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The closing price of Nucor Corp. (NYSE: NUE) was $156.60 for the day, up 0.09% from the previous closing price of $156.46. In other words, the price has increased by $0.09 from its previous closing price. On the day, 0.74 million shares were traded. NUE stock price reached its highest trading level at $159.1 during the session, while it also had its lowest trading level at $156.01.
Ratios:
Our analysis of NUE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.36. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 37503569920 and an Enterprise Value of 39847854080. As of this moment, Nucor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.21, and their Forward P/E ratio for the next fiscal year is 12.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 1.167 whereas that against EBITDA is 5.689.
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 $140.07. The 50-Day Moving Average of the stock is -5.77%, while the 200-Day Moving Average is calculated to be -8.16%.
Shares Statistics:
NUE traded an average of 1.49M shares per day over the past three months and 1876780 shares per day over the past ten days. A total of 244.90M shares are outstanding, with a floating share count of 238.21M. Insiders hold about 0.65% of the company’s shares, while institutions hold 79.07% stake in the company. Shares short for NUE as of 1718323200 were 5563884 with a Short Ratio of 3.74, 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
With its trailing 12-month dividend rate of 2.1, NUE has a forward annual dividend rate of 2.13. Against a Trailing Annual Dividend Yield of 0.013421959The stock’s 5-year Average Dividend Yield is 2.06.
