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NYSE:NUE

Nucor (NUE) Stock Price, News & Analysis

$160.89
+3.87 (+2.46%)
(As of 07/26/2024 ET)
Today's Range
$156.33
$162.42
50-Day Range
$150.24
$172.19
52-Week Range
$140.07
$203.00
Volume
1.25 million shs
Average Volume
1.53 million shs
Market Capitalization
$38.57 billion
P/E Ratio
9.46
Dividend Yield
1.34%
Price Target
$191.29

Nucor MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
18.9% Upside
$191.29 Price Target
Short Interest
Healthy
1.76% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.59mentions of Nucor in the last 14 days
Based on 30 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.06%
From $10.64 to $12.03 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.62 out of 5 stars

Basic Materials Sector

25th out of 175 stocks

Blast Furnaces & Steel Mills Industry

3rd out of 13 stocks

NUE stock logo

About Nucor Stock (NYSE:NUE)

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The 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 structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and 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. The Steel Products segment offers steel joists and joist girders, steel decks, and galvanized torque tubes for used in solar arrays, hollow structural section steel tubing, electrical conduit, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded metal, wire and wire mesh, metal building systems, insulated metal panels, steel racking, overhead doors, and utility towers and structures for communications and energy transmission. This segment is also involved in the piling distribution business. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; processes ferrous and nonferrous scrap metal; and engages in the natural gas production and industrial gas business. 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 markets its products through in-house sales force; and internal distribution and trading companies. Nucor Corporation was founded in 1905 and is headquartered in Charlotte, North Carolina.

NUE Stock Price History

NUE Stock News Headlines

Metal pipes. Steel industry background.
Steel Leader's Stock Being Dragged Down By Falling Prices (NUE)
Nucor beat earnings and revenue estimates, however, revenue fell 15% from the previous year. Declining steel prices will hurt the firm in the short term.
Rolls of steel in warehouse
Steel Dynamics Stock is Up 9.6% While Its Peers Are Rusting (NUE)
While most steel producer stocks are trading down in 2024, Steel Dynamics Inc. (NASDAQ: STLD) is an exception. Its stock is trading up 9.1% year-
625,000% Gain
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Nucor (NYSE:NUE) Issues Q3 Earnings Guidance
Nucor: Strong Q2 Performance Meets Cautionary Outlook for Q3
625,000% Gain
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Nucor (NYSE:NUE) Announces Earnings Results
Nucor Corp. Announces Fall In Q2 Income, But Beats Estimates
See More Headlines
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Company Calendar

Ex-Dividend for 5/10 Dividend
3/27/2024
Dividend Payable
5/10/2024
Ex-Dividend for 8/9 Dividend
6/28/2024
Last Earnings
7/22/2024
Today
7/27/2024
Dividend Payable
8/09/2024
Next Earnings (Estimated)
10/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
67034610
Employees
32,000
Year Founded
1958

Price Target and Rating

Average Stock Price Target
$191.29
High Stock Price Target
$240.00
Low Stock Price Target
$154.00
Potential Upside/Downside
+18.9%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$4.52 billion
Pretax Margin
14.53%

Debt

Sales & Book Value

Annual Sales
$34.71 billion
Cash Flow
$23.73 per share
Book Value
$90.81 per share

Miscellaneous

Free Float
238,659,000
Market Cap
$38.57 billion
Optionable
Optionable
Beta
1.57

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Should I Buy Nucor Stock? NUE Pros and Cons Explained

Pros

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

  • Nucor's stock price has shown resilience, currently trading at $154.53, indicating potential value for investors.
  • Nucor has a strong market capitalization of $37.05 billion, reflecting stability and size in the industry.
  • The company has a low price-to-earnings ratio of 9.09, suggesting the stock may be undervalued compared to its earnings.
  • Nucor's current ratio of 4.02 and quick ratio of 2.48 indicate strong liquidity and ability to meet short-term obligations.
  • Analysts have given Nucor a consensus rating of Hold with a price target of $189.67, showing positive sentiment from experts.

Cons

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

  • Recent reports show a decrease in Nucor's stock price, trading at $154.53, which may indicate short-term challenges.
  • Nucor's revenue for the last quarter was down 6.6% year-over-year, signaling a decline in business performance.
  • Several analysts have lowered their price targets for Nucor, indicating potential concerns about the company's future growth.
  • The company's beta of 1.60 suggests higher volatility compared to the market average, posing risks for investors.
  • While Nucor has a strong market presence, the recent decrease in stock performance may raise questions about its competitive position.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 23, 2024. Please send any questions or comments about these Nucor pros and cons to contact@marketbeat.com.

NUE Stock Analysis - Frequently Asked Questions

How have NUE shares performed this year?

Nucor's stock was trading at $174.04 at the start of the year. Since then, NUE shares have decreased by 7.6% and is now trading at $160.89.
View the best growth stocks for 2024 here
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) issued its quarterly earnings data on Monday, July, 22nd. The basic materials company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.37. The business's revenue was down 15.2% on a year-over-year basis.
Read the conference call transcript
.

Is Nucor doing a stock buyback?

Nucor's Board of Directors authorized a share buyback program on Thursday, May 11th 2023, which permits the company to repurchase $4,000,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 11.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its shares are undervalued.

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.

Does Nucor have any subsidiaries?

The following companies are subsidiaries of Nucor: Corporacion POK SA de CV, St. Louis Cold Drawn Inc, Vulcraft-Omega, Republic Conduit, Southland Tube Inc, Independence Tube Corporation, Joy Global - Steel Plate mill, and others.

Who are Nucor's major shareholders?

Nucor's top institutional investors include Bank of New York Mellon Corp (0.65%), AustralianSuper Pty Ltd (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.28%) and New York State Teachers Retirement System (0.11%). Insiders that own company stock include D Chad Utermark, David A Sumoski, Leon J Topalian, Douglas J Jellison, Kenneth Rex Query, Daniel R Needham, Allen C Behr, Stephen D Laxton, Gregory J Murphy, John J Hollatz, Michael D Keller, Maryemily Slate and James D Frias.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nucor own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nucor investors own include AT&T (T), AbbVie (ABBV), NVIDIA (NVDA), Cisco Systems (CSCO), Exxon Mobil (XOM), Johnson & Johnson (JNJ) and Intel (INTC).

This page (NYSE:NUE) was last updated on 7/27/2024 by MarketBeat.com Staff

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