The stock of Nucor Corporation (NYSE:NUE) increased by $3.52 on Tuesday to finish at $158.19, up 2.28 percent. The last five days have seen an average of 2,135,100 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $26.38. The average number of shares traded over the last 20 days was 1,425,185, while the average volume over the last 50 days totaled 1,307,342.
NUE stock dropped -6.03% since last month. On 09/18/23, the company’s shares reached a one-month low of $154.24. The stock touched a high of $182.68 on 02/03/23, after rallying from a low of $102.86 in 52 weeks. The price of NUE stock has risen by 20.01% or $26.38 this year, reaching a new high 15 times. Still, the stock price is down -13.41% from the 52-week high.
Insider Transactions
NUE stock investors should be aware that Nucor Corporation (NUE) stock had its last reported insider trading activity 37 days ago on Aug 14. On Aug 14, Executive Vice President Jellison Douglas J sold 5,194 shares at $172.92 each. This transaction resulted in the insider making $898,151. On Aug 10, Needham Daniel R. sold 7,002 shares at a price of US$170.00. After the transaction, the insider now owns 83,101 shares. Executive Vice President Behr Allen C had earlier sold 8,000 shares on Aug 03 for $171.61 a share. The transaction was completed for $1,372,856.
Valuation Metrics
Nucor Corporation (NUE) has a trailing price-to-earnings (P/E) ratio of 7.29. Beta for the stock is 1.64. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.12, the price-to-book (PB) ratio of 1.98, and the price-to-cash flow ratio of 6.52.
Company paid $0.51 per share in dividends, remained unchanged from $0.51 last year.
Financial Health
For the three months ended June 29, Nucor Corporation’s quick ratio was 2.40, while its current ratio was 3.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.33, and the total debt to equity ratio is 0.33. As far as profitability goes, gross margin for the trailing twelve months is 25.20% percent. Nucor Corporation’s EBITDA margin for the year ended June 29 was 27.71%, whereas its operating margin stood at 20.30% for the same period. Based on annual data, it had gross profit of $12.5 billion and revenue of $41.51 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NUE’s return on assets (ROA) during the last 12 months has been 17.00%. There was a 32.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 29.40%.
Earnings Surprise
According to Nucor Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $9.52 billion, while revenues fell by -23.85% to $8.71 billion. It was predicted that Nucor Corporation’s quarterly earnings would be $5.81, but it ended up being $5.53, beating the consensus by 5.10%. EBITDA was $2.33 billion for the quarter. At the end of Nucor Corporation’s most recent quarter ended June 29, its liabilities totaled 12.44 billion, while its total debt was $6.83 billion. Equity owned by shareholders amounts to $248.72 million.
Technical Picture
Here’s a quick look at Nucor Corporation’s (NUE) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 37.79%, suggesting the stock is Neutral, with a 39.15% historical volatility rate.
The stochastic %K and %D were 7.93% and 12.36% respectively, while the average true range (ATR) was 4.58. Based on the 14-day stochastic reading of 19.10%, the RSI (14) reading is 39.75%. On the 9-day MACD Oscillator, the stock is at -5.57, and the 14-day reading is at -8.82.
Analyst Ratings
In its most recent analyst report, Exane BNP Paribas raised its rating on Nucor Corporation (NYSE: NUE) to an Outperform. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Nucor Corporation (NUE) an Hold rating. NUE is a stock that is recommended for selling by 1 brokerage firm, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is NUE’s price target for the next 12 months?
The current consensus forecast for the stock is between $151.00 and $191.00, with a median target price of $180.00. In analyzing these forecasts, the average price target given by analysts for Nucor Corporation (NUE) is $174.88.
