Media stories about Nucor Corporation (NYSE:NUE) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nucor Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.9834392804314 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Nucor Corporation (NUE) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Analysts’ Report Recap – Nucor Corporation (NYSE:NUE) – The Investor Guide (wallstreetnews24.com)
- Daily Dividend Report: IDCC, ORCL, TJX, AVB, NUE – Nasdaq (nasdaq.com)
- Can U.S. Steel Rise above $30? What Wall Street Thinks (finance.yahoo.com)
- Nucor Announces the Addition of General Lloyd J. Austin III to the Nucor Board of Directors (finance.yahoo.com)
Several research analysts have recently weighed in on the stock. BidaskClub raised shares of Nucor Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research cut shares of Nucor Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. KeyCorp reaffirmed an “overweight” rating and issued a $66.00 price target (down previously from $72.00) on shares of Nucor Corporation in a report on Monday, June 26th. ValuEngine cut shares of Nucor Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Credit Suisse Group raised shares of Nucor Corporation from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $56.00 to $68.00 in a report on Wednesday, May 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $68.47.
Nucor Corporation (NYSE NUE) opened at 53.50 on Friday. The company has a 50-day moving average price of $55.44 and a 200-day moving average price of $58.47. Nucor Corporation has a 1-year low of $45.30 and a 1-year high of $68.00. The company has a market cap of $17.09 billion, a PE ratio of 15.02 and a beta of 1.53.
Nucor Corporation (NYSE:NUE) last announced its quarterly earnings results on Thursday, July 20th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.06). The company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $5.08 billion. Nucor Corporation had a net margin of 6.08% and a return on equity of 13.39%. The business’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. On average, analysts expect that Nucor Corporation will post $4.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, September 29th will be issued a $0.3775 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 2.82%. Nucor Corporation’s dividend payout ratio (DPR) is presently 43.77%.
In other news, Chairman John J. Ferriola sold 14,941 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $60.17, for a total value of $898,999.97. Following the sale, the chairman now directly owns 361,847 shares in the company, valued at approximately $21,772,333.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Sumoski sold 2,537 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $61.66, for a total transaction of $156,431.42. Following the completion of the sale, the insider now owns 62,434 shares in the company, valued at $3,849,680.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,104 shares of company stock worth $1,213,595. Insiders own 0.70% of the company’s stock.
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Nucor Corporation 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).
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