Jefferies Group LLC reissued a "buy" rating and issued a $68.00 price objective on shares of Nucor Corporation in a research report on Wednesday, July 19th. Flippin Bruce & Porter Inc sold 7,343 shares as Nucor Corp (NUE)'s stock declined 11.33%.
As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Nucor Corporation (NYSE:NUE).
Among institutions that increased their positions, 92 were new positions. Washington Trust Bank grew its holdings in shares of Nucor Corporation by 60.2% during the second quarter. The company's previous year sales total was 4.29 Million. AXA lifted its holdings in shares of Nucor Corporation by 112.9% in the 2nd quarter. The institutional investor owned 70,463 shares of the basic materials company's stock after selling 12,111 shares during the period. Finally, Ledyard National Bank increased its stake in Nucor Corporation by 56.2% in the 2nd quarter. In the last three months, insiders sold 22,604 shares of company stock valued at $1,351,495. Institutional investors and hedge funds own 74.86% of the company's stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Following the transaction, the director now directly owns 33,573 shares of the company's stock, valued at approximately $1,851,886.68. The transaction was disclosed in a filing with the SEC, which is available through this link. The stock was sold at an average price of $55.16, for a total transaction of $137,900.00. Following the completion of the transaction, 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. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $5.08 billion. The legal version of this news story can be accessed at https://www.equitiesfocus.com/2017/09/24/blackrock-inc-sells-576181-shares-of-nucor-corporation-nue.html. If you are reading this news story on another website, it was illegally stolen and republished in violation of US and global copyright and trademark legislation.
Nucor Corporation had its "market perform" rating reiterated by analysts at BMO Capital Markets.
On Friday, Shares of Nucor Corporation (NYSE:NUE) expressed a change of 0.04% and closed its trade at $54.53. The stock has a market cap of $17.42 billion, a P/E ratio of 15.31 and a beta of 1.53. The company has a 50 day moving average of $55.28 and a 200-day moving average of $58.29.
Nucor Corporation (NYSE:NUE) has a 20-day RSI of 46.16%. The basic materials company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.06). Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. Valley National Advisers Inc. now owns 2,340 shares of the basic materials company's stock worth $140,000 after buying an additional 250 shares in the last quarter. They expect $1.06 earnings per share, up 20.45% or $0.18 from last year's $0.88 per share. On average, equities analysts anticipate that Nucor Corporation will post $3.96 earnings per share for the current year. Investors of record on Friday, September 29th will be paid a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, September 28th. Nucor Corporation's dividend payout ratio (DPR) is presently 43.77%.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley reaffirmed a "buy" rating on shares of Nucor Corporation in a research report on Tuesday, July 18th. Finally, Bank of America Corporation reaffirmed a "buy" rating and set a $73.00 target price on shares of Nucor Corporation in a research report on Wednesday, September 6th. Macquarie Research maintained Nucor Corporation (NYSE:NUE) rating on Tuesday, December 22. Investec maintained the stock with "Buy" rating in Monday, November 9 report.
Among 19 analysts covering Nucor Corporation (NYSE:NUE), 12 have Buy rating, 0 Sell and 7 Hold. The company presently has an average rating of "Hold" and an average target price of $68.00. Nucor Corporation (NYSE:NUE) has risen 21.74% since September 26, 2016 and is uptrending.