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.

Overall MarketRank^™

2.37 out of 5 stars

Basic Materials Sector

13th out of 855 stocks

Blast Furnaces & Steel Mills Industry

2nd out of 24 stocks

2.2 Analyst's Opinion

Consensus Rating
Nucor has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 4 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $63.55, Nucor has a forecasted downside of 35.7% from its current price of $98.76.
Amount of Analyst Coverage
Nucor has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Nucor has received 656 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Nucor has received 621 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Nucor has received 51.37% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Nucor and other stocks. Vote “Outperform” if you believe NUE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe NUE will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Yield
Nucor pays a meaningful dividend of 1.64%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Nucor has been increasing its dividend for 48 years.
Dividend Coverage
The dividend payout ratio of Nucor is 37.59%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
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.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nucor insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $19,368,166.00 in company stock.
Percentage Held by Insiders
Only 1.39% of the stock of Nucor is held by insiders.
Percentage Held by Institutions
75.12% of the stock of Nucor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Nucor are expected to grow by 8.70% in the coming year, from $3.22 to $3.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nucor is 70.04, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.22.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nucor is 70.04, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 31.71.
Price to Earnings Growth Ratio
Nucor has a PEG Ratio of 1.35. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Nucor has a P/B Ratio of 2.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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Nucor (NYSE:NUE) Frequently Asked Questions

Is Nucor a buy right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last twelve months. There are currently 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas 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.

Are investors shorting Nucor?

Nucor saw a drop in short interest in April. As of April 15th, there was short interest totaling 3,750,000 shares, a drop of 15.0% from the March 31st total of 4,410,000 shares. Based on an average trading volume of 3,110,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.3% of the shares of the stock are sold short.
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 earnings results on Thursday, April, 22nd. The basic materials company reported $3.10 EPS for the quarter, missing the consensus estimate of $3.14 by $0.04. The basic materials company earned $7.02 billion during the quarter, compared to analyst estimates of $7.39 billion. Nucor had a net margin of 2.15% and a trailing twelve-month return on equity of 7.21%. Nucor's revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 EPS.
View Nucor's earnings history.

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 178.7% and is now trading at $98.76.
View which stocks have been most impacted by COVID-19.

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

Nucor declared 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 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date 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 1.64%. 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 issued an update on its second quarter earnings guidance on Thursday, April, 22nd. The company provided earnings per share guidance of above $3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.53.

What price target have analysts set for NUE?

11 analysts have issued 12-month price targets for Nucor's shares. Their forecasts range from $46.00 to $86.00. On average, they anticipate Nucor's stock price to reach $63.55 in the next twelve months. This suggests that the stock has a possible downside of 35.7%.
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?

Some companies that are related to Nucor include Steel Dynamics (STLD), Reliance Steel & Aluminum (RS), Cleveland-Cliffs (CLF), United States Steel (X), Commercial Metals (CMC), Worthington Industries (WOR), Allegheny Technologies (ATI), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).
View all of NUE's 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.25%), Sumitomo Mitsui Trust Holdings Inc. (0.39%), Swiss National Bank (0.39%), Victory Capital Management Inc. (0.24%), PGGM Investments (0.22%) and Conning Inc. (0.22%). 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 major investors are selling Nucor stock?

NUE stock was sold by a variety of institutional investors in the last quarter, including Denali Advisors LLC, Ziegler Capital Management LLC, Standard Life Aberdeen plc, Bank of Nova Scotia, Conning Inc., Alliancebernstein L.P., Rhumbline Advisers, and Dean Investment Associates LLC. 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 major investors are buying Nucor stock?

NUE stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Envestnet Asset Management Inc., Sumitomo Mitsui Trust Holdings Inc., PGGM Investments, Fifth Third Bancorp, Decatur Capital Management Inc., Los Angeles Capital Management LLC, and Huntington National Bank.
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 $98.76.

How much money does Nucor make?

Nucor has a market capitalization of $29.50 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 5/10/2021 by MarketBeat.com Staff

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