Executive Vice President Douglas Jellison Sells 11,491 Shares of Nucor Corp
Executive Vice President Douglas Jellison executed a sale of 11,491 shares of Nucor Corp (NYSE:NUE) on December 20, 2023, according to a recent SEC Filing. Nucor Corp is a leading manufacturer of steel and steel products, with operations in the United States and internationally. The company also engages in the raw materials import, export, and brokerage operations, providing a full range of steel products and services.
Over the past year, the insider has sold a total of 16,685 shares and has not made any purchases of the company's stock.
The insider transaction history for Nucor Corp indicates a pattern of more insider sales than purchases over the past year, with 1 insider buy and 19 insider sells recorded.
On the date of the insider's recent transaction, shares of Nucor Corp were trading at $176.83, giving the company a market capitalization of $43.774 billion.
The stock's price-earnings ratio stands at 9.03, which is below both the industry median of 12.71 and the company's historical median price-earnings ratio.
With the current share price of $176.83 and a GuruFocus Value of $145.89, Nucor Corp's price-to-GF-Value ratio is 1.21, indicating that the stock is considered Modestly Overvalued according to the GF Value metric.
The GF Value is calculated by GuruFocus and takes into account 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 from Morningstar analysts.
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.
This article first appeared on GuruFocus.
