NYSE:NUENucor Stock Price, Forecast & News

Nucor's stock was trading at $35.43 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, NUE stock has increased by 18.4% and is now trading at $41.95.
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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) announced its quarterly earnings results on Thursday, July, 23rd. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.22. The basic materials company earned $4.33 billion during the quarter, compared to analyst estimates of $4.43 billion. Nucor had a return on equity of 7.95% and a net margin of 2.49%. The firm's quarterly revenue was down 26.6% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS.
View Nucor's earnings history.

Nucor declared a quarterly dividend on Thursday, June 4th. Shareholders 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 yield of 3.84%. The ex-dividend date of this dividend is Monday, June 29th.
View Nucor's dividend history.

Nucor announced that its board has initiated a stock repurchase program on Thursday, September 6th 2018, which permits the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 10% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

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

11 equities research analysts have issued twelve-month price targets for Nucor's shares. Their forecasts range from $37.00 to $71.00. On average, they expect Nucor's stock price to reach $51.00 in the next twelve months. This suggests a possible upside of 21.6% from the stock's current price.
View analysts' price targets for Nucor.

News stories about NUE stock have trended negative recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Nucor earned a media sentiment score of -2.9 on InfoTrie's scale. They also gave media stories about the basic materials company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future.
View the latest news about Nucor.

Nucor saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 3,640,000 shares, a decline 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 presently 1.3 days. Approximately 1.2% of the company's stock are sold short.
View Nucor's Current Options Chain.

Some companies that are related to Nucor include Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Commercial Metals (CMC), Worthington Industries (WOR), Cleveland-Cliffs (CLF), 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 many different retail and institutional investors. Top institutional shareholders include 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%), Robeco Institutional Asset Management B.V. (0.11%) and Main Street Research LLC (0.10%). 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 acquired 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 $41.95.

Nucor has a market capitalization of $12.63 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.