Nucor Corporation (NYSE:NUE) saw an upside of 0.66% to close Monday at $98.62 after adding $0.65 on the day. The 5-day average trading volume is 2,771,660 shares of the company’s common stock. It has gained $101.89 in the past week. An average of 3,541,990 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,556,142.
NUE’s 1-month performance is -12.14% or -$13.63 on its low of $93.33 reached on 09/21/21. The company’s shares have touched a 52-week low of $46.00 and high of $128.81, with the stock’s rally to the 52-week high happening on 08/13/21. YTD, NUE has achieved 85.41% or $45.43. However, the current price is down -23.44%% from the 52-week high price.
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On Aug 13, 60 days have gone by since the last insider trading activity for Nucor Corporation (NUE). Keller Michael D (Vice Pres. and Corp. Contro) most recently sold 3,431 shares at $127.40 per share on Aug 13. This transaction cost the insider $437,109. Executive Vice President, SLATE MARYEMILY, sold 5,169 shares at a price of $123.00 on Aug 12. Then, on Aug 11, Executive Vice President Behr Allen C sold 6,103 shares at a price of $123.28 per share. This transaction amounted to $752,370.
The company’s PE ratio for the last five years has touched a high of 40.50 and a low of 6.030. NUE stock has a beta of 1.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.13 while the price-to-book (PB) in the most recent quarter is 2.39, with the price to cash flow ratio at 23.05.
Nucor Corporation pays an annual dividend of $1.62 per share. Its dividend yield is 1.64% and the payout ratio is 15.90%. NUE paid $0.4050 a share compared with prior rate of $0.4050, down 0.0% from last year’s. The company has boosted its dividend for the last 48 consecutive years with the latest dividend increase of $0.0025 reported on Thursday December 3 2020. Measured over the last 3 years, the Dividend has been growing by 6.61% yearly.
It is projected that Nucor Corporation’s next ex-dividend date will be on 31-Dec. NUE is expected to distribute $0.405 as its next dividend.
Nucor Corporation’s quick ratio for the period ended June 29 was 1.80, with the current ratio over the same period at 3.10 meaning that NUE stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.43, while the total debt to equity was 0.44. In terms of profitability, the gross margin trailing 12 months is 20.50%. The trailing 12-month EBITDA margin is 12.09% while for the period ending June 29; Nucor Corporation’s operating margin was 15.20%. The firm’s gross profit as reported stood at $2.23 billion against revenue of $20.14 billion.
For the quarterly period ending June 29 this year, Nucor Corporation’s cash and short-term investments amounted to $398.41 million against total debt of $5.57 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 50.77% to $8.79 billion, while revenue of $7.02 billion was 20.16% off the previous quarter. Analysts expected NUE to announce $4.79 per share in earnings in its latest quarter, but it posted $5.15, representing a 7.50% surprise. EBITDA for the quarter stood at more than $2.25 billion. NUE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 10.29 billion, with total debt at $5.57 billion. Shareholders hold equity totaling $293.69 million
Let’s look briefly at Nucor Corporation (NUE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 43.33% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.16%.
The stock’s 5-day moving average is $98.05, reflecting a +1.90% or $1.84 change from its current price. NUE is currently trading -9.69% above its 20-day SMA, -2.87% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -5.19% and +87.60% respectively.
Stochastic %K and %D was 45.14% and 37.91% and the average true range (ATR) pointed at 4.14. The RSI (14) points at 42.03%, while the 14-day stochastic is at 44.55% with the period’s ATR at 4.22. The stock’s 9-day MACD Oscillator is pointing at 0.41 and -0.58 on the 14-day charts.
In the most recent analyst report for Nucor Corporation (NYSE: NUE), Goldman downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for NUE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NUE as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is NUE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $100.00 and a high of $142.00, with their median price target at $112.50. Looking at these predictions, the average price target given by analysts is for Nucor Corporation (NUE) stock is $116.20.