Media stories about Nucor Corporation (NYSE:NUE) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nucor Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 45.5613812202042 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- $5.38 Billion in Sales Expected for Nucor Corporation (NUE) This Quarter (americanbankingnews.com)
- Nucor Corporation (NUE) Stock Rating Reaffirmed by Jefferies Group LLC (americanbankingnews.com)
- Financial Survey: Nucor Corporation (NUE) and Its Rivals (americanbankingnews.com)
- Nucor Corporation (NUE) versus Its Competitors Head-To-Head Contrast (americanbankingnews.com)
- Technical Research on Steel and Iron Equities — ArcelorMittal, Commercial … (prnewswire.com)
Nucor Corporation (NYSE NUE) opened at 56.15 on Friday. The firm has a 50-day moving average price of $54.88 and a 200 day moving average price of $57.72. The company has a market cap of $17.94 billion, a P/E ratio of 15.76 and a beta of 1.54. Nucor Corporation has a 52 week low of $45.30 and a 52 week high of $68.00.
Nucor Corporation (NYSE:NUE) last issued its quarterly earnings results on Thursday, July 20th. The basic materials company reported $1.00 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 analysts’ expectations of $5.08 billion. Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. Analysts expect that Nucor Corporation will post $3.91 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, September 29th will be given a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, September 28th. Nucor Corporation’s payout ratio is 43.77%.
Several research analysts have recently weighed in on NUE shares. Macquarie started coverage on Nucor Corporation in a research note on Wednesday, September 6th. They set a “neutral” rating and a $57.00 price target for the company. ValuEngine downgraded Nucor Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group LLC set a $68.00 price target on Nucor Corporation and gave the stock a “buy” rating in a research note on Monday, August 21st. Longbow Research reiterated a “buy” rating and set a $66.00 price target on shares of Nucor Corporation in a research note on Thursday, July 27th. Finally, BMO Capital Markets set a $70.00 price target on Nucor Corporation and gave the stock a “hold” rating in a research note on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $67.13.
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In other news, insider Leon J. Topalian sold 2,626 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $60.23, for a total value of $158,163.98. Following the completion of the transaction, the insider now owns 19,610 shares of the company’s stock, valued at $1,181,110.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman John J. Ferriola sold 14,941 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $60.17, for a total value of $898,999.97. Following the completion of the transaction, the chairman now directly owns 361,847 shares of the company’s stock, valued at approximately $21,772,333.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,604 shares of company stock valued at $1,351,495. Corporate insiders own 0.70% of the company’s stock.
About Nucor Corporation
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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