Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $149.31 in the prior trading day, Nucor Corp (NYSE: NUE) closed at $145.57, down -2.50%. In other words, the price has decreased by -$2.50 from its previous closing price. On the day, 2.12 million shares were traded. NUE stock price reached its highest trading level at $149.01 during the session, while it also had its lowest trading level at $143.36.
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 7.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.49. 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 this company, Goldman on December 02, 2024, initiated with a Buy rating and assigned the stock a target price of $190.
On September 09, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $170 to $174.
Morgan Stanley Upgraded its Equal-Weight to Overweight on August 15, 2024, whereas the target price for the stock was revised from $187 to $176.
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 Nov 11 ’24 when Behr Allen C sold 4,968 shares for $159.72 per share. The transaction valued at 793,470 led to the insider holds 85,376 shares of the business.
Behr Allen C bought 4,968 shares of NUE for $793,470 on Nov 11 ’24. On Nov 06 ’24, another insider, Topalian Leon J, who serves as the Chair, President and CEO of the company, sold 11,000 shares for $169.11 each. As a result, the insider received 1,860,240 and left with 172,136 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 35059953664 and an Enterprise Value of 37499215872. As of this moment, Nucor’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.07, and their Forward P/E ratio for the next fiscal year is 15.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 22.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 1.67. Its current Enterprise Value per Revenue stands at 1.196 whereas that against EBITDA is 7.591.
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 -3.43%, while the 200-Day Moving Average is calculated to be -10.69%.
Shares Statistics:
The stock has traded on average 1.84M shares per day over the past 3-months and 1775970 shares per day over the last 10 days, according to various share statistics. A total of 234.81M shares are outstanding, with a floating share count of 233.31M. Insiders hold about 0.64% of the company’s shares, while institutions hold 78.89% stake in the company. Shares short for NUE as of 1731628800 were 5814920 with a Short Ratio of 3.17, compared to 1728950400 on 4979977. Therefore, it implies a Short% of Shares Outstanding of 5814920 and a Short% of Float of 3.26.
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 0.0144665465The stock’s 5-year Average Dividend Yield is 1.93.
