Somewhat Positive Press Coverage Somewhat Unlikely to Impact Nucor (NYSE:NUE) Share Price
News headlines about Nucor (NYSE:NUE) have trended somewhat positive on Monday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Nucor earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 45.4986802684954 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- 4 Southern Stocks to Buy Right Now (and 1 to Avoid) – Madison.com (host.madison.com)
- Short-Term Trade Secrets: Nucor Corporation (NYSE: NUE) – Alpha Beta Stock (alphabetastock.com)
- Dan DiMicco applauds Trump team in Davos – Charlotte Business Journal (bizjournals.com)
- Analyzing U.S. Steel Corporation’s 4Q17 Earnings Call (finance.yahoo.com)
- Stock under Review — Nucor Corporation (NUE) – usstockjournal (usstockjournal.com)
A number of equities research analysts recently issued reports on NUE shares. ValuEngine upgraded shares of Nucor from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research cut shares of Nucor from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Credit Suisse Group increased their price objective on shares of Nucor from $63.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Cowen increased their price objective on shares of Nucor from $57.00 to $63.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. Finally, Citigroup set a $66.00 price objective on shares of Nucor and gave the stock a “buy” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $68.37.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.38 per share. This is an increase from Nucor’s previous quarterly dividend of $0.38. This represents a $1.52 annualized dividend and a yield of 2.18%. The ex-dividend date is Thursday, December 28th. Nucor’s dividend payout ratio (DPR) is 42.34%.
In other Nucor news, insider Ladd R. Hall sold 17,583 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $57.94, for a total transaction of $1,018,759.02. Following the sale, the insider now directly owns 206,406 shares in the company, valued at approximately $11,959,163.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert J. Stratman sold 39,037 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $63.88, for a total transaction of $2,493,683.56. Following the sale, the executive vice president now owns 233,824 shares in the company, 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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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).
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