Victoria F. Haynes Sells 2,500 Shares of Nucor Corporation (NUE) Stock
Nucor Corporation (NYSE:NUE) Director Victoria F. Haynes sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $55.16, for a total transaction of $137,900.00. Following the completion of the transaction, the director now directly owns 33,573 shares in the company, valued at approximately $1,851,886.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Nucor Corporation (NYSE NUE) traded down 2.20% during mid-day trading on Thursday, reaching $54.75. 1,172,449 shares of the company’s stock traded hands. Nucor Corporation has a one year low of $45.30 and a one year high of $68.00. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of 15.37 and a beta of 1.53. The firm’s 50-day moving average price is $55.28 and its 200 day moving average price is $58.29.
Nucor Corporation (NYSE:NUE) last posted its earnings results on Thursday, July 20th. The basic materials company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.06). Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter last year, the firm earned $0.73 earnings per share. The business’s quarterly revenue was up 21.9% on a year-over-year basis. On average, equities analysts forecast that Nucor Corporation will post $3.96 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, September 29th will be issued a $0.3775 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 2.70%. Nucor Corporation’s dividend payout ratio (DPR) is presently 43.77%.
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Several institutional investors have recently bought and sold shares of NUE. Mckinley Capital Management LLC Delaware bought a new stake in shares of Nucor Corporation in the 2nd quarter worth about $100,000. Krilogy Financial LLC increased its holdings in shares of Nucor Corporation by 4,594.6% in the 2nd quarter. Krilogy Financial LLC now owns 1,737 shares of the basic materials company’s stock worth $101,000 after buying an additional 1,700 shares during the last quarter. Washington Trust Bank increased its holdings in shares of Nucor Corporation by 60.2% in the 2nd quarter. Washington Trust Bank now owns 1,756 shares of the basic materials company’s stock worth $102,000 after buying an additional 660 shares during the last quarter. Fiduciary Trust Co. bought a new stake in shares of Nucor Corporation in the 2nd quarter worth about $109,000. Finally, Advantage Investment Management LLC increased its holdings in shares of Nucor Corporation by 164.9% in the 1st quarter. Advantage Investment Management LLC now owns 1,854 shares of the basic materials company’s stock worth $111,000 after buying an additional 1,154 shares during the last quarter. Hedge funds and other institutional investors own 74.86% of the company’s stock.
NUE has been the topic of several research analyst reports. Macquarie initiated coverage on shares of Nucor Corporation in a report on Wednesday, September 6th. They issued a “neutral” rating and a $57.00 price target on the stock. ValuEngine cut shares of Nucor Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC set a $68.00 target price on shares of Nucor Corporation and gave the stock a “buy” rating in a research report on Monday, August 21st. Longbow Research reiterated a “buy” rating and issued a $66.00 target price on shares of Nucor Corporation in a research report on Thursday, July 27th. Finally, BMO Capital Markets set a $70.00 target price on shares of Nucor Corporation and gave the stock a “hold” rating in a research report on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $68.00.
Nucor Corporation Company Profile
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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