NUE - Nucor Corporation

NYSE - NYSE Delayed Price. Currency in USD
55.56
+0.33 (+0.60%)
At close: 4:00PM EDT
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Previous Close55.23
Open55.37
Bid0.00 x 800
Ask55.74 x 1000
Day's Range55.10 - 56.38
52 Week Range47.13 - 68.84
Volume1,863,735
Avg. Volume2,518,300
Market Cap16.934B
Beta (3Y Monthly)1.66
PE Ratio (TTM)6.97
EPS (TTM)7.97
Earnings DateJul 18, 2019
Forward Dividend & Yield1.60 (2.90%)
Ex-Dividend Date2019-06-27
1y Target Est61.04
Trade prices are not sourced from all markets
  • Nucor (NUE) to Report Q2 Earnings: What's in the Cards?
    Zacks17 hours ago

    Nucor (NUE) to Report Q2 Earnings: What's in the Cards?

    Our proven model does not show that Nucor (NUE) is likely to beat the Zacks Consensus Estimate this quarter.

  • What to Expect From Nucor’s Q2 Earnings This Week
    Market Realist17 hours ago

    What to Expect From Nucor’s Q2 Earnings This Week

    Nucor is scheduled to release its second-quarter earnings on Thursday. The company has seen an upwards price action of 7.4% year-to-date.

  • 13 Super-Safe Dividend Stocks to Buy Now
    Kiplinger2 days ago

    13 Super-Safe Dividend Stocks to Buy Now

    The stock market's major indices are at or near all-time highs, and as stocks go up, dividend yields go down. As a result, many of the best dividend stocks to buy right now sport relatively modest yields.That's OK. Because your focus also should be on dividend safety and payout growth that will enhance your yield over time.Not every stock has been caught up in 2019's surge to new peaks. GameStop (GME), CenturyLink (CTL), Vodafone (VOD), Pitney Bowes (PBI), L Brands (LB), Deutsche Bank (DB) - all of these well-known companies have either cut or outright suspended their dividends this year. Those moves were a blow to all existing shareholders, but especially those who were relying on the income from these sometimes generous dividend payers to tackle regular expenses in retirement.How do you ensure the dividend stocks you're invested in won't do the same? One way is to monitor the DIVCON system from exchange-traded fund provider Reality Shares. DIVCON's methodology uses a five-tier rating to provide a snapshot of companies' dividend health, where DIVCON 5 indicates the highest probability for a dividend increase, and DIVCON 1 the highest probability for a dividend cut. And within each of these ratings is a composite score determined by cash flow, earnings, stock buybacks and other factors.These are 13 of the safest dividend stocks to buy right now. Each stock has not only achieved a DIVCON 5 score, but a composite score within the top 15 of all stocks that DIVCON has evaluated. This makes them the crème de la crème of dividend safety - and more likely to keep the dividend increases coming going forward. SEE ALSO: 25 Stocks Every Retiree Should Own

  • US Steel Companies Might Get Another Lifeline from Trump
    Market Realist2 days ago

    US Steel Companies Might Get Another Lifeline from Trump

    Trump is reportedly planning to increase the content of US-made steel in federal projects, which would be a lifeline for US steel companies.

  • China’s Steel Exports Fall, but Industry Woes Continue
    Market Realist5 days ago

    China’s Steel Exports Fall, but Industry Woes Continue

    On Friday, China released its June trade data. Its steel capacity and steel exports have been a challenge for the global industry.

  • Earnings Preview: Nucor (NUE) Q2 Earnings Expected to Decline
    Zacks6 days ago

    Earnings Preview: Nucor (NUE) Q2 Earnings Expected to Decline

    Nucor (NUE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • US Steel Companies Announce Price Hikes
    Market Realist7 days ago

    US Steel Companies Announce Price Hikes

    According to S&P; Global Platts, Nucor (NUE) announced a price increase of $40 per short ton. The price hike will be applicable immediately.

  • Where Will AK Steel Be in 1 Year?
    Motley Fool7 days ago

    Where Will AK Steel Be in 1 Year?

    The domestic steelmaker still has a long way to go on its balance sheet, so shareholders better hope the economy stays strong.

  • Barrons.com7 days ago

    Honeywell International Stock and Nucor Both Benefit From This Trend

    Jefferies thinks factory automation is an investible theme. Automation is one reason the broker likes shares of Honeywell, maker of many productivity solutions for industrial businesses. But strangely, Jefferies also recommends shares of steelmaker Nucor because of the same automation trends.

