Nucor Corporation Buyback
OLI recorded this information on 5/11/2023
Company:
Nucor Corporation
Buyback:
NUE buyback
$Amount Authorized:
$4,000,000,000
Buyback Details:
The Board of Directors of Nucor Corporation (NYSE: NUE) has approved the repurchase of up to $4.00 billion of the Company's outstanding common stock. This new authorization replaces the previously authorized $4.00 billion repurchase program (which was terminated by the Board of Directors in connection with the approval of the new authorization), under which approximately $3.79 billion of the Company's common stock had been repurchased since its authorization in December 2021. The Company expects share repurchases will be made from time to time in the open market at prevailing market prices or through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements and other factors. The new share repurchase authorization is discretionary and has no expiration date.
Nucor manufactures steel and steel products. Co. has three segments: steel mills, which produces sheet steel, plate steel, structural steel and bar steel; steel products, which produces hollow structural section steel tubing, electrical conduit, steel racking, steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal, and wire and wire mesh; and raw materials, which 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.
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Avg. Broker Rec.
 
|
Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: NUE Stock Forecast Based on Zacks ABR data; powered by Xignite |
