Nucor Corporation (NUE)

NYSE: NUE · IEX Real-Time Price · USD
141.29
+8.26 (6.21%)
At close: Jun 2, 2023, 4:00 PM
141.70
+0.41 (0.29%)
After-hours: Jun 2, 2023, 7:56 PM EDT
6.21%
Market Cap 35.50B
Revenue (ttm) 39.73B
Net Income (ttm) 6.65B
Shares Out 251.22M
EPS (ttm) 25.56
PE Ratio 5.53
Forward PE 10.10
Dividend $2.04 (1.44%)
Ex-Dividend Date Mar 30, 2023
Volume 2,108,597
Open 138.43
Previous Close 133.03
Day's Range 137.90 - 141.87
52-Week Range 100.13 - 182.68
Beta 1.57
Analysts Hold
Price Target 148.88 (+5.37%)
Earnings Date Jul 20, 2023

About NUE

Nucor Corporation manufactures and sells steel and steel products. The company's 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 products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. It also engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers ... [Read more]

Industry Steel
Sector Materials
CEO Leon J. Topalian
Employees 31,400
Stock Exchange NYSE
Ticker Symbol NUE
Full Company Profile

Financial Performance

In 2022, Nucor's revenue was $41.51 billion, an increase of 13.78% compared to the previous year's $36.48 billion. Earnings were $7.61 billion, an increase of 11.42%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for NUE stock is "Hold." The 12-month stock price forecast is $148.88, which is an increase of 5.37% from the latest price.

Price Target
$148.88
(5.37% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Why the chart master sees more strength ahead in the steel trade

Carter Worth, Worth Charting, joins 'Fast Money to talk the state of metal commodities.

16 hours ago - CNBC Television

Commodity Stocks Are Cheap. Time to Buy Soon.

The Energy Select Sector SPDR ETF is down about 16% from a multiyear peak in late 2022, and the SPDR S&P Metals & Mining ETF is down about 30%.

Other symbols: CVXFCXXLEXMEXOM
1 day ago - Barrons
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ExxonMobil, Nucor Ink Big Carbon Capture Deal

ExxonMobil and big steel-maker Nucor announced a major carbon capture and storage (CCS) deal Thursday.

Other symbols: XOM
2 days ago - Forbes

Exxon signs decarbonization contract with steel maker Nucor

Exxon Mobil Corp. said on Wednesday it signed with U.S. steel maker Nucor Corporation a carbon capture and sequestration (CCS) contract, its first from a hard to abate industry.

Other symbols: XOM
2 days ago - Reuters

Nucor Enters Into Carbon Capture & Storage Agreement with ExxonMobil

ExxonMobil will capture, transport and store carbon from Louisiana DRI plant CHARLOTTE, N.C. , June 1, 2023 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that it has signed an agreemen...

2 days ago - PRNewsWire

Nucor Announces Plate Mill Group Reorganization

CHARLOTTE, N.C. , May 24, 2023 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that it will reorganize the Company's plate group, including ceasing production at Nucor Steel Longview, LL...

1 week ago - PRNewsWire

The Street is Downbeat on Steel. The Case Against Nucor, Others.

J.P. Morgan analyst Bill Peterson launched coverage of the five steel producers. He doesn't really like any of them.

1 week ago - Barrons
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NuScale Power and Nucor Corporation Sign Memorandum of Understanding to Explore Deployment of Small Modular Nuclear Reactors to Power Nucor Electric Arc Furnace Steel Mills

PORTLAND, Ore.--(BUSINESS WIRE)--This MOU will explore co-locating NuScale's VOYGR™ SMR power plants to provide electricity to Nucor's scrap-based electric arc furnace steel mills.

Other symbols: SMR
2 weeks ago - Business Wire

Nucor Promotes Brad Ford to Executive Vice President

CHARLOTTE, N.C. , May 12, 2023 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that Brad Ford will be promoted to Executive Vice President of Fabricated Construction Products effective M...

