Nucor (NUE) Stock Price, News & Analysis

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 6 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.
View NUE analyst ratings or view top-rated stocks.

9 Wall Street research analysts have issued 12-month target prices for Nucor's shares. Their NUE share price targets range from $140.00 to $191.00. On average, they predict the company's share price to reach $165.33 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
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 stock has increased by 32.0% and is now trading at $174.04.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our NUE earnings forecast.

Nucor will be holding an earnings conference call on Tuesday, January 30th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Nucor Co. (NYSE:NUE) released its earnings results on Tuesday, October, 24th. The basic materials company reported $4.57 EPS for the quarter, topping the consensus estimate of $4.19 by $0.38. The basic materials company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.37 billion. Nucor had a trailing twelve-month return on equity of 24.38% and a net margin of 13.98%. Nucor's revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $6.50 earnings per share.
Read the conference call transcript.

Nucor announced a quarterly dividend on Thursday, December 14th. Investors of record on Friday, December 29th will be given a dividend of $0.54 per share on Friday, February 9th. This represents a $2.16 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase 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 1.23%. 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 10.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 17.14% 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 stock buyback program 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 programs are often an indication that the company's board of directors believes its shares are undervalued.

Nucor updated its fourth quarter 2023 earnings guidance on Friday, December, 15th. The company provided EPS 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).

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.
Compare Top Brokerages Here.