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.



Like this

loading...
loading...

Latest


10 October 2017
Final Stranger Things Season 2 Episode Titles Revealed
Netflix even added images to help explain a few of them and offer cryptic hints about what's in store for the beloved show. Interestingly, it looks like the Duffer Brothers have changed all but one episode title ("The Pollywog") since past year .

10 October 2017
Arsenal star reveals he was close to summer Everton move
While the Toffees were in the hunt, West Ham were also keen, and Marseille wanted to take him back to Ligue 1. Everton and Arsenal face each other in the Premier League on October 22.

10 October 2017
Italy chiefs campaign to bring back Chelsea boss Conte
Ventura could only guide Italy to the play-offs, after they finished runners-up to Spain in Group G and now face a winner-takes-all clash to qualify for Russian Federation 2018.

10 October 2017
Investment Grade Analysis On CalAtlantic Group, Inc. (NYSE:CAA) Shares
Nicholson sold 17,033 shares of CalAtlantic Group stock in a transaction that occurred on Tuesday, September 26th. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion.

10 October 2017
Analyzing the Financial Health of NVIDIA Corporation (NASDAQ:NVDA)
Riley reaffirmed a "buy" rating and set a $135.00 price objective on shares of NVIDIA in a research report on Saturday, May 13th. The computer hardware maker reported $0.82 EPS for the quarter, topping the Zacks' consensus estimate of $0.66 by $0.16.

10 October 2017
Isco 'approached by pitch invader with KNIFE' during Spain clash with Israel
They won nine of their 10 qualifying matches, drawing the other, and finished top of Group G, five points clear of second-place Italy.

10 October 2017
Man steals ambulance from MI hospital; crashes after chase
Police had to give chase to an ambulance after it was stolen from outside a hospital. The man, who was not a patient at the hospital, was not injured, officials said.

10 October 2017
Conor McGregor vs. Nate Diaz News: UFC President Shuts Down Match Rumors
So, it's not a matter of Conor wouldn't fight to fight Ferguson or he'd want to do this or that. Which means sorry, Tony Ferguson, you aren't Conor McGregor's next opponent.

10 October 2017
Bakkavor confirms stock market float
They intend that Bakkavor will have a free float of around 25 per cent following the IPO. It is also growing its presence in the United States and China.

10 October 2017
BJP wins 50 per cent gram panchayats in Maharashtra
The BJP kept up its victory run in the zilla parishad polls too, held around the same time, emerging as the single largest party. Around 50 percent Gram Panchayats are with BJP and the majority of BJP karykartas won the Gram Panchayat election.