Nucor Corporation (NUE)
- Previous Close
174.64 - Open
175.00 - Bid 171.66 x 1000
- Ask 175.00 x 800
- Day's Range
171.96 - 178.28 - 52 Week Range
129.79 - 203.00 - Volume
2,586,686 - Avg. Volume
1,410,340 - Market Cap (intraday)
41.459B - Beta (5Y Monthly) 1.63
- PE Ratio (TTM)
10.16 - EPS (TTM)
17.01 - Earnings Date Jul 22, 2024 - Jul 26, 2024
- Forward Dividend & Yield 2.16 (1.24%)
- Ex-Dividend Date Mar 27, 2024
- 1y Target Est
190.06
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.
www.nucor.comRecent News: NUE
Performance Overview: NUE
Trailing total returns as of 4/24/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: NUE
Valuation Measures
Market Cap
41.91B
Enterprise Value
43.22B
Trailing P/E
10.27
Forward P/E
13.12
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
1.27
Price/Book (mrq)
2.03
Enterprise Value/Revenue
1.27
Enterprise Value/EBITDA
5.97
Financial Highlights
Profitability and Income Statement
Profit Margin
12.40%
Return on Assets (ttm)
10.95%
Return on Equity (ttm)
22.28%
Revenue (ttm)
34.14B
Net Income Avi to Common (ttm)
4.22B
Diluted EPS (ttm)
17.01
Balance Sheet and Cash Flow
Total Cash (mrq)
5.54B
Total Debt/Equity (mrq)
31.54%
Levered Free Cash Flow (ttm)
2.88B
Research Analysis: NUE
Company Insights: NUE
Fair Value
Dividend Score
Hiring Score
Insider Sentiment Score
Research Reports: NUE
Analyst Report: Nucor Corp.
Founded in 1940 and based in Charlotte, North Carolina, Nucor Corp. is a manufacturer of steel and steel products, and is North America's largest steel recycler. The company's main operating units are Steel Mills and Steel Products. Nucor has about 31,000 employees. The shares are a component of the S&P 500.
RatingPrice TargetMarket Digest: BX, GE, GPC, NUE, SAP, RTX, BMI, MSCI, CFG
The stock market is in a rough patch for the first time since the July to October period of last year. After the major indices hit their secondary highs on April 11 (the Nasdaq hit its all-time high that day), is has pretty much been 'down periscope.' Out of those trading six days, the S&P 500 (SPX), Nasdaq, and Nasdaq 100 (QQQ) have fallen between 0.9% and 2.1% on three (SPX) or four of those days. Despite the very steep downside slope of the Big 3, NYSE breadth actually bottomed on April 12 and 15, illustrating that the selling has been concentrated in Big Tech and the many stocks that were overly extended on a momentum basis.
Technical Assessment: Neutral in the Intermediate-Term
The consistent trend of higher yields across the entire curve starting on April 1 (with the S&P 500 closing high on March 28) has kept pressure on the stock market. On Tuesday, the two-year, five-year, and 10-year Treasury yields all hit recovery highs off their lows since late 2023/early 2024 and are not far from major highs hit in October 2023.
Technical Assessment: Neutral in the Intermediate-Term
Market trends often persist longer than most expect. That is why it can be a good idea for an investor to allocate capital toward the highest relative-strength opportunities. Over the long-term, this has made it very difficult to be a value investor. Back in the late 1970s, there were very few momentum investors, very few market technicians, and a whole lot of people in the financial world searching for value. Socks trading below book value, stocks trading for less than the cash on their balance sheet, and stocks trading for single-digit price/earnings ratios. It was a very different investment world.