  • What Is GAAP?
    Motley Fool8 days ago

    What Is GAAP?

    The set of generally acceptable accounting principles that guides financial reporting in the U.S. is a big reason investors can have confidence in American capital markets.

  • U.S. Raw Steel Output Ticks Down, Capacity Remains Below 80%
    Zacks8 days ago

    U.S. Raw Steel Output Ticks Down, Capacity Remains Below 80%

    Capacity utilization, a key metric in the steel industry, remained below the important 80% level for the second straight week.

  • 3 Charts That Suggest Steel Stocks Will Struggle
    Investopedia8 days ago

    3 Charts That Suggest Steel Stocks Will Struggle

    Steel stocks have traded within a downtrend for most of the past 12 months. Based on these charts, the story will likely continue.

  • Markit8 days ago

    See what the IHS Markit Score report has to say about Nucor Corp.

    Nucor Corp NYSE:NUEView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for NUE with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting NUE. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $5.41 billion over the last one-month into ETFs that hold NUE are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. NUE credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • The Trump Tariff Twist That Has Cost U.S. Steel $5.6 Billion
    Bloomberg9 days ago

    The Trump Tariff Twist That Has Cost U.S. Steel $5.6 Billion

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump’s tariffs on foreign steel have sped the decline of some of the U.S. mills he vowed to help.Exuberance over the levies dramatically boosted U.S. output just as the global economy was cooling, undercutting demand. That dropped prices, creating a stark divide between companies like Nucor Corp., which use cheaper-to-run electric-arc furnaces to recycle scrap into steel products, and those including U.S. Steel Corp. with more costly legacy blast furnaces.Since Trump announced the tariffs 16 months ago, U.S. Steel has lost almost 70% of its market value, or $5.6 billion, and idled two American furnaces in mid-June that couldn’t be run profitably at the lowest prices since 2016. Meanwhile, Nucor, down around 20%, has touted $2.5 billion in expansion projects.The president’s actions likely “sped up” up an unavoidable “evolution,” said Nucor Chief Executive Officer John Ferriola in an interview last month. “Are some companies going to suffer? Absolutely. We’ll we see some capacity go away, I’m sure of it."Last July, Trump stood on a makeshift stage at a U.S. Steel mill in Granite City, Illinois, and beamed as workers cheered the tariffs. At that point, the company had already restarted one of two blast furnaces at Granite City, and vowed the second would soon be brought online.“Workers are back on the job, and we’re once again pouring new American steel into the spine of our country,” Trump said during the hour-long program. “U.S. Steel is back.”Since then, though, there’s been a somewhat different outcome.With the stronger steelmakers aggressively boosting capacity to grab market share, a dip in demand has left older, more costly blast furnaces at U.S. Steel and AK Steel Holding Corp. struggling to compete, even with foreign steel nudged out of the equation.“Be careful what you wish for,” said Timna Tanners, an analyst at Bank of America who has dubbed the industry’s push to add capacity without enough demand “Steelmageddon.” She called it “ironic” that the tariffs are “punishing some steel companies.”A spokeswoman at U.S. Steel declined to comment while AK Steel said its products have little overlap with EAFs, and that the additional capacity will further pressure imports.As expected, the tariffs reduced steel imports, creating more demand in 2018 and boosting profits. With that cash in hand, added money from Trump’s corporate tax cut and confidence that protectionism is here to stay, domestic producers began adding more capacity than they would have otherwise.The problem: This year, with the global economy cooling, demand -- and prices -- have fallen. That’s given an added incentive to EAF companies with superior profit margins and balance sheets to aggressively grab a bigger share of the market.“Not all plants are the same,” said Mark Millett, CEO of Steel Dynamics Inc., who in November announced a new $1.8 billion EAF mill to be built in the U.S. southwest. “Not all projects are the same.”Suppliers to blast furnaces are sounding the alarm. In laying out his vision for iron-ore miner Cleveland-Cliffs Inc. at a recent conference, CEO Lourenco Goncalves painted a bleak future for what makes up the overwhelming majority of his current customers.That’s why Cliffs is investing $830 million in a Toledo, Ohio-based plant that will produce hot briquetted iron for electronic-arc furnaces run by firms such as Nucor, Goncalves said. They invested in the plant because “we were able to see the future of steelmaking in the United States,” Goncalves said in New York last month.Many “blast furnaces will shut down,” he added.U.S. Steel is trying to show investors it can move past its legacy blast furnaces. In February, it announced the restart of construction on an EAF facility in Alabama. And in May, the company said it would spend $1 billion upgrading facilities in Pennsylvania to produce more high-strength steel for the automotive industry.“Less efficient capacity should go away, but there is no guarantee that it permanently goes away,” Bank of America’s Tanners said. “It probably doesn’t go down without a fight.”(Updates market value decline in headline, third paragraph.)\--With assistance from Shawn Donnan.To contact the reporters on this story: Matt Townsend in New York at mtownsend9@bloomberg.net;Joe Deaux in New York at jdeaux@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Reg Gale, Joe RichterFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Trump’s Tariffs Are Reshaping the US Steel Industry
    Market Realist9 days ago

