Nucor (NUE) Stock Price, News & Analysis

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NUE shares.
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6 Wall Street analysts have issued 1 year price targets for Nucor's shares. Their NUE share price targets range from $154.00 to $240.00. On average, they anticipate the company's share price to reach $192.83 in the next twelve months. This suggests a possible upside of 1.1% from the stock's current price.
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Nucor's stock was trading at $174.04 at the beginning of the year. Since then, NUE shares have increased by 9.6% and is now trading at $190.77.
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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) announced 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 earned $7.70 billion during the quarter, compared to analyst estimates of $7.64 billion. Nucor had a trailing twelve-month return on equity of 21.42% and a net margin of 13.03%. The firm's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.89 EPS.
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Nucor declared a quarterly dividend on Tuesday, February 20th. Stockholders 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 yield of 1.13%. The ex-dividend date 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), Materials Select Sector SPDR Fund (XLB), First Trust Materials AlphaDEX Fund (FXZ), SPDR S&P Metals & Mining ETF (XME) and iShares MSCI Global Metals & Mining Producers ETF (PICK).

Nucor announced that its board has authorized a share repurchase plan on Thursday, May 11th 2023, which permits the company to buyback $4,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 11.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are 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 number of retail and institutional investors. Top institutional shareholders include Global Assets Advisory LLC (0.19%), Allspring Global Investments Holdings LLC (0.06%), Portman Square Capital LLP (0.00%), Wealth Enhancement Advisory Services LLC (0.04%), Meyer Handelman Co. (0.03%) and Farmers & Merchants Investments Inc. (0.03%). 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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