NUE - Nucor Corporation
| Previous Close | 62.14 |
| Open | 61.23 |
| Bid | 0.00 x 800 |
| Ask | 71.00 x 900 |
| Day's Range | 59.61 - 61.42 |
| 52 Week Range | 55.17 - 70.48 |
| Volume | 2,426,837 |
| Avg. Volume | 2,526,846 |
| Market Cap | 18.892B |
| Beta (3Y Monthly) | 1.55 |
| PE Ratio (TTM) | 9.19 |
| EPS (TTM) | 6.55 |
| Earnings Date | Jan 28, 2019 - Feb 1, 2019 |
| Forward Dividend & Yield | 1.52 (2.40%) |
| Ex-Dividend Date | 2018-09-27 |
| 1y Target Est | 75.87 |
- Motley Fool•12 hours ago
The Tiny Black Spot on Steel Dynamics' Record-Breaking Quarter
Steel Dynamics reported record results in the third quarter, but there was one soft spot management noted. Should investors worry?
- Zacks•4 days ago
Why Is Nucor (NUE) Up 8.5% Since Last Earnings Report?
Nucor (NUE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Motley Fool•5 days ago
Why an 11% Drop in This Industry Metric Is Huge News for Steelmakers
Tariffs seem to have the intended effect in the U.S. steel market, which is making life easier for the industry and leading to notable changes.
- Zacks•5 days ago
Nucor (NUE) Outpaces Stock Market Gains: What You Should Know
Nucor (NUE) closed the most recent trading day at $62.88, moving +1.26% from the previous trading session.
Market Realist•6 days agoHow US Steel Companies Have Utilized Their Bumper Earnings
As noted in the previous articles, US steel companies’ earnings have improved this year after Section 232 tariffs lifted US steel prices. In this article, we’ll see what companies are doing with their bumper earnings.
- Investopedia•6 days ago
Infrastructure Bipartisanship: Strong Steel Stocks
The midterm elections have been run and won, leaving the nation with a split Congress. Although the Republicans and Democrats are at loggerheads over many policies relating to issues such as taxation and immigration, they may be able to bridge the gap on infrastructure spending, with leaders from both parties indicating a willingness to work together, increasing the likelihood of a bipartisan infrastructure reform bill passing. "The Democrats are likely to push plans for large-scale infrastructure spending.
Market Realist•6 days agoHow U.S. Steel’s Free Cash Flows Look This Year
In this part, we’ll discuss steel companies’ third-quarter free cash flows. Free cash flow is operating cash flow minus capital expenditure. U.S. Steel (X) generated free cash flows of $164 million in the third quarter as compared to $219 million in the second quarter and $128 million in the third quarter of 2017.
Market Realist•6 days agoSteel Companies Tone Down Expectations after Steel Price Rout
In the previous article, we looked at steel companies’ third-quarter earnings and noted that steel companies posted record or near record earnings in the quarter. In this article, we’ll look at steel companies’ fourth-quarter guidance.
Market Realist•7 days agoThanks to Tariffs, US Steel Companies’ Earnings Skyrocket
Higher steel prices have lifted US steel companies’ profitability this year. In this part, we’ll compare steel companies’ third-quarter adjusted EBITDA, which is the preferred profitability metric for steel companies (SPY).
Market Realist•7 days agoWhat Lies Ahead for US Steel Mills after This Year’s Windfall?
US steel prices rose sharply in the first half of 2018 as President Trump’s Section 232 tariffs lifted US steel prices with the benchmark HRC (hot roll coil) prices rising to a decade high. Higher spot steel prices supported US steel companies’ average selling prices (or ASP) in the last two quarters. However, spot steel prices fell last month. Although prices have stabilized after companies like Nucor (NUE) and ArcelorMittal (MT) announced price hikes, they are still below their 2018 highs.
Market Realist•7 days agoSteel Companies’ Selling Prices Spike amid Trump’s Tariffs
Previously in this series, we compared steel companies’ third-quarter shipments. In this part, we’ll look at their ASP (average selling price). The ASP is a key driver of steel companies’ performance and impacts their profitability. We saw a sharp rise in steel companies’ ASP this year after President Trump’s Section 232 tariffs lifted US steel prices (SPY) to multiyear highs.
- Bloomberg•7 days ago
Ray Dalio Boosts U.S. Steel and Nucor Holdings, While Cutting Cliffs
As of the end of September, Dalio’s Bridgewater Associates owned 1.09 million shares of Pittsburgh-based U.S. Steel, an increase of almost 586,000, a regulatory filing showed Tuesday. U.S. Steel shares have dropped 23 percent in 2018. Bridgewater also increased its holdings in Nucor Corp., the biggest American steelmaker.
Market Realist•7 days agoUS Steel Demand: Is the ‘Buyer Strike’ Over?
As noted previously, steel companies like ArcelorMittal (MT), Nucor (NUE), and AK Steel (AKS) reported lower sequential shipments in the third quarter. ArcelorMittal also pointed to “temporary market weakness in the US.” According to Steel Dynamics, “customers took a temporary purchasing hiatus in anticipation of lower transaction prices as scrap pricing dipped a little and imports moderated some.” However, Nucor’s response was a bit more nuanced.