3 weeks ago - PRNewsWire

Nucor Announces New Share Repurchase Program

CHARLOTTE, N.C. , May 11, 2023 /PRNewswire/ -- The Board of Directors of Nucor Corporation (NYSE: NUE) has approved the repurchase of up to $4.00 billion of the Company's outstanding common stock.

3 weeks ago - PRNewsWire

Nucor Leads Effort to Develop Carbon Emissions Standard for the Steel Industry

CHARLOTTE, N.C. , April 26, 2023 /PRNewswire/ -- A coalition of steel companies and industry partners founded by Nucor Corporation (NYSE: NUE) and five other organizations released for comment today a...

1 month ago - PRNewsWire

Nucor Reports Results for the First Quarter of 2023

First Quarter of 2023 Highlights Net earnings attributable to Nucor stockholders of $1.14 billion, or $4.45 per diluted share Net sales of $8.71 billion Net earnings before noncontrolling interests of...

1 month ago - PRNewsWire
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Nucor Invites You to Join Its First Quarter of 2023 Conference Call on the Web

CHARLOTTE, N.C. , April 19, 2023 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) first quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, ...

1 month ago - PRNewsWire

4 Outperforming Steelmakers to Consider

As the first quarter of 2023 comes to a close, investors are looking at companies that have performed well so far this year.

Other symbols: CLFRSSTLD
2 months ago - GuruFocus

Nucor stock falls after downbeat profit outlook

Shares of Nucor Corp. NUE fell 0.6% toward a 2 1/2-month low in premarket trading Thursday, after the steelmaker provided a first-quarter profit outlook that was below Wall Street projections. The com...

2 months ago - Market Watch

Nucor Announces Guidance for the First Quarter of 2023 Earnings

CHARLOTTE, N.C. , March 16, 2023 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its first quarter ending April 1, 2023.

2 months ago - PRNewsWire

Nucor Provides One-Year Update on New West Virginia Sheet Mill

CHARLOTTE, N.C. , Feb. 23, 2023 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) provided a one-year update today on the status of its new sheet steel mill in West Virginia, including the approval by the...

3 months ago - PRNewsWire

Nucor to create 200 more jobs in Alabama as it builds a new tower production plant

Nucor Corp. NUE, +1.30% said Wednesday that it expects to create 200 full-time jobs in Alabama, as it announced a plan to build a new transmission tower production plant in Decatur, next to its sheet ...

3 months ago - Market Watch

Nucor to Build New Transmission Tower Production Plant in Alabama

CHARLOTTE, N.C. , Feb. 22, 2023 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that the Company's Towers & Structures business unit will build a new state-of-the-art transmission tower ...

3 months ago - PRNewsWire

Nucor Announces 200th Consecutive Cash Dividend

CHARLOTTE, N.C. , Feb. 21, 2023 /PRNewswire/ -- The Board of Directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.51 per share on Nucor's common stock.

3 months ago - PRNewsWire

Nvidia and 5 Other Stocks at High Risk for Short Selling

22V Research put together a list of candidates, and said many are likely to see reversals in February.

Other symbols: FANGMPCMUNVDASTLD
4 months ago - Barrons

Chevron, Comcast, and 10 More Companies That Raised Their Dividends

It was a busy week for dividend announcements, with the fourth-quarter earnings season in full swing.

4 months ago - Barrons

Nucor CEO on the company's growth plan, anticipated tailwinds from the CHIPS Act

Cramer spoke with Nucor CEO Leon Topalian on Thursday.

4 months ago - CNBC Television

Nucor Reports Record Annual Earnings for 2022

Nucor reports safest and most profitable year in Company history, eclipsing prior records set in 2021 Fourth quarter and full year 2022 earnings per diluted share of $4.89 and $28.79, respectively Ret...

4 months ago - PRNewsWire

Nucor Invites You to Join Its Fourth Quarter of 2022 Conference Call on the Web

CHARLOTTE, N.C. , Jan. 25, 2023 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) fourth quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, ...

4 months ago - PRNewsWire