Press coverage about Nucor (NYSE:NUE) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nucor earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 45.9509016754926 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- KeyCorp Weighs in on Nucor Co.’s FY2018 Earnings (NUE) (americanbankingnews.com)
- Hot Tickers: Hormel Foods Corporation (HRL), Nucor Corporation (NUE) – Market Movers (financialqz.com)
- Steel Stocks Pop As U.S. Slaps Huge Duties on Vietnam Imports (finance.yahoo.com)
- Is the Stock Safe to Invest?: Nucor Corporation (NYSE: NUE) – Alpha Beta Stock (alphabetastock.com)
- Hot Tickers: Carnival Corporation (CCL), Nucor Corporation (NUE) – Market Movers (financialqz.com)
Several analysts recently issued reports on the stock. ValuEngine raised shares of Nucor from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. BMO Capital Markets set a $62.00 price objective on shares of Nucor and gave the company a “hold” rating in a research note on Friday, November 17th. Zacks Investment Research raised shares of Nucor from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Cowen upped their price objective on shares of Nucor from $57.00 to $63.00 and gave the company a “market perform” rating in a research note on Monday, October 23rd. Finally, Bank of America dropped their price objective on shares of Nucor from $73.00 to $71.00 and set a “buy” rating for the company in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. Nucor currently has a consensus rating of “Buy” and an average price target of $67.32.
Nucor (NYSE:NUE) traded up $1.58 during trading on Friday, hitting $60.17. 5,821,566 shares of the stock traded hands, compared to its average volume of 2,165,596. Nucor has a twelve month low of $51.67 and a twelve month high of $66.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.12 and a current ratio of 2.11. The stock has a market cap of $18,626.74, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.32 and a beta of 1.58.
Nucor (NYSE:NUE) last posted its quarterly earnings results on Thursday, October 19th. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. Nucor had a net margin of 5.80% and a return on equity of 12.78%. The business had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the prior year, the company posted $0.88 EPS. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. research analysts forecast that Nucor will post 3.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, December 29th will be paid a $0.38 dividend. This is a boost from Nucor’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.52 annualized dividend and a dividend yield of 2.53%. Nucor’s dividend payout ratio is 43.90%.
In other news, insider D. Chad Utermark sold 9,003 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $59.72, for a total value of $537,659.16. Following the completion of the sale, the insider now owns 73,883 shares of the company’s stock, valued at approximately $4,412,292.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Victoria F. Haynes sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $55.16, for a total transaction of $137,900.00. Following the completion of the sale, the director now directly owns 33,573 shares of the company’s stock, valued at approximately $1,851,886.68. The disclosure for this sale can be found here. In the last three months, insiders sold 44,217 shares of company stock valued at $2,608,231. Corporate insiders own 0.70% of the company’s stock.
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Nucor Corporation (Nucor) manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in its steel mills. It operates in three segments: steel mills, steel products and raw materials. The steel mills segment produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar, wire rod and special bar quality).
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