Nucor Co. (NYSE:NUE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Nucor Co. (NYSE:NUEGet Free Report) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $164.75.

NUE has been the subject of a number of research reports. UBS Group reaffirmed a “neutral” rating and set a $156.00 target price (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on shares of Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Citigroup reduced their target price on shares of Nucor from $240.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, December 19th. StockNews.com raised shares of Nucor from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley upped their target price on shares of Nucor from $154.00 to $167.00 and gave the company an “overweight” rating in a report on Friday.

Check Out Our Latest Stock Analysis on NUE

Hedge Funds Weigh In On Nucor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC bought a new position in shares of Nucor during the third quarter worth $26,000. Coastline Trust Co purchased a new stake in shares of Nucor in the third quarter valued at $29,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Nucor in the fourth quarter valued at $25,000. Crews Bank & Trust purchased a new stake in shares of Nucor in the fourth quarter valued at $29,000. Finally, Putney Financial Group LLC purchased a new stake in shares of Nucor in the fourth quarter valued at $29,000. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Up 1.4 %

NUE opened at $133.79 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $128.34 and a 200-day moving average price of $139.12. Nucor has a twelve month low of $112.25 and a twelve month high of $203.00. The stock has a market capitalization of $30.84 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 0.96 and a beta of 1.58.

Nucor (NYSE:NUEGet Free Report) last released its quarterly earnings data on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.28. Nucor had a net margin of 6.60% and a return on equity of 9.85%. During the same quarter in the previous year, the business earned $3.16 earnings per share. Equities research analysts forecast that Nucor will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be given a dividend of $0.55 per share. The ex-dividend date is Monday, March 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.64%. Nucor’s dividend payout ratio is 26.16%.

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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