Nucor Corp. (NYSE:NUE) was downgraded by investment analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a report issued on Monday.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research raised Nucor Corp. from a “strong sell” rating to a “hold” rating in a research note on Friday. Jefferies Group reissued a “buy” rating on shares of Nucor Corp. in a research note on Wednesday, November 9th. Bank of America Corp. raised Nucor Corp. from a “neutral” rating to a “buy” rating and increased their target price for the stock from $50.00 to $57.00 in a research note on Wednesday, November 9th. Citigroup Inc. reissued a “neutral” rating on shares of Nucor Corp. in a research note on Saturday, October 22nd. Finally, BMO Capital Markets reissued a “hold” rating on shares of Nucor Corp. in a research note on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $53.02.

Analyst Recommendations for Nucor Corp. (NYSE:NUE)

Nucor Corp. (NYSE:NUE) opened at 58.75 on Monday. The firm’s 50-day moving average price is $49.08 and its 200-day moving average price is $49.81. The firm has a market cap of $18.78 billion, a price-to-earnings ratio of 36.76 and a beta of 1.38. Nucor Corp. has a 1-year low of $33.90 and a 1-year high of $59.82.

Nucor Corp. (NYSE:NUE) last issued its earnings results on Thursday, October 20th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by $0.06. The business had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Nucor Corp. had a return on equity of 9.27% and a net margin of 3.26%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $0.71 earnings per share. On average, equities research analysts anticipate that Nucor Corp. will post $2.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Friday, September 30th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Wednesday, September 28th. Nucor Corp.’s dividend payout ratio (DPR) is 93.75%.

Large investors have recently bought and sold shares of the company. Loomis Sayles & Co. L P boosted its stake in Nucor Corp. by 122.9% in the first quarter. Loomis Sayles & Co. L P now owns 7,783 shares of the company’s stock valued at $368,000 after buying an additional 4,291 shares during the period. National Pension Service boosted its stake in Nucor Corp. by 4.4% in the first quarter. National Pension Service now owns 203,541 shares of the company’s stock valued at $9,627,000 after buying an additional 8,649 shares during the period. Legal & General Group Plc boosted its stake in Nucor Corp. by 2.7% in the first quarter. Legal & General Group Plc now owns 1,481,290 shares of the company’s stock valued at $70,071,000 after buying an additional 39,278 shares during the period. Envestnet Asset Management Inc. boosted its stake in Nucor Corp. by 51.4% in the first quarter. Envestnet Asset Management Inc. now owns 44,070 shares of the company’s stock valued at $2,085,000 after buying an additional 14,954 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in Nucor Corp. by 643.0% in the first quarter. Panagora Asset Management Inc. now owns 1,302,205 shares of the company’s stock valued at $61,594,000 after buying an additional 1,126,931 shares during the period. Institutional investors and hedge funds own 78.57% of the company’s stock.

About Nucor Corp.

Nucor Corporation (Nucor) manufactures steel and steel products. The Company also produces direct reduced iron (DRI) for use in the Company’s steel mills. It also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI. Nucor operates in three segments: steel mills, steel products and raw materials.

5 Day Chart for NYSE:NUE

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