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How to Buy Nucor Stock

Nucor Corp

Nucor is a steel company located in North Carolina, United States, which is part of the Basic Materials sector, and is traded under the ticker NUE on the NYSE exchange.

Nucor stock last closed at $155.43, down 1.2% from the previous day, and has increased 4.68% in one year. It has underperformed other stocks in the Steel industry by 0.03 percentage points. Nucor stock is currently +10.96% from its 52-week low of $140.08, and -23.43% from its 52-week high of $203.00.

As of Jun 11, 2024, there are 239.76M NUE shares outstanding. The market value of NUE is $37.27B. In the past 24 hours, 1.78M NUE shares were traded.

How to Buy Nucor Stock

Wondering how to invest in Nucor stock? Here's how.
  1. Figure out where to buy Nucor stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Nucor stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Choose your method of payment and add your info.
  4. Research Nucor stock: The Nucor ticker symbol is NUE. Is Nucor stock a good investment? Should you buy shares of NUE? How do NUE's underlying business fundamentals look? Do top analysts think Nucor is a good buy? Why has NUE's stock price moved recently? (Hint: Our stock analysis website can help you figure out if NUE is a good stock to buy).
  5. Place your NUE purchase: Decide if you will purchase NUE shares at the current market price or use a limit order to buy NUE shares at a given price.
  6. Get the latest scoop on your NUE investment: Create a watchlist to monitor your investment in Nucor stock.

Step 1: Figure out where to buy Nucor stock

You will need a brokerage account to access the NYSE market and buy NUE stock.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've picked the best brokerage, the next step is to fill out some personal information so you can invest in NUE today.

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Step 3: Fund your brokerage account

Now that you have created your account on investing apps, you can securely and quickly fund your account:

Check out the walkthrough below for more details depositing funds into your investment account.

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Step 4: Research Nucor stock

Once you have selected the best place to buy Nucor stock, it's absolutely critical to analyze their stock prior to buying, so you actually understand the risk and upside.

Nucor shares data

NUE Price
$155.43
1w %
-3.57%
1y %
4.68%
5y %
200.41%
P/E
9.12x
P/B
1.8x
P/S
1.11x
PEG
N/A
Revenue
$34.14B
Earnings
$4.23B
Fore. Rev. Growth
-0.95%
Fore. Earn. Growth
-8.36%
Market Cap
$37.27B
Next Earnings
Jul 22, 2024
Next Dividend
Aug 9, 2024

Fundamentals of Nucor

WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis quickly.

You can view all of the due diligence checks on NUE's stock page.

Is NUE stock overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge NUE's fair value.

Using relative valuations metrics:

  • NUE could be undervalued based on its P/E ratio of 9.12x, relative to Steel industry P/E ratio of 11.65x
  • NUE may be overvalued based on its P/B ratio of 1.8x, relative to Steel industry P/B ratio of 0.89x

You can access additional valuation analysis on NUE's stock here.

NUE Financial Health Overview

Passed Health Checks:

  • Total NUE debt is lower than 5 years ago, relative to shareholder equity.
  • NUE's operating cash flow of $6.36B allows it to safely service it's debt of $6.85B.
  • NUE earnings of $5.42B is not enough to cover its interest payments.
  • There are more short-term assets than long-term liabilities on the NUE balance sheet.
  • There are more short-term assets than short-term liabilities on the NUE balance sheet.

Failed Health Checks:

  • NUE has a relatively high debt to equity ratio of 0.59.
  • NUE profit margin has gone down from 16.7% to 12.4% in the past year.

Is it a good time to buy NUE stock, according to analysts?

Out of 5 sell side analysts who give forecasts on NUE, the consensus analyst rating on Nucor is a Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are projecting on the Nucor stock forecast page.

NUE Technical Indicators

SMA10
162.89
SMA20
167.43
SMA50
177.63
SMA100
181.83
SMA200
171.34
MACD
-5.01
MACD Signal
-4.23
MACD Histogram
-0.78
RSI
25.64
Stochastic %K
6.57
Stochastic %D
8.29
StochRSI %K
7.53
StochRSI %D
19.24

Is NUE Growing Revenue?

Last year, NUE earnings were $4.23B. During the last five year, NUE's earnings have gone up by 16.43% per year. This was faster than the Steel industry average of 6.2%.

Last year, NUE revenue was $34.14B. During the past 5 year, NUE's revenue has gone up by 5.93% per year. This was slower than the Steel industry average of 6.68%.

Learn more about NUE's earnings and revenue performance here.

Latest Insiders Trades at NUE

Over the last 12 months, executives and large shareholders at NUE have sold more shares than they have bought.

Allen C. Behr, Executive Vice President of NUE, was the latest NUE insider to sell. They sold $520,733.40 worth of NUE stock on Jun 1, 2024.

Dig into more about who owns NUE stock here.

Does NUE stock generate passive income?

Nucor pays a dividend of 1.35%, compared to the Steel industry's average dividend yield of 2.99%. If you owned $1,000 worth of NUE stock, you would have been paid $13.51 in the past 12 months.

Nucor dividend payments have consistently grown over the past decade and have remained stable.

Get more data about Nucor dividend yield and history here.

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Step 5: Place your NUE purchase

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are generally fine for most investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a given price limit, use a limit order.

Press the Open button and your broker will place the order.

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Step 6: Get the latest scoop on your NUE investment

Now that you own some shares in NUE, you'll want to keep up with your investment.

Start a watchlist to see the latest developments about your NUE stock.

NUE Feed

How to Buy Stock in Nucor

To summarize, here are the 6 steps you need to take to buy Nucor stock right now:

  1. Figure out where to buy Nucor stock
  2. Open a brokerage account
  3. Fund your brokerage account
  4. Research Nucor stock
  5. Place your NUE purchase
  6. Get the latest scoop on your NUE investment

If you need a brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to monitor your investment in Nucor, create a watchlist today.

NYSE: NUE
$155.43-1.88 (-1.2%)
Updated Jun 11, 2024
Open eToro Account
NYSE: NUE
$155.43-1.88 (-1.2%)
Updated Jun 11, 2024
Open eToro Account

FAQ

How much does it cost to buy one Nucor share?

As of Jun 11, 2024, it costs $155.43 to buy one share of Nucor stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.643 shares of NUE.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Nucor stock?

According to 5 Wall Street analysts who monitor Nucor, their consensus recommendation is to buy Nucor stock.

What is the best way to buy Nucor stock?

One way to place an order for Nucor stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.