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Wednesday, March 22, 2023

Nucor Corporation (NUE) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Nucor Corporation (NUE) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $170.74. The Nucor Corporation has recorded 35,819 volume in the after hours trading session.

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Stocks Info

Nucor Corporation is listed on the NYSE in the Basic Materials sector while operating in the Steel industry. At the end of the last regular session, the stock closed at $170.74 and fluctuated between $172.79 as its day high and $169.12 as its day low. The current market capitalization of Nucor Corporation is $44.01B. A total of 1.8 million shares were traded on the day, compared to an average of 1.85M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, NUE has seen 2 BUY and 16 SELL insider trades, representing the acquisition of 45,357 and the disposition of 63,012 shares. Over the last 12 months, there were 29 BUYs and 80 SELLs from insiders. Insiders purchased 367,561 shares during that period but sold 271,500.

In the most recent transaction, Utermark D. Chad sold 45,357 shares of NUE for 177.13 per share on Feb 03. After the transaction, the Executive Vice President now owns 172,629 company shares. In a previous transaction on Feb 03, QUERY KENNETH REX sold 1,962 shares at 177.99 per share. NUE shares that Executive Vice President owns now total 74,138.

Among the insiders who sold shares, Hanners Noah C disposed of 4,900 shares on Feb 02 at a per-share price of $176.63. This resulted in the Executive Vice President holding 12,504 shares of NUE after the transaction. In another insider transaction, Behr Allen C sold 2,613 shares at $168.00 per share on Feb 01. Company shares held by the Executive Vice President now total 57,121.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Nucor Corporation pays an annual dividend of $2.04, resulting in a dividend yield of 1.19%, and it has a price to earnings (P/E) ratio of 5.10. NUE’s most recent ex-dividend date was 3/30/2023 when it declared a $0.51 quarterly dividend that was paid in cash on 5/11/2023. Previously, the company paid the dividend on 2/10/2023 with an ex-dividend date of 12/29/2022. The NUE stock dividend was $0.51 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for NUE in the last 3 months, the mean price target is $146.00 with high estimates of $190.00 and low estimates of $112.00. In terms of 52-week highs and lows, NUE has a high of $187.90 and a low of $100.12.

As of this writing, NUE has an earnings estimate of $3.95 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $4.49 per share and a lower estimate of $3.39. The company reported an EPS of $6.5 in the last quarter, which was -3.40% lower than expectations of $6.73.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 11 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 3.57. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 1 thought it should be Sold.

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