Home Sectors Basic Materials Current Fundamentals: Nucor Corporation (NYSE: NUE)

Current Fundamentals: Nucor Corporation (NYSE: NUE)

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Nucor Corporation is in the steel industry and is part of the basic materials sector. The company CEO is John J. Ferriola. Nucor Corp and its affiliates are engaged in the manufacturing of steel and steel products. It also produces direct reduced iron for use in the steel mills. The company is involved in every phase of the steelmaking.

Previous Intraday Trading Performance:

The NUE stock showed a previous change of 0.13% with an open at 59.65 and a close of 59.90. It reached an intraday high of 60.04 and a low of 59.03.

SeekingAlpha:  Steel companies sink as ArcelorMittal, Norsk Hydro raise demand alarms

Liquidity:

The stock has a market cap of $18.3b with 305.6m shares outstanding, of which the float is 302.2m shares. Trading volume reached 2,525,485 shares compared to its average volume of 2,623,254 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Nucor Corporation shares returned -2.41% and in the past 30 trading days it returned 15.41%. Over three months, it changed -2.90%. In one year it has changed -3.09% and within that year its 52-week high was 69.79 and its 52-week low was 49.79. NUE stock is 20.31% above its 52 Week Low.

Our calculations show a 200 day moving average of 61.06 and a 50 day moving average of 56.81. Currently NUE stock is trading -1.90% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

SeekingAlpha:  Steel companies sink as ArcelorMittal, Norsk Hydro raise demand alarms

Earnings:

The last annual fiscal EPS for the company was reported at 7.64 that ended on 31st of December 2018, which according to the previous close, that is a PE of 8.06. Based on 7 analyst estimates, the consensus EPS for the next quarter is 1.93. The TTM EPS is 7.64, which comes to a TTM PE of 7.84. Historically, the PE high was 60.70 and the PE low was 7.84. NUE stock has set a new PE low record!

The following are the last four quarter reported earnings per share:
12-31-2018:  2.07
09-30-2018:  2.33
06-30-2018:  2.07
03-31-2018:  1.17

The dividend per share is currently 1.60, which is a dividend yield of 2.67%. Also, the payout ratio is 20.94%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 53.84, which means it may be overvalued by -11.26%

Indicators to Watch:

Based on the latest filings, there is 1.10% of insider ownership and 113.40% of institutional ownership. Short-interest is 6,719,540, which is 2.20% of shares outstanding. The short-interest ratio or days-to-cover ratio is 2.70. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.54

SeekingAlpha:  Defense bears to be disappointed by budget – Baird

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 25.48%, return on assets is 13.98%, profit margin is 9.90%, price-to-sales is 0.73 and price-to-book is 1.87.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 6  :Past Performance Score
 5  :Financial Strength Score
 0  :Future Growth Score
 4  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.