Nucor Corp. (NYSE: NUE) is -13.47% lower on its value in year-to-date trading and has touched a low of $133.42 and a high of $203.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NUE stock was last observed hovering at around $148.88 in the last trading session, with the day’s gains setting it 1.71%.
Currently trading at $150.59, the stock is 4.33% and 1.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing 1.15% at the moment leaves the stock -11.05% off its SMA200. NUE registered -0.76% loss for a year compared to 6-month loss of -24.16%. The firm has a 50-day simple moving average (SMA 50) of $148.6592 and a 200-day simple moving average (SMA200) of $169.2443.
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The stock witnessed a 0.15% gain in the last 1 month and extending the period to 3 months gives it a -2.66%, and is 1.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.78% over the week and 2.49% over the month.
Nucor Corp. (NUE) has around 32000 employees, a market worth around $35.74B and $32.69B in sales. Current P/E ratio is 10.86 and Fwd P/E is 13.91. Profit margin for the company is 10.41%. Distance from 52-week low is 12.87% and -25.82% from its 52-week high. The company has generated returns on investments over the last 12 months (12.90%).
The EPS is expected to shrink by -47.60% this year
1651.0 institutions hold shares in Nucor Corp. (NUE), with institutional investors hold 80.18% of the company’s shares. The shares outstanding are 244.90M, and float is at 235.78M with Short Float at 1.73%. Institutions hold 79.78% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 28.6 million shares valued at $4.52 billion. The investor’s holdings represent 11.7644 of the NUE Shares outstanding. As of 2024-06-30, the second largest holder is STATE FARM MUTUAL AUTOMOBILE INSURANCE CO with 24.69 million shares valued at $3.9 billion to account for 10.1573 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 20.45 million shares representing 8.4107 and valued at over $3.23 billion, while STATE STREET CORP holds 4.5668 of the shares totaling 11.1 million with a market value of $1.76 billion.
Nucor Corp. (NUE) Insider Activity
The most recent transaction is an insider sale by Needham Daniel R., the company’s Executive Vice President. SEC filings show that Needham Daniel R. sold 8,624 shares of the company’s common stock on Jul 31 ’24 at a price of $160.00 per share for a total of $1.38 million. Following the sale, the insider now owns 99049.0 shares.
Still, SEC filings show that on Mar 22 ’24, Utermark D. Chad (Executive Vice President) disposed off 33,068 shares at an average price of $195.33 for $6.46 million. The insider now directly holds 206,078 shares of Nucor Corp. (NUE).
