S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Israel is quiet on next steps against Iran — and on which partners helped shoot down missiles
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Israel is quiet on next steps against Iran — and on which partners helped shoot down missiles
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Israel is quiet on next steps against Iran — and on which partners helped shoot down missiles
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Israel is quiet on next steps against Iran — and on which partners helped shoot down missiles
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
NYSE:NUE

Nucor (NUE) Stock Price, News & Analysis

$194.53
-2.81 (-1.42%)
(As of 04/12/2024 ET)
Today's Range
$193.02
$198.99
50-Day Range
$179.48
$200.98
52-Week Range
$129.79
$203.00
Volume
1.19 million shs
Average Volume
1.05 million shs
Market Capitalization
$46.68 billion
P/E Ratio
10.81
Dividend Yield
1.11%
Price Target
$186.67

Nucor MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
4.0% Downside
$186.67 Price Target
Short Interest
Healthy
2.05% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.95mentions of Nucor in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$7.31 M Sold Last Quarter
Proj. Earnings Growth
-0.92%
From $13.00 to $12.88 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.

3.62 out of 5 stars

Basic Materials Sector

60th out of 164 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. 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

Buy Alert
Imagine knowing, ahead of time, what the best investments of the year would be… Well, investors no longer need to imagine, guess, or throw darts. See, we’ve uncovered what looks to be a list of THE 10 best opportunities for 2024.
Nucor (NYSE:NUE) Hits New 52-Week High at $203.00
Nucor (NYSE:NUE) Reaches New 12-Month High at $203.00
Buy Alert
Imagine knowing, ahead of time, what the best investments of the year would be… Well, investors no longer need to imagine, guess, or throw darts. See, we’ve uncovered what looks to be a list of THE 10 best opportunities for 2024.
Nucor (NYSE:NUE) Rating Increased to Buy at StockNews.com
Nucor (NUE) Stock Moves -0.85%: What You Should Know
Nucor: A Solid Start To 2024
Nucor (NYSE:NUE) Hits New 52-Week High at $202.89
Nucor (NUE) Stock Moves -0.52%: What You Should Know
Nucor Introduces New Hot-Rolled Coil Spot Pricing
Nucor Acquires Southwest Data Products - Quick Facts
U.S. Mills Hike Steel Prices to Halt Bearish Trend
Nucor Expects Q1 Profit Below Street
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
Ex-Dividend for 5/10 Dividend
3/27/2024
Today
4/14/2024
Next Earnings (Confirmed)
4/22/2024
Dividend Payable
5/10/2024
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
$186.67
High Stock Price Target
$240.00
Low Stock Price Target
$154.00
Potential Upside/Downside
-4.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$4.52 billion
Pretax Margin
18.07%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
238,876,000
Market Cap
$46.68 billion
Optionable
Optionable
Beta
1.61

Social Links

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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 Co. reported a strong quarterly earnings result, surpassing analyst estimates, indicating a solid financial performance.
  • The company has a healthy return on equity of 21.42%, showcasing efficient utilization of shareholder funds.
  • Nucor Co. offers a dividend yield of 1.10%, providing investors with a steady income stream.
  • The stock price has been showing an upward trend, with a 50-day moving average of $184.05 and a 200-day moving average of $168.54, indicating positive market sentiment.
  • Nucor Co. operates in the steel industry, which has shown resilience and growth potential, especially in manufacturing sectors.

Cons

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

  • The steel industry is subject to cyclical fluctuations, which may impact Nucor Co.'s financial performance during economic downturns.
  • Market volatility and trade tensions can affect steel prices and demand, potentially impacting Nucor Co.'s revenue and profitability.
  • Competition within the steel industry is intense, leading to pricing pressures and potential margin squeezes for Nucor Co.
  • Environmental regulations and sustainability concerns in the steel sector could lead to increased compliance costs for Nucor Co.
  • Global economic conditions and geopolitical factors may influence steel demand and pricing, affecting Nucor Co.'s business operations.
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, April 9, 2024. Please send any questions or comments about these Nucor pros and cons to contact@marketbeat.com.

NUE Stock Analysis - Frequently Asked Questions

Should I buy or sell Nucor stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NUE shares.
View NUE analyst ratings
or view top-rated stocks.

What is Nucor's stock price target for 2024?

6 brokers have issued 1 year target prices for Nucor's shares. Their NUE share price targets range from $154.00 to $240.00. On average, they anticipate the company's stock price to reach $186.67 in the next twelve months. This suggests that the stock has a possible downside of 4.0%.
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 11.8% and is now trading at $194.53.
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, April 22nd 2024.
View our NUE earnings forecast
.

How can I listen to Nucor's earnings call?

Nucor will be holding an earnings conference call on Tuesday, April 23rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) posted its quarterly earnings results on Monday, January, 29th. The basic materials company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 trailing twelve-month return on equity of 21.42% and a net margin of 13.03%. Nucor's revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior 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 declared a quarterly dividend on Tuesday, February 20th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.54 per share on Friday, May 10th. This represents a $2.16 annualized dividend and a dividend yield of 1.11%. 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 1.09%. 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 16.77% 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 approved a share repurchase plan on Thursday, May 11th 2023, which allows the company to repurchase $4,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 11.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

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

Nucor updated its first quarter 2024 earnings guidance on Thursday, March, 14th. The company provided earnings per share guidance of 3.550-3.650 for the period, compared to the consensus earnings per share estimate of 3.760. 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 variety of retail and institutional investors. Top institutional shareholders include Global Assets Advisory LLC (0.19%), Meyer Handelman Co. (0.03%), Douglas Lane & Associates LLC (0.03%), Los Angeles Capital Management LLC (0.02%), Central Bank & Trust Co. (0.02%) and Czech National Bank (0.02%). 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 4/14/2024 by MarketBeat.com Staff

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