Free Trial

Nucor (NUE) Stock Price, News & Analysis

$143.21
-0.38 (-0.26%)
(As of 03:08 PM ET)
Today's Range
$142.30
$144.75
50-Day Range
$137.77
$166.14
52-Week Range
$133.42
$203.00
Volume
500,433 shs
Average Volume
1.45 million shs
Market Capitalization
$34.34 billion
P/E Ratio
8.42
Dividend Yield
1.51%
Price Target
$195.00

Nucor MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
36.5% Upside
$195.00 Price Target
Short Interest
Healthy
1.89% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.65mentions of Nucor in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$1.38 M Sold Last Quarter
Proj. Earnings Growth
18.89%
From $9.95 to $11.83 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.94 out of 5 stars

Basic Materials Sector

1st out of 179 stocks

Blast Furnaces & Steel Mills Industry

1st out of 13 stocks

NUE stock logo

About Nucor Stock (NYSE:NUE)

Nucor Corporation engages in manufacture and sale of 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 structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and 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 steel joists and joist girders, steel decks, and galvanized torque tubes for used in solar arrays, hollow structural section steel tubing, electrical conduit, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded metal, wire and wire mesh, metal building systems, insulated metal panels, steel racking, overhead doors, and utility towers and structures for communications and energy transmission. This segment is also involved 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; processes ferrous and nonferrous scrap metal; and engages in the natural gas production and industrial gas business. 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. It markets its products through in-house sales force; and internal distribution and trading companies. Nucor Corporation was founded in 1905 and is headquartered in Charlotte, North Carolina.

NUE Stock Price History

NUE Stock News Headlines

Seaport Global Sticks to Its Buy Rating for Nucor (NUE)
Prepare for a Recession Unlike Any Other
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Brokerages Set Nucor Co. (NYSE:NUE) Price Target at $195.00
Nucor Announces 206th Consecutive Cash Dividend
Nucor Corp (NUE) Shares Down 4.26% on Sep 11
Nucor (NYSE:NUE) Stock Rating Upgraded by JPMorgan Chase & Co.
Prepare for a Recession Unlike Any Other
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Nucor Corp. stock rises Monday, outperforms market
2 Top Steel Stocks to Buy in September
Nucor Corp. stock rises Friday, outperforms market
Bank of America Securities Sticks to Its Buy Rating for Nucor (NUE)
See More Headlines
Receive NUE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Nucor and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 8/9 Dividend
6/28/2024
Last Earnings
7/22/2024
Dividend Payable
8/09/2024
Today
9/16/2024
Ex-Dividend for 11/8 Dividend
9/27/2024
Next Earnings (Estimated)
10/28/2024
Dividend Payable
11/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel
CUSIP
67034610
Employees
32,000
Year Founded
1958

Price Target and Rating

Average Stock Price Target
$195.00
High Stock Price Target
$240.00
Low Stock Price Target
$174.00
Potential Upside/Downside
+35.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$4.52 billion
Pretax Margin
14.53%

Debt

Sales & Book Value

Annual Sales
$32.69 billion
Cash Flow
$24.18 per share
Book Value
$89.99 per share

Miscellaneous

Free Float
238,659,000
Market Cap
$34.49 billion
Optionable
Optionable
Beta
1.55

Social Links

20 High-Yield Dividend Stocks that Could Ruin Your Retirement Cover

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report

Should I Buy Nucor Stock? NUE Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Nucor Co.:

  • Nucor Co.'s stock price is currently trading at a discount, presenting a potential buying opportunity for investors looking for value.
  • Nucor Co. reported strong quarterly earnings, surpassing analyst expectations, indicating a healthy financial performance.
  • The company has a solid return on equity of 15.69%, showcasing efficient utilization of shareholder funds to generate profits.
  • Nucor Co. pays a quarterly dividend with a dividend yield of 1.42%, providing investors with a steady income stream.
  • Analysts have a positive outlook on Nucor Co., with a consensus rating of "Moderate Buy" and a target price above the current trading level, suggesting potential price appreciation.

Cons

Investors should be bearish about investing in Nucor Co. for these reasons:

  • Nucor Co.'s stock has been trading lower, indicating potential market concerns or negative sentiment towards the company.
  • The company's revenue in the recent quarter was down 15.2% compared to the same period last year, signaling a decline in top-line growth.
  • Some analysts have revised their price targets lower for Nucor Co., suggesting a cautious stance on the stock's future performance.
  • Insider selling activity has been observed, with an executive vice president selling a significant number of shares, potentially signaling lack of confidence from within the company.
  • The company's debt-to-equity ratio of 0.26 may raise concerns about its leverage levels and financial stability in challenging economic conditions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 10, 2024. Please send any questions or comments about these Nucor pros and cons to contact@marketbeat.com.

NUE Stock Analysis - Frequently Asked Questions

How have NUE shares performed this year?

Nucor's stock was trading at $174.04 on January 1st, 2024. Since then, NUE shares have decreased by 17.9% and is now trading at $142.90.
View the best growth stocks for 2024 here
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) posted its quarterly earnings data on Monday, July, 22nd. The basic materials company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.37. The firm's quarterly revenue was down 15.2% compared to the same quarter last year.
Read the conference call transcript
.

Is Nucor doing a stock buyback?

Nucor's board initiated a stock buyback plan on Thursday, May 11th 2023, which authorizes the company to repurchase $4,000,000,000 in shares, according to EventVestor. This means that the company could buy up to 11.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Does Nucor have any subsidiaries?

The following companies are subsidiaries of Nucor: Corporacion POK SA de CV, St. Louis Cold Drawn Inc, Vulcraft-Omega, Republic Conduit, Southland Tube Inc, Independence Tube Corporation, Joy Global - Steel Plate mill, and others.

Who are Nucor's major shareholders?

Top institutional shareholders of Nucor include Dimensional Fund Advisors LP (1.63%), Pacer Advisors Inc. (1.20%), Legal & General Group Plc (0.90%) and Bank of New York Mellon Corp (0.65%). Insiders that own company stock include David A Sumoski, Leon J Topalian, Douglas J Jellison, Daniel R Needham, Kenneth Rex Query, Allen C Behr, Stephen D Laxton, Gregory J Murphy, John J Hollatz, Michael D Keller and Maryemily Slate.
View institutional ownership trends
.

How do I buy shares of Nucor?

Shares of NUE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nucor own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nucor investors own include AT&T (T), AbbVie (ABBV), NVIDIA (NVDA), Cisco Systems (CSCO), Exxon Mobil (XOM), Johnson & Johnson (JNJ) and Intel (INTC).

This page (NYSE:NUE) was last updated on 9/16/2024 by MarketBeat.com Staff

From Our Partners