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CHARLOTTE, N.C. - Nucor Corporation (NYSE: NUE), a leading manufacturer of steel and steel products with a market capitalization of $25.8 billion, has announced key leadership changes within its human resources division, effective May 11, 2025. According to InvestingPro analysis, the company currently appears undervalued, while maintaining an impressive 53-year streak of consistent dividend payments. Thomas J. Batterbee has been promoted to Executive Vice President of Human Resources and Talent, and Elizabeth Bledsoe has been appointed as President of Human Resources and Talent.
Batterbee’s tenure with Nucor spans over three decades, beginning in 1989. His career has seen him climb the ranks from Nucor Building Systems Indiana to his most recent role as President of the Vulcraft/Verco Group since 2023. Bledsoe joins Nucor with extensive experience in the field of human resources, having previously held the position of Senior Vice President of Human Resources and Chief People Officer at MSC Industrial Direct Co., Inc. Her career also includes a long stint at Ingersoll-Rand plc, where she served in various HR roles from 1996 to 2015.Want deeper insights into Nucor’s performance? InvestingPro subscribers have access to 12 additional ProTips and comprehensive financial analysis, including detailed Fair Value calculations and health scores.
Leon Topalian, Nucor’s Chair, President, and Chief Executive Officer, expressed confidence in both leaders, citing Batterbee’s deep understanding of the company and Bledsoe’s vast experience in human resources and talent development. He emphasized that their combined expertise is expected to enhance Nucor’s robust culture and support the company’s initiatives for growth, retention, and development of its workforce.
Nucor and its affiliates operate facilities across the United States, Canada, and Mexico, producing a wide range of steel products. The company is also recognized as North America’s largest recycler. With a strong financial health score rated as "GOOD" by InvestingPro and a robust current ratio of 2.51, indicating solid liquidity, Nucor continues to maintain its strong market position. The recent appointments are part of Nucor’s ongoing efforts to strengthen its leadership team and human resources strategies, aiming to support its position in the competitive steel industry.
This announcement is based on a press release statement from Nucor Corporation.
In other recent news, Nucor Corporation has projected its first-quarter earnings per share (EPS) for 2025 to be between $0.45 and $0.55, significantly lower than the previous quarter’s $1.22 and the $3.46 reported in the first quarter of 2024. Analysts had estimated a higher EPS of $1.05 for this period. This guidance includes one-time charges related to the shutdown of two facilities. Meanwhile, UBS has upgraded Nucor’s stock rating to Buy, raising the price target to $160, citing the company’s medium-term growth prospects and recent de-rating. Citi also maintains a Buy rating with the same price target, despite acknowledging weaker-than-expected first-quarter guidance. UBS warns that new tariffs might negatively impact U.S. steel stocks, including Nucor, but notes that the level of import protection was higher than initially expected. Additionally, Chad Utermark, Nucor’s Executive Vice President of New Markets and Innovation, is set to retire in June 2025 after a long tenure with the company. These developments highlight the various challenges and opportunities Nucor faces in the current market environment.
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