Is Nucor Corp. (NYSE: NUE) The Best Stock To Invest In?

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. The stock was recently discussed on Yahoo Finance as it revealed that Nucor Reports Results for the Fourth Quarter and Full Year 2023.

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Stocks Info

Nucor Corp. is listed on the NYSE in the Basic Materials sector while operating in the Steel industry. The current market capitalization of Nucor Corp. is $44.82B. A total of 1.51 million shares were traded on the day, compared to an average of 1.51M 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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 43 BUYs and 81 SELLs from insiders. Insiders purchased 433,349 shares during that period but sold 218,682.

In the most recent transaction, QUERY KENNETH REX sold 5,500 shares of NUE for 186.37 per share on Feb 01. After the transaction, the Executive Vice President now owns 85,326 company shares. In a previous transaction on Dec 20, Jellison Douglas J sold 11,491 shares at 176.83 per share. NUE shares that Executive Vice President owns now total 127,615.

Among the insiders who bought shares, Gangestad Nicholas C acquired of 1,000 shares on Dec 19 at a per-share price of $176.61. This resulted in the Director holding 1,000 shares of NUE after the transaction. In another insider transaction, Keller Michael D sold 6,771 shares at $177.46 per share on Dec 19. Company shares held by the Vice Pres. and Corp. Contro now total 24,403.

Dividend

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 Corp. pays an annual dividend of $2.11, resulting in a dividend yield of 1.16%, and it has a price to earnings (P/E) ratio of 10.13. NUE’s most recent ex-dividend date was 12/28/2023 when it declared a $0.54 quarterly dividend that was paid in cash on 2/9/2024. Previously, the company paid the dividend on 11/9/2023 with an ex-dividend date of 9/28/2023. 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 $184.86 with high estimates of $210.00 and low estimates of $154.00. In terms of 52-week highs and lows, NUE has a high of $190.96 and a low of $129.79.

As of this writing, NUE has an earnings estimate of $NextEra Energy, Inc. per share for the current quarter. EPS was calculated based on a consensus of Nike, Inc. estimates, with a high estimate of $Nucor Corporation per share and a lower estimate of $Nu Holdings Ltd.

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. NUE’s latest balance sheet shows that the firm has $2.62B in Cash & Short Term Investments as of fiscal 2021. There were $5.68B in debt and $5.16B in liabilities at the time. Its Book Value Per Share was $82.28, while its Total Shareholder’s Equity was $14.60B.

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, 0 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 Buy with a score of 3.80.

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