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The price of Nucor Corp. (NYSE: NUE) closed at $152.47 in the last session, down -0.89% from day before closing price of $153.84. In other words, the price has decreased by -$0.89 from its previous closing price. On the day, 1.08 million shares were traded. NUE stock price reached its highest trading level at $154.455 during the session, while it also had its lowest trading level at $151.88.
Ratios:
We take a closer look at NUE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.11. For the most recent quarter (mrq), Quick Ratio is recorded 2.48 and its Current Ratio is at 4.02. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.32.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on May 20, 2024, initiated with a Hold rating and assigned the stock a target price of $190.
On March 13, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $180 to $240.
On January 16, 2024, UBS started tracking the stock assigning a Buy rating and target price of $210.UBS initiated its Buy rating on January 16, 2024, with a $210 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 22 ’24 when Utermark D. Chad sold 33,068 shares for $195.33 per share. The transaction valued at 6,459,044 led to the insider holds 206,078 shares of the business.
Jellison Douglas J sold 19,506 shares of NUE for $3,772,635 on Mar 21 ’24. The Executive Vice President now owns 120,738 shares after completing the transaction at $193.41 per share. On Mar 21 ’24, another insider, Keller Michael D, who serves as the Vice Pres. and Corp. Contro of the company, sold 3,145 shares for $193.67 each. As a result, the insider received 609,091 and left with 24,873 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NUE now has a Market Capitalization of 36556513280 and an Enterprise Value of 38900797440. As of this moment, Nucor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.97, and their Forward P/E ratio for the next fiscal year is 12.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07 while its Price-to-Book (P/B) ratio in mrq is 1.77. Its current Enterprise Value per Revenue stands at 1.139 whereas that against EBITDA is 5.554.
Stock Price History:
The Beta on a monthly basis for NUE is 1.58, which has changed by -0.09427351 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, NUE has reached a high of $203.00, while it has fallen to a 52-week low of $140.07. The 50-Day Moving Average of the stock is -7.63%, while the 200-Day Moving Average is calculated to be -10.58%.
Shares Statistics:
According to the various share statistics, NUE traded on average about 1.50M shares per day over the past 3-months and 1587170 shares per day over the past 10 days. A total of 244.90M shares are outstanding, with a floating share count of 238.20M. Insiders hold about 0.65% of the company’s shares, while institutions hold 79.13% stake in the company. Shares short for NUE as of 1718323200 were 5563884 with a Short Ratio of 3.71, compared to 1715731200 on 5528973. Therefore, it implies a Short% of Shares Outstanding of 5563884 and a Short% of Float of 3.0299999.
Dividends & Splits
The forward annual dividend rate for NUE is 2.13, which was 2.1 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.013650546The stock’s 5-year Average Dividend Yield is 2.06. The current Payout Ratio is 11.50% for NUE, which recently paid a dividend on 2024-06-28 with an ex-dividend date of 1719532800. Stock splits for the company last occurred on 2006-06-01 when the company split stock in a 2:1 ratio.
