Market Inference Brief -- NUE Stock

Shares of Nucor have moved -6.1% today, and are now trading at a price of $155.42. In contrast, the S&P 500 index saw a -1.0% change. Today's trading volume is 4,364,875 compared to the stock's average volume of 1,283,291.

Nucor Corporation engages in manufacture and sale of steel and steel products. Based in Charlotte, United States the company has 31,400 full time employees and a market cap of $38,656,372,736. Nucor currently offers its equity investors a dividend that yields 1.2% per year.

The company is now trading -3.6% away from its average analyst target price of $161.22 per share. The 9 analysts following the stock have set target prices ranging from $39.0 to $191.0, and on average give Nucor a rating of buy.

Over the last 52 weeks, NUE stock has risen 34.0%, which amounts to a 18.0% difference compared to the S&P 500. The stock's 52 week high is $182.68 whereas its 52 week low is $102.86 per share. Based on Nucor's average net margin growth of 17.4% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.

Date Reported Total Revenue ($ k) Net Profit ($ k) Net Margins (%) YoY Growth (%)
2023-03-01 41,512,467 7,607,337 18 -5.26
2022-02-28 36,483,939 6,827,461 19 375.0
2021-02-26 20,139,658 721,470 4 -33.33
2020-02-28 22,588,858 1,271,143 6 -33.33
2019-02-28 25,067,279 2,360,767 9 28.57
2018-02-28 20,252,393 1,318,688 7
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.