Nucor Corp (NYSE: NUE) is -4.69% lower on its value in year-to-date trading and has touched a low of $97.59 and a high of $199.15 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 $109.44 in the last trading session, with the day’s gains setting it 1.8%.
Currently trading at $111.24, the stock is -7.08% and -13.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.78 million and changing 1.64% at the moment leaves the stock -20.64% off its SMA200. NUE registered -43.87% loss for a year compared to 6-month loss of -26.73%. The firm has a 50-day simple moving average (SMA 50) of $128.2326 and a 200-day simple moving average (SMA200) of $140.16554.
The stock witnessed a -14.14% gain in the last 1 month and extending the period to 3 months gives it a -5.86%, and is 7.77% 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 8.85% over the week and 4.75% over the month.
Nucor Corp (NUE) has around 32700 employees, a market worth around $25.67B and $30.73B in sales. Current P/E ratio is 13.24 and Fwd P/E is 10.23. Profit margin for the company is 6.57%. Distance from 52-week low is 13.99% and -44.14% from its 52-week high. The company has generated returns on investments over the last 12 months (7.74%).
with sales reaching $7.31B over the same period.The EPS is expected to shrink by -5.54% this year, but quarterly earnings will post 3.76% year-over-year. Quarterly sales are estimated to shrink -10.19% in year-over-year returns.
Nucor Corp (NUE) Top Institutional Holders
1571.0 institutions hold shares in Nucor Corp (NUE), with institutional investors hold 80.10% of the company’s shares. The shares outstanding are 232.80M, and float is at 229.13M with Short Float at 2.33%. Institutions hold 79.74% 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 10.3064 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 20.45 million shares representing 8.5342% and valued at over $3.23 billion, while STATE STREET CORP holds 4.6338 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 Behr Allen C, the company’s Executive Vice President. SEC filings show that Behr Allen C sold 4,968 shares of the company’s common stock on Nov 11 ’24 at a price of $159.72 per share for a total of $0.79 million. Following the sale, the insider now owns 85376.0 shares.
Still, SEC filings show that on Nov 06 ’24, Topalian Leon J (Chair, President and CEO) disposed off 11,000 shares at an average price of $169.11 for $1.86 million. The insider now directly holds 172,136 shares of Nucor Corp (NUE).
