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DOW   36,124.56
QQQ   387.29
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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
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What is dividend harvesting?
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SoFi expands ETF business with options-driven income fund

Nucor Stock Price, News & Analysis (NYSE:NUE)

$165.76
-1.64 (-0.98%)
(As of 12/5/2023 ET)
Compare
Today's Range
$163.54
$166.83
50-Day Range
$140.49
$170.41
52-Week Range
$129.46
$182.68
Volume
1.46 million shs
Average Volume
1.56 million shs
Market Capitalization
$40.75 billion
P/E Ratio
8.41
Dividend Yield
1.23%
Price Target
$164.56

Nucor MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
0.7% Downside
$164.56 Price Target
Short Interest
Bearish
2.20% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.91mentions of Nucor in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-31.10%
From $17.94 to $12.36 Per Share

Overall MarketRank

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

1.66 out of 5 stars

Basic Materials Sector

152nd out of 176 stocks

Blast Furnaces & Steel Mills Industry

12th out of 12 stocks


NUE stock logo

About Nucor Stock (NYSE:NUE)

Nucor Corporation engages in manufacture and sale of 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 engineered 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. 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. The company was founded in 1905 and is headquartered in Charlotte, North Carolina.

NUE Stock Price History

NUE Stock News Headlines

Nucor (NYSE:NUE) Downgraded by StockNews.com
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Nucor Stock Sees IBD Relative Strength Rating Rise To 72
Nucor (NYSE:NUE) Downgraded by StockNews.com to Hold
Nucor Insiders Sold US$13m Of Shares Suggesting Hesitancy
Why Is Nucor (NUE) Up 7.2% Since Last Earnings Report?
Energy Storage Trend Ignites Frenzy Over Vanadium Supply
As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.
Nucor to Build New Mill Stand at Tuscaloosa Plate Mill
This Dividend King Has a Balance Sheet Built for Anything
Company News for Oct 25, 2023
Q3 2023 Nucor Corp Earnings Call
Nucor's (NUE) Q3 Earnings and Sales Surpass Estimates
Nucor Corp. Q3 Income Drops, but beats estimates
See More Headlines
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Company Calendar

Ex-Dividend for 11/9 Dividend
9/28/2023
Last Earnings
10/24/2023
Dividend Payable
11/09/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/25/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
67034610
Employees
31,400
Year Founded
1958

Price Target and Rating

Average Stock Price Target
$164.56
High Stock Price Target
$191.00
Low Stock Price Target
$140.00
Potential Upside/Downside
-0.7%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
9 Analysts

Profitability

Net Income
$7.61 billion
Pretax Margin
18.83%

Debt

Sales & Book Value

Annual Sales
$41.51 billion
Cash Flow
$32.89 per share
Book Value
$76.28 per share

Miscellaneous

Free Float
244,708,000
Market Cap
$40.75 billion
Optionable
Optionable
Beta
1.64

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Should I Buy Nucor Stock? NUE Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Nucor was last updated on Tuesday, November 28, 2023 at 9:54 AM.

Pros

Here are some ways that investors could benefit from investing in Nucor Co.:

  • Nucor Corporation is engaged in the manufacture and sale of steel and steel products, which are essential materials for various industries and construction projects.
  • The passage of the infrastructure bill may lead to better-than-expected results in 2023 and beyond, creating increased demand for steel products.
  • Institutional investors have shown confidence in Nucor Co. by holding shares at the current level, indicating positive future prospects for the stock.
  • Nucor Co. has a year-to-date gain of 21.25%, suggesting potential for capital appreciation.
  • The stock is currently trading at a price-to-earnings ratio of 4, which is considered value stock territory and may present an opportunity for investors.

Cons

Investors should be bearish about investing in Nucor Co. for these reasons:

  • Nucor recently lowered its earnings guidance for the current quarter, which may indicate potential challenges in the short term.
  • The company has warned of lower product shipments, which could impact its financial performance.
  • While the passage of the infrastructure bill may create demand for steel, the exact impact on Nucor's financials is not yet quantified.
  • There are potential risks associated with the steel industry, such as fluctuations in raw material prices and competition from other steel manufacturers.
  • Investors should carefully consider the overall market conditions and their own risk tolerance before making investment decisions.














