Nucor (NUE) Stock

Let's find out if now is the right moment to invest in Nucor (NUE) stock, which has dropped over 30% in the past year.

Finding quality dividend stocks in cyclical industries can be challenging, but it's still possible. It may take some effort, but there are options available.

In the latest trading session, Nucor (NUE) finished at $115.78, showing a decrease of 1.85% compared to the day before.

The primary reason for the anticipated drop in NUE's profits for the fourth quarter is the reduced earnings from the steel mills sector, which is affected by lower production volumes and average selling prices.

CHARLOTTE, N.C., Dec. 16, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) has shared its expectations for the fourth quarter that will end on December 31, 2024.

Nucor Corporation's shares, represented by NUE, are decreasing on Friday. This comes after a decline of over 5% on Thursday.

Nucor (NUE) finished the last trading day at $138.44, which is a decrease of 1.51% compared to the day before.

CHARLOTTE, N.C., Dec. 11, 2024 /PRNewswire/ -- Nucor Corporation's Board of Directors (NYSE: NUE) has declared an increase in its regular quarterly cash dividend for common stock to $0.55 per share.

Nucor Corporation is in a strong position to take advantage of the anticipated increase in steel demand due to infrastructure spending and supportive policies from the new Trump administration. While tariffs may provide temporary benefits, the long-term prices of steel will depend more on demand trends, which are expected to rise considerably. Nucor's focus on expanding manufacturing capacity, improving production efficiency, and exploring new revenue opportunities will help it benefit from the recovery in the steel market.