NYSE:NUENucor Stock Price, Forecast & News

$42.26

-0.29 (-0.68 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$41.33

Now: $42.26▼

$42.39

50-Day Range

$35.51

MA: $39.35▼

$43.10

52-Week Range

$27.52

Now: $42.26▼

$58.70

Volume3.73 million shs

Average Volume2.04 million shs

Market Capitalization$12.73 billion

P/E Ratio16.38

Dividend Yield3.81%

Beta1.44

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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Nucor has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $51.08, Nucor has a potential upside of 20.9% from its current price of $42.26.
Amount of Analyst Coverage
Nucor has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Nucor has received 643 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Nucor has received 604 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Nucor has received 51.56% “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.

5.0 Dividend Strength

Dividend Leadership
Nucor is a leading dividend payer. It pays a dividend yield of 3.81%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Nucor has been increasing its dividend for 46 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 50.63 % next year. This indicates that Nucor will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nucor insiders have not sold or bought any 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.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Nucor are expected to grow by 81.71% in the coming year, from $1.75 to $3.18 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nucor is 16.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nucor is 16.38, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 22.45.
Price to Earnings Growth Ratio
Nucor has a PEG Ratio of 2.01. 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 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.87 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

Debt

Debt-to-Equity Ratio0.40

Current Ratio3.54

Quick Ratio1.79

Price-To-Earnings

Trailing P/E Ratio16.38

Forward P/E Ratio24.15

P/E Growth2.01

Sales & Book Value

Annual Sales$22.59 billion

Price / Sales0.56

Cash Flow$6.78 per share

Price / Cash Flow6.23

Book Value$35.59 per share

Price / Book1.19

Profitability

EPS (Most Recent Fiscal Year)$4.31

Net Income$1.27 billion

Net Margins3.57%

Return on Equity10.52%

Return on Assets6.20%

Miscellaneous

Employees26,800

Outstanding Shares301,140,000

Market Cap$12.73 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 (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NUE shares have increased by 19.3% and is now trading at $42.26. 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 quarterly earnings data on Tuesday, April, 28th. The basic materials company reported $0.99 earnings per share for the quarter, beating the Zacks' 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 return on equity of 10.52% and a net margin of 3.57%. The firm's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.55 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 Tuesday, February 18th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.4025 per share on Monday, May 11th. This represents a $1.61 annualized dividend and a dividend yield of 3.81%. 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 initiated a stock repurchase program on Thursday, September 6th 2018, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 10% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its stock is undervalued.

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

Nucor issued an update on 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 equities research analysts have issued 1-year price objectives for Nucor's stock. Their forecasts range from $37.00 to $71.00. On average, they expect Nucor's stock price to reach $51.08 in the next year. This suggests a possible upside of 20.9% from the stock's current price. View analysts' price targets for Nucor.

Has Nucor been receiving favorable news coverage?

News articles about NUE stock have trended negative on Monday, according to InfoTrie. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Nucor earned a media sentiment score of -2.5 on InfoTrie's scale. They also assigned news headlines about the basic materials company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutNucor.

Who are some of Nucor's key competitors?

Some companies that are related to Nucor include Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Cleveland-Cliffs (CLF), Commercial Metals (CMC), Worthington Industries (WOR), United States Steel (X), Carpenter Technology (CRS), Allegheny Technologies (ATI), AK Steel (AKS), 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 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 variety of retail and institutional investors. Top institutional investors 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 institutional 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 institutional 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 $42.26.

How big of a company is Nucor?

Nucor has a market capitalization of $12.73 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 6/1/2020 by MarketBeat.com Staff