Is Nucor Corp. (NYSE: NUE) No Longer A Good Investment?

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Google, Microsoft, and Nucor announce a new initiative to aggregate demand to scale the adoption of advanced clean electricity technologies.

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Stocks Info

NUE belongs to the Basic Materials sector of the NYSE while operating in the Steel industry. At the end of the last regular session, the stock closed at $190.95 and fluctuated between $192.24 as its day high and $189.27 as its day low. The current market capitalization of Nucor Corp. is $45.97B. A total of 1.09 million shares were traded on the day, compared to an average of 1.47M shares.

In the most recent transaction, Topalian Leon J sold 16,500 shares of NUE for 182.23 per share on Feb 06 ’24. After the transaction, the Chair, President and CEO now owns 124,058 company shares. In a previous transaction on Feb 01 ’24, 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 ’23 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 ’23. Company shares held by the Director now total 1,000.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Nucor Corp. pays an annual dividend of $2.07, resulting in a dividend yield of 1.08%, and it has a price to earnings (P/E) ratio of 10.61. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, NUE has a high of $195.00 and a low of $129.79.

As of this writing, NUE has an earnings estimate of $3.73 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $4.27 per share and a lower estimate of $3.42. 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 organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $85.51, while its Total Shareholder’s Equity was $14.60B.

Analysts Opinion

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. 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 4.00.

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