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NYSE:NUENucor Stock Price, Forecast & News

$43.10
+1.59 (+3.83 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$42.21
Now: $43.10
$43.17
50-Day Range
$35.51
MA: $39.13
$42.50
52-Week Range
$27.52
Now: $43.10
$58.70
Volume2.25 million shs
Average Volume2.84 million shs
Market Capitalization$12.98 billion
P/E Ratio16.71
Dividend Yield3.88%
Beta1.45
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. 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 automotive, energy, agricultural, heavy equipment, and transportation sectors. 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 to general contractors, fabricators, distributors, and manufacturers. This segment also engages in the piling distribution business. The Raw Materials segment produces direct reduced iron (DRI); processes ferrous and nonferrous metals; 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 founded in 1940 and is based in Charlotte, North Carolina.
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Nucor logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.6Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.87 out of 5 stars


Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
SectorBasic Materials
CUSIP67034610
Phone704-366-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$22.59 billion
Cash Flow$7.41 per share
Book Value$35.19 per share

Profitability

Net Income$1.27 billion

Miscellaneous

Employees26,800
Market Cap$12.98 billion
Next Earnings Date7/16/2020 (Estimated)
OptionableOptionable

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Nucor (NYSE:NUE) Frequently Asked Questions

How has Nucor's stock been impacted by COVID-19 (Coronavirus)?

Nucor's stock was trading at $35.43 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NUE shares have increased by 21.6% and is now trading at $43.10. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Nucor?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Nucor.

When is Nucor's next earnings date?

Nucor is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for Nucor.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) issued its earnings results on Tuesday, April, 28th. The basic materials company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. The basic materials company had revenue of $5.62 billion for the quarter, compared to analysts' expectations of $5.40 billion. Nucor had a net margin of 3.57% and a return on equity of 10.52%. Nucor's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the business earned $1.55 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 Tuesday, February 18th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.4025 per share on Monday, May 11th. This represents a $1.61 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Monday, March 30th. View Nucor's dividend history.

How will Nucor's stock buyback program work?

Nucor announced that its Board of Directors has authorized a share buyback plan on Thursday, September 6th 2018, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 10% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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

Nucor updated its first quarter earnings guidance on Thursday, March, 19th. The company provided earnings per share (EPS) guidance of $0.95-1.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.84.

What price target have analysts set for NUE?

12 Wall Street analysts have issued 12 month price targets for Nucor's shares. Their forecasts range from $37.00 to $71.00. On average, they anticipate Nucor's share price to reach $51.08 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price. View analysts' price targets for Nucor.

Has Nucor been receiving favorable news coverage?

Press coverage about NUE stock has trended positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Nucor earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave news headlines about the basic materials company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutNucor.

Who are some of Nucor's key 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 NVIDIA (NVDA), AT&T (T), Home Depot (HD), AbbVie (ABBV), Cisco Systems (CSCO), Exxon Mobil (XOM), Walt Disney (DIS), Johnson & Johnson (JNJ), Alibaba Group (BABA) and JPMorgan Chase & Co. (JPM).

Who are Nucor's key executives?

Nucor's management team includes the following people:
  • Mr. John J. Ferriola, Chairman, CEO & Pres (Age 66)
  • Mr. James D. Frias, CFO, Treasurer & Exec. VP (Age 62)
  • Mr. Ladd R. Hall, Exec. VP of Flat-Rolled Products (Age 62)
  • Mr. R. Joseph Stratman, Chief Digital Officer & Exec. VP (Age 62)
  • Mr. Raymond S. Napolitan Jr., P.E, Exec. VP of Engineered Bar Products (Age 61)

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.51%), State Street Corp (6.13%), Bank of New York Mellon Corp (2.07%), Clearbridge Investments LLC (1.96%), Geode Capital Management LLC (1.78%) and Legal & General Group Plc (0.78%). Company insiders that own Nucor stock include D Chad Utermark, David A Sumoski, John J Ferriola, Ladd R Hall, Leon J Topalian, Raymond S Napolitan Jr and Victoria F Haynes. 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 Franklin Resources Inc., Ceredex Value Advisors LLC, Lord Abbett & CO. LLC, Deutsche Bank AG, State Street Corp, Prudential PLC, Clearbridge Investments LLC, and Sabal Trust CO. Company insiders that have sold Nucor company stock in the last year include John J Ferriola, Ladd R Hall, Leon J Topalian, and Raymond S Napolitan Jr. View insider buying and selling activity for Nucor.

Which major investors are buying Nucor stock?

NUE stock was purchased by a variety of institutional investors in the last quarter, including Capital International Investors, Bank of New York Mellon Corp, Geode Capital Management LLC, APG Asset Management N.V., Advisor Group Holdings Inc., Poplar Forest Capital LLC, Ziegler Capital Management LLC, and American International Group Inc.. 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 $43.10.

How big of a company is Nucor?

Nucor has a market capitalization of $12.98 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 5/27/2020 by MarketBeat.com Staff

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