Nucor (NUE) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $113.94 to $117.92
• 50-Day Range: $115.78 to $167.74
• 52-Week Range: $113.94 to $203.00
• Volume: 10.33 million shs
• Average Volume: 1.63 million shs
• Market Capitalization: $27.37 billion
• P/E Ratio: 11.26
• Dividend Yield: 1.89%
• Price Target: $173.75
• Consensus Rating: Moderate Buy

Nucor Stock Analysis - MarketRank™

Nucor scored higher than 99% of companies evaluated by MarketBeat, and ranked 3rd out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Nucor has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.

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.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.44%

Earnings Growth

Earnings for Nucor are expected to grow by 13.44% in the coming year, from $8.48 to $9.62 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nucor is 11.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nucor is 11.26, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 111.91.

Price to Book Value per Share Ratio

Nucor has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.15% of the float of Nucor has been sold short.

Short Interest Ratio / Days to Cover

Nucor has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nucor has recently decreased by 13.77%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Nucor pays a meaningful dividend of 1.74%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Nucor has been increasing its dividend for 51 years.

Dividend Coverage

The dividend payout ratio of Nucor is 21.26%. 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 22.87% next year. This indicates that Nucor will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -3.96

Percentage of Shares Shorted

2.15% of the float of Nucor has been sold short.

Short Interest Ratio / Days to Cover

Nucor has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Nucor has recently decreased by 13.77%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.03

News Sentiment

Nucor has a news sentiment score of 0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 36 news articles for Nucor this week, compared to 12 articles on an average week.

Search Interest

38 people have searched for NUE on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.

MarketBeat Follows

Only 15 people have added Nucor to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $4,773,724.00 in company stock.

Percentage Held by Insiders

Only 0.46% of the stock of Nucor is held by insiders.

Percentage Held by Institutions

76.48% of the stock of Nucor is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

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 the year. Since then, NUE shares have decreased by 33.0% and is now trading at $116.58.
View the best growth stocks for 2024 here.

How were Nucor's earnings last quarter?

Nucor Co. (NYSE:NUE) announced its quarterly earnings results on Monday, October, 21st. The basic materials company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.40 by $0.09. The business'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 authorized a stock buyback program on Thursday, May 11th 2023, which authorizes the company to buy back $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 buyback programs are generally an indication that the company's board believes its shares are undervalued.

Does Nucor have any subsidiaries?

Nucor subsidiaries include these companies: 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?

Top institutional investors of Nucor include State Street Corp (4.87%), Geode Capital Management LLC (2.50%), Pacer Advisors Inc. (1.47%) and FMR LLC (0.97%). 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 NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Tesla (TSLA) and Broadcom (AVGO).

Company Calendar

• Ex-Dividend for 11/8 Dividend: 9/27/2024
• Last Earnings: 10/21/2024
• Dividend Payable: 11/08/2024
• Today: 12/21/2024
• Ex-Dividend for 2/11 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 2/11/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Blast furnaces & steel mills
• Sub-Industry: Steel
• Current Symbol: NYSE:NUE
• CUSIP: 67034610
• CIK: 73309
• Web: www.nucor.com
• Phone: (704) 366-7000
• Fax: 704-362-4208
• Employees: 32,000
• Year Founded: 1958

Price Target and Rating

• Average Stock Price Target: $173.75
• High Stock Price Target: $200.00
• Low Stock Price Target: $156.00
• Potential Upside/Downside: +49.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.78
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $10.35
• Trailing P/E Ratio: 11.26
• Forward P/E Ratio: 13.75
• P/E Growth: N/A
• Net Income: $4.52 billion
• Net Margins: 8.05%
• Pretax Margin: 11.45%
• Return on Equity: 12.06%
• Return on Assets: 7.63%

Debt

• Debt-to-Equity Ratio: 0.26
• Current Ratio: 2.59
• Quick Ratio: 1.61

Sales & Book Value

• Annual Sales: $31.36 billion
• Price / Sales: 0.87
• Cash Flow: $21.55 per share
• Price / Cash Flow: 5.41
• Book Value: $89.99 per share
• Price / Book: 1.30

Miscellaneous

• Outstanding Shares: 234,813,000
• Free Float: 233,733,000
• Market Cap: $27.37 billion
• Optionable: Optionable
• Beta: 1.55