NYSE:NUE

Nucor Stock Forecast, Price & News

$54.94

+1.24 (+2.31 %)

(As of 12/1/2020 03:59 PM ET)

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Today's Range

$54.91

Now: $54.94▼

$55.67

50-Day Range

$46.58

MA: $50.57▼

$56.42

52-Week Range

$27.52

Now: $54.94▼

$58.70

Volume87,172 shs

Average Volume2.37 million shs

Market Capitalization$16.59 billion

P/E Ratio38.96

Dividend Yield2.92%

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.

Beat the Market (BTM) Rank^™

1.2 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 $49.50, Nucor has a forecasted downside of 10.5% from its current price of $55.29.
Amount of Analyst Coverage
Nucor has only been the subject of 4 research reports in the past 90 days.

2.6 Community Rank

Outperform Votes
Nucor has received 645 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Nucor has received 614 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Nucor has received 51.23% “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 2.92%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Nucor has been increasing its dividend for 47 years.
Dividend Coverage
The dividend payout ratio of Nucor is 37.35%. 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 56.89% 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 $1,596,872.00 in company stock.
Percentage Held by Insiders
Only 1.39% of the stock of Nucor is held by insiders.
Percentage Held by Institutions
74.61% of the stock of Nucor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Nucor are expected to grow by 6.39% in the coming year, from $2.66 to $2.83 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nucor is 39.21, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 20.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nucor is 39.21, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 22.20.
Price to Earnings Growth Ratio
Nucor has a PEG Ratio of 1.47. 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 1.56. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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 Ratio38.96

Forward P/E Ratio20.65

P/E Growth1.47

Sales & Book Value

Annual Sales$22.59 billion

Price / Sales0.73

Cash Flow$7.94 per share

Price / Cash Flow6.92

Book Value$35.50 per share

Price / Book1.55

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$16.59 billion

Next Earnings Date1/26/2021 (Estimated)

OptionableOptionable

$54.94

+1.24 (+2.31 %)

(As of 12/1/2020 03:59 PM 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 56.6% and is now trading at $55.47.
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) announced its quarterly earnings data on Thursday, October, 22nd. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.10. The basic materials company earned $4.93 billion during the quarter, compared to analysts' expectations of $4.59 billion. Nucor had a return on equity of 7.21% and a net margin of 2.15%. The company's quarterly revenue was down 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS.
View Nucor's earnings history.

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

Nucor declared a quarterly dividend on Thursday, September 10th. Stockholders 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 annualized dividend and a yield of 2.90%. The ex-dividend date 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 earnings per share guidance of above $0.63 for the period, compared to the Thomson Reuters consensus estimate of $0.63.

What price target have analysts set for NUE?

11 equities research analysts have issued 12 month price targets for Nucor's shares. Their forecasts range from $41.00 to $65.00. On average, they expect Nucor's stock price to reach $49.50 in the next year. This suggests that the stock has a possible downside of 10.8%.
View analysts' price targets for Nucor.

Are investors shorting Nucor?

Nucor saw a drop in short interest in November. As of November 15th, there was short interest totaling 2,800,000 shares, a drop 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 presently 1.5 days. Approximately 0.9% of the company's shares 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 number 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 purchased 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 $55.47.

How big of a company is Nucor?

Nucor has a market capitalization of $16.75 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 12/1/2020 by MarketBeat.com Staff

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