Nucor (NUE) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NUE shares.
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6 brokers have issued 1 year price targets for Nucor's stock. Their NUE share price targets range from $154.00 to $240.00. On average, they predict the company's stock price to reach $186.67 in the next year. This suggests that the stock has a possible downside of 3.8%.
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Nucor's stock was trading at $174.04 at the start of the year. Since then, NUE stock has increased by 11.5% and is now trading at $194.00.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
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Nucor will be holding an earnings conference call on Tuesday, April 23rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Nucor Co. (NYSE:NUE) released its quarterly earnings results on Monday, January, 29th. The basic materials company reported $3.16 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 13.03% and a trailing twelve-month return on equity of 21.42%. Nucor's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.89 EPS.
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Nucor announced a quarterly dividend on Tuesday, February 20th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.54 per share on Friday, May 10th. This represents a $2.16 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 27th.
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 1.11%. 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 16.77% 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 of Directors has initiated a share buyback plan on Thursday, May 11th 2023, which allows the company to buyback $4,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 11.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Nucor updated its first quarter 2024 earnings guidance on Thursday, March, 14th. The company provided EPS guidance of 3.550-3.650 for the period, compared to the consensus EPS estimate of 3.760. 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 variety of institutional and retail investors. Top institutional investors include Global Assets Advisory LLC (0.19%), Portman Square Capital LLP (0.00%), Meyer Handelman Co. (0.03%), Douglas Lane & Associates LLC (0.03%), Los Angeles Capital Management LLC (0.02%) and Central Bank & Trust Co. (0.02%). Insiders that own company stock include Allen C Behr, Allen C Behr, 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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