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Friday, December 2, 2022

Searching For Real Value In Market Debris At Nucor Corporation (NYSE: NUE)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Nucor Corporation (NUE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$5.02, or +4.39%, to $119.35. Volume reached 80,879 shares, with price reaching a high of $119.35 and a low of $119.25. Yahoo Finance discussed the stock recently as it posted Nucor to Host Investor Day in November.


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Stocks Info

As a NYSE listed company, NUE falls under the Basic Materials sector while operating within the Steel industry segment. At the end of the last regular session, the stock closed at $119.31 and fluctuated between $119.52 as its day high and $115.55 as its day low. The current market capitalization of Nucor Corporation is $30.74B. A total of 2.2 million shares were traded on the day, compared to an average of 2.04M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NUE has seen 0 BUY and 5 SELL insider trades, representing the acquisition of 0 and the disposition of 12,760 shares. Over the last 12 months, there were 38 BUYs and 61 SELLs from insiders. Insiders purchased 456,321 shares during that period but sold 203,931.

In the most recent transaction, QUERY KENNETH REX sold 5,000 shares of NUE for 141.64 per share on Aug 10. After the transaction, the Executive Vice President now owns 76,100 company shares. In a previous transaction on Jul 26, Behr Allen C sold 4,353 shares at 122.57 per share. NUE shares that Executive Vice President owns now total 59,734.

Among the insiders who sold shares, Behr Allen C disposed of 3,407 shares on Jul 25 at a per-share price of $122.17. This resulted in the Executive Vice President holding 64,087 shares of NUE after the transaction. In another insider transaction, Topalian Leon J sold 48,768 shares at $112.61 per share on Jun 17. Company shares held by the President and CEO now total 135,809.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Nucor Corporation pays an annual dividend of $2.00, resulting in a dividend yield of 1.68%, and it has a price to earnings (P/E) ratio of 3.65. NUE’s most recent ex-dividend date was 09/29/2022 when it declared a $0.50 quarterly dividend that was paid in cash on 11/10/2022. Previously, the company paid the dividend on 08/11/2022 with an ex-dividend date of 06/29/2022. The dividend was $0.50 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NUE in the last 3 months, the mean price target is $126.62 with high estimates of $180.00 and low estimates of $97.00. In terms of 52-week highs and lows, NUE has a high of $187.90 and a low of $88.50.

As of this writing, NUE has an earnings estimate of $6.45 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $6.61 per share and a lower estimate of $6.35. The company reported an EPS of $9.67 in the last quarter, which was 8.53% higher than expectations of $8.91.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NUE is Hold with a score of 3.33. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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