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Sunday, April 2, 2023

Taking On Challenges And Growing? – Nucor Corporation (NUE)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Nucor Corporation (NUE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.065, or 0.04%, to $175.605. The Nucor Corporation has recorded 41,474 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Nucor Provides One-Year Update on New West Virginia Sheet Mill.

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Stocks Info

This NYSE-listed company operates within the Steel industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $175.54 and fluctuated between $177.75 as its day high and $174.02 as its day low. The current market capitalization of Nucor Corporation is $44.38B. A total of 1.84 million shares were traded on the day, compared to an average of 1.83M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. 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 income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Nucor Corporation pays an annual dividend of $2.04, resulting in a dividend yield of 1.16%, and it has a price to earnings (P/E) ratio of 6.04. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for NUE in the last 3 months, the mean price target is $150.67 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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, 12 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 3 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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