Nucor Corporation (NUE) Earning Somewhat Positive News Coverage, Analysis Shows

News articles about Nucor Corporation (NYSE:NUE) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nucor Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 46.2160021926102 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Shares of Nucor Corporation (NUE) traded up $0.01 during mid-day trading on Friday, reaching $54.80. 1,303,666 shares of the company’s stock traded hands, compared to its average volume of 2,176,156. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.11 and a quick ratio of 1.12. Nucor Corporation has a 52 week low of $51.67 and a 52 week high of $68.00. The stock has a market cap of $17,421.84, a PE ratio of 16.12, a PEG ratio of 1.23 and a beta of 1.59.

Nucor Corporation (NYSE:NUE) last issued its quarterly earnings results on Thursday, October 19th. The basic materials company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Nucor Corporation had a net margin of 5.80% and a return on equity of 12.78%. The company had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the company posted $0.88 EPS. The firm’s revenue was up 20.5% compared to the same quarter last year. sell-side analysts predict that Nucor Corporation will post 3.7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, September 29th were given a $0.3775 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.51 annualized dividend and a yield of 2.76%. Nucor Corporation’s dividend payout ratio is presently 43.90%.

A number of analysts have recently issued reports on NUE shares. Credit Suisse Group raised their price target on shares of Nucor Corporation from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Zacks Investment Research upgraded shares of Nucor Corporation from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Bank of America Corporation restated a “buy” rating and set a $73.00 price target on shares of Nucor Corporation in a report on Wednesday, September 6th. Citigroup Inc. set a $66.00 price target on shares of Nucor Corporation and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Cowen and Company restated a “market perform” rating and set a $63.00 price target (up previously from $62.00) on shares of Nucor Corporation in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. Nucor Corporation presently has a consensus rating of “Hold” and an average price target of $67.32.

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In other news, insider Ladd R. Hall sold 17,583 shares of Nucor Corporation stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $57.94, for a total transaction of $1,018,759.02. Following the completion of the sale, the insider now directly owns 206,406 shares of the company’s stock, valued at approximately $11,959,163.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Victoria F. Haynes sold 2,500 shares of Nucor Corporation stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $55.16, for a total transaction of $137,900.00. Following the sale, the director now directly owns 33,573 shares of the company’s stock, valued at $1,851,886.68. The disclosure for this sale can be found here. Insiders sold a total of 44,217 shares of company stock valued at $2,608,231 in the last three months. 0.70% of the stock is currently owned by corporate insiders.

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).

Insider Buying and Selling by Quarter for Nucor Corporation (NYSE:NUE)

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