Market Realist•7 days agoWhy Steel Companies’ Q3 Shipment Profile Was Disappointing
Steel companies’ revenues are a function of average steel prices and shipments. In this part, we’ll compare steel companies’ third-quarter shipments.
- CNBC•8 days ago
If Trump and Democrats get serious about an infrastructure bill, these stocks should benefit
Democratic and Republican leaders have signaled they are willing to work together on infrastructure, opening the door for a possible bipartisan bill to move forward in Washington. "This is a logical time to address the many US infrastructure deficiencies that have become an impediment to a variety of economic activities in the US," says Sean Darby of Jefferies. If this happens, Darby notes stocks like Nucor and Vulcan Materials should benefit.
- Market Realist•8 days ago
Subdued Earnings: Most Steel Companies Missed Q3 Estimates
We’re towards the end of the third-quarter earnings season, and all of the leading US steel producers have released their quarterly earnings. Steel Dynamics was the first major steel company to release its quarterly results on October 17. Nucor (NUE) released earnings on October 18.
Reuters•8 days agoTrump's steel tariffs create big profits but few new jobs
Nucor Corp, America’s largest steelmaker, planned a new plant in Sedalia, Missouri, long before U.S. President Donald Trump imposed tariffs to protect the industry – and it does not need them to make money. Although the firm helped lead the lobbying push for tariffs on imports, executives say they invested in Sedalia and two other sites to capitalize on an already profitable strategy that doesn't depend on government help. While Trump has played up the narrative of downtrodden steel workers losing jobs to unscrupulous foreign competitors, most of the benefit from his 25 percent tariffs are flowing to the already strong bottom lines of Nucor and other modernized and globally competitive U.S. steel firms, according to interviews with industry executives, experts and a Reuters review of company earnings.
- Reuters•8 days ago
Insight: Trump's steel tariffs create big profits but few new jobs
Nucor Corp, America’s largest steelmaker, planned a new plant in Sedalia, Missouri, long before U.S. President Donald Trump imposed tariffs to protect the industry – and it does not need them to make money. Although the firm helped lead the lobbying push for tariffs on imports, executives say they invested in Sedalia and two other sites to capitalize on an already profitable strategy that doesn't depend on government help. While Trump has played up the narrative of downtrodden steel workers losing jobs to unscrupulous foreign competitors, most of the benefit from his 25 percent tariffs are flowing to the already strong bottom lines of Nucor and other modernized and globally competitive U.S. steel firms, according to interviews with industry executives, experts and a Reuters review of company earnings.
- The Wall Street Journal•9 days ago
[$$] The Anti-Manufacturing Tariff
Mid Continent filed its exclusion application in June at Commerce’s Bureau of Industry and Security, better known as the bureaucracy for steel lobbyists. Traditionally any objection from a domestic producer was enough to defeat an exclusion request. Commerce then accepts a final “sur-rebuttal” from the domestic producer.
- Motley Fool•11 days ago
This Steel Giant Is Making a $2 Billion Investment in the Future
Nucor has big spending plans; here's what it's doing and why.
Market Realist•12 days agoUS Steel Companies Are Upbeat, Analysts Look the Other Way
Steel companies sounded upbeat about the US steel industry’s outlook during their third-quarter earnings calls. While Nucor (NUE), Steel Dynamics (STLD), and U.S. Steel Corporation (X) have announced share buybacks, Cleveland-Cliffs (CLF) has reinstated its dividend. Let’s see what leading steel companies said about the US steel industry’s health.
Market Realist•12 days agoWhy Are US Steel Stocks in a Tight Bear Grip?
As we noted previously, steel stocks like AK Steel (AKS) and ArcelorMittal (MT) are trading with a year-to-date loss. Steel stocks have underperformed broader equity markets (DIA) in 2018 despite President Trump’s Section 232 tariffs. In this part, we’ll discuss the key reasons why bears love steel stocks.
Market Realist•12 days agoMarkets Don’t Like US Steel Stocks despite Trump’s Support
Earlier in 2018, President Trump slapped a 25% tariff on US steel imports and a 10% tariff on aluminum imports. For US steel and iron ore producers like U.S. Steel Corporation (X), AK Steel (AKS), and Cleveland-Cliffs (CLF), the higher level of imports is their greatest challenge. The companies said that the imports are unfairly subsidized by foreign governments.
Market Realist•13 days agoHow to Read China’s October Steel Exports Data
China’s steel and aluminum overcapacity has received flak from its trading partners. Earlier this year, President Trump imposed tariffs on steel and aluminum imports in a bid to protect US manufacturers (DIA). In this part, we’ll discuss China’s October steel exports data in light of US tariffs.
Market Realist•13 days agoWhy Analysts Still Don’t Like U.S. Steel Corporation
U.S. Steel Corporation (X) released its third-quarter earnings on November 1 after the markets closed. The company reported revenues of $3.73 billion in the third quarter—compared to revenues of $3.60 billion in the second quarter and $3.25 billion in the third quarter of 2017.
