Nucor (NUE) Set to Announce Quarterly Earnings on Thursday

Nucor (NYSE:NUEGet Rating) is scheduled to announce its earnings results before the market opens on Thursday, January 26th. Analysts expect the company to announce earnings of $4.18 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Nucor Price Performance

Shares of NUE opened at $154.03 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.79 and a current ratio of 3.10. The stock has a market capitalization of $39.52 billion, a PE ratio of 4.84 and a beta of 1.52. The company has a 50 day moving average price of $145.09 and a 200-day moving average price of $133.74. Nucor has a fifty-two week low of $91.69 and a fifty-two week high of $187.90.

Nucor Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 10th. Stockholders of record on Friday, December 30th will be issued a $0.51 dividend. This is an increase from Nucor’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, December 29th. Nucor’s dividend payout ratio is 6.41%.

Insider Buying and Selling

In other Nucor news, CEO Leon J. Topalian sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $134.71, for a total value of $404,130.00. Following the transaction, the chief executive officer now directly owns 126,809 shares in the company, valued at approximately $17,082,440.39. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NUE. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Nucor in the 1st quarter worth approximately $32,000. Fairfield Bush & CO. purchased a new position in shares of Nucor during the 1st quarter valued at approximately $48,000. MUFG Americas Holdings Corp boosted its stake in shares of Nucor by 71.4% during the 3rd quarter. MUFG Americas Holdings Corp now owns 840 shares of the basic materials company’s stock valued at $90,000 after buying an additional 350 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its stake in shares of Nucor by 48.3% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 1,398 shares of the basic materials company’s stock valued at $208,000 after buying an additional 455 shares during the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of Nucor during the 1st quarter valued at approximately $222,000. Institutional investors and hedge funds own 78.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group increased their price objective on shares of Nucor from $120.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 6th. Bank of America started coverage on shares of Nucor in a research report on Wednesday, January 4th. They set a “buy” rating and a $172.00 price target for the company. StockNews.com began coverage on shares of Nucor in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley lowered their price objective on shares of Nucor from $115.00 to $113.00 and set an “equal weight” rating for the company in a research note on Monday, October 24th. Finally, BMO Capital Markets raised their price objective on shares of Nucor from $113.00 to $142.00 and gave the company a “market perform” rating in a research note on Wednesday, November 9th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Nucor has an average rating of “Hold” and an average price target of $142.89.

Nucor Company Profile

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Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment consists of carbon and alloy steel in sheet, bars, structural and plate, steel trading businesses, rebar distribution businesses, and Nucor’s equity method investments.

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Earnings History for Nucor (NYSE:NUE)

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