Nucor Co. (NYSE:NUE) Receives $186.67 Consensus Price Target from Analysts

Shares of Nucor Co. (NYSE:NUEGet Free Report) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $186.67.

NUE has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Nucor from $151.00 to $158.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 12th. UBS Group initiated coverage on Nucor in a research report on Tuesday, January 16th. They set a “buy” rating and a $210.00 price objective on the stock. Citigroup upgraded shares of Nucor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $240.00 in a research note on Wednesday, March 13th. Finally, StockNews.com downgraded shares of Nucor from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th.

Check Out Our Latest Analysis on Nucor

Nucor Stock Up 1.5 %

Shares of NYSE NUE opened at $196.38 on Tuesday. The firm has a market cap of $47.28 billion, a price-to-earnings ratio of 10.92 and a beta of 1.61. The company has a quick ratio of 2.35, a current ratio of 3.57 and a debt-to-equity ratio of 0.30. Nucor has a 52-week low of $129.79 and a 52-week high of $197.23. The business’s 50 day moving average is $183.01 and its two-hundred day moving average is $168.22.

Nucor (NYSE:NUEGet Free Report) last posted its quarterly earnings data on Monday, January 29th. The basic materials company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.33. Nucor had a return on equity of 21.42% and a net margin of 13.03%. The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same quarter in the prior year, the company earned $4.89 earnings per share. The company’s revenue was down 11.7% on a year-over-year basis. Research analysts predict that Nucor will post 13.56 EPS for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, March 28th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 annualized dividend and a yield of 1.10%. Nucor’s dividend payout ratio is presently 12.01%.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Allen C. Behr sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $190.19, for a total value of $1,901,900.00. Following the completion of the transaction, the executive vice president now owns 80,902 shares in the company, valued at $15,386,751.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Allen C. Behr sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $190.19, for a total value of $1,901,900.00. Following the transaction, the executive vice president now owns 80,902 shares in the company, valued at approximately $15,386,751.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth Rex Query sold 5,500 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $186.37, for a total value of $1,025,035.00. Following the sale, the executive vice president now directly owns 85,326 shares of the company’s stock, valued at $15,902,206.62. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Fairfield Bush & CO. purchased a new stake in shares of Nucor in the first quarter valued at approximately $48,000. Synovus Financial Corp boosted its stake in shares of Nucor by 150.6% in the first quarter. Synovus Financial Corp now owns 7,198 shares of the basic materials company’s stock valued at $1,067,000 after buying an additional 4,326 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Nucor by 106.2% in the first quarter. Sei Investments Co. now owns 35,889 shares of the basic materials company’s stock valued at $5,328,000 after buying an additional 18,488 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Nucor in the first quarter valued at approximately $284,000. Finally, Brighton Jones LLC purchased a new stake in shares of Nucor in the first quarter valued at approximately $222,000. Institutional investors and hedge funds own 77.76% of the company’s stock.

About Nucor

(Get Free Report

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The 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 structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.

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Analyst Recommendations for Nucor (NYSE:NUE)

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