Several analysts have recently updated their ratings and price targets for Nucor Corporation (NYSE: NUE):

  • 10/2/2017 – Nucor Corporation was downgraded by analysts at Longbow Research from a “buy” rating to a “neutral” rating. They now have a $56.04 price target on the stock, up previously from $55.01.
  • 9/28/2017 – Nucor Corporation had its price target lowered by analysts at Credit Suisse Group from $68.00 to $63.00. They now have a “buy” rating on the stock.
  • 9/26/2017 – Nucor Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Earnings estimates for the third quarter for Nucor have been going down of late. Nucor has underperformed the industry it belongs to over the past three months. The company recently lowered its earnings outlook for the third quarter, partly due to the impact of higher steel imports which is expected to put pressure on pricing. The U.S. steel industry is not out of the woods yet. The industry continues to be adversely affected by cheaper imports. Nucor also faces soft demand in certain markets including energy.”
  • 9/19/2017 – Nucor Corporation had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 9/18/2017 – Nucor Corporation had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $62.00 price target on the stock, down previously from $70.00.
  • 9/16/2017 – Nucor Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
  • 9/14/2017 – Nucor Corporation was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $65.00 price target on the stock, up previously from $53.60.
  • 9/12/2017 – Nucor Corporation was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $60.00 price target on the stock, down previously from $78.00.
  • 9/6/2017 – Nucor Corporation had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $73.00 price target on the stock.
  • 9/6/2017 – Nucor Corporation is now covered by analysts at Macquarie. They set a “neutral” rating and a $57.00 price target on the stock.
  • 9/1/2017 – Nucor Corporation was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/26/2017 – Nucor Corporation was given a new $70.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 8/21/2017 – Nucor Corporation was given a new $68.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.

Nucor Corporation (NYSE NUE) opened at 55.96 on Wednesday. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 15.71 and a beta of 1.54. Nucor Corporation has a 12-month low of $45.30 and a 12-month high of $68.00. The firm’s 50-day moving average price is $54.81 and its 200 day moving average price is $57.80.

Nucor Corporation (NYSE:NUE) last announced its earnings results on Thursday, July 20th. The basic materials company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.06). The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $5.08 billion. Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. Nucor Corporation’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. On average, analysts expect that Nucor Corporation will post $3.91 earnings per share for the current year.

The company 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 dividend of $0.3775 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.51 dividend on an annualized basis and a yield of 2.70%. Nucor Corporation’s dividend payout ratio (DPR) is currently 43.77%.

In other news, 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 value of $156,431.42. Following the transaction, the insider now directly owns 62,434 shares of the company’s stock, valued at approximately $3,849,680.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leon J. Topalian sold 2,626 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were 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 directly owns 19,610 shares in the company, valued at $1,181,110.30. The disclosure for this sale can be found here. Insiders have sold 22,604 shares of company stock worth $1,351,495 in the last ninety days. Insiders own 0.70% of the company’s stock.

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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