On December 19, 2023, Allen Behr, Executive Vice President of Nucor Corp (NUE, Financial), executed a sale of 6,000 shares of the company's stock. The transaction was filed with the SEC and can be found in detail through this SEC Filing.
Nucor Corp is a leading manufacturer of steel and steel products. The company also operates through its subsidiaries in the fields of steel trading, steel recycling, and the production of raw materials. With a diverse product range and a commitment to sustainability and innovation, Nucor Corp serves various industries including construction, automotive, infrastructure, and renewable energy.
Over the past year, the insider has sold a total of 26,613 shares and has not made any purchases. This latest transaction continues the trend observed over the past year, which includes 1 insider buy and 18 insider sells.
On the day of the sale, shares of Nucor Corp were trading at $176.5, resulting in a market capitalization of $43,420.084 billion. The price-earnings ratio of the stock stands at 8.96, which is below both the industry median of 12.68 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.21, with a GF Value of $145.92, indicating that Nucor Corp is considered Modestly Overvalued according to GuruFocus' valuation model.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider's recent sale may provide investors with insight into the insider's perspective on the stock's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
