Nucor Corporation NUE completed its purchase of C.H.I. Overhead Doors (“C.H.I.”) from KKR & Co. Inc. (“KKR”) for $3 billion. C.H.I. is a leading producer of overhead doors for residential and commercial markets in the United States and Canada.C.H.I. produces overhead door products for residential and commercial applications and rolling steel and rubber doors for commercial and industrial customers. The entity can maintain minimal inventory levels and realize industry-leading fulfilment times while providing direct delivery to customers leveraging a highly diversified national customer network of professional garage door dealers.Nucor stated that C.H.I. built a tremendous business with strong growth prospects that is a natural fit with its capabilities. The acquisition is expected to be immediately accretive to earnings in the first year of ownership.Shares of Nucor have gained 16.7% in the past year against a 17.9% decline of the industry.Image Source: Zacks Investment ResearchNucor recently announced guidance for the second quarter of 2022. The steel giant projects second-quarter earnings to be between $8.75 and $8.85 per share.The company is seeing strong end-use market demand for steel and steel products and is confident that 2022 will be another year of robust earnings and cash flow for Nucor. The second quarter earnings are expected to be driven by higher profitability in the steel products segment, which continues to benefit from strong demand in nonresidential construction markets.Nucor Corporation Price and Consensus Nucor Corporation price-consensus-chart | Nucor Corporation Quote Zacks Rank & Other Key PicksNucor currently sports a Zacks Rank #1 (Strong Buy).Some other top-ranked stocks in the basic materials space are Allegheny Technologies Inc. ATI, Cabot Corporation CBT and Nutrien Ltd. NTR.Allegheny has a projected earnings growth rate of 1,076.9% for the current year. The Zacks Consensus Estimate for ATI's current-year earnings has been revised 40.4% upward in the past 60 days.Allegheny’s earnings beat the Zacks Consensus Estimate in the last four quarters. It has a trailing four-quarter earnings surprise of roughly 128.9%, on average. ATI has gained around 11.9% in a year and currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.Cabot, currently carrying a Zacks Rank #2, has an expected earnings growth rate of 22.5% for the current year. The Zacks Consensus Estimate for CBT's earnings for the current year has been revised 6% upward in the past 60 days.Cabot’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average being 16.2%. CBT has gained around 16.7% over a year.Nutrien has a projected earnings growth rate of 174.6% for the current year. The Zacks Consensus Estimate for NTR’s current-year earnings has been revised 30.7% upward in the past 60 days.Nutrien’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, the average being 5.8%. NTR has gained 34.9% in a year. The company flaunts a Zacks Rank #1. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nucor Corporation (NUE): Free Stock Analysis Report Allegheny Technologies Incorporated (ATI): Free Stock Analysis Report Cabot Corporation (CBT): Free Stock Analysis Report Nutrien Ltd. (NTR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research