Economy

Nucor Corp (NYSE:NUE) Quarterly Sentiment Change Report

Nucor Corporation (NUE) stock price distance from twenty day simple moving average surged at 2.30% while its distance from fifty day simple moving average raised 1.21% along with -4.49% below distance from two hundred simple moving averages. The firm purchased 5,224 shares of the basic materials company's stock, valued at approximately $302,000.

The Return on Invested Capital (aka ROIC) for Nucor Corporation (NYSE:NUE) is 0.214411. After posting $1.00 EPS for the previous quarter, Nucor Corporation's analysts now forecast 6.00 % EPS growth. It is 0.13% or $0 reaching $2.37 per share. BlackRock Inc. boosted its position in shares of Nucor Corporation by 1,900.5% in the 1st quarter. Insider ownership during the a year ago has increased by a net of 21066 shares. Jennison Associates LLC now owns 7,140 shares of the basic materials company's stock valued at $413,000 after acquiring an additional 99 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Nucor Corporation by 11.7% in the 1st quarter. Quantitative Investment Management LLC now owns 129,500 shares of the basic materials company's stock worth $6,403,000 after buying an additional 81,900 shares in the last quarter. Investors can use these support and resistance levels to refine their entries and exits from stocks. Macquarie assumed coverage on shares of Nucor Corporation in a research note on Wednesday, September 6th. If you are reading this news story on another publication, it was copied illegally and republished in violation of worldwide trademark & copyright legislation. State Street Corp owned 5.64% of Nucor Corporation worth $1,043,021,000 as of its most recent filing with the SEC.

Nucor Corporation (NUE) traded down 0.92% during midday trading on Friday, reaching $56.15. The company's distance from 52-week high price is -0.20% and current price is above +45.15% from 52-week low price. The stock has a 50 day moving average of $54.83 and a 200-day moving average of $57.78. For NUE, the company now has $1.51 Billion of cash on the books, which is offset by $1.14 Billion current liabilities.

Wall Street await Nucor Corporation (NYSE:NUE) to release earnings on October, 19. The hedge fund run by Youlia Miteva held 114,649 shares of the consumer services company at the end of 2017Q2, valued at $1.17M, down from 216,000 at the end of the previous reported quarter. Past 5 years growth of GM observed at 8.30%, and for the next five years the analysts that follow this company are expecting its growth at 5.60%. The business's quarterly revenue was up 21.9% compared to the same quarter a year ago. During the same period past year, the company posted $0.73 EPS. Stockholders of record on Friday, September 29th will be given a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 2.66%. So is with Nucor Corporation. New York State Common Retirement Fund invested in 15,000 shares. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. They set a "neutral" rating and a $57.00 price target for the company. Average true range (ATR-14) of the company is at 1.14. The disclosure for this sale can be found here. Its down 9.47% from 3.87M shares previously.

NUE has been the subject of a number of research reports. The firm has "Hold" rating given on Thursday, November 3 by Benchmark. The stock of Nucor Corporation (NYSE:NUE) has "Buy" rating given on Monday, December 5 by Deutsche Bank. Finally, Jefferies Group LLC restated a "buy" rating on shares of Nucor Corporation in a research report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company's stock. Jefferies has "Buy" rating and $68.0 target. With that said, researchers took a deep dive into the hotly debated question: is it too early to buy Nucor Corporation (NYSE:NUE). STLD has a net profit margin of 6.10% and is more profitable than the average company in the Steel & Iron industry. It operates in three divisions: 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).

A number of other institutional investors also recently added to or reduced their stakes in the company.



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