Nucor Corporation (NYSE:NUE) insider D. Chad Utermark sold 9,003 shares of Nucor Corporation stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $59.72, for a total transaction of $537,659.16. Following the completion of the sale, the insider now directly owns 73,883 shares in the company, valued at approximately $4,412,292.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Nucor Corporation (NUE) traded down 1.09% during mid-day trading on Tuesday, hitting $57.83. 3,762,994 shares of the company’s stock traded hands. Nucor Corporation has a 1-year low of $46.64 and a 1-year high of $68.00. The stock has a market cap of $18.47 billion, a P/E ratio of 16.24 and a beta of 1.54. The stock has a 50 day moving average price of $56.37 and a 200-day moving average price of $57.46.

Nucor Corporation (NYSE:NUE) last posted its quarterly earnings data on Thursday, October 19th. The basic materials company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.01. Nucor Corporation had a net margin of 5.80% and a return on equity of 12.77%. The company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter last year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. Equities research analysts anticipate that Nucor Corporation will post $3.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, September 29th will be given a dividend of $0.3775 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.51 annualized dividend and a dividend yield of 2.61%. Nucor Corporation’s dividend payout ratio (DPR) is 43.90%.

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Several large investors have recently bought and sold shares of NUE. Pioneer Investment Management Inc. boosted its position in shares of Nucor Corporation by 437.2% during the 2nd quarter. Pioneer Investment Management Inc. now owns 1,813,506 shares of the basic materials company’s stock valued at $104,947,000 after purchasing an additional 1,475,935 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Nucor Corporation by 53.6% during the 1st quarter. AQR Capital Management LLC now owns 2,513,579 shares of the basic materials company’s stock valued at $150,111,000 after purchasing an additional 877,194 shares in the last quarter. Northern Trust Corp boosted its position in shares of Nucor Corporation by 15.0% during the 2nd quarter. Northern Trust Corp now owns 5,759,017 shares of the basic materials company’s stock valued at $333,275,000 after purchasing an additional 750,796 shares in the last quarter. Balyasny Asset Management LLC boosted its position in shares of Nucor Corporation by 55.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,471,244 shares of the basic materials company’s stock valued at $85,141,000 after purchasing an additional 524,476 shares in the last quarter. Finally, Prudential PLC boosted its position in shares of Nucor Corporation by 28.2% during the 2nd quarter. Prudential PLC now owns 2,260,300 shares of the basic materials company’s stock valued at $130,804,000 after purchasing an additional 496,700 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

NUE has been the topic of several analyst reports. Morgan Stanley reaffirmed a “buy” rating on shares of Nucor Corporation in a report on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $68.00 target price on shares of Nucor Corporation in a report on Wednesday, July 19th. Berenberg Bank reaffirmed a “buy” rating and issued a $77.50 target price on shares of Nucor Corporation in a report on Wednesday, July 19th. Zacks Investment Research downgraded shares of Nucor Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Cowen and Company reissued a “market perform” rating and set a $63.00 price objective (up previously from $62.00) on shares of Nucor Corporation in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $67.32.

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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