Nucor Co. (NYSE:NUE) has been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $61.89.
A number of research firms have weighed in on NUE. KeyCorp decreased their price objective on Nucor from $66.00 to $61.00 and set an “overweight” rating for the company in a research report on Monday, June 17th. UBS Group set a $59.00 price objective on Nucor and gave the company a “hold” rating in a research report on Wednesday, May 8th. Deutsche Bank lowered Nucor from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. Credit Suisse Group set a $61.00 price objective on Nucor and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Bank of America lowered Nucor from a “buy” rating to an “underperform” rating and cut their price objective for the company from $68.00 to $50.00 in a research report on Friday, May 31st.
In other news, insider Ladd R. Hall sold 28,998 shares of Nucor stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $56.90, for a total transaction of $1,649,986.20. Following the sale, the insider now directly owns 292,776 shares of the company’s stock, valued at $16,658,954.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Raymond S. Napolitan, Jr. sold 7,214 shares of Nucor stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $56.32, for a total value of $406,292.48. Following the sale, the insider now directly owns 143,826 shares in the company, valued at $8,100,280.32. The disclosure for this sale can be found here. Insiders sold 61,203 shares of company stock worth $3,465,601 over the last three months. 0.96% of the stock is currently owned by corporate insiders.
Nucor stock traded down $1.98 during mid-day trading on Friday, reaching $46.95. 1,610,432 shares of the company were exchanged, compared to its average volume of 1,865,940. Nucor has a twelve month low of $46.76 and a twelve month high of $66.03. The firm’s 50-day simple moving average is $53.13 and its two-hundred day simple moving average is $55.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.76 and a current ratio of 3.56. The firm has a market cap of $14.83 billion, a PE ratio of 6.16, a price-to-earnings-growth ratio of 0.83 and a beta of 1.61.
Nucor (NYSE:NUE) last posted its quarterly earnings data on Thursday, July 18th. The basic materials company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01. Nucor had a return on equity of 21.65% and a net margin of 8.84%. The company had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period last year, the firm earned $2.07 EPS. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that Nucor will post 4.86 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, June 28th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.41%. The ex-dividend date was Thursday, June 27th. Nucor’s dividend payout ratio (DPR) is presently 21.00%.
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.
Featured Article: Trade War
Receive News & Ratings for Nucor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor and related companies with MarketBeat.com's FREE daily email newsletter.