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NYSE:NUE

Nucor Stock Forecast, Price & News

$55.53
+0.43 (+0.78 %)
(As of 12/3/2020 11:04 AM ET)
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Compare
Today's Range
$54.59
Now: $55.53▼
$55.56
50-Day Range
$46.58
MA: $50.78▼
$56.42
52-Week Range
$27.52
Now: $55.53▼
$58.70
Volume12,093 shs
Average Volume2.36 million shs
Market Capitalization$16.77 billion
P/E Ratio39.38
Dividend Yield2.93%
Beta1.35
Nucor Corporation manufactures and sells 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 products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and 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. The Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, 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 Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, DRI, and hot briquetted iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. 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. The company offers its products through its in-house sales forces; and internal distribution and trading companies. The company was incorporated in 1958 and is based in Charlotte, North Carolina.
Nucor logo

Beat the Market (BTM) Rank™

Analyst Opinion: 1.2Community Rank: 2.6Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.05 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Blast furnaces & steel mills
Sub-IndustrySteel
SectorBasic Materials
Current SymbolNYSE:NUE
Previous Symbol
CUSIP67034610
CIK73309
Webwww.nucor.com
Phone704-366-7000
Employees26,800

Debt

Debt-to-Equity Ratio0.51
Current Ratio3.78
Quick Ratio2.40

Price-To-Earnings

Trailing P/E Ratio39.38
Forward P/E Ratio20.88
P/E Growth1.47

Sales & Book Value

Annual Sales$22.59 billion
Price / Sales0.74
Cash Flow$8.02 per share
Price / Cash Flow6.92
Book Value$35.50 per share
Price / Book1.56

Profitability

EPS (Most Recent Fiscal Year)$4.31
Net Income$1.27 billion
Net Margins2.15%
Return on Equity7.21%
Return on Assets4.13%

Miscellaneous

Outstanding Shares301,929,000
Market Cap$16.77 billion
Next Earnings Date1/26/2021 (Estimated)
OptionableOptionable
$55.53
+0.43 (+0.78 %)
(As of 12/3/2020 11:04 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Nucor (NYSE:NUE) Frequently Asked Questions

How has Nucor's stock price been impacted by COVID-19?

Nucor's stock was trading at $35.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, NUE shares have increased by 54.4% and is now trading at $54.72.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Nucor?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Nucor or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Nucor?

Wall Street analysts have given Nucor a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Nucor wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Nucor's next earnings date?

Nucor is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for Nucor.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) posted its quarterly earnings data on Thursday, October, 22nd. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.53 by $0.10. The basic materials company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.59 billion. Nucor had a net margin of 2.15% and a return on equity of 7.21%. The company's revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 EPS.
View Nucor's earnings history.

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

Nucor announced a quarterly dividend on Thursday, September 10th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.4025 per share on Tuesday, November 10th. This represents a $1.61 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Tuesday, September 29th.
View Nucor's dividend history.

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

Nucor updated its fourth quarter earnings guidance on Thursday, October, 22nd. The company provided EPS guidance of above $0.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.63.

What price target have analysts set for NUE?

11 brokerages have issued 1-year price targets for Nucor's stock. Their forecasts range from $41.00 to $65.00. On average, they expect Nucor's stock price to reach $49.50 in the next twelve months. This suggests that the stock has a possible downside of 9.5%.
View analysts' price targets for Nucor.

Are investors shorting Nucor?

Nucor saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 2,800,000 shares, a decline of 14.1% from the October 31st total of 3,260,000 shares. Based on an average daily trading volume, of 1,860,000 shares, the short-interest ratio is currently 1.5 days. Approximately 0.9% of the shares of the company are sold short.
View Nucor's Short Interest.

Who are some of Nucor's key competitors?

Some companies that are related to Nucor include Steel Dynamics (STLD), Reliance Steel & Aluminum (RS), Cleveland-Cliffs (CLF), United States Steel (X), Worthington Industries (WOR), Commercial Metals (CMC), Allegheny Technologies (ATI), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).
View all competitors.

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), The Home Depot (HD), JPMorgan Chase & Co. (JPM) and The Walt Disney (DIS).

Who are Nucor's key executives?

Nucor's management team includes the following people:
  • Mr. Leon J. Topalian, Pres, CEO & Director (Age 52, Pay $1.67M)
  • Mr. James D. Frias, CFO, Treasurer & Exec. VP (Age 63, Pay $1.26M)
  • Mr. Raymond S. Napolitan Jr., P.E, Exec. VP of Engineered Bar Products & Digital (Age 62, Pay $1.63M)
  • Mr. D. Chad Utermark, Exec. VP of Fabricated Construction Products (Age 51, Pay $1.49M)
  • Mr. David A. Sumoski, Exec. VP of Bar, Rebar Fabrication & Construction Services (Age 53, Pay $1.49M)
  • Paul Donnelly, Director of Investor Relations
  • Gregory J. Murphy, VP & Gen. Counsel
  • John R. Bass, Gen. Mang. of Public Affairs
  • Donovan E. Marks, Gen. Mang. of HR
  • Mr. Craig A. Feldman, Exec. VP of Raw Materials (Age 55)

What is Nucor's stock symbol?

Nucor trades on the New York Stock Exchange (NYSE) under the ticker symbol "NUE."

Who are Nucor's major shareholders?

Nucor's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.93%), State Street Corp (6.36%), ProShare Advisors LLC (0.74%), Morgan Stanley (0.72%), Wells Fargo & Company MN (0.57%) and Charles Schwab Investment Management Inc. (0.51%). Company insiders that own Nucor stock include Allen C Behr, D Chad Utermark, David A Sumoski, John J Ferriola, Ladd R Hall, Leon J Topalian and Raymond S Napolitan Jr.
View institutional ownership trends for Nucor.

Which major investors are selling Nucor stock?

NUE stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, American International Group Inc., Allianz Asset Management GmbH, BlackRock Inc., Wells Fargo & Company MN, Caisse DE Depot ET Placement DU Quebec, Teacher Retirement System of Texas, and Ziegler Capital Management LLC. Company insiders that have sold Nucor company stock in the last year include Allen C Behr, D Chad Utermark, David A Sumoski, and Leon J Topalian.
View insider buying and selling activity for Nucor.

Which major investors are buying Nucor stock?

NUE stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, Toronto Dominion Bank, Great West Life Assurance Co. Can, Poplar Forest Capital LLC, Braun Stacey Associates Inc., Cibc World Markets Corp, Great West Life Assurance Co. Can, and Robeco Institutional Asset Management B.V..
View insider buying and selling activity for Nucor.

How do I buy shares of Nucor?

Shares of NUE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Nucor's stock price today?

One share of NUE stock can currently be purchased for approximately $54.72.

How big of a company is Nucor?

Nucor has a market capitalization of $16.52 billion and generates $22.59 billion in revenue each year. The basic materials company earns $1.27 billion in net income (profit) each year or $4.31 on an earnings per share basis. Nucor employs 26,800 workers across the globe.

What is Nucor's official website?

The official website for Nucor is www.nucor.com.

How can I contact Nucor?

Nucor's mailing address is 1915 REXFORD ROAD, CHARLOTTE NC, 28211. The basic materials company can be reached via phone at 704-366-7000.

This page was last updated on 12/3/2020 by MarketBeat.com Staff
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