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NYSE:NUE

Nucor - NUE Stock Forecast, Price & News

$114.33
+7.34 (+6.86%)
(As of 10/3/2022 12:00 AM ET)
Add
Compare
Today's Range
$109.27
$115.00
50-Day Range
$103.39
$144.21
52-Week Range
$88.50
$187.90
Volume
2.40 million shs
Average Volume
2.85 million shs
Market Capitalization
$29.93 billion
P/E Ratio
3.51
Dividend Yield
1.87%
Price Target
$132.78

Nucor MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
16.1% Upside
$132.78 Price Target
Short Interest
Healthy
3.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.59
Upright™ Environmental Score
News Sentiment
0.26mentions of Nucor in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.12 M Sold Last Quarter
Proj. Earnings Growth
-59.62%
From $29.84 to $12.05 Per Share

Overall MarketRank

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

2.03 out of 5 stars

Basic Materials Sector

121st out of 166 stocks

Blast Furnaces & Steel Mills Industry

10th out of 12 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.

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NUE Stock News Headlines

Nucor Q3 2022 Earnings Preview - Seeking Alpha
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Nucor to Construct Two Flat-Rolled Galvanizing Lines
KeyCorp Brokers Decrease Earnings Estimates for Nucor Co. (NYSE:NUE)
126% Average Gains While Stocks Crash
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New Nucor Steel Plate Mill Pursuing LEED v4 Certification
Why Shares in Alcoa Crashed Today
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
Ex-Dividend for 11/10 Dividend
9/29/2022
Today
10/03/2022
Next Earnings (Estimated)
10/20/2022
Dividend Payable
11/10/2022
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
$132.78
High Stock Price Forecast
$190.00
Low Stock Price Forecast
$102.00
Forecasted Upside/Downside
+16.1%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$6.83 billion
Pretax Margin
28.55%

Debt

Sales & Book Value

Annual Sales
$36.48 billion
Cash Flow
$28.73 per share
Book Value
$51.10 per share

Miscellaneous

Free Float
260,581,000
Market Cap
$29.93 billion
Optionable
Optionable
Beta
1.45

Social Links


Key Executives

  • Mr. Leon J. TopalianMr. Leon J. Topalian (Age 54)
    Pres, CEO & Chairman
    Comp: $5.93M
  • Mr. David A. SumoskiMr. David A. Sumoski (Age 55)
    Chief Operating Officer
    Comp: $2.96M
  • Mr. Douglas J. JellisonMr. Douglas J. Jellison (Age 64)
    Exec. VP of Raw Materials
    Comp: $4.99M
  • Mr. D. Chad UtermarkMr. D. Chad Utermark (Age 53)
    Exec. VP of New Markets & Innovation
    Comp: $1.72M
  • Mr. Stephen D. Laxton (Age 51)
    CFO, Treasurer & Exec. VP
  • Mr. Gregory J. Murphy (Age 57)
    Exec. VP of Bus. Services & Gen. Counsel
  • Mr. Benjamin M. Pickett
    Gen. Mang. of Public Affairs & Gov. Relations
  • Donovan E. Marks
    VP of HR & Safety
  • Mr. K. Rex Query (Age 56)
    Exec. VP of Sheet & Tubular Products
  • Paul Donnelly
    Director of Investor Relations













NUE Stock - Frequently Asked Questions

Should I buy or sell Nucor stock right now?

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

What is Nucor's stock price forecast for 2022?

7 Wall Street research analysts have issued 12-month price targets for Nucor's stock. Their NUE share price forecasts range from $102.00 to $190.00. On average, they expect the company's share price to reach $132.78 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
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 decreased by 0.4% and is now trading at $113.75.
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) issued its quarterly earnings data on Thursday, July, 21st. The basic materials company reported $9.67 EPS for the quarter, topping the consensus estimate 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%. The business's quarterly revenue was up 34.2% on a year-over-year basis. During the same quarter in the previous year, the firm 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, September 15th. Stockholders of record on Friday, September 30th will be given a dividend of $0.50 per share on Thursday, November 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Thursday, September 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 1.87%. 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 16.60% 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 initiated a stock repurchase program on Thursday, December 2nd 2021, which allows the company to buyback $4,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 13% of its stock through open market purchases. Stock buyback programs are generally an indication 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 third quarter 2022 earnings guidance on Wednesday, September, 28th. The company provided EPS guidance of $6.30-$6.40 for the period, compared to the consensus earnings per share estimate of $7.76. 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."

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 $113.75.

How much money does Nucor make?

Nucor (NYSE:NUE) has a market capitalization of $29.78 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
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 10/3/2022 by MarketBeat.com Staff

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