NUE Stock Forecast, Price & News (Nucor)

2022-08-13 05:38:12 By : Mr. hongjin Jane

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

Nucor has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 3 buy ratings, 5 hold ratings, and 1 sell rating.

According to analysts' consensus price target of $133.50, Nucor has a forecasted downside of 6.6% from its current price of $142.89.

Nucor has only been the subject of 3 research reports in the past 90 days.

Nucor pays a meaningful dividend of 1.41%, higher than the bottom 25% of all stocks that pay dividends.

Nucor has been increasing its dividend for 49 years.

The dividend payout ratio of Nucor is 6.14%. This payout ratio is at a healthy, sustainable level, below 75%.

Based on earnings estimates, Nucor will have a dividend payout ratio of 15.64% next year. This indicates that Nucor will be able to sustain or increase its dividend.

In the past three months, Nucor insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,616,198.00 in company stock.

Only 0.46% of the stock of Nucor is held by insiders.

77.70% of the stock of Nucor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings for Nucor are expected to grow by 270.72% in the coming year, from $3.45 to $12.79 per share.

The P/E ratio of Nucor is 4.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.99.

The P/E ratio of Nucor is 4.38, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 90.33.

Nucor has a P/B Ratio of 2.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Nucor Corporation manufactures and sells steel and steel products. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. It also engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Its Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel racking, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal products, and wire and wire mesh products primarily for use in nonresidential construction applications. This segment also engages in the piling distribution business. The company's Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. It serves agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation industries through its in-house sales force; and internal distribution and trading companies. Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina.

Shares of NYSE:NUE opened at $142.89 on Friday. The company has a 50 day simple moving average of $119.32 and a 200 day simple moving average of $129.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.62 and a quick ratio of 1.39. Nucor has a 1 year low of $88.50 and a 1 year high of $187.90. The firm has a market cap of $38.02 billion, a PE ratio of 4.38 and a beta of 1.40.

Nucor (NYSE:NUE - Get Rating) last released its quarterly earnings results on Thursday, July 21st. The basic materials company reported $9.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.91 by $0.76. The firm had revenue of $11.79 billion during the quarter, compared to the consensus estimate of $11.59 billion. Nucor had a net margin of 21.03% and a return on equity of 57.78%. The company's revenue for the quarter was up 34.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.04 earnings per share. On average, research analysts forecast that Nucor will post 3.45 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Thursday, June 30th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.40%. Nucor's payout ratio is 6.14%.

NUE has been the topic of a number of recent analyst reports. StockNews.com upgraded Nucor from a "hold" rating to a "buy" rating in a research report on Monday, August 8th. Morgan Stanley decreased their price objective on shares of Nucor from $121.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Monday, July 25th. BMO Capital Markets cut their target price on Nucor from $168.00 to $128.00 in a research note on Tuesday, May 17th. Credit Suisse Group boosted their price target on Nucor from $142.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, April 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Nucor from $146.00 to $125.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $133.18.

In other Nucor news, CEO Leon J. Topalian sold 48,768 shares of the firm's stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $112.61, for a total transaction of $5,491,764.48. Following the completion of the transaction, the chief executive officer now owns 135,809 shares in the company, valued at approximately $15,293,451.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Nucor news, CEO Leon J. Topalian sold 48,768 shares of the company's stock in a transaction on Friday, June 17th. The shares were sold at an average price of $112.61, for a total transaction of $5,491,764.48. Following the sale, the chief executive officer now owns 135,809 shares of the company's stock, valued at $15,293,451.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth Rex Query sold 5,000 shares of Nucor stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $141.64, for a total value of $708,200.00. Following the completion of the transaction, the executive vice president now directly owns 76,100 shares of the company's stock, valued at $10,778,804. The disclosure for this sale can be found here. Insiders sold 57,175 shares of company stock worth $6,616,198 over the last ninety days. 0.46% of the stock is owned by insiders.

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9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 3 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.

9 Wall Street research analysts have issued 12-month price objectives for Nucor's shares. Their NUE share price forecasts range from $102.00 to $190.00. On average, they anticipate the company's stock price to reach $133.50 in the next year. This suggests that the stock has a possible downside of 6.6%. View analysts price targets for NUE or view top-rated stocks among Wall Street analysts.

Nucor's stock was trading at $114.15 at the beginning of 2022. Since then, NUE shares have increased by 25.2% and is now trading at $142.89. View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022. View our NUE earnings forecast.

Nucor Co. (NYSE:NUE) announced its quarterly earnings results on Thursday, July, 21st. The basic materials company reported $9.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.91 by $0.76. The basic materials company earned $11.79 billion during the quarter, compared to analyst estimates of $11.59 billion. Nucor had a trailing twelve-month return on equity of 57.78% and a net margin of 21.03%. The firm's quarterly revenue was up 34.2% compared to the same quarter last year. During the same period in the prior year, the company earned $5.04 earnings per share. Read the conference call transcript.

Nucor announced a quarterly dividend on Thursday, June 9th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.50 per share on Thursday, August 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, June 29th. Read our dividend analysis for NUE.

Nucor (NYSE:NUE) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.41%. The company has been increasing its dividend for 49 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 6.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 15.64% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for NUE.

Nucor announced that its board has approved a share repurchase plan on Thursday, December 2nd 2021, which allows the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 13% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.

Nucor updated its second quarter 2022 earnings guidance on Wednesday, July, 20th. The company provided earnings per share (EPS) guidance of $8.75-$8.85 for the period, compared to the consensus EPS estimate of $8.10. 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "NUE."

Nucor's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (2.98%), Northern Trust Corp (1.69%), Wells Fargo & Company MN (0.65%), Swiss National Bank (0.44%), ProShare Advisors LLC (0.41%) and Sumitomo Mitsui Trust Holdings Inc. (0.39%). 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, James D Frias, James D Frias, John J Ferriola, Kenneth Rex Query, Leon J Topalian, Maryemily Slate, Michael D Keller, Raymond S Napolitan Jr and Raymond S Napolitan, Jr. View institutional ownership trends.

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.

One share of NUE stock can currently be purchased for approximately $142.89.

Nucor (NYSE:NUE) has a market capitalization of $38.02 billion and generates $36.48 billion in revenue each year. The basic materials company earns $6.83 billion in net income (profit) each year or $32.59 on an earnings per share basis.

The company employs 28,800 workers across the globe.

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 or via fax at 704-362-4208.

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