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NYSE:NUE

Nucor Stock Forecast, Price & News

$102.51
+1.71 (+1.70 %)
(As of 05/14/2021 12:00 AM ET)
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Today's Range
$99.38
$102.94
50-Day Range
$69.47
$101.98
52-Week Range
$36.80
$103.98
Volume3.97 million shs
Average Volume3.19 million shs
Market Capitalization$30.62 billion
P/E Ratio72.70
Dividend Yield1.61%
Beta1.33
30 days | 90 days | 365 days | Advanced Chart
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Nucor logo

About Nucor

Nucor Corporation manufactures and sells steel and steel products. It operates through 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, hot briquetted iron, and DRI; 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 headquartered in Charlotte, North Carolina.

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Industry, Sector and Symbol

Industry Blast furnaces & steel mills
Sub-IndustrySteel
CUSIP67034610
Phone704-366-7000
Employees26,400
Year Founded1958

Sales & Book Value

Annual Sales$22.59 billion
Cash Flow$12.26 per share
Book Value$35.59 per share

Profitability

Net Income$1.27 billion

Debt

Price-To-Earnings

Miscellaneous

Market Cap$30.62 billion
Next Earnings Date7/22/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

2.38 out of 5 stars

Basic Materials Sector

10th out of 867 stocks

Blast Furnaces & Steel Mills Industry

2nd out of 24 stocks

Analyst Opinion: 2.2Community Rank: 2.6Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Nucor (NYSE:NUE) Frequently Asked Questions

Is Nucor a buy right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last twelve months. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Nucor stock. 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 analyst ratings for Nucor
or view top-rated stocks.

What stocks does MarketBeat like better than Nucor?

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

Are investors shorting Nucor?

Nucor saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 3,750,000 shares, a decline of 15.0% from the March 31st total of 4,410,000 shares. Based on an average daily trading volume, of 3,110,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.3% of the company's shares are short sold.
View Nucor's Short Interest
.

When is Nucor's next earnings date?

Nucor is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for Nucor
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) announced its quarterly earnings results on Thursday, April, 22nd. The basic materials company reported $3.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $3.14 by $0.04. The basic materials company earned $7.02 billion during the quarter, compared to analysts' expectations of $7.39 billion. Nucor had a trailing twelve-month return on equity of 7.21% and a net margin of 2.15%. Nucor's quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share.
View Nucor's earnings history
.

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

Nucor's stock was trading at $35.43 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NUE shares have increased by 189.3% and is now trading at $102.51.
View which stocks have been most impacted by COVID-19
.

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

Nucor announced a quarterly dividend on Tuesday, February 23rd. Stockholders of record on Wednesday, March 31st will be given a dividend of $0.405 per share on Tuesday, May 11th. This represents a $1.62 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, March 30th.
View Nucor's dividend history
.

Is Nucor a good dividend stock?

Nucor pays an annual dividend of $1.62 per share and currently has a dividend yield of 1.61%. Nucor has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Nucor is 37.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Nucor will have a dividend payout ratio of 46.29% next year. This indicates that Nucor will be able to sustain or increase its dividend.
View Nucor's dividend history.

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

Nucor updated its second quarter earnings guidance on Thursday, April, 22nd. The company provided earnings per share (EPS) guidance of above $3.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.53.

What price target have analysts set for NUE?

10 equities research analysts have issued 1 year price objectives for Nucor's shares. Their forecasts range from $46.00 to $110.00. On average, they expect Nucor's share price to reach $68.91 in the next twelve months. This suggests that the stock has a possible downside of 32.8%.
View analysts' price targets for Nucor
or view top-rated stocks among Wall Street analysts.

Who are Nucor's key executives?

Nucor's management team includes the following people:
  • Mr. Leon J. Topalian, Pres, CEO & Director (Age 53, Pay $5.95M)
  • Mr. James D. Frias, CFO, Treasurer & Exec. VP (Age 64, Pay $5.34M) (LinkedIn Profile)
  • Mr. David A. Sumoski, COO and Exec. VP of Bar, Rebar Fabrication & Construction Services (Age 54, Pay $4.25M) (LinkedIn Profile)
  • Mr. Raymond S. Napolitan Jr., P.E, Exec. VP of Engineered Bar Products & Digital (Age 63, Pay $4.69M)
  • Mr. D. Chad Utermark, Exec. VP of Fabricated Construction Products (Age 52, Pay $4.5M) (LinkedIn Profile)
  • Paul Donnelly, Director of Investor Relations
  • Mr. Gregory J. Murphy, Exec. VP of Bus. Services & Gen. Counsel (Age 56)
  • John R. Bass, Gen. Mang. of Public Affairs
  • Katherine Miller, Director of Public Affairs
  • Donovan E. Marks, Gen. Mang. of HR

What is John J. Ferriola's approval rating as Nucor's CEO?

103 employees have rated Nucor CEO John J. Ferriola on Glassdoor.com. John J. Ferriola has an approval rating of 91% among Nucor's employees. This puts John J. Ferriola in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 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).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.25%), Bank of New York Mellon Corp (1.90%), Geode Capital Management LLC (1.74%), Northern Trust Corp (1.54%), Dimensional Fund Advisors LP (1.53%) and Clearbridge Investments LLC (1.47%). Company insiders that own Nucor stock include Allen C Behr, Craig A Feldman, D Chad Utermark, David A Sumoski, Douglas J Jellison, James D Frias, John J Ferriola, Kenneth Rex Query, Ladd R Hall, Leon J Topalian, Michael D Keller, Raymond S Napolitan Jr and Raymond S Napolitan, Jr.
View institutional ownership trends for Nucor
.

Which institutional investors are selling Nucor stock?

NUE stock was sold by a variety of institutional investors in the last quarter, including Capital International Investors, Franklin Resources Inc., Dimensional Fund Advisors LP, Clearbridge Investments LLC, Geode Capital Management LLC, New York State Common Retirement Fund, Denali Advisors LLC, and Ensign Peak Advisors Inc. Company insiders that have sold Nucor company stock in the last year include Allen C Behr, Craig A Feldman, D Chad Utermark, David A Sumoski, Douglas J Jellison, James D Frias, Kenneth Rex Query, Leon J Topalian, Michael D Keller, Raymond S Napolitan Jr, and Raymond S Napolitan, Jr.
View insider buying and selling activity for Nucor
or view top insider-selling stocks.

Which institutional investors are buying Nucor stock?

NUE stock was bought by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Madison Asset Management LLC, BlackRock Inc., Mirae Asset Global Investments Co. Ltd., JPMorgan Chase & Co., Waratah Capital Advisors Ltd., Allianz Asset Management GmbH, and Envestnet Asset Management Inc..
View insider buying and selling activity for Nucor
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Nucor's stock price today?

One share of NUE stock can currently be purchased for approximately $102.51.

How much money does Nucor make?

Nucor has a market capitalization of $30.62 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.

How many employees does Nucor have?

Nucor employs 26,400 workers across the globe.

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.

When was Nucor founded?

Nucor was founded in 1958.

What is Nucor's official website?

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

Where are Nucor's headquarters?

Nucor is headquartered at 1915 REXFORD ROAD, CHARLOTTE NC, 28211.

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 5/16/2021 by MarketBeat.com Staff
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