2 weeks Ago By ABMN Staff
Argus upgraded shares of Nucor ( NYSE:NUE – Free Report ) to a strong-buy rating in a research note released on Monday, Zacks.com reports. NUE has been the subject of a number of other reports.
Jefferies Financial Group began coverage on Nucor in a report on Monday, May 20th. They issued a hold rating and a $190.00 price target for the company.
JPMorgan Chase & Co. decreased their price target on Nucor from $180.00 to $170.
00 and set a neutral rating on the stock in a research report on Tuesday, July 16th. Morgan Stanley upgraded shares of Nucor from an equal weight rating to an overweight rating and cut their price objective for the company from $187.00 to $176.
00 in a research report on Thursday, August 15th. Bank of America decreased their target price on shares of Nucor from $210.00 to $200.
00 and set a buy rating on the stock in a report on Wednesday, June 26th. Finally, BMO Capital Markets lowered their target price on shares of Nucor from $185.00 to $175.
00 and set a market perform rating on the stock in a research note on Monday, June 17th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.
com, Nucor presently has a consensus rating of Moderate Buy and a consensus price target of $194.43. Check Out Our Latest Report on NUE Nucor Price Performance Nucor ( NYSE:NUE – Get Free Report ) last posted its quarterly earnings results on Monday, July 22nd.
The basic materials company reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.
37. The company had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $7.
69 billion. Nucor had a net margin of 10.45% and a return on equity of 15.
69%. Nucor’s revenue was down 15.2% on a year-over-year basis.
During the same quarter in the previous year, the firm posted $5.81 EPS. On average, equities research analysts forecast that Nucor will post 10.
57 earnings per share for the current year. Nucor Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, June 28th were issued a $0.
54 dividend. The ex-dividend date was Friday, June 28th. This represents a $2.
16 annualized dividend and a dividend yield of 1.44%. Nucor’s dividend payout ratio is currently 12.
71%. Insider Buying and Selling In other news, EVP Daniel R. Needham sold 8,624 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st.
The shares were sold at an average price of $160.00, for a total value of $1,379,840.00.
Following the transaction, the executive vice president now owns 99,049 shares in the company, valued at $15,847,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . 0.
46% of the stock is owned by corporate insiders. Hedge Funds Weigh In On Nucor Several hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake in shares of Nucor by 6.
7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 865 shares of the basic materials company’s stock valued at $151,000 after purchasing an additional 54 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in Nucor by 0.
8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,191 shares of the basic materials company’s stock valued at $1,252,000 after acquiring an additional 55 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of Nucor by 54.
1% during the 1st quarter. Fortitude Family Office LLC now owns 168 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 59 shares during the period. GPS Wealth Strategies Group LLC raised its position in shares of Nucor by 4.
1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,630 shares of the basic materials company’s stock worth $258,000 after acquiring an additional 64 shares in the last quarter. Finally, Chilton Capital Management LLC lifted its stake in shares of Nucor by 94.
2% in the 1st quarter. Chilton Capital Management LLC now owns 134 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 65 shares during the period. 76.
48% of the stock is owned by hedge funds and other institutional investors. Nucor Company Profile ( Get Free Report ) Nucor 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. Recommended Stories 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 .
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