Nucor (NUE) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.

10 brokerages have issued twelve-month target prices for Nucor's shares. Their NUE share price forecasts range from $122.00 to $191.00. On average, they expect the company's share price to reach $160.33 in the next year. This suggests that the stock has a possible downside of 3.7%.
View analysts price targets for NUE or view top-rated stocks among Wall Street analysts.

Nucor's stock was trading at $131.81 on January 1st, 2023. Since then, NUE shares have increased by 26.3% and is now trading at $166.52.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our NUE earnings forecast.

Nucor Co. (NYSE:NUE) released its earnings results on Monday, July, 24th. The basic materials company reported $5.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.59 by $0.22. The basic materials company earned $9.52 billion during the quarter, compared to analysts' expectations of $9.62 billion. Nucor had a net margin of 14.81% and a trailing twelve-month return on equity of 28.00%. The business's quarterly revenue was down 19.3% on a year-over-year basis. During the same period last year, the business earned $9.67 EPS.
Read the conference call transcript.

Nucor announced a quarterly dividend on Thursday, June 8th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.51 per share on Friday, August 11th. This represents a $2.04 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, June 29th.
Read our dividend analysis for NUE.

ETFs with the largest weight of Nucor (NYSE:NUE) stock in their portfolio include VanEck Steel ETF (SLX), iShares U.S. Basic Materials ETF (IYM), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), iMGP Berkshire Dividend Growth ETF (BDVG), SPDR S&P Metals & Mining ETF (XME), First Trust Materials AlphaDEX Fund (FXZ), Materials Select Sector SPDR Fund (XLB) and Pacer US Cash Cows Growth ETF (BUL).

Nucor (NYSE:NUE) pays an annual dividend of $2.04 per share and currently has a dividend yield of 1.23%. 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 9.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 16.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NUE.

Nucor declared that its Board of Directors has approved a share repurchase plan on Thursday, May 11th 2023, which authorizes the company to buyback $4,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 11.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

Nucor issued an update on its third quarter earnings guidance on Monday, July, 24th. The company provided EPS guidance of below $5.81 for the period, compared to the consensus earnings per share estimate of $4.55.

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.

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).

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 BlackRock Inc. (8.69%), Geode Capital Management LLC (2.18%), Dimensional Fund Advisors LP (2.02%), Northern Trust Corp (1.60%), Capital World Investors (1.49%) and Bank of New York Mellon Corp (0.76%). 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, Raymond S Napolitan, Jr and Stephen D Laxton.
View institutional ownership trends.

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.

One share of NUE stock can currently be purchased for approximately $166.52.

Nucor (NYSE:NUE) has a market capitalization of $41.42 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 $21.65 on an earnings per share basis.

The company employs 31,400 workers across the globe.

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.