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Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
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Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
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Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Free Stock Analysis Report: See The True Value of Any Stock (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
AT&T will give $5 to customers hit by cellphone network outage
NYSE:NUE

Nucor (NUE) Stock Price, News & Analysis

$189.99
+3.34 (+1.79%)
(As of 02/23/2024 08:53 PM ET)
Today's Range
$186.20
$190.85
50-Day Range
$166.40
$189.99
52-Week Range
$129.79
$190.96
Volume
1.10 million shs
Average Volume
1.58 million shs
Market Capitalization
$46.71 billion
P/E Ratio
10.56
Dividend Yield
1.14%
Price Target
$174.43

Nucor MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
8.2% Downside
$174.43 Price Target
Short Interest
Healthy
2.15% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.89mentions of Nucor in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$13.67 M Sold Last Quarter
Proj. Earnings Growth
-4.55%
From $12.97 to $12.38 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.

3.56 out of 5 stars

Basic Materials Sector

76th out of 173 stocks

Blast Furnaces & Steel Mills Industry

5th 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

Analysts Set Nucor Co. (NYSE:NUE) Price Target at $174.43
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Investors Purchase High Volume of Nucor Put Options (NYSE:NUE)
Nucor board approves $860 mln funding for new rebar mill
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After the massive market collapse and several huge scandals last year, a lot of experts are saying the crypto markets are just one more step away from going to zero. But are they right?
StockNews.com Lowers Nucor (NYSE:NUE) to Hold
Nucor Announces 204th Consecutive Cash Dividend
Nucor Announces 204th Consecutive Cash Dividend
Brokers Issue Forecasts for Nucor Co.'s Q1 2024 Earnings (NYSE:NUE)
Nucor price target raised by $33 at Morgan Stanley, here's why
Nucor Still As Strong As Steel
Nucor Has Major Macro Headwinds To Overcome In 2024
Steel Producer Breaks Out Amid Powerful Uptrend
Q4 2023 Nucor Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 2/9 Dividend
12/28/2023
Last Earnings
1/29/2024
Dividend Payable
2/09/2024
Today
2/25/2024
Next Earnings (Estimated)
4/18/2024
Fiscal Year End
12/31/2024

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
$174.43
High Stock Price Target
$210.00
Low Stock Price Target
$154.00
Potential Upside/Downside
-8.2%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$4.52 billion
Pretax Margin
18.07%

Debt

Sales & Book Value

Annual Sales
$34.71 billion
Cash Flow
$23.17 per share
Book Value
$89.99 per share

Miscellaneous

Free Float
244,708,000
Market Cap
$46.71 billion
Optionable
Optionable
Beta
1.61

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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 Sunday, February 25, 2024 at 3:15 PM.

Pros

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

  • Nucor Corporation engages in the manufacture and sale of steel and steel products, which are essential materials in various industries.
  • The company has a strong presence in the steel industry with a long history dating back to 1905, indicating stability and experience.
  • Nucor has a diversified product portfolio, including hot-rolled and cold-rolled steel, which can help mitigate risks associated with fluctuations in specific market segments.
  • The company has a well-established distribution network, including a dedicated sales force and internal distribution and trading companies, which can enhance market reach and sales efficiency.
  • Recent developments in the company's operations have shown positive growth trends, reflecting potential for increased profitability and shareholder value.

Cons

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

  • While steel is a crucial material, the industry is highly cyclical and sensitive to economic conditions, which can lead to volatility in Nucor's financial performance.














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 year. 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 equities research analysts have issued 1-year price objectives for Nucor's stock. Their NUE share price targets range from $154.00 to $210.00. On average, they anticipate the company's share price to reach $174.43 in the next twelve months. This suggests that the stock has a possible downside of 8.2%.
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 on January 1st, 2024. Since then, NUE shares have increased by 9.2% and is now trading at $189.99.
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 Thursday, April 18th 2024.
View our NUE earnings forecast
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) released its quarterly earnings results on Monday, January, 29th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.83 by $0.33. The basic materials company earned $7.70 billion during the quarter, compared to analysts' expectations of $7.64 billion. Nucor had a net margin of 13.03% and a trailing twelve-month return on equity of 21.42%. The business's revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.89 earnings per share.
Read the conference call transcript
.

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

Nucor announced a quarterly dividend on Tuesday, February 20th. Shareholders 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 dividend yield of 1.14%. The ex-dividend date of this dividend 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 1.14%. 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 12.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NUE will have a dividend payout ratio of 17.45% 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 of Directors has initiated a stock repurchase plan on Thursday, May 11th 2023, which allows the company to repurchase $4,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 11.6% of its shares through open market purchases. Shares repurchase plans are usually an indication 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 fourth quarter 2023 earnings guidance on Friday, December, 15th. The company provided EPS guidance of 2.750-2.850 for the period, compared to the consensus estimate of 2.950. 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.01%), State Farm Mutual Automobile Insurance Co. (10.19%), Dimensional Fund Advisors LP (1.78%), Northern Trust Corp (1.59%), Capital World Investors (1.53%) and Norges Bank (0.88%). 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, 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 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.
Read More
This page (NYSE:NUE) was last updated on 2/26/2024 by MarketBeat.com Staff