Nucor Co. (NYSE:NUE) EVP Robert J. Stratman sold 39,037 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $63.88, for a total value of $2,493,683.56. Following the completion of the transaction, the executive vice president now owns 233,824 shares in the company, valued at $14,936,677.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Nucor Co. (NYSE NUE) traded up $0.03 during midday trading on Tuesday, reaching $64.56. The company had a trading volume of 2,247,500 shares, compared to its average volume of 2,737,476. The stock has a market capitalization of $20,524.70, a P/E ratio of 18.77, a PEG ratio of 1.49 and a beta of 1.58. The company has a quick ratio of 1.12, a current ratio of 2.11 and a debt-to-equity ratio of 0.37. Nucor Co. has a 12 month low of $51.67 and a 12 month high of $66.00.

Nucor (NYSE:NUE) last released its earnings results 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. The company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $5.19 billion. Nucor had a return on equity of 12.07% and a net margin of 5.15%. Nucor’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share. sell-side analysts anticipate that Nucor Co. will post 3.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, December 29th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, December 28th. This is an increase from Nucor’s previous quarterly dividend of $0.38. This represents a $1.52 annualized dividend and a yield of 2.35%. Nucor’s payout ratio is 43.90%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Security National Bank of Sioux City Iowa IA lifted its position in shares of Nucor by 0.4% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 21,597 shares of the basic materials company’s stock valued at $1,249,000 after acquiring an additional 77 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Nucor by 1.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,278 shares of the basic materials company’s stock valued at $421,000 after acquiring an additional 97 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Nucor by 1.4% in the second quarter. Jennison Associates LLC now owns 7,140 shares of the basic materials company’s stock valued at $413,000 after acquiring an additional 99 shares in the last quarter. NBT Bank N A NY lifted its position in shares of Nucor by 0.7% in the second quarter. NBT Bank N A NY now owns 19,240 shares of the basic materials company’s stock valued at $1,113,000 after acquiring an additional 125 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its position in shares of Nucor by 2.4% in the second quarter. Hillsdale Investment Management Inc. now owns 5,530 shares of the basic materials company’s stock valued at $320,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 74.30% of the company’s stock.

NUE has been the topic of a number of research reports. Credit Suisse Group raised their price target on Nucor from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Macquarie initiated coverage on Nucor in a research note on Wednesday, September 6th. They issued a “neutral” rating and a $57.00 price target on the stock. Morgan Stanley downgraded Nucor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $78.00 to $60.00 in a research note on Tuesday, September 12th. KeyCorp restated a “hold” rating on shares of Nucor in a research note on Thursday, October 19th. Finally, Jefferies Group restated a “buy” rating on shares of Nucor in a research note on Saturday, September 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Nucor has an average rating of “Buy” and an average price target of $66.80.

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About Nucor

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 (NYSE:NUE)

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