Somewhat Positive News Coverage Somewhat Unlikely to Affect Nucor Corporation (NUE) Share Price

Media headlines about Nucor Corporation (NYSE:NUE) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. 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 media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.7502849238273 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

Shares of Nucor Corporation (NUE) traded up 0.04% during midday trading on Friday, hitting $54.53. 2,397,767 shares of the stock were exchanged. The firm has a 50 day moving average of $55.28 and a 200 day moving average of $58.29. The firm has a market cap of $17.42 billion, a P/E ratio of 15.31 and a beta of 1.53. Nucor Corporation has a 12-month low of $45.30 and a 12-month high of $68.00.

Nucor Corporation (NYSE:NUE) last released its quarterly earnings results on Thursday, July 20th. The basic materials company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.06). The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $5.08 billion. Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. Equities analysts forecast that Nucor Corporation will post $3.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, September 29th will be given a dividend of $0.3775 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.51 annualized dividend and a dividend yield of 2.77%. Nucor Corporation’s dividend payout ratio is currently 43.77%.

A number of equities research analysts have issued reports on the stock. Berenberg Bank reiterated a “buy” rating and set a $77.50 target price on shares of Nucor Corporation in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and set a $68.00 target price on shares of Nucor Corporation in a report on Wednesday, July 19th. Morgan Stanley reiterated a “buy” rating on shares of Nucor Corporation in a report on Tuesday, July 18th. Longbow Research reiterated a “buy” rating and set a $66.00 target price on shares of Nucor Corporation in a report on Thursday, July 27th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $73.00 target price on shares of Nucor Corporation in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Nucor Corporation presently has a consensus rating of “Hold” and an average target price of $68.00.

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In other news, insider Leon J. Topalian sold 2,626 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $60.23, for a total transaction of $158,163.98. Following the completion of the transaction, the insider now owns 19,610 shares in the company, valued at $1,181,110.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Victoria F. Haynes sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $55.16, for a total transaction of $137,900.00. Following the transaction, the director now owns 33,573 shares of the company’s stock, valued at approximately $1,851,886.68. The disclosure for this sale can be found here. Insiders have sold 22,604 shares of company stock valued at $1,351,495 in the last 90 days. 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).

Insider Buying and Selling by Quarter for Nucor Corporation (NYSE:NUE)

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