Nucor (NYSE:NUE – Get Free Report) announced its earnings results on Monday. The basic materials company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.28, Zacks reports. Nucor had a net margin of 8.05% and a return on equity of 12.06%. During the same quarter in the prior year, the business earned $3.16 earnings per share.
Nucor Stock Down 0.2 %
Nucor stock opened at $121.98 on Tuesday. The stock has a market cap of $28.64 billion, a PE ratio of 11.79 and a beta of 1.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.61 and a current ratio of 2.59. The stock has a fifty day moving average of $130.66 and a 200 day moving average of $143.34. Nucor has a one year low of $112.25 and a one year high of $203.00.
Nucor Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Tuesday, December 31st will be paid a $0.55 dividend. This is an increase from Nucor’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Tuesday, December 31st. Nucor’s dividend payout ratio (DPR) is 21.26%.
Insider Buying and Selling at Nucor
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. The Goldman Sachs Group started coverage on Nucor in a research report on Monday, December 2nd. They set a “buy” rating and a $190.00 price objective for the company. Jefferies Financial Group lowered their price target on Nucor from $150.00 to $125.00 and set a “hold” rating for the company in a research report on Monday, January 6th. UBS Group reissued a “neutral” rating and set a $156.00 price objective (down from $171.00) on shares of Nucor in a research report on Thursday, December 12th. Citigroup dropped their target price on shares of Nucor from $240.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, Morgan Stanley decreased their price objective on shares of Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.63.
View Our Latest Stock Analysis on Nucor
Nucor Company Profile
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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