Shares of Nucor Co. (NYSE:NUE - Get Free Report) have been given a consensus recommendation of "Hold" by the seven analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $193.14.
NUE has been the subject of several recent research reports. Citigroup raised Nucor from a "neutral" rating to a "buy" rating and increased their price target for the company from $180.00 to $240.00 in a report on Wednesday, March 13th. UBS Group began coverage on Nucor in a report on Tuesday, January 16th. They set a "buy" rating and a $210.00 price target on the stock. BMO Capital Markets dropped their price objective on shares of Nucor from $210.00 to $200.00 and set a "market perform" rating for the company in a report on Wednesday, April 24th. StockNews.com downgraded shares of Nucor from a "buy" rating to a "hold" rating in a research note on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Nucor from $195.00 to $190.00 and set a "neutral" rating for the company in a research note on Wednesday, April 24th.
View Our Latest Stock Report on NUE
Nucor Price Performance
Shares of NUE traded down $1.98 during trading hours on Wednesday, hitting $169.81. 1,247,749 shares of the stock were exchanged, compared to its average volume of 1,437,831. The stock's 50-day moving average price is $187.87 and its two-hundred day moving average price is $175.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.48 and a current ratio of 4.02. The company has a market cap of $40.75 billion, a price-to-earnings ratio of 9.99 and a beta of 1.65. Nucor has a 12-month low of $129.79 and a 12-month high of $203.00.
Nucor (NYSE:NUE - Get Free Report) last issued its earnings results on Monday, April 22nd. The basic materials company reported $3.46 EPS for the quarter, missing analysts' consensus estimates of $3.62 by ($0.16). Nucor had a net margin of 12.40% and a return on equity of 19.62%. The business had revenue of $8.14 billion during the quarter, compared to analyst estimates of $8.26 billion. During the same quarter last year, the company earned $4.45 earnings per share. Nucor's quarterly revenue was down 6.6% on a year-over-year basis. Research analysts expect that Nucor will post 12.55 earnings per share for the current year.
Nucor Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Thursday, March 28th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.27%. Nucor's payout ratio is currently 12.71%.
Insider Activity at Nucor
In related news, insider Michael D. Keller sold 3,145 shares of the business's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $193.67, for a total value of $609,092.15. Following the sale, the insider now owns 24,873 shares in the company, valued at approximately $4,817,153.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Nucor news, EVP Douglas J. Jellison sold 19,506 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.41, for a total value of $3,772,655.46. Following the completion of the transaction, the executive vice president now owns 120,738 shares in the company, valued at $23,351,936.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael D. Keller sold 3,145 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.67, for a total value of $609,092.15. Following the completion of the sale, the insider now owns 24,873 shares in the company, valued at $4,817,153.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,651 shares of company stock worth $6,283,648. Insiders own 0.46% of the company's stock.
Institutional Investors Weigh In On Nucor
Several large investors have recently bought and sold shares of NUE. Rise Advisors LLC purchased a new stake in shares of Nucor during the 1st quarter worth $27,000. Chilton Capital Management LLC lifted its holdings in Nucor by 94.2% during the 1st quarter. Chilton Capital Management LLC now owns 134 shares of the basic materials company's stock worth $27,000 after buying an additional 65 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Nucor during the 1st quarter worth about $28,000. Criterion Capital Advisors LLC purchased a new position in shares of Nucor in the 4th quarter valued at about $25,000. Finally, Tompkins Financial Corp raised its position in shares of Nucor by 208.0% during the 1st quarter. Tompkins Financial Corp now owns 154 shares of the basic materials company's stock worth $30,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company's stock.
Nucor Company Profile
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Get Free ReportNucor Corporation engages in manufacture and sale of steel and steel products. 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 structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.
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