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Nucor Corporation (NUE)

NYSE - Nasdaq Real Time Price. Currency in USD
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102.51+1.71 (+1.70%)
At close: 4:00PM EDT
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Engulfing Line (Bearish)

Engulfing Line (Bearish)

Previous Close100.80
Open100.39
Bid102.51 x 800
Ask102.81 x 1000
Day's Range99.38 - 102.93
52 Week Range38.51 - 103.98
Volume3,970,441
Avg. Volume3,562,912
Market Cap30.675B
Beta (5Y Monthly)1.42
PE Ratio (TTM)19.03
EPS (TTM)5.39
Earnings DateJul 21, 2021 - Jul 26, 2021
Forward Dividend & Yield1.62 (1.58%)
Ex-Dividend DateMar 30, 2021
1y Target Est85.18
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-24% Est. Return
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  • Nucor To Buy Back $3B In Stock; Shares Pop 5%
    SmarterAnalyst

    Nucor To Buy Back $3B In Stock; Shares Pop 5%

    Nucor Corp. (NUE) announced a stock repurchase program of up to $3 billion. Following the announcement, shares of the steel producer rose 5% on May 13 to close at $100.80. Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada, and Mexico. This new program, which has no expiration date, replaces the earlier-authorized stock buyback program worth $2 billion. Approximately $1.55 billion of the stock had already been repurchased under the company’s old program. Under the new repurchase program, share repurchases are expected to be made in the open market at the prevailing market price or even through private transactions or block trades. On April 22, Nucor reported Q1 results. Earnings of $3.10 per share outpaced the Street’s estimates of $3.09. However, total revenues of $7.02 billion missed consensus estimates of $7.19 billion. (See Nucor Corp stock analysis on TipRanks) Following the Q1 results, BMO Capital analyst David Gagliano maintained the stock’s price target of $86 (14.7% downside potential) and a Hold rating. Gagliano said, “Nucor is positioned to capitalize on incremental volume growth, while continuing to fund its upcoming growth investments with internal cash generation.” Consensus on the Street is that Nucor Corp. is a Moderate Buy based on 3 Buys and 3 Holds. The average analyst price target of $93.33 implies downside potential of 7.4% to current levels. Shares have climbed 85.6% over the past six months. Related News: Alaska Air Expanding Fleet With 30 Mainline And Regional Aircraft HEXO Teams Up With REQ On Brand Expansion In U.S. XPeng’s Quarterly Revenue Jumps 6X, Vehicle Deliveries Up Almost 5X More recent articles from Smarter Analyst: Floor & Decor Inks $90M Deal To Snap Up Spartan Surfaces Selecta Biosciences Swings to a Q1 Loss; Shares Fall 2% Disney Delivers Mixed Results In Second Quarter; Street Says Buy Trulieve Beats on Revenue, Misses on Earnings in Q1

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  • Nucor sets new $3 billion stock repurchase program, which could represent more than 10% of its shares
    MarketWatch

    Nucor sets new $3 billion stock repurchase program, which could represent more than 10% of its shares

    Nucor Corp. said Thursday it has set a new $3.0 billion stock repurchase program. Based on the previous session's stock closing price of $95.99, the steel products company could buy back about 10.4% of the shares outstanding. The company said the new program replaces the $2.0 billion program that was authorized in September 2018, of which $1.55 billion of common stock had been repurchased. The new program has no expiration date. The stock, which slipped 0.3% in premarket trading, has soared 80.5% year to date through Wednesday, as continuous HRC Steel Futures have run up 66.2% and the S&P 500 has gained 8.2%.