Nucor Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Nucor stock. 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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Nucor is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
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Nucor Co. (NYSE:NUE) announced its quarterly earnings results on Thursday, July, 22nd. The basic materials company reported $5.04 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $4.81 by $0.23. The basic materials company earned $6.73 billion during the quarter, compared to analyst estimates of $8.24 billion. Nucor had a trailing twelve-month return on equity of 26.26% and a net margin of 11.70%. The business's revenue for the quarter was up 55.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS.
View Nucor's earnings history.

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 180.6% and is now trading at $99.40.
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Nucor announced a quarterly dividend on Tuesday, June 8th. Shareholders of record on Wednesday, June 30th will be paid a dividend of $0.405 per share on Wednesday, August 11th. This represents a $1.62 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, June 29th.
View Nucor's dividend history.

Nucor pays an annual dividend of $1.62 per share and currently has a dividend yield of 1.65%. Nucor has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Nucor is 48.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nucor will have a dividend payout ratio of 23.62% next year. This indicates that Nucor will be able to sustain or increase its dividend.
View Nucor's dividend history.

Nucor declared that its board has approved a share repurchase plan on Thursday, May 13th 2021, which authorizes the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 9.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are undervalued.

Nucor issued an update on its second quarter 2021 earnings guidance on Wednesday, July, 14th. The company provided earnings per share guidance of $4.600-$4.700 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.520. The company issued revenue guidance of -.

10 brokerages have issued 12 month price targets for Nucor's shares. Their forecasts range from $48.00 to $114.00. On average, they anticipate Nucor's stock price to reach $80.27 in the next year. This suggests that the stock has a possible downside of 19.2%.
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103 employees have rated Nucor CEO John J. Ferriola on Glassdoor.com. John J. Ferriola has an approval rating of 91% among Nucor's employees. This puts John J. Ferriola in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Nucor include Steel Dynamics (STLD), Cleveland-Cliffs (CLF), Reliance Steel & Aluminum (RS), United States Steel (X), Commercial Metals (CMC), Worthington Industries (WOR), 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 AT&T (T), AbbVie (ABBV), NVIDIA (NVDA), Cisco Systems (CSCO), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Intel (INTC), The Home Depot (HD), JPMorgan Chase & Co. (JPM) and The Walt Disney (DIS).

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 investors include Manning & Napier Group LLC (0.06%), Oregon Public Employees Retirement Fund (0.06%), State of Alaska Department of Revenue (0.04%), Brookstone Capital Management (0.04%), Insight Folios Inc (0.02%) and CBOE Vest Financial LLC (0.02%). Company insiders that own Nucor stock include Allen C Behr, Craig A Feldman, D Chad Utermark, David A Sumoski, Douglas J Jellison, James D Frias, John J Ferriola, Kenneth Rex Query, Leon J Topalian, Michael D Keller, Raymond S Napolitan Jr and Raymond S Napolitan, Jr.
View institutional ownership trends for Nucor.

NUE stock was sold by a variety of institutional investors in the last quarter, including Meridian Wealth Management LLC, DAVENPORT & Co LLC, Adams Natural Resources Fund Inc., Q3 Asset Management, Insight Folios Inc, Focused Wealth Management Inc, Cypress Capital Group, and Veracity Capital LLC. Company insiders that have sold Nucor company stock in the last year include Craig A Feldman, D Chad Utermark, David A Sumoski, Douglas J Jellison, James D Frias, Kenneth Rex Query, Leon J Topalian, Michael D Keller, Raymond S Napolitan Jr, and Raymond S Napolitan, Jr.
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NUE stock was purchased by a variety of institutional investors in the last quarter, including Brookstone Capital Management, Oregon Public Employees Retirement Fund, Stratos Wealth Partners LTD., Manning & Napier Group LLC, IFM Investors Pty Ltd, CBOE Vest Financial LLC, Old Port Advisors, and Johnson Midwest Financial LLC.
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Shares of NUE 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 $99.40.

Nucor has a market capitalization of $29.74 billion and generates $20.14 billion in revenue each year. The basic materials company earns $721.47 million in net income (profit) each year or $3.34 on an earnings per share basis.

Nucor employs 26,400 workers across the globe.

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.

Nucor was founded in 1958.

The official website for Nucor is www.nucor.com.

Nucor is headquartered at 1915 REXFORD ROAD, CHARLOTTE NC, 28211.

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