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NYSE:NUE

Nucor (NUE) Stock Forecast, Price & News

$140.28
+0.64 (+0.46%)
(As of 05/18/2023 ET)
Compare
Today's Range
$137.39
$140.53
50-Day Range
$136.78
$167.85
52-Week Range
$100.13
$182.68
Volume
1.14 million shs
Average Volume
1.83 million shs
Market Capitalization
$35.24 billion
P/E Ratio
5.50
Dividend Yield
1.45%
Price Target
$148.25

Nucor MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
5.7% Upside
$148.25 Price Target
Short Interest
Healthy
2.81% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.66mentions of Nucor in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-25.48%
From $16.72 to $12.46 Per Share

Overall MarketRank

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

1.74 out of 5 stars

Basic Materials Sector

131st out of 158 stocks

Blast Furnaces & Steel Mills Industry

12th out of 12 stocks


NUE stock logo

About Nucor (NYSE:NUE) Stock

Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment consists of carbon and alloy steel in sheet, bars, structural and plate, steel trading businesses, rebar distribution businesses, and Nucor's equity method investments. The Steel Products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating, tubular products businesses, piling products businesses, and wire and wire mesh. The Raw Materials segment consists of direct reduced iron, and ferrous and nonferrous metals. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC.

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NUE Stock News Headlines

Your Ultimate Investment Research Platform
MarketBeat All-Access is the all-in-one stock research solution that saves you time and helps you make more money. You get our top stock picks, best-in-class research tools, proprietary research reports and much more.
KeyCorp Weighs in on Nucor Co.'s Q2 2023 Earnings (NYSE:NUE)
Nucor To Repurchase Up To $4.00 Bln Of Common Stock
"The $51 Billion Laser Revolution"
See how a new contract with the Pentagon could spark a 2,476% sales surge for a small laser firm >>>
Nucor (NYSE:NUE) PT Lowered to $140.00
Analysts Set Nucor Co. (NYSE:NUE) PT at $148.88
Is This the Beginning of the End for Nucor?
Q1 2023 Nucor Corp Earnings Call
Nucor Reports Results for the First Quarter of 2023
Nucor (NUE) Beats Q1 Earnings and Revenue Estimates
See More Headlines
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NUE Company Calendar

Ex-Dividend for 5/11 Dividend
3/30/2023
Last Earnings
4/20/2023
Dividend Payable
5/11/2023
Today
5/18/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
67034610
Employees
31,400
Year Founded
1958

Price Target and Rating

Average Stock Price Forecast
$148.25
High Stock Price Forecast
$172.00
Low Stock Price Forecast
$122.00
Forecasted Upside/Downside
+6.3%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$7.61 billion
Pretax Margin
22.51%

Debt

Sales & Book Value

Annual Sales
$39.73 billion
Cash Flow
$34.42 per share
Book Value
$79.33 per share

Miscellaneous

Free Float
250,067,000
Market Cap
$35.03 billion
Optionable
Optionable
Beta
1.56

Social Links


Key Executives

  • Leon J. TopalianLeon J. Topalian
    Chairman, President & Chief Executive Officer
  • David A. SumoskiDavid A. Sumoski
    Chief Operating Officer
  • Stephen D. Laxton
    Chief Financial Officer, Treasurer & Executive VP
  • A. Rae Eagle
    Secretary & Vice President
  • Michael D. KellerMichael D. Keller
    Vice President & Controller













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 year. There are currently 5 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 2023?

7 brokerages have issued 12-month price targets for Nucor's stock. Their NUE share price forecasts range from $122.00 to $172.00. On average, they predict the company's stock price to reach $148.25 in the next twelve months. This suggests a possible upside of 5.7% 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 2023?

Nucor's stock was trading at $131.81 at the beginning of 2023. Since then, NUE stock has increased by 6.4% and is now trading at $140.28.
View the best growth stocks for 2023 here
.

Are investors shorting Nucor?

Nucor saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 7,030,000 shares, an increase of 13.6% from the April 15th total of 6,190,000 shares. Based on an average daily trading volume, of 1,790,000 shares, the days-to-cover ratio is currently 3.9 days. Currently, 2.8% of the company's stock are sold short.
View Nucor's Short Interest
.

When is Nucor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our NUE earnings forecast
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) posted its quarterly earnings data on Thursday, April, 20th. The basic materials company reported $4.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.81 by $0.64. The basic materials company earned $8.71 billion during the quarter, compared to analysts' expectations of $8.87 billion. Nucor had a net margin of 16.73% and a trailing twelve-month return on equity of 34.91%. The firm's revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $7.67 earnings per share.
Read the conference call transcript
.

How often does Nucor pay dividends? What is the dividend yield for Nucor?

Nucor declared a quarterly dividend on Tuesday, February 21st. Stockholders of record on Friday, March 31st will be paid a dividend of $0.51 per share on Thursday, May 11th. This represents a $2.04 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for NUE
.

Is Nucor a good dividend stock?

Nucor (NYSE:NUE) pays an annual dividend of $2.04 per share and currently has a dividend yield of 1.47%. 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 8.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 16.37% 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 declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 11th 2023, which allows the company to buyback $4,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 11.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its shares are undervalued.

What guidance has Nucor issued on next quarter's earnings?

Nucor issued an update on its first quarter 2023 earnings guidance on Thursday, March, 16th. The company provided earnings per share guidance of $3.70-$3.80 for the period, compared to the consensus EPS estimate of $3.84. 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."

Who are Nucor's major shareholders?

Nucor's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.84%), State Street Corp (5.04%), FMR LLC (3.46%), Geode Capital Management LLC (2.16%), Dimensional Fund Advisors LP (1.94%) and Envestnet Asset Management Inc. (0.80%). 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 and Raymond S Napolitan, Jr.
View institutional ownership trends
.

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 $140.28.

How much money does Nucor make?

Nucor (NYSE:NUE) has a market capitalization of $35.24 billion and generates $39.73 billion in revenue each year. The basic materials company earns $7.61 billion in net income (profit) each year or $25.51 on an earnings per share basis.

How many employees does Nucor have?

The company employs 31,400 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 5/18/2023 by MarketBeat.com Staff

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