Nucor - NUE Stock Forecast, Price & News

Nucor Corporation manufactures and sells steel and steel products. The company's 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 products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products. It also engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Its Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel racking, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal products, and wire and wire mesh products primarily for use in nonresidential construction applications. This segment also engages in the piling distribution business. The company's Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. It serves agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation industries through its in-house sales force; and internal distribution and trading companies. Nucor Corporation was incorporated in 1958 and is based in Charlotte, North Carolina.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Nucor from $146.00 to $125.00 and set a "neutral" rating for the company in a research report on Tuesday, June 14th. Argus upped their target price on Nucor from $140.00 to $190.00 and gave the stock a "buy" rating in a research note on Monday, April 25th. Credit Suisse Group lifted their price target on Nucor from $142.00 to $175.00 and gave the company an "outperform" rating in a research report on Friday, April 22nd. The Goldman Sachs Group decreased their price objective on shares of Nucor from $148.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 31st. Finally, UBS Group set a $120.00 price target on shares of Nucor in a research note on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $133.18.

Nucor Trading Up 0.5 %

Shares of NUE Stock opened at $142.65 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.62 and a quick ratio of 1.39. The business has a 50-day moving average of $120.03 and a 200 day moving average of $130.94. The stock has a market capitalization of $37.34 billion, a PE ratio of 4.38 and a beta of 1.40. Nucor has a 1-year low of $88.50 and a 1-year high of $187.90.

Nucor (NYSE:NUE - Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The basic materials company reported $9.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.91 by $0.76. The business had revenue of $11.79 billion for the quarter, compared to analyst estimates of $11.59 billion. Nucor had a net margin of 21.03% and a return on equity of 57.78%. The company's revenue was up 34.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.04 EPS. As a group, sell-side analysts anticipate that Nucor will post 3.45 earnings per share for the current year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Thursday, June 30th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Wednesday, June 29th. Nucor's dividend payout ratio (DPR) is currently 6.14%.

Insider Buying and Selling at Nucor

In other news, CEO Leon J. Topalian sold 48,768 shares of Nucor stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $112.61, for a total transaction of $5,491,764.48. Following the sale, the chief executive officer now owns 135,809 shares of the company's stock, valued at approximately $15,293,451.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Kenneth Rex Query sold 5,000 shares of the business's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $141.64, for a total transaction of $708,200.00. Following the sale, the executive vice president now owns 76,100 shares in the company, valued at approximately $10,778,804. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Leon J. Topalian sold 48,768 shares of the stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $112.61, for a total transaction of $5,491,764.48. Following the completion of the transaction, the chief executive officer now owns 135,809 shares of the company's stock, valued at $15,293,451.49. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,175 shares of company stock valued at $6,616,198. 0.46% of the stock is currently owned by company insiders.