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Nucor Corporation (NUE)

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150.13 +0.08 (+0.05%)
At close: September 27 at 4:00 PM EDT
150.13 0.00 (0.00%)
After hours: September 27 at 7:43 PM EDT
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DELL
  • Previous Close 150.05
  • Open 151.06
  • Bid 148.56 x 1000
  • Ask 150.85 x 1000
  • Day's Range 149.77 - 152.38
  • 52 Week Range 133.42 - 203.00
  • Volume 894,921
  • Avg. Volume 1,458,680
  • Market Cap (intraday) 35.632B
  • Beta (5Y Monthly) 1.56
  • PE Ratio (TTM) 10.81
  • EPS (TTM) 13.89
  • Earnings Date Oct 21, 2024
  • Forward Dividend & Yield 2.16 (1.44%)
  • Ex-Dividend Date Sep 27, 2024
  • 1y Target Est 165.62

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.com

32,000

Full Time Employees

December 31

Fiscal Year Ends

Steel

Industry

Recent News: NUE

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Performance Overview: NUE

Trailing total returns as of 9/27/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

NUE
12.88%
S&P 500
20.30%

1-Year Return

NUE
0.55%
S&P 500
34.27%

3-Year Return

NUE
56.00%
S&P 500
28.79%

5-Year Return

NUE
237.22%
S&P 500
92.71%

Compare To: NUE

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Statistics: NUE

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Valuation Measures

Annual
As of 9/27/2024
  • Market Cap

    35.63B

  • Enterprise Value

    37.09B

  • Trailing P/E

    10.82

  • Forward P/E

    13.46

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    1.13

  • Price/Book (mrq)

    1.72

  • Enterprise Value/Revenue

    1.13

  • Enterprise Value/EBITDA

    5.95

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    10.45%

  • Return on Assets (ttm)

    8.58%

  • Return on Equity (ttm)

    17.63%

  • Revenue (ttm)

    32.69B

  • Net Income Avi to Common (ttm)

    3.4B

  • Diluted EPS (ttm)

    13.89

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    5.43B

  • Total Debt/Equity (mrq)

    32.34%

  • Levered Free Cash Flow (ttm)

    2.27B

Research Analysis: NUE

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Earnings Per Share

Consensus EPS
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

39.00 Low
165.62 Average
150.13 Current
240.00 High
 

Company Insights: NUE

Research Reports: NUE

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  • Recent weakness offers buying opportunity

    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 32,000 employees. The shares are a component of the S&P 500.

    Rating
    Price Target
     
  • Key inflation data is coming this week and AI superstar Nvidia reports earnings.

    Key inflation data is coming this week and AI superstar Nvidia reports earnings. Wall Street will continue to absorb comments from Fed Chairman Jerome Powell from last week, noting that the Fed is ready to start easing monetary policy. The Dow Jones Industrial Average ended last week up 1.3%, the S&P 500 gained 1.5%, and the Nasdaq was higher by 1.4%. Year to date, the DJIA is higher by 9%, the S&P is up 18%, and the Nasdaq has popped 19%. On the economic calendar, inflation data via PCE is the highlight of the week, to be reported on Friday. In June, the PCE (Personal Consumption Expenditures) came in at 2.5%. We see that bumping up slightly to 2.6%. Core PCE came in at 2.6% for June. We see no change for July. Elsewhere, Durable Goods Orders will be reported on Monday. On Tuesday, the Case-Shiller Home Price Index and Consumer Confidence hit the tape, and on Thursday, GDP will be updated. Several Fed officials speak throughout the week. The earnings calendar is winding down, but some important reports remain. On Wednesday, Nvidia, Salesforce, CrowdStrike, HP, and J.M. Smucker all report. Aside from Nvidia's data, analysts will be listening to hear what CrowdStrike management has to say about the global software glitch last month and the impact on business. On Thursday, reports come from Dell, Marvell Technology, Best Buy, Lululemon, Gap, and Ulta Beauty. Earnings are coming in 12.7% higher this quarter than a year ago. Some 95% of S&P 500 companies have reported so far. Financials and Healthcare are the leading sectors, both up 20% for the quarter compared to the same quarter last year. Materials are on the other end, down 6%. Expectations were for 8%-12% earnings growth for 2Q, so corporate America has again surpassed the initial forecast. Mortgage rates fell three basis points (bps) to 6.46% for the average 30-year fixed-rate mortgage. Gas prices fell three cents to $3.38 per gallon for the average price of regular gas. The Atlanta Fed GDPNow indicator is forecasting for 3Q and calls for expansion of 2.0%. The Cleveland Fed CPINow indicator forecasts 2.6% for August CPI. Looking ahead, the next Fed rate decision comes on September 18, with odds at 100% for a rate cut. Of that, 63% expect a 25-bps cut and 37% a 50-bps cut. There are then two more Fed rate meetings this year, the first on November 7 and the second on December 18. We now expect three rate cuts this year, for a total of 75 bps. We see two rate cuts in 2025. We see all cuts in the size of 25 bps.

     
  • Daily – Vickers Top Buyers & Sellers for 08/02/2024

    The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.

     
  • Recent weakness offers buying opportunity

    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.

    Rating
    Price Target
     

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