Nucor Corporation (NYSE:NUE) Chairman John J. Ferriola sold 15,131 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $60.40, for a total transaction of $913,912.40. Following the sale, the chairman now owns 349,506 shares of the company’s stock, valued at $21,110,162.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Nucor Corporation (NYSE:NUE) traded up 0.4353% during midday trading on Tuesday, hitting $59.7088. 1,226,892 shares of the company traded hands. Nucor Corporation has a 12-month low of $46.52 and a 12-month high of $68.00. The company has a market capitalization of $19.07 billion, a price-to-earnings ratio of 16.7627 and a beta of 1.54. The stock’s 50-day moving average price is $55.77 and its 200 day moving average price is $57.46.

Nucor Corporation (NYSE:NUE) last announced its earnings results on Thursday, October 19th. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $5.19 billion. Nucor Corporation had a net margin of 5.80% and a return on equity of 12.77%. Nucor Corporation’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. On average, equities analysts forecast that Nucor Corporation will post $3.75 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, September 29th will be issued a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, September 28th. Nucor Corporation’s payout ratio is 43.90%.

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NUE has been the subject of a number of recent analyst reports. Morgan Stanley restated a “buy” rating on shares of Nucor Corporation in a report on Tuesday, July 18th. BMO Capital Markets set a $70.00 price target on shares of Nucor Corporation and gave the company a “hold” rating in a report on Saturday, August 26th. Macquarie initiated coverage on shares of Nucor Corporation in a report on Wednesday, September 6th. They set a “neutral” rating and a $57.00 price target for the company. KeyCorp restated an “overweight” rating and set a $66.00 price target (down from $72.00) on shares of Nucor Corporation in a report on Monday, June 26th. Finally, Jefferies Group LLC restated a “buy” rating and set a $68.00 price target on shares of Nucor Corporation in a report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Nucor Corporation currently has an average rating of “Hold” and an average target price of $67.32.

Several hedge funds have recently made changes to their positions in NUE. Mckinley Capital Management LLC Delaware bought a new stake in Nucor Corporation in the 2nd quarter valued at about $100,000. Krilogy Financial LLC boosted its holdings in 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 valued at $101,000 after purchasing an additional 1,700 shares during the period. Washington Trust Bank boosted its holdings in Nucor Corporation by 60.2% in the 2nd quarter. Washington Trust Bank now owns 1,756 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 660 shares during the period. Fiduciary Trust Co. bought a new stake in Nucor Corporation in the 2nd quarter valued at about $109,000. Finally, Sun Life Financial INC boosted its holdings in Nucor Corporation by 23,290.0% in the 2nd quarter. Sun Life Financial INC now owns 2,339 shares of the basic materials company’s stock valued at $135,000 after purchasing an additional 2,329 shares during the period. 74.76% of the stock is owned by institutional investors and hedge funds.

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).

Insider Buying and Selling by Quarter for Nucor Corporation (NYSE:NUE)

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