Nucor (NUE) Stock Price, News & Analysis

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
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8 analysts have issued 1-year price targets for Nucor's stock. Their NUE share price targets range from $154.00 to $210.00. On average, they anticipate the company's stock price to reach $174.43 in the next twelve months. This suggests that the stock has a possible downside of 6.5%.
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Nucor's stock was trading at $174.04 at the beginning of the year. Since then, NUE stock has increased by 7.2% and is now trading at $186.54.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our NUE earnings forecast.

Nucor Co. (NYSE:NUE) posted its earnings results on Monday, January, 29th. The basic materials company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.33. The basic materials company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.64 billion. Nucor had a trailing twelve-month return on equity of 21.42% and a net margin of 13.03%. The business's revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.89 EPS.
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Nucor announced a quarterly dividend on Thursday, December 14th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.54 per share on Friday, February 9th. This represents a $2.16 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, December 28th. This is a positive change from the stock's previous quarterly dividend of $0.51.
Read our dividend analysis for NUE.

Nucor (NYSE:NUE) pays an annual dividend of $2.16 per share and currently has a dividend yield of 1.16%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 12.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 19.00% next year. This indicates that the company will be able to sustain or increase its dividend.
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 announced that its board has authorized a share repurchase plan on Thursday, May 11th 2023, which authorizes the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 11.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

Nucor issued an update on its fourth quarter 2023 earnings guidance on Friday, December, 15th. The company provided earnings per share guidance of 2.750-2.850 for the period, compared to the consensus EPS estimate of 2.950. The company issued revenue guidance of -.

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's stock is owned by a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (1.78%), Norges Bank (0.88%), Pacer Advisors Inc. (0.84%), Charles Schwab Investment Management Inc. (0.61%), Wells Fargo & Company MN (0.54%) and Nordea Investment Management AB (0.45%). 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, Nicholas C Gangestad, Raymond S Napolitan Jr, Raymond S Napolitan, Jr and Stephen D Laxton.
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Shares of NUE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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