The Insider Activity Of Nucor Corporation (NUE) Is Worth Monitoring


Nucor Corporation (NYSE:NUE) finished Wednesday with a subtraction of -$2.35 to close at $134.19, a downside of -1.72 percent. An average of 1,289,360 shares of common stock have been traded in the last five days. There was a gain of $0.22 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 1,987,155 shares traded, while the 50-day average volume stands at 1,968,966.

NUE stock has decreased by -9.04% in the last month. The company shares reached their 1-month lowest point of $129.46 on 12/16/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $88.50 and a high of $187.90 in 52 weeks. It has reached a new high 20 times so far this year and achieved 17.56% or $20.04 in price. In spite of this, the price is down -28.58% from the 52-week high.

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Insider Transactions

NUE stock investors should be aware that Nucor Corporation (NUE) stock had its last reported insider trading activity 9 days ago on Dec 20. In this transaction, the insider spent $404,135. Executive Vice President, Murphy Gregory J, disposed of 3,000 shares at a price of $137.29 on Oct 26. The insider now owns more than $411,870 worth of shares. Prior to that, Executive Vice President Hollatz John J went on to Sale 2,450 shares at $134.40 each on Oct 24. An amount of $329,279 was transacted.

Valuation Metrics

Nucor Corporation (NUE) has a trailing price-to-earnings (P/E) ratio of 4.18. The stock’s beta is 1.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.80, the price-to-book (PB) ratio at 1.96, and the price-to-cash flow ratio at 4.56.

The company has a payout ratio of 6.20%. The company’s most recent quarterly dividend payment was $0.51 a share, representing a up of 2.0% from $0.50 last year. Its latest increase dividend $0.01 reported on Wednesday December 14 2022.

Financial Health

The quick ratio of Nucor Corporation for the three months ended September 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 0.37 and a total debt to equity ratio of 0.38 for the quarter ending September 29. Its gross profit as reported stood at $11.03 billion compared to revenue of $36.48 billion.

Earnings Surprise

For the three-month period that ended September 29, Nucor Corporation had $377.43 million in cash and short-term investments compared to $6.62 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.69 billion in the quarter, while revenues of $2.56 billion were shrunk -25.55%. The analyst consensus anticipated Nucor Corporation’s latest quarter earnings to come in at $6.73 per share, but it turned out to be $6.5, a -3.40% surprise. For the quarter, EBITDA amounted to $2.65 billion. Shareholders own equity worth $256.54 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 28 December was 35.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 52.39%.

As of today, NUE’s price is $136.23 +0.16% or $0.22 from its 5-day moving average. NUE is currently trading -8.71% lower than its 20-day SMA and -1.79% lower than its 100-day SMA. However, the stock’s current price level is +9.91% above the SMA50 and +1.62% above the SMA200.

The stochastic %K and %D were 24.37% and 25.97%, respectively, and the average true range (ATR) was 4.40. With the 14-day stochastic at 19.44% and the average true range at 4.61, the RSI (14) stands at 40.30%. The stock has reached 0.65 on the 9-day MACD Oscillator while the 14-day reading was at -4.25.

Analyst Ratings

JP Morgan reiterated its a Neutral rating on Nucor Corporation (NYSE: NUE), but raised their price target to $146, indicating a potential price increase of 8.09% for the stock. The consensus rating for Nucor Corporation (NUE) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NUE, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 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 $110.00 and $155.00, with a median target of $134.00. Taking a look at these predictions, the average price target given by analysts for Nucor Corporation (NUE) stock is $132.03.


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