Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Nucor (NYSE:NUE) Share Price

News headlines about Nucor (NYSE:NUE) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nucor earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 47.1400605766197 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

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

Nucor (NYSE NUE) traded up $0.48 during trading hours on Thursday, hitting $65.67. The stock had a trading volume of 622,717 shares, compared to its average volume of 3,138,605. Nucor has a 12 month low of $51.67 and a 12 month high of $70.48. The company has a market capitalization of $20,372.10, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.10 and a beta of 1.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 2.42.

Nucor (NYSE:NUE) last announced its earnings results on Tuesday, January 30th. The basic materials company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.10. Nucor had a return on equity of 13.03% and a net margin of 6.58%. The business had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter last year, the business posted $0.50 earnings per share. The company’s quarterly revenue was up 28.7% on a year-over-year basis. equities analysts expect that Nucor will post 4.87 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, December 29th were given a $0.38 dividend. This is a positive change from Nucor’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.31%. Nucor’s dividend payout ratio (DPR) is 36.72%.

NUE has been the subject of several recent research reports. ValuEngine raised shares of Nucor from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research lowered shares of Nucor from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Credit Suisse Group boosted their target price on shares of Nucor from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Jefferies Group reaffirmed a “buy” rating and set a $76.00 price objective on shares of Nucor in a research note on Wednesday, January 31st. Finally, Cowen boosted their target price on Nucor from $57.00 to $63.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $69.70.

In related news, Chairman John J. Ferriola sold 14,313 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $64.12, for a total value of $917,749.56. Following the completion of the sale, the chairman now directly owns 333,775 shares of the company’s stock, valued at approximately $21,401,653. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert J. Stratman sold 39,037 shares of the stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $63.88, for a total value of $2,493,683.56. Following the completion of the sale, the executive vice president now directly owns 233,824 shares of the company’s stock, valued at $14,936,677.12. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

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About Nucor

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 (NYSE:NUE)

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