After Hours
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. Yahoo Finance discussed the stock recently as it posted Nucor Board of Directors Approves Funding for New Pacific Northwest Rebar Micro Mill.
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Stocks Info
The company is listed on the NYSE and operates within the Steel industry segment. At the end of the last regular session, the stock closed at $189.99 and fluctuated between $190.85 as its day high and $186.20 as its day low. The current market capitalization of Nucor Corp. is $46.71B. A total of 1.1 million shares were traded on the day, compared to an average of 1.59M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 31 BUYs and 81 SELLs from insiders. Insiders purchased 299,238 shares during that period but sold 218,682.
In the most recent transaction, Topalian Leon J sold 16,500 shares of NUE for 182.23 per share on Feb 06. After the transaction, the Chair, President and CEO now owns 124,058 company shares. In a previous transaction on Feb 01, QUERY KENNETH REX sold 5,500 shares at 186.37 per share. NUE shares that Executive Vice President owns now total 85,326.
Among the insiders who sold shares, Jellison Douglas J disposed of 11,491 shares on Dec 20 at a per-share price of $176.83. This resulted in the Executive Vice President holding 127,615 shares of NUE after the transaction. In another insider transaction, Gangestad Nicholas C bought 1,000 shares at $176.61 per share on Dec 19. Company shares held by the Director now total 1,000.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Nucor Corp. pays an annual dividend of $2.07, resulting in a dividend yield of 1.09%, and it has a price to earnings (P/E) ratio of 10.56. NUE’s most recent ex-dividend date was 3/27/2024 when it declared a $0.54 quarterly dividend that was paid in cash on 5/10/2024. Previously, the company paid the dividend on 2/9/2024 with an ex-dividend date of 12/28/2023. The NUE stock dividend was $0.54 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for NUE in the last 3 months, the mean price target is $188.15 with high estimates of $210.00 and low estimates of $178.20. 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 $3.85 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $4.27 per share and a lower estimate of $3.59. The company reported an EPS of $4.57 in the last quarter, which was 7.50% higher than expectations of $4.25.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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
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. 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.
