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Nucor (NUE) Stock Price, News & Analysis

$138.79
-0.81 (-0.58%)
(As of 09/6/2024 ET)
Today's Range
$137.91
â–Ľ
$141.61
50-Day Range
$138.83
â–Ľ
$166.14
52-Week Range
$137.91
â–Ľ
$203.00
Volume
1.31 million shs
Average Volume
1.46 million shs
Market Capitalization
$33.28 billion
P/E Ratio
8.16
Dividend Yield
1.56%
Price Target
$194.43

Nucor MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
40.1% Upside
$194.43 Price Target
Short Interest
Healthy
1.95% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.96
Upright™ Environmental Score
News Sentiment
0.91mentions of Nucor in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.38 M Sold Last Quarter
Proj. Earnings Growth
19.98%
From $9.91 to $11.89 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.

4.97 out of 5 stars

Basic Materials Sector

2nd out of 180 stocks

Blast Furnaces & Steel Mills Industry

1st out of 12 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

Nucor Corp. stock falls Friday, still outperforms market
Nucor Corp. stock rises Friday, outperforms market
Why billionaires are wiring money to abandoned towns
A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution.
Bank of America Securities Sticks to Its Buy Rating for Nucor (NUE)
Nucor (NYSE:NUE) Raised to Strong-Buy at Argus
Why billionaires are wiring money to abandoned towns
A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution.
Nucor Corp. stock falls Monday, underperforms market
Nucor: Strong Q2 Performance Meets Cautionary Outlook for Q3
See More Headlines
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Company Calendar

Ex-Dividend for 8/9 Dividend
6/28/2024
Last Earnings
7/22/2024
Dividend Payable
8/09/2024
Today
9/07/2024
Next Earnings (Estimated)
10/28/2024
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
$194.43
High Stock Price Target
$240.00
Low Stock Price Target
$170.00
Potential Upside/Downside
+40.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
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
$21.16 per share
Book Value
$91.74 per share

Miscellaneous

Free Float
238,659,000
Market Cap
$33.28 billion
Optionable
Optionable
Beta
1.55

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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 Corporation engages in the manufacture and sale of steel and steel products, which are essential materials in various industries.
  • Nucor has a strong financial performance with a high annual revenue and net income, indicating a stable and profitable business model.
  • The company has a solid Return on Equity (ROE) and Dividend Yield, providing attractive returns for investors.
  • Nucor has a low Beta, indicating lower volatility compared to the market average, making it a less risky investment option.
  • The company has a competitive Price/Sales ratio and Forward P/E ratio, suggesting that the stock may be undervalued.

Cons

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

  • While Nucor has a strong financial performance, the steel industry is cyclical and subject to market fluctuations, which may impact the company's profitability.
  • Due to the nature of the industry, Nucor's stock price may be sensitive to changes in global economic conditions and trade policies.
  • Steel production involves high capital costs and is energy-intensive, which could lead to increased operating expenses for Nucor.
  • The company's stock price may be influenced by factors such as changes in steel prices, demand for steel products, and competition from other steel manufacturers.
  • Investors should consider the impact of environmental regulations and sustainability concerns on Nucor's operations and reputation.
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 Sunday, August 25, 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 at the beginning of 2024. Since then, NUE shares have decreased by 20.3% and is now trading at $138.79.
View the best growth stocks for 2024 here
.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) posted its earnings results 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 revenue was down 15.2% on a year-over-year basis.
Read the conference call transcript
.

Is Nucor doing a stock buyback?

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

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

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

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 more.

Who are Nucor's major shareholders?

Nucor's top institutional shareholders 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 9/7/2024 by MarketBeat.com Staff

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