NYSE:NUE

Nucor (NUE) Stock Price, News & Analysis

$172.06
-0.06 (-0.03%)
(As of 11:39 AM ET)
Today's Range
$170.20
$172.47
50-Day Range
$168.53
$200.98
52-Week Range
$129.79
$203.00
Volume
481,944 shs
Average Volume
1.41 million shs
Market Capitalization
$41.25 billion
P/E Ratio
10.12
Dividend Yield
1.26%
Price Target
$193.14

Nucor MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
12.6% Upside
$192.75 Price Target
Short Interest
Bearish
2.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.67mentions of Nucor in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$6.28 M Sold Last Quarter
Proj. Earnings Growth
1.13%
From $12.44 to $12.58 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.

3.87 out of 5 stars

Basic Materials Sector

56th out of 169 stocks

Blast Furnaces & Steel Mills Industry

4th out of 12 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

Nucor Stock Earnings Riding the Steel Industry Wave
After outperforming the Industrial Select Sector SPDR Fund NYSEARCA: XLI by more than 15% over the past five months, shares of Nucor Co. NYSE: NUE have now fallen behind the sector after reporting its first quarter 2024 earnings, arguably the most important earnings for the year as they set the tone for the stock.
Nucor Stock Earnings Riding the Steel Industry Wave
Nucor's earnings may have scared off investors, though the fine print actually shows how the business is now ramping up to an explosive year
Reviewing Nucor (NYSE:NUE) and Metallus (NYSE:MTUS)
Nucor First Quarter 2024 Earnings: Misses Expectations
Decoding 4 Analyst Evaluations For Nucor
Nucor: Q1 Earnings Snapshot
See More Headlines
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Company Calendar

Ex-Dividend for 5/10 Dividend
3/27/2024
Last Earnings
4/22/2024
Dividend Payable
5/10/2024
Today
5/20/2024
Next Earnings (Estimated)
7/22/2024
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
$192.75
High Stock Price Target
$240.00
Low Stock Price Target
$154.00
Potential Upside/Downside
+12.2%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
8 Analysts

Profitability

Net Income
$4.52 billion
Pretax Margin
17.28%

Debt

Sales & Book Value

Annual Sales
$34.71 billion
Cash Flow
$23.16 per share
Book Value
$89.99 per share

Miscellaneous

Free Float
238,228,000
Market Cap
$41.26 billion
Optionable
Optionable
Beta
1.65

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NUE Stock Analysis - Frequently Asked Questions

Should I buy or sell Nucor stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last twelve months. There are currently 5 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?

8 analysts have issued twelve-month price objectives for Nucor's stock. Their NUE share price targets range from $154.00 to $240.00. On average, they expect the company's stock price to reach $192.75 in the next year. This suggests a possible upside of 12.6% from the stock's current price.
View analysts price targets for NUE
or view top-rated stocks among Wall Street analysts.

How have NUE shares performed in 2024?

Nucor's stock was trading at $174.04 at the beginning of 2024. Since then, NUE shares have decreased by 1.7% and is now trading at $171.13.
View the best growth stocks for 2024 here
.

When is Nucor's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
View our NUE earnings forecast
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) posted its quarterly earnings results on Monday, April, 22nd. The basic materials company reported $3.46 earnings per share for the quarter, missing analysts' consensus estimates of $3.62 by $0.16. The basic materials company had revenue of $8.14 billion for the quarter, compared to analyst estimates of $8.26 billion. Nucor had a trailing twelve-month return on equity of 19.62% and a net margin of 12.40%. The business's quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.45 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 Tuesday, February 20th. Investors of record on Thursday, March 28th will be paid a dividend of $0.54 per share on Friday, May 10th. This represents a $2.16 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for NUE
.

Is Nucor a good dividend stock?

Nucor (NYSE:NUE) pays an annual dividend of $2.16 per share and currently has a dividend yield of 1.25%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 12.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 17.17% 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 announced that its board has initiated a share buyback plan on Thursday, May 11th 2023, which allows the company to buyback $4,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 11.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its shares are undervalued.

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

Nucor issued an update on its second quarter earnings guidance on Monday, April, 22nd. The company provided EPS guidance of below $3.46 for the period, compared to the consensus EPS estimate of $3.63.

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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.20%), Capital World Investors (1.57%), Bank of New York Mellon Corp (0.68%), Nordea Investment Management AB (0.49%), ProShare Advisors LLC (0.43%) and Mirae Asset Global Investments Co. Ltd. (0.35%). Insiders that own company stock include Allen C Behr, Allen C Behr, 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, Nicholas C Gangestad 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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.
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This page (NYSE:NUE) was last updated on 5/20/2024 by MarketBeat.com Staff

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