Currently, there are 234.81M common shares owned by the public and among those 233.29M shares have been available to trade.
The company’s stock has a 5-day price change of 1.18% and -10.46% over the past three months. NUE shares are trading 8.43% year to date (YTD), with the 12-month market performance down to -27.56% lower. It has a 12-month low price of $112.25 and touched a high of $203.00 over the same period. NUE has an average intraday trading volume of 2.27 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 4.87%, -4.06%, and -16.32% respectively.
Institutional ownership of Nucor Corp (NYSE: NUE) shares accounts for 77.66% of the company’s 234.81M shares outstanding.
It has a market capitalization of $29.72B and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 15.06, while the earnings-per-share (ttm) stands at $8.40. The company has a PEG of 0.93 and a Quick Ratio of 1.48 with the debt-to-equity ratio at 0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.40% over the week and 2.89% over the month.
Earnings per share for the fiscal year are expected to decrease by -8.36%, and 43.79% over the next financial year. EPS should grow at an annualized rate of 16.24% over the next five years, compared to 15.38% over the past 5-year period.
Looking at the support for the NUE, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on December 12, 2024, with the firm’s price target at $171-$156. Goldman coverage for the Nucor Corp (NUE) stock in a research note released on December 02, 2024 offered a Buy rating with a price target of $190. JP Morgan was of a view on September 09, 2024 that the stock is Overweight, while Morgan Stanley gave the stock Overweight rating on August 15, 2024, issuing a price target of $187- $176. Jefferies on their part issued Hold rating on May 20, 2024.
