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After finishing at $141.34 in the prior trading day, Nucor Corp. (NYSE: NUE) closed at $141.47, up 0.09%. In other words, the price has increased by $0.09 from its previous closing price. On the day, 1.74 million shares were traded. NUE stock price reached its highest trading level at $144.43 during the session, while it also had its lowest trading level at $141.45.
Ratios:
Our goal is to gain a better understanding of NUE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.14. For the most recent quarter (mrq), Quick Ratio is recorded 1.61 and its Current Ratio is at 2.59. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.28.
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 the company, JP Morgan on September 09, 2024, Upgraded its rating to Overweight and sets its target price to $174 from $170 previously.
On August 15, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also lowered its target price recommendation from $187 to $176.
On May 20, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $190.Jefferies initiated its Hold rating on May 20, 2024, with a $190 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 31 ’24 when Needham Daniel R. sold 8,624 shares for $160.00 per share. The transaction valued at 1,379,840 led to the insider holds 99,049 shares of the business.
Needham Daniel R. bought 8,624 shares of NUE for $1,379,840 on Jul 31 ’24. On Mar 22 ’24, another insider, Utermark D. Chad, who serves as the Executive Vice President of the company, sold 33,068 shares for $195.33 each. As a result, the insider received 6,459,044 and left with 206,078 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 33621334016 and an Enterprise Value of 36616581120. As of this moment, Nucor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.67, and their Forward P/E ratio for the next fiscal year is 14.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.81. 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 1.64. Its current Enterprise Value per Revenue stands at 1.168 whereas that against EBITDA is 7.412.
Stock Price History:
Over the past 52 weeks, NUE has reached a high of $203.00, while it has fallen to a 52-week low of $133.42. The 50-Day Moving Average of the stock is -4.10%, while the 200-Day Moving Average is calculated to be -15.25%.
Shares Statistics:
The stock has traded on average 1.54M shares per day over the past 3-months and 2197040 shares per day over the last 10 days, according to various share statistics. A total of 244.90M shares are outstanding, with a floating share count of 235.78M. Insiders hold about 0.66% of the company’s shares, while institutions hold 78.95% stake in the company. Shares short for NUE as of 1728950400 were 4979977 with a Short Ratio of 3.23, compared to 1726185600 on 4089012. Therefore, it implies a Short% of Shares Outstanding of 4979977 and a Short% of Float of 2.75.
Dividends & Splits
In the trailing 12 months, NUE’s forward annual dividend rate was 2.16, compared to 2.16 this year. Against a Trailing Annual Dividend Yield of 0.015282299The stock’s 5-year Average Dividend Yield is 1.98.
