NYSE:NUE

Nucor (NUE) Stock Price, News & Analysis

$179.40
-12.23 (-6.38%)
(As of 10:16 AM ET)
Today's Range
$176.01
$183.95
50-Day Range
$179.48
$200.98
52-Week Range
$129.79
$203.00
Volume
1.20 million shs
Average Volume
1.38 million shs
Market Capitalization
$43.05 billion
P/E Ratio
9.97
Dividend Yield
1.20%
Price Target
$192.83

Nucor MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
6.7% Upside
$192.83 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
0.54mentions of Nucor in the last 14 days
Based on 40 Articles This Week
Insider Trading
Selling Shares
$7.31 M Sold Last Quarter
Proj. Earnings Growth
3.33%
From $12.93 to $13.36 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.

3.84 out of 5 stars

Basic Materials Sector

48th out of 173 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

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Nucor: Q1 Earnings Snapshot
Here's what Wall Street expects from Nucor's earnings report
Biden’s Tariffs Could Make This Steel Company a Steal
Nucor (NUE) to Release Quarterly Earnings on Monday
See More Headlines
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Company Calendar

Ex-Dividend for 2/9 Dividend
12/28/2023
Dividend Payable
2/09/2024
Ex-Dividend for 5/10 Dividend
3/27/2024
Last Earnings
4/22/2024
Today
4/23/2024
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
$192.83
High Stock Price Target
$240.00
Low Stock Price Target
$154.00
Potential Upside/Downside
+0.6%
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
$23.21 per share
Book Value
$89.99 per share

Miscellaneous

Free Float
238,444,000
Market Cap
$46.01 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. has shown consistent growth in its steel mills segment, producing a variety of steel products including hot-rolled, cold-rolled, and galvanized sheet steel products.
  • The company's diversified operations across steel mills, steel products, and raw materials segments provide a stable revenue stream and potential for growth.
  • Nucor Co. engages in steel trading and rebar distribution businesses, tapping into different market segments and enhancing its market presence.
  • Recent developments in the company's product offerings, such as steel joists, steel decks, and galvanized torque tubes for solar arrays, indicate a focus on innovation and adapting to market demands.
  • Considering the current stock price and market trends, Nucor Co. presents a promising investment opportunity in the steel industry.

Cons

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

  • Volatility in steel prices and market demand can impact Nucor Co.'s financial performance, leading to fluctuations in revenue and profitability.
  • The steel industry is highly competitive, with global market dynamics influencing pricing and demand, posing challenges for Nucor Co.'s growth and market share.
  • Uncertainties in raw material prices, especially for products like direct reduced iron (DRI), can affect the company's production costs and margins.
  • Market conditions and economic factors, such as trade policies and infrastructure spending, can impact Nucor Co.'s business operations and financial results.
  • Investors should carefully monitor industry trends and macroeconomic indicators to assess the risks associated with investing in Nucor Co. and make informed decisions.
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 Saturday, April 13, 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 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 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 equities research analysts have issued 1 year price objectives for Nucor's shares. Their NUE share price targets range from $154.00 to $240.00. On average, they predict the company's share price to reach $192.83 in the next twelve months. This suggests a possible upside of 6.7% 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 stock has increased by 3.9% and is now trading at $180.77.
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 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) announced its earnings results on Monday, April, 22nd. The basic materials company reported $3.46 EPS for the quarter, missing analysts' consensus estimates of $3.62 by $0.16. The basic materials company earned $8.14 billion during the quarter, compared to analyst estimates of $8.26 billion. Nucor had a net margin of 13.03% and a trailing twelve-month return on equity of 21.42%. The firm's quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.45 EPS.

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

Nucor announced 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 1.19%. 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 1.13%. 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 16.17% 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 of Directors has approved a share buyback program on Thursday, May 11th 2023, which allows the company to buyback $4,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 11.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

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

Nucor updated 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 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 institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.29%), Global Assets Advisory LLC (0.19%), Raymond James & Associates (0.08%), Raymond James Financial Services Advisors Inc. (0.07%), Allspring Global Investments Holdings LLC (0.06%) and Portman Square Capital LLP (0.00%). 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.
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This page (NYSE:NUE) was last updated on 4/23/2024 by MarketBeat.com Staff

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