Nucor Corporation Common Stock (NYSE:NUE):
Nucor Invites You to Join Its Third Quarter of 2016 Conference Call on the Web.
The company is so far trading up by 1.86% since yesterday’s close of $46.74.
Additionally the company announced a dividend for shareholders that will be paid on Thursday the 10th of November 2016. The dividend payment will be $0.375 per share for the quarter or $1.50 annualized. This dividend represents a yeild of $3.17 which is the dividend as a percentage of the current share price. The ex-dividend date will be Wednesday the 28th of September 2016.
It is trading at $47.61 which is a tad above the 50 day moving average which is $47.51 and marginally under the 200 day moving average of $49.62. The 50 day moving average was up by +0.22% and the 200 day average moved down $-2.01.
The company’s P/E ratio is 29.79 and the market value is 15.22B. As of the last earnings report the EPS was $1.60 and is projected to be $2.34 for the current year with 319,736,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.74 and the next full year EPS is anticipated to be $2.98.
Wall Street investment firms have weighed in on NUE recently. October 3 investment analysts at Deutsche Bank made no change to the stock rating of “Buy” and moved down the price target to $55.00 from $60.00. On July 25, 2016 the stock rating was changed to a “Hold” by Berenberg a cut from the previous “Hold” rating.
On July 22 the company was rated “Hold” in a report from Berenberg which is down from the previous “” rating. On July 20 the stock rating was downgraded to “Neutral” from “” in an announcement from Bank of America.
On July 13 Barclays maintained a stock rating of “Overweight” and raised the price expectation from $50.00 to $55.00. Deutsche Bank raised the price target and upgraded the stock on July 6 boosting the price target from $50.00 to $60.00 and setting the rating at “Buy” which had previously been “Hold”.