Nucor (NYSE:NUE – Get Rating) up to date its first quarter earnings steering on Thursday. The corporate offered earnings per share (EPS) steering of $3.70-3.80 for the interval, in comparison with the consensus estimate of $3.79. Nucor additionally up to date its Q1 2023 steering to $3.70-$3.80 EPS.
Wall Avenue Analysts Forecast Progress
A lot of analysis analysts lately issued stories on the inventory. UBS Group boosted their goal value on shares of Nucor from $120.00 to $145.00 and gave the corporate a impartial score in a analysis report on Tuesday, December sixth. Financial institution of America assumed protection on shares of Nucor in a analysis report on Wednesday, January 4th. They set a purchase score and a $172.00 goal value on the inventory. BMO Capital Markets boosted their goal value on shares of Nucor from $155.00 to $165.00 and gave the corporate a market carry out score in a analysis report on Friday, January twenty seventh. Morgan Stanley boosted their goal value on shares of Nucor from $113.00 to $122.00 and gave the corporate an equal weight score in a analysis report on Monday, January thirtieth. Lastly, StockNews.com started protection on shares of Nucor in a analysis report on Thursday. They set a maintain score on the inventory. Six analysis analysts have rated the inventory with a maintain score and three have issued a purchase score to the corporate’s inventory. Based on MarketBeat, the corporate has a mean score of Maintain and a mean goal value of $153.44.
Nucor Inventory Efficiency
NUE opened at $144.12 on Friday. The corporate’s fifty day transferring common value is $162.85 and its two-hundred day transferring common value is $143.13. The corporate has a market cap of $36.31 billion, a price-to-earnings ratio of 5.02 and a beta of 1.59. The corporate has a present ratio of three.39, a fast ratio of two.13 and a debt-to-equity ratio of 0.34. Nucor has a 1-year low of $100.13 and a 1-year excessive of $187.90.
Nucor (NYSE:NUE – Get Rating) final launched its quarterly earnings outcomes on Thursday, January twenty sixth. The fundamental supplies firm reported $4.89 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.71. Nucor had a internet margin of 18.33% and a return on fairness of 42.03%. The corporate had income of $8.72 billion for the quarter, in comparison with analyst estimates of $8.54 billion. Throughout the identical interval final yr, the agency earned $7.97 earnings per share. The agency’s income was down 15.8% on a year-over-year foundation. On common, analysts count on that Nucor will put up 14.35 EPS for the present fiscal yr.
Nucor Declares Dividend
The corporate additionally lately declared a quarterly dividend, which can be paid on Thursday, Could eleventh. Buyers of document on Friday, March thirty first can be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized foundation and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, March thirtieth. Nucor’s payout ratio is at present 7.10%.
Insider Exercise at Nucor
In associated information, EVP Kenneth Rex Query offered 1,962 shares of the agency’s inventory in a transaction dated Friday, February third. The shares had been offered at a mean value of $177.99, for a complete transaction of $349,216.38. Following the transaction, the manager vp now instantly owns 74,138 shares of the corporate’s inventory, valued at $13,195,822.62. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which could be accessed by way of the SEC website. In associated information, EVP Daniel R. Needham offered 5,000 shares of the agency’s inventory in a transaction dated Monday, January thirtieth. The shares had been offered at a mean value of $168.36, for a complete transaction of $841,800.00. Following the completion of the sale, the manager vp now owns 61,137 shares within the firm, valued at $10,293,025.32. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is accessible by way of this link. Additionally, EVP Kenneth Rex Query offered 1,962 shares of the agency’s inventory in a transaction dated Friday, February third. The inventory was offered at a mean value of $177.99, for a complete transaction of $349,216.38. Following the sale, the manager vp now owns 74,138 shares of the corporate’s inventory, valued at roughly $13,195,822.62. The disclosure for this sale could be discovered here. Insiders have offered 12,575 shares of firm inventory valued at $2,034,130 over the past ninety days. Company insiders personal 0.46% of the corporate’s inventory.
Institutional Buying and selling of Nucor
A lot of massive buyers have lately added to or diminished their stakes in NUE. Fairfield Bush & CO. bought a brand new stake in Nucor in the course of the first quarter price about $48,000. Synovus Monetary Corp elevated its holdings in Nucor by 150.6% in the course of the first quarter. Synovus Monetary Corp now owns 7,198 shares of the essential supplies firm’s inventory price $1,067,000 after shopping for a further 4,326 shares over the last quarter. Sei Investments Co. elevated its holdings in Nucor by 106.2% in the course of the first quarter. Sei Investments Co. now owns 35,889 shares of the essential supplies firm’s inventory price $5,328,000 after shopping for a further 18,488 shares over the last quarter. Sequoia Monetary Advisors LLC bought a brand new stake in Nucor in the course of the first quarter price about $284,000. Lastly, Brighton Jones LLC bought a brand new stake in Nucor in the course of the first quarter price about $222,000. Hedge funds and different institutional buyers personal 78.33% of the corporate’s inventory.
Nucor Firm Profile
Nucor Corp. engages within the manufacturing of metal and metal merchandise. It operates by way of the next segments: Metal Mills, Metal Merchandise, and Uncooked Supplies. The Metal Mills phase consists of carbon and alloy metal in sheet, bars, structural and plate, metal buying and selling companies, rebar distribution companies, and Nucor’s fairness technique investments.
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