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Nucor Corp. (NUE)
NYSE:NUE
Nucor (NUE) Stock Price & Analysis
2,370 Followers
NUE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$128.21 - $203.00
Previous Close$173.43
Volume1.25M
Average Volume (3M)1.31M
Market Cap
$41.58B
Enterprise Value$42.48B
Total Cash (Recent Filing)$7.13B
Total Debt (Recent Filing)$6.84B
Price to Earnings (P/E)10.2
Beta1.36
Next Earnings
Jul 18, 2024EPS Estimate
$3.36Last Dividend Ex-Date
Mar 27, 2024Dividend Yield1.19%
Share Statistics
EPS (TTM)17.00
Shares Outstanding239,761,770
10 Day Avg. Volume1,218,838
30 Day Avg. Volume1,307,567
Standard Deviation0.13
R-Squared0.43
Alpha0.01
Financial Highlights & Ratios
Price to Book (P/B)2.99
Price to Sales (P/S)5.40
Price to Cash Flow (P/CF)6.80
P/FCF Ratio6.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.22
Enterprise Value/Gross Profit5.44
Enterprise Value/Ebitda29.64
Forecast
1Y Price Target
$213.00Price Target Upside23.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Nucor News
Bulls Say, Bears Say
Bulls Say
Financial StrategyThe company maintains a strong liquidity position with more cash on hand than debt, signaling financial health and the ability to continue share buyback programs and evaluate strategic mergers and acquisitions.
Industry OutlookAn expected seasonal uptick in construction activity, coupled with a projected rise in infrastructure demand, is poised to benefit companies specialized in long steel and plate mills.
Investment RecommendationWith a solid track record of generating free cash flow and providing substantial capital returns to shareholders, the company receives a reiterated Buy rating from analysts.
Bears Say
Earnings MissNucor reported earnings per share significantly below the guidance they provided, which is concerning for a company known for its conservative financial estimates.
Financial GuidanceThe company's guidance indicates expectations for lower financial results in the coming quarter, aligning with the current trend of falling prices in their industry.
Price DeclineThe U.S. Hot-Rolled Coil steel price, a key indicator for the industry, has seen a substantial decline, which may signal pressure on the company's profitability.
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Ownership Overview
12.44% Insiders
22.37% Mutual Funds
51.40% Other Institutional Investors
13.79% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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NUE FAQ
What was Nucor Corp.’s price range in the past 12 months?
Nucor Corp. lowest stock price was $128.21 and its highest was $203.00 in the past 12 months.
What is Nucor Corp.’s market cap?
Currently, no data Available
When is Nucor Corp.’s upcoming earnings report date?
Nucor Corp.’s upcoming earnings report date is Jul 18, 2024 which is in 61 days.
How were Nucor Corp.’s earnings last quarter?
Nucor Corp. released its earnings results on Apr 22, 2024. The company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.669 by -$0.209.
Is Nucor Corp. overvalued?
According to Wall Street analysts Nucor Corp.’s price is currently Undervalued.
Does Nucor Corp. pay dividends?
Nucor Corp. pays a Quarterly dividend of $0.54 which represents an annual dividend yield of 1.19%. See more information on Nucor Corp. dividends here
What is Nucor Corp.’s EPS estimate?
Nucor Corp.’s EPS estimate is $3.36.
How many shares outstanding does Nucor Corp. have?
Nucor Corp. has 239,761,760 shares outstanding.
What happened to Nucor Corp.’s price movement after its last earnings report?
Nucor Corp. reported an EPS of $3.46 in its last earnings report, missing expectations of $3.669. Following the earnings report the stock price went down -8.866%.
Which hedge fund is a major shareholder of Nucor Corp.?
Among the largest hedge funds holding Nucor Corp.’s share is Fisher Asset Management LLC. It holds Nucor Corp.’s shares valued at 27M.
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Nucor Stock Smart Score
Neutral
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$213.00 (23.75% Upside)
$213.00 (23.75% Upside)
Blogger Sentiment
Bullish
NUE Sentiment 87%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 72.6K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $12.7M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.1%
Last 30 Days ▲ 2.6%
Last 30 Days ▲ 2.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
28.36%
12-Months-Change
Fundamentals
Return on Equity
21.23%
Trailing 12-Months
Asset Growth
5.23%
Trailing 12-Months
Company Description
Nucor Corp.
Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment comprises carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor's equity method investments. The Steel Products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating, tubular products businesses, piling products business, and wire and wire mesh. The Raw Materials segment consists direct reduced iron, and ferrous and nonferrous metals. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC.
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NUE Company Deck
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NUE Earnings Call
Q1 2024
0:00 / 0:00
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NUE Revenue Breakdown
26.35% Sheet
17.27% Bar
14.59% Other Steel Products
7.27% Plate
34.53% Other
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NUE Stock 12 Month Forecast
Average Price Target
$213.00
▲(23.75% Upside)
Technical Analysis
Best Analysts Covering NUE
1 Year
1 Year Success Rate
8/11 ratings generated profit
1 Year Average Return
+9.60%
assigned a buy rating 25 days ago
Copying Lawson Winder's trades and holding each position for 1 Year would result in 72.73% of your transactions generating a profit, with an average return of +9.60% per trade.
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