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 $191.63, up 0.14% from the previous day, and has increased 23.6% in one year. It has overperformed other stocks in the Steel industry by 0.05 percentage points. Nucor stock is currently +47.65% from its 52-week low of $129.79, and -5.6% from its 52-week high of $203.00.
As of Apr 22, 2024, there are 240.75M NUE shares outstanding. The market value of NUE is $46.13B. In the past 24 hours, 1.51M NUE shares were traded.
How to Buy Nucor Stock
Wondering how to invest in Nucor stock? Here's how.
- 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.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your method of payment and add your info.
- 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).
- 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.
- 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.
Our favorite brokerage: eToro
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Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountStep 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.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create your new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
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.
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
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 10.62x, relative to Steel industry P/E ratio of 13.95x
- NUE may be overvalued based on its P/B ratio of 2.2x, relative to Steel industry P/B ratio of 1x
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 $7.11B allows it to safely service it's debt of $6.84B.
- NUE earnings of $5.86B 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 0.63.
- NUE profit margin has gone down from 18.3% to 13% in the past year.
Is it a good time to buy NUE stock, according to analysts?
Out of 4 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
Is NUE Growing Revenue?
Last year, NUE earnings were $4.52B. During the last five year, NUE's earnings have gone up by 19.39% per year. This was faster than the Steel industry average of 10.83%.
Last year, NUE revenue was $34.71B. During the past 5 year, NUE's revenue has gone up by 6.73% per year. This was slower than the Steel industry average of 7.96%.
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 bought more shares than they have sold.
D. Chad Utermark, Executive Vice President of NUE, was the latest NUE insider to sell. They sold $2,310,759.26 worth of NUE stock on Mar 22, 2024.
Dig into more about who owns NUE stock here.
Does NUE stock generate passive income?
Nucor pays a dividend of 1.1%, compared to the Steel industry's average dividend yield of 2.78%. If you owned $1,000 worth of NUE stock, you would have been paid $10.96 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.
Get analysis from other traders
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
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.
If you want additional info about buying stocks on eToro, watch the how to video below:
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:
- Figure out where to buy Nucor stock
- Open a brokerage account
- Fund your brokerage account
- Research Nucor stock
- Place your NUE purchase
- Get the latest scoop on your NUE investment
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to monitor your investment in Nucor, create a watchlist today.
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