Nucor Corporation (NUE): Finding A Signal Amidst The Noise

Wall Street analysts will be watching closely when Nucor Corporation (NYSE:NUE) reports its quarterly earnings next, which is scheduled for Tue 29 Jan (In 16 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $1.66 per share. In the preceding quarter, the company reportedly generated EPS of $2.33 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 12.40%, a profit margin of 8.60% and a gross margin of 15.50%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Nucor Corporation (NYSE:NUE). Most recently, on January 9th, 2019, Cowen Initiated a Outperform rating. Before that, on January 8th, 2019, Credit Suisse Upgrade to Outperform. Credit Suisse Downgrade a Neutral rating on October 15th, 2018, Seaport Global Securities Initiated an Buy rating on October 11th, 2018, and Seaport Global Securities Initiated a Buy rating on October 11th, 2018.

At its current price point, combined with the fact that this company has 313.38M shares outstanding, the current market capitalization sits at 17.73B. In the last trading day, 1,619,859 shares of Nucor Corporation were traded, which compares to its usual volume of about 2.80M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $2.76 in the past five trading days, resulting in a percentage change of +5.13% and a moving average of 55.54. In the past 20 days, its price changed by $0.29 (which is +0.52%) and the stock’s moving average was 53.66. Looking back a full 50 days, shares of NUE changed by -$0.26 (which is -0.46%) and demonstrated a moving average of 57.73.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 96.94%, a 14-day Stochastic %K score of 97.28% and a 20-day Stochastic %K score of 81.89%. Using a similar metric, Nucor Corporation (NUE) shares showed a Stochastic %D of 93.92% over the past 9 days, a Stochastic %D score of 88.41% over the last 14 days, and a 20-day Stochastic %D of 70.81%. Meanwhile, this stock’s MACD Oscillator was 2.24 over the past 9 days, 3.09 over the past two weeks, and 2.67 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $56.59 level. Over the past 12 months, this stock has experienced a high price of $70.48 and a low of $49.79. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

State Farm Investment Management Held shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Nucor Corporation (NYSE:NUE) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 30,448,900 shares of the company’s stock. This share count represents that State Farm Investment Management now held 9.70% stake in Nucor Corporation (NUE)’s shares.

Just in the most recent trading day, Nucor Corporation (NYSE:NUE) experienced a high price of $56.65 and low point of $55.75. At the end of the last trading session, this stock was at 56.59 per share, following a loss of -$0.3, or 0.18% during the full day.