    Trump’s Tariffs Are Reshaping the US Steel Industry

    Life has come full circle for US steelmakers. U.S. Steel Corporation announced the curtailment of two blast furnaces last month.

  • PR Newswire15 days ago

    Nucor Invites You to Join Its Second Quarter of 2019 Conference Call on the Web

    CHARLOTTE, N.C. , July 2, 2019 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) second quarter earnings release, you are invited to listen to its live conference call with host John Ferriola , Chairman, ...

  • Is Nucor Corporation (NYSE:NUE) Worth US$55.10 Based On Its Intrinsic Value?
    Simply Wall St.16 days ago

    Is Nucor Corporation (NYSE:NUE) Worth US$55.10 Based On Its Intrinsic Value?

    How far off is Nucor Corporation (NYSE:NUE) from its intrinsic value? Using the most recent financial data, we'll take...

  • US Steel Industry Outlook: Will June’s Momentum Continue?
    Market Realist16 days ago

    US Steel Industry Outlook: Will June’s Momentum Continue?

    The US steel industry had a somber start to the year, and the sell-off only deepened as the year progressed.

  • US Steel Imports Down on Tariffs, Market Share Falls in May
    Zacks19 days ago

    US Steel Imports Down on Tariffs, Market Share Falls in May

    U.S. steel imports dropped roughly 12% year to date under the weight of steep tariffs which the Trump administration imposed a year ago.

  • Have Steel Companies Gone through the Roof Like Trump Says?
    Market Realist20 days ago

    Have Steel Companies Gone through the Roof Like Trump Says?

    In an interview with Fox, President Donald Trump said that US "steel companies are going through the roof" after Section 232 tariffs that were imposed last year. However, U.S. Steel (X), AK Steel (AKS), Nucor (NUE), and Steel Dynamics (STLD) fell to 52-week lows last month, respectively.

  • Record China Output Drives Steel Production: What's Ahead?
    Zacks20 days ago

    Record China Output Drives Steel Production: What's Ahead?

    China's steel output shot up to a new record high of 89.1 Mt in May, highlighting continued demand for steel consumption in the country.

  • G20 Week: Trade Wars Are Anything but Easy to Win
    Market Realist21 days ago

    G20 Week: Trade Wars Are Anything but Easy to Win

    In March 2018, US President Donald Trump tweeted, “Trade wars are good, and easy to win.” The basic premise behind this assumption is the massive trade deficit that the US runs with almost every major trading partner.

  • Benzinga21 days ago

    Nucor Raises Prices On Sheet Metal: Why It Matters For The Steel Industry

    American steel company Nucor Corporation (NYSE: NUE ) is raising steel prices this week, and analysts are mixed on whether or not Nucor is a buy. What Happened Nucor announced  Tuesday that it's upping ...

  • Nucor CEO talks strategy for continued growth during investors' event
    American City Business Journals27 days ago

    Nucor CEO talks strategy for continued growth during investors' event

    Nucor Corp. hosted its 2019 Investor Day in New York on Thursday, projecting its vision for continued growth through investments on the heels of a strong first quarter and record-breaking 2018. John Ferriola, CEO of the Charlotte-based steel manufacturer, said the company has budgeted $3.45 billion in “strategic growth investments.” The projects are expected to start up between this year and late 2022.  Several of the projects involved a desire for “moving up the value chain,” at the company’s Hickman, Arkansas, sheet facility. A $230 million specialty cold mill complex is now starting up there, while a $240 million hot band galvanizing line is targeted for completion in mid-2021.  Jim Frias, Nucor executive vice president and chief financial officer, also laid out a goal of returning a minimum of 40% of earnings to shareholders through more growth, which the expansion projects can potentially provide.