Currently, there are 244.90M common shares owned by the public and among those 235.78M shares have been available to trade.
The company’s stock has a 5-day price change of -3.71% and -5.67% over the past three months. NUE shares are trading -16.10% year to date (YTD), with the 12-month market performance up to 3.30% higher. It has a 12-month low price of $133.42 and touched a high of $203.00 over the same period. NUE has an average intraday trading volume of 1.48 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.92%, -1.08%, and -12.74% respectively.
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Institutional ownership of Nucor Corp. (NYSE: NUE) shares accounts for 79.07% of the company’s 244.90M shares outstanding.
It has a market capitalization of $34.66B and a beta (3y monthly) value of 1.56. The stock’s trailing 12-month PE ratio is 14.11, while the earnings-per-share (ttm) stands at $10.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.10% over the week and 2.35% over the month.
Earnings per share for the fiscal year are expected to decrease by -50.53%, and 11.33% over the next financial year. EPS should shrink at an annualized rate of -4.98% over the next five years, compared to 19.38% over the past 5-year period.
Looking at the support for the NUE, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on September 09, 2024, with the firm’s price target at $170-$174. Morgan Stanley coverage for the Nucor Corp. (NUE) stock in a research note released on August 15, 2024 offered a Overweight rating with a price target of $176. Jefferies was of a view on May 20, 2024 that the stock is Hold, while Citigroup gave the stock Buy rating on March 13, 2024, issuing a price target of $180- $240. UBS on their part issued Buy rating on January 16, 2024.
