursday, September 6th 2018, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 10% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

Nucor issued an update on its third quarter earnings guidance on Thursday, July, 23rd. The company provided earnings per share guidance of approx $0.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.31.

11 brokerages have issued 1-year price targets for Nucor's stock. Their forecasts range from $37.00 to $71.00. On average, they anticipate Nucor's share price to reach $51.00 in the next year. This suggests a possible upside of 19.3% from the stock's current price.
View analysts' price targets for Nucor.

News headlines about NUE stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Nucor earned a news impact score of -1.7 on InfoTrie's scale. They also assigned headlines about the basic materials company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future.
View the latest news about Nucor.

Nucor saw a drop in short interest in June. As of June 30th, there was short interest totaling 3,640,000 shares, a drop of 9.2% from the June 15th total of 4,010,000 shares. Based on an average daily trading volume, of 2,740,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.2% of the company's shares are sold short.
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Some companies that are related to Nucor include Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Commercial Metals (CMC), Cleveland-Cliffs (CLF), Worthington Industries (WOR), United States Steel (X), Allegheny Technologies (ATI), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Nucor investors own include NVIDIA (NVDA), AT&T (T), Home Depot (HD), AbbVie (ABBV), Cisco Systems (CSCO), Exxon Mobil (XOM), Walt Disney (DIS), Johnson & Johnson (JNJ), Alibaba Group (BABA) and JPMorgan Chase & Co. (JPM).

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

Nucor's stock is owned by a number of institutional and retail investors. Top institutional shareholders include ProShare Advisors LLC (0.71%), Sumitomo Mitsui Trust Holdings Inc. (0.45%), Prudential PLC (0.21%), New York State Teachers Retirement System (0.14%), First Trust Advisors LP (0.12%) and Robeco Institutional Asset Management B.V. (0.11%). Company insiders that own Nucor stock include Allen C Behr, John J Ferriola, Ladd R Hall, Leon J Topalian, Raymond S Napolitan Jr and Victoria F Haynes.
View institutional ownership trends for Nucor.

NUE stock was sold by a variety of institutional investors in the last quarter, including Prudential PLC, Robeco Institutional Asset Management B.V., Dupont Capital Management Corp, Pacer Advisors Inc., Ziegler Capital Management LLC, Stone Ridge Asset Management LLC, New York State Teachers Retirement System, and Gateway Investment Advisers LLC. Company insiders that have sold Nucor company stock in the last year include Allen C Behr, John J Ferriola, Leon J Topalian, and Raymond S Napolitan Jr.
View insider buying and selling activity for Nucor.

NUE stock was purchased by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Main Street Research LLC, Reilly Financial Advisors LLC, State of Alaska Department of Revenue, Insight Folios Inc, Strs Ohio, First Trust Advisors LP, and Oregon Public Employees Retirement Fund.
View insider buying and selling activity for Nucor.

Shares of NUE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of NUE stock can currently be purchased for approximately $42.74.

Nucor has a market capitalization of $12.87 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 official website for Nucor is www.nucor.com.

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