Nucor (NYSE:NUE - Get Free Report) is anticipated to release its earnings data after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $0.94 per share and revenue of $6,770,099.47 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Shares of NUE stock opened at $122.19 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.59 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $131.15 and a 200-day moving average price of $143.67. Nucor has a 52 week low of $112.25 and a 52 week high of $203.00. The firm has a market capitalization of $28.69 billion, a PE ratio of 11.81 and a beta of 1.60.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, December 31st will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Tuesday, December 31st. This is an increase from Nucor's previous quarterly dividend of $0.54. Nucor's payout ratio is 21.26%.
In related news, EVP Kenneth Rex Query sold 9,000 shares of Nucor stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the sale, the executive vice president now owns 98,770 shares of the company's stock, valued at approximately $14,499,436. This trade represents a 8.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Allen C. Behr sold 4,968 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $159.72, for a total value of $793,488.96. Following the completion of the transaction, the executive vice president now owns 85,376 shares of the company's stock, valued at $13,636,254.72. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,680 shares of company stock valued at $4,773,724. 0.46% of the stock is owned by corporate insiders.
A number of research firms have recently issued reports on NUE. JPMorgan Chase & Co. dropped their price target on Nucor from $168.00 to $152.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Citigroup dropped their target price on Nucor from $240.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Jefferies Financial Group cut their price target on Nucor from $150.00 to $125.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Morgan Stanley lowered their price objective on shares of Nucor from $170.00 to $166.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group began coverage on shares of Nucor in a research report on Monday, December 2nd. They set a "buy" rating and a $190.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Nucor presently has a consensus rating of "Moderate Buy" and an average price target of $163.63.
View Our Latest Research Report on Nucor
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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