Nucor Corporation [NUE] Revenue clocked in at $21.53 billion, up 83.79% YTD: What’s Next?

Nucor Corporation [NYSE: NUE] traded at a high on 07/12/21, posting a 0.61 gain after which it closed the day’ session at $97.76. The company report on July 10, 2021 that Nucor Invites You to Join Its Second Quarter of 2021 Conference Call on the Web.

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In conjunction with Nucor’s (NYSE: NUE) second quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor’s President and Chief Executive Officer. This conference call will include a review of Nucor’s results for the second quarter ended July 3, 2021, followed by a question and answer session. The event will be available on the Internet on July 22, 2021 at 2 p.m. Eastern Time.

What:.

The results of the trading session contributed to over 1837112 shares changing hands. Over the past one week, the price volatility of Nucor Corporation stands at 3.84% while the volatility over the past one month is 3.14%.

The market cap for NUE stock reached $28.21 billion, with 301.85 million shares outstanding and 297.72 million shares in the current float. Compared to the average trading volume of 3.65M shares, NUE reached a trading volume of 1837112 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Nucor Corporation [NUE]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NUE shares is $96.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NUE stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Nucor Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 16, 2021. While these analysts kept the previous recommendation, BofA Securities raised their target price from $56 to $80. The new note on the price target was released on April 20, 2021, representing the official price target for Nucor Corporation stock. Previously, the target price had yet another raise to $86, while Goldman analysts kept a Buy rating on NUE stock.

The Average True Range (ATR) for Nucor Corporation is set at 3.34, with the Price to Sales ratio for NUE stock in the period of the last 12 months amounting to 1.31. The Price to Book ratio for the last quarter was 2.58, with the Price to Cash per share for the same quarter was set at 9.92.

How has NUE stock performed recently?

Nucor Corporation [NUE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.28. With this latest performance, NUE shares dropped by -8.04% in over the last four-week period, additionally plugging by 74.51% over the last 6 months – not to mention a rise of 141.68% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NUE stock in for the last two-week period is set at 50.86, with the RSI for the last a single of trading hit 53.03, and the three-weeks RSI is set at 51.51 for Nucor Corporation [NUE]. The present Moving Average for the last 50 days of trading for this stock 99.40, while it was recorded at 95.37 for the last single week of trading, and 68.96 for the last 200 days.

Nucor Corporation [NUE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Nucor Corporation [NUE] shares currently have an operating margin of +8.19 and a Gross Margin at +11.16. Nucor Corporation’s Net Margin is presently recorded at +3.56.

Return on Total Capital for NUE is now 10.33, given the latest momentum, and Return on Invested Capital for the company is 4.65. Return on Equity for this stock inclined to 6.78, with Return on Assets sitting at 3.73. When it comes to the capital structure of this company, Nucor Corporation [NUE] has a Total Debt to Total Equity ratio set at 50.39. Additionally, NUE Total Debt to Total Capital is recorded at 33.51, with Total Debt to Total Assets ending up at 27.01. Long-Term Debt to Equity for the company is recorded at 49.57, with the Long-Term Debt to Total Capital now at 32.96.

Reflecting on the efficiency of the workforce at the company, Nucor Corporation [NUE] managed to generate an average of $27,163 per employee. Receivables Turnover for the company is 7.81 with a Total Asset Turnover recorded at a value of 1.05.Nucor Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 3.50.

Earnings analysis for Nucor Corporation [NUE]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NUE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nucor Corporation go to 26.90%.

Insider trade positions for Nucor Corporation [NUE]

There are presently around $22,977 million, or 80.60% of NUE stock, in the hands of institutional investors. The top three institutional holders of NUE stocks are: VANGUARD GROUP INC with ownership of 36,674,582, which is approximately 4.248% of the company’s market cap and around 0.50% of the total institutional ownership; STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, holding 28,209,300 shares of the stock with an approximate value of $2.76 billion in NUE stocks shares; and BLACKROCK INC., currently with $2.12 billion in NUE stock with ownership of nearly 2.999% of the company’s market capitalization.

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Positions in Nucor Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 432 institutional holders increased their position in Nucor Corporation [NYSE:NUE] by around 20,331,255 shares. Additionally, 365 investors decreased positions by around 14,843,578 shares, while 125 investors held positions by with 199,855,929 shares. The mentioned changes placed institutional holdings at 235,030,762 shares, according to the latest SEC report filing. NUE stock had 155 new institutional investments in for a total of 2,835,761 shares, while 78 institutional investors sold positions of 1,521,927 shares during the same period.

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