Posted by admin on May 14th, 2022

Shares of Nucor Co. (NYSE:NUE – Get Rating) have received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $143.64.

A number of research firms recently issued reports on NUE. Argus increased their target price on shares of Nucor from $140.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, April 25th. JPMorgan Chase & Co. increased their target price on shares of Nucor from $113.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, March 24th. Zacks Investment Research downgraded shares of Nucor from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research report on Wednesday, April 20th. The Goldman Sachs Group increased their target price on shares of Nucor from $134.00 to $148.00 and gave the stock a “neutral” rating in a research report on Friday, April 22nd. Finally, StockNews.com started coverage on shares of Nucor in a research report on Thursday, March 31st. They set a “buy” rating for the company.

In other Nucor news, insider Michael D. Keller sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $154.58, for a total transaction of $556,488.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Allen C. Behr sold 3,014 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $143.40, for a total value of $432,207.60. The disclosure for this sale can be found here. Insiders sold 31,639 shares of company stock worth $4,736,302 over the last ninety days. 0.46% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. MFA Wealth Advisors LLC acquired a new position in shares of Nucor during the third quarter valued at $25,000. Westside Investment Management Inc. acquired a new position in shares of Nucor during the fourth quarter valued at $25,000. Consolidated Planning Corp acquired a new position in shares of Nucor during the third quarter valued at $27,000. Rational Advisors LLC acquired a new position in shares of Nucor during the fourth quarter valued at $28,000. Finally, Riverview Trust Co acquired a new position in shares of Nucor during the first quarter valued at $28,000. 77.70% of the stock is owned by institutional investors.

NUE stock opened at $123.79 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.88 and a debt-to-equity ratio of 0.38. The company has a market cap of $33.27 billion, a price-to-earnings ratio of 4.43 and a beta of 1.22. The business has a fifty day simple moving average of $147.76 and a 200-day simple moving average of $125.60. Nucor has a 52 week low of $87.71 and a 52 week high of $187.90.

Nucor (NYSE:NUE – Get Rating) last announced its quarterly earnings results on Thursday, April 21st. The basic materials company reported $7.67 EPS for the quarter, topping the consensus estimate of $7.39 by $0.28. The company had revenue of $10.49 billion during the quarter, compared to analyst estimates of $10.72 billion. Nucor had a return on equity of 55.61% and a net margin of 19.97%. The firm’s revenue was up 49.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.10 earnings per share. As a group, analysts expect that Nucor will post 23.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 11th. Stockholders of record on Thursday, March 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Wednesday, March 30th. Nucor’s payout ratio is currently 7.15%.

Nucor Company Profile (Get Rating)

Nucor Corporation manufactures and sells steel and steel products. The company's 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; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.

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