NUE Stock Analysis - Frequently Asked Questions

Should I buy or sell Nucor stock right now?

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.

What is Nucor's stock price target for 2024?

9 analysts have issued 1 year price objectives for Nucor's stock. Their NUE share price targets range from $140.00 to $191.00. On average, they expect the company's stock price to reach $164.56 in the next year. This suggests that the stock has a possible downside of 0.7%.
View analysts price targets for NUE
or view top-rated stocks among Wall Street analysts.

How have NUE shares performed in 2023?

Nucor's stock was trading at $131.81 at the beginning of the year. Since then, NUE stock has increased by 25.8% and is now trading at $165.76.
View the best growth stocks for 2023 here
.

When is Nucor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our NUE earnings forecast
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) announced 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 earned $8.78 billion during the quarter, compared to the consensus estimate of $8.37 billion. Nucor had a trailing twelve-month return on equity of 24.38% and a net margin of 13.98%. The firm's revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the business posted $6.50 earnings per share.
Read the conference call transcript
.

How often does Nucor pay dividends? What is the dividend yield for Nucor?

Nucor declared a quarterly dividend on Thursday, September 14th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.51 per share on Thursday, November 9th. This represents a $2.04 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for NUE
.

Is Nucor a good dividend stock?

Nucor (NYSE:NUE) pays an annual dividend of $2.04 per share and currently has a dividend yield of 1.20%. 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 10.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 16.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NUE.

How will Nucor's stock buyback program work?

Nucor declared that its Board of Directors has authorized a share buyback plan on Thursday, May 11th 2023, which permits the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 11.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

What guidance has Nucor issued on next quarter's earnings?

Nucor issued an update on its third quarter 2023 earnings guidance on Thursday, September, 14th. The company provided earnings per share (EPS) guidance of $4.10-$4.20 for the period, compared to the consensus estimate of $4.65. The company issued revenue guidance of -.

What is John J. Ferriola's approval rating as Nucor's CEO?

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.

What other stocks do shareholders of Nucor own?

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).

Who are Nucor's major shareholders?

Nucor's stock is owned by many different institutional and retail investors. Top institutional investors include State Farm Mutual Automobile Insurance Co. (10.59%), FMR LLC (3.28%), Northern Trust Corp (1.70%), Morgan Stanley (1.60%), Invesco Ltd. (0.92%) and Bank of New York Mellon Corp (0.73%). 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, Gregory J Murphy, James D Frias, James D Frias, John J Hollatz, Kenneth Rex Query, Leon J Topalian, Maryemily Slate, Michael D Keller, Raymond S Napolitan Jr, Raymond S Napolitan, Jr and Stephen D Laxton.
View institutional ownership trends
.

How do I buy shares of Nucor?

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.

Does Nucor have any subsidiaries?
The following companies are subsidiares of Nucor: Ambassador Steel Corporation, Corporacion POK SA de CV, Gallatin Steel Company, Harris Steel Inc., Harris Steel ULC, Harris U.S. Holdings Inc., Independence Tube Corporation, Joy Global - Steel Plate mill, Magnatrax Corporation, Nu-Iron Unlimited, Nucor Castrip Arkansas LLC, Nucor Energy Holdings Inc., Nucor Steel Auburn Inc., Nucor Steel Birmingham Inc., Nucor Steel Connecticut Inc., Nucor Steel Decatur LLC, Nucor Steel Florida Inc., Nucor Steel Gallatin LLC, Nucor Steel Jackson Inc., Nucor Steel Kankakee Inc., Nucor Steel Kingman LLC, Nucor Steel Louisiana LLC, Nucor Steel Marion Inc., Nucor Steel Memphis Inc., Nucor Steel Seattle Inc., Nucor Steel Sedalia LLC, Nucor Steel Tuscaloosa Inc., Nucor-Yamato Steel Company, Republic Conduit, Republic Conduit Inc., Skyline Steel, Skyline Steel LLC, Southland Tube Inc, Southland Tube Inc., St. Louis Cold Drawn Inc, St. Louis Cold Drawn LLC, The David J. Joseph Company, and Vulcraft-Omega.
Read More
This page (NYSE:NUE) was last updated on 12/6/2023 by MarketBeat.com Staff

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