Shares of Nucor Co. (NYSE:NUE) have received an average recommendation of “Buy” from the seventeen ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $71.04.
Several analysts have recently commented on NUE shares. Zacks Investment Research raised shares of Nucor from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. ValuEngine raised shares of Nucor from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Jefferies Group restated a “buy” rating and issued a $77.00 price objective on shares of Nucor in a report on Tuesday, January 9th. BMO Capital Markets set a $62.00 price objective on shares of Nucor and gave the company a “hold” rating in a report on Friday, November 17th. Finally, Longbow Research upgraded shares of Nucor from a “neutral” rating to a “buy” rating in a report on Wednesday, December 20th.
Shares of Nucor (NYSE NUE) traded up $2.96 during trading on Tuesday, reaching $68.54. 5,274,946 shares of the company’s stock traded hands, compared to its average volume of 3,260,000. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.42 and a quick ratio of 1.19. The company has a market capitalization of $21,790.00, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.17 and a beta of 1.56. Nucor has a 1 year low of $51.67 and a 1 year high of $70.48.
Nucor (NYSE:NUE) last issued its quarterly earnings data on Tuesday, January 30th. The basic materials company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.10. The firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Nucor had a net margin of 6.58% and a return on equity of 13.03%. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. equities analysts expect that Nucor will post 4.87 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, December 29th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This is a positive change from Nucor’s previous quarterly dividend of $0.38. This represents a $1.52 annualized dividend and a yield of 2.22%. Nucor’s dividend payout ratio (DPR) is 37.07%.
In other Nucor news, EVP Robert J. Stratman sold 39,037 shares of the stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $63.88, for a total value of $2,493,683.56. Following the sale, the executive vice president now directly owns 233,824 shares in the company, valued at $14,936,677.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman John J. Ferriola sold 14,313 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $64.12, for a total transaction of $917,749.56. Following the completion of the sale, the chairman now owns 333,775 shares in the company, valued at $21,401,653. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Independence Bank of Kentucky acquired a new stake in Nucor in the fourth quarter worth $100,000. Barrett Asset Management LLC acquired a new stake in Nucor in the fourth quarter worth $101,000. Cerebellum GP LLC acquired a new stake in Nucor in the fourth quarter worth $131,000. Financial Gravity Companies Inc. acquired a new stake in Nucor in the fourth quarter worth $140,000. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in Nucor in the fourth quarter worth $147,000. Institutional investors own 74.10% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Nucor Co. (NUE) Receives Consensus Recommendation of “Buy” from Brokerages” was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.thelincolnianonline.com/2018/02/18/nucor-co-nue-receives-consensus-recommendation-of-buy-from-brokerages.html.
Nucor Company Profile
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).
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.