How Have Nucor Corporation (NUE) Insiders Been Trading?

Nucor Corporation (NYSE:NUE) trading with an addition of $2.56 to $102.90 on Thursday, an upside of 2.55 percent. An average of 2,105,355 shares of common stock have been traded in the last five days. There was a gain of $4.40 in the past week, and it reached a new high 43 times over the past 12 months. The last 20 days have seen an average of 3,355,704 shares traded, while the 50-day average volume stands at 3,479,016.

NUE stock has decreased by -5.52% in the last month. The company shares reached their 1-month lowest point of $93.33 on 09/21/21. With the stock rallying to its 52-week high on 08/13/21, shares of the company touched a low of $46.00 and a high of $128.81 in 52 weeks. It has reached a new high 35 times so far this year and achieved 88.64% or $50.16 in price. In spite of this, the price is down -20.11% from the 52-week high.

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Insider Transactions

62 days have passed since Nucor Corporation (NUE) last reported insider trading activity. Keller Michael D, who is Vice Pres. and Corp. Contro, most recently acquired $3,431 shares at $127.40 per share on Aug 13. In this transaction, the insider spent $437,109. Executive Vice President, SLATE MARYEMILY, disposed of 5,169 shares at a price of $123.00 on Aug 12. The insider now owns more than $635,787 worth of shares. Prior to that, Executive Vice President Behr Allen C went on to Sale 6,103 shares at $123.28 each on Aug 11. An amount of $752,370 was transacted.

Valuation Metrics

Nucor Corporation (NUE) has a trailing price-to-earnings (P/E) ratio of 9.92, which compares with the 8.40 for the broader industry and 13.88 for the sector. In the last five years, Nucor Corporation’s PE ratio has ranged between 40.50 and 6.030. The stock’s beta is 1.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.15, the price-to-book (PB) ratio at 2.43, and the price-to-cash flow ratio at 23.45.

Nucor Corporation pays a $1.62 dividend per share annually. It offers a dividend yield of 1.57%. The company has a payout ratio of 15.90%. The company’s most recent quarterly dividend payment was $0.4050 a share, without any change from last year. Its dividend has been increased for the last 48 consecutive years with the latest increase dividend $0.0025 reported on Thursday December 3 2020. Dividends have grown by 6.61% each year over the last three years.

Nucor Corporation will next go ex-dividend on 31-Dec. The next dividend payment Nucor Corporation will make is expected to be $0.405.

The quick ratio of Nucor Corporation for the three months ended June 29 was 1.80, and the current ratio was 3.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.43 and a total debt to equity ratio of 0.44 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 20.50% against a 5-year average of 13.0%. Nucor Corporation’s EBITDA margin for the year ending June 29 is 12.09%, while its operating margin for the same period stands at 15.20%. Its gross profit as reported stood at $2.23 billion compared to revenue of $20.14 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Nucor Corporation’s return on assets was 14.40%, compared to 7.7% over the last five years. In the past year, the return on investment has been 6.20%, and the 5-year average is 10.5%. Meanwhile, the return on equity (ROE) for the past 12 months has been 27.00% and the 5-year average holds at 14.2%. For the broader industry, ROE averaged 24.01 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Nucor Corporation had $398.41 million in cash and short-term investments compared to $5.28 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.51 billion in the quarter, while revenues of $942.43 million were grew 92.77%. The analyst consensus anticipated Nucor Corporation’s latest quarter earnings to come in at $4.79 per share, but it turned out to be $5.15, a 7.50% surprise. For the quarter, EBITDA amounted to $2.25 billion. Shareholders own equity worth $293.69 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Nucor Corporation (NUE) price momentum. RSI 9-day as of the close on 13 October was 58.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.40%.

As of today, NUE’s price is $99.98 +4.45% or $4.40 from its 5-day moving average. NUE is currently trading -5.89% lower than its 20-day SMA and -0.01% lower than its 100-day SMA. However, the stock’s current price level is -1.48% below the SMA50 and +98.44% above the SMA200.

The stochastic %K and %D were 67.44% and 55.57%, respectively, and the average true range (ATR) was 3.74. With the 14-day stochastic at 88.26% and the average true range at 3.93, the RSI (14) stands at 51.84%. The stock has reached 2.17 on the 9-day MACD Oscillator while the 14-day reading was at 1.59.

Analyst Ratings

Goldman downgraded Nucor Corporation (NYSE: NUE) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a a Buy.The consensus rating for Nucor Corporation (NUE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NUE, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

What is NUE’s price target for the next 12 months?

Analysts predict a range of price targets between $100.00 and $142.00, with a median target of $112.50. Taking a look at these predictions, the average price target given by analysts for Nucor Corporation (NUE) stock is $116.20.


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