Shares of Nucor Co. (NYSE:NUE – Get Free Report) have obtained a median ranking of “Reasonable Purchase” from the eight analysis companies which might be presently masking the corporate, MarketBeat stories. Two analysis analysts have rated the inventory with a maintain ranking, 5 have issued a purchase ranking and one has given a powerful purchase ranking to the corporate. The common 1 yr goal worth amongst analysts which have coated the inventory within the final yr is $192.00.
NUE has been the topic of plenty of latest analyst stories. Argus raised Nucor to a “strong-buy” ranking in a analysis report on Monday, August twenty sixth. JPMorgan Chase & Co. raised shares of Nucor from a “impartial” ranking to an “obese” ranking and upped their worth goal for the inventory from $170.00 to $174.00 in a report on Monday, September ninth. Morgan Stanley lower their goal worth on shares of Nucor from $176.00 to $170.00 and set an “obese” ranking for the corporate in a analysis report on Wednesday, September 18th. BMO Capital Markets lowered their worth goal on Nucor from $175.00 to $160.00 and set a “market carry out” ranking on the inventory in a analysis report on Wednesday, September 18th. Lastly, Financial institution of America lower their worth goal on Nucor from $210.00 to $200.00 and set a “purchase” ranking for the corporate in a analysis report on Wednesday, June twenty sixth.
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Insider Shopping for and Promoting at Nucor
In different information, EVP Daniel R. Needham offered 8,624 shares of Nucor inventory in a transaction that occurred on Wednesday, July thirty first. The inventory was offered at a median worth of $160.00, for a complete transaction of $1,379,840.00. Following the sale, the chief vice chairman now owns 99,049 shares of the corporate’s inventory, valued at roughly $15,847,840. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Trade Fee, which may be accessed by means of the SEC web site. Insiders personal 0.46% of the corporate’s inventory.
Hedge Funds Weigh In On Nucor
Hedge funds and different institutional buyers have not too long ago made adjustments to their positions within the enterprise. Duncan Williams Asset Administration LLC acquired a brand new place in Nucor within the third quarter value about $271,000. SG Americas Securities LLC grew its stake in shares of Nucor by 188.1% within the third quarter. SG Americas Securities LLC now owns 47,294 shares of the essential supplies firm’s inventory valued at $7,110,000 after buying an extra 30,879 shares in the course of the interval. Czech Nationwide Financial institution raised its holdings in shares of Nucor by 5.8% within the third quarter. Czech Nationwide Financial institution now owns 48,348 shares of the essential supplies firm’s inventory value $7,269,000 after shopping for an extra 2,659 shares within the final quarter. Cascade Funding Advisors Inc. boosted its stake in Nucor by 2.7% within the third quarter. Cascade Funding Advisors Inc. now owns 10,385 shares of the essential supplies firm’s inventory valued at $1,561,000 after shopping for an extra 270 shares within the final quarter. Lastly, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance coverage Group grew its place in Nucor by 2.5% within the second quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance coverage Group now owns 7,511 shares of the essential supplies firm’s inventory valued at $1,187,000 after buying an extra 184 shares in the course of the interval. 76.48% of the inventory is owned by institutional buyers.
Nucor Inventory Up 0.1 %
NUE inventory opened at $151.44 on Friday. The agency has a market cap of $36.31 billion, a PE ratio of 8.91 and a beta of 1.55. Nucor has a 1 yr low of $133.42 and a 1 yr excessive of $203.00. The corporate has a fifty day easy shifting common of $147.33 and a 200 day easy shifting common of $163.72. The corporate has a present ratio of two.93, a fast ratio of 1.85 and a debt-to-equity ratio of 0.26.
Nucor (NYSE:NUE – Get Free Report) final introduced its quarterly earnings outcomes on Monday, July twenty second. The essential supplies firm reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.37. The corporate had income of $8.08 billion in the course of the quarter, in comparison with analysts’ expectations of $7.69 billion. Nucor had a return on fairness of 15.69% and a internet margin of 10.45%. The enterprise’s quarterly income was down 15.2% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the agency earned $5.81 earnings per share. Promote-side analysts anticipate that Nucor will publish 9.28 EPS for the present fiscal yr.
Nucor Dividend Announcement
The corporate additionally not too long ago introduced a quarterly dividend, which shall be paid on Friday, November eighth. Traders of file on Friday, September twenty seventh shall be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized foundation and a yield of 1.43%. The ex-dividend date is Friday, September twenty seventh. Nucor’s dividend payout ratio (DPR) is presently 12.71%.
Nucor Firm Profile
Nucor Company engages in manufacture and sale of metal and metal merchandise. It operates in three segments: metal mills, metal merchandise, and uncooked supplies. The Metal Mills phase produces hot-rolled, cold-rolled, and galvanized sheet metal merchandise; plate metal merchandise; wide-flange beams, beam blanks, and H-piling and sheet piling structural metal merchandise; bar metal merchandise, akin to blooms, billets, concrete reinforcing and service provider bars, and engineered particular bar high quality merchandise; and engages within the metal buying and selling and rebar distribution companies.
Additional Studying
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