Somewhat Positive Media Coverage Somewhat Unlikely to Impact Nucor Corporation (NUE) Stock Price
News headlines about Nucor Corporation (NYSE:NUE) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Nucor Corporation earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 46.5692882643658 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Analysts Expect Nucor Corporation (NUE) Will Announce Quarterly Sales of $5.38 Billion (americanbankingnews.com)
- SmarTrend Watching for Potential Pullback in Shares of Nucor Corp After 1.71% Gain (mysmartrend.com)
- How These Steel & Iron Stocks are Performing? — Companhia Siderurgica Nacional, ArcelorMittal, Nucor, and TimkenSteel (prnewswire.com)
- Nucor Corp (NUE) MACD Histogram Levels Below The Zero Line – Evergreen Caller (evergreencaller.com)
- Share Spotlight on Nucor Corp (NUE) : Technicals in Focus – FLBC News (flbcnews.com)
NUE has been the topic of a number of recent research reports. Morgan Stanley restated a “buy” rating on shares of Nucor Corporation in a research report on Tuesday, July 18th. ValuEngine lowered shares of Nucor Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Longbow Research upgraded shares of Nucor Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, June 19th. KeyCorp restated an “overweight” rating and set a $66.00 price target (down from $72.00) on shares of Nucor Corporation in a research report on Monday, June 26th. Finally, BidaskClub lowered shares of Nucor Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $68.88.
Nucor Corporation (NUE) traded down 1.02% during trading on Thursday, reaching $55.11. 1,714,437 shares of the company’s stock traded hands. Nucor Corporation has a 1-year low of $44.81 and a 1-year high of $68.00. The firm has a market capitalization of $17.60 billion, a PE ratio of 15.47 and a beta of 1.51. The firm has a 50 day moving average of $57.12 and a 200 day moving average of $59.09.
Nucor Corporation (NYSE:NUE) last issued its quarterly earnings results on Thursday, July 20th. The basic materials company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 earnings per share. Equities analysts forecast that Nucor Corporation will post $4.16 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Friday, June 30th were issued a dividend of $0.3775 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 2.74%. Nucor Corporation’s dividend payout ratio (DPR) is presently 43.77%.
In related news, Chairman John J. Ferriola sold 14,941 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $60.17, for a total value of $898,999.97. Following the sale, the chairman now directly owns 361,847 shares of the company’s stock, valued at $21,772,333.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Sumoski sold 2,537 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $61.66, for a total transaction of $156,431.42. Following the completion of the sale, the insider now directly owns 62,434 shares in the company, valued at $3,849,680.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,104 shares of company stock valued at $1,213,595. Insiders own 0.70% of the company’s stock.
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).
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