Nucor Co. (NUE) Chairman Sells $917,749.56 in Stock

Nucor Co. (NYSE:NUE) Chairman John J. Ferriola sold 14,313 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $64.12, for a total value of $917,749.56. Following the sale, the chairman now owns 333,775 shares in the company, valued at $21,401,653. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Nucor Co. (NUE) traded up $0.65 during trading hours on Wednesday, reaching $64.73. The company’s stock had a trading volume of 1,057,741 shares, compared to its average volume of 3,133,552. The company has a current ratio of 2.42, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $20,370.00, a PE ratio of 15.63, a PEG ratio of 1.07 and a beta of 1.56. Nucor Co. has a twelve month low of $51.67 and a twelve month high of $70.48.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Tuesday, January 30th. The basic materials company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.10. The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Nucor had a return on equity of 13.03% and a net margin of 6.58%. The business’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. research analysts forecast that Nucor Co. will post 4.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, December 29th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 28th. This is a boost from Nucor’s previous quarterly dividend of $0.38. This represents a $1.52 dividend on an annualized basis and a yield of 2.35%. Nucor’s dividend payout ratio (DPR) is currently 37.07%.

A number of research firms have recently issued reports on NUE. Zacks Investment Research upgraded Nucor from a “hold” rating to a “strong-buy” rating and set a $73.00 price target on the stock in a research note on Tuesday. Morgan Stanley dropped their price target on Nucor from $70.00 to $68.00 and set a “hold” rating on the stock in a research note on Tuesday, February 6th. Jefferies Group restated a “buy” rating and issued a $76.00 price target on shares of Nucor in a research note on Wednesday, January 31st. BMO Capital Markets raised their price target on Nucor to $72.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 31st. They noted that the move was a valuation call. Finally, Credit Suisse Group raised their target price on Nucor from $67.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $69.70.

Large investors have recently bought and sold shares of the business. Independence Bank of Kentucky bought a new stake in shares of Nucor in the fourth quarter worth about $100,000. Barrett Asset Management LLC bought a new stake in shares of Nucor in the fourth quarter worth about $101,000. Cerebellum GP LLC purchased a new position in Nucor in the fourth quarter worth about $131,000. Financial Gravity Companies Inc. purchased a new position in Nucor in the fourth quarter worth about $140,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Nucor by 791.0% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,673 shares of the basic materials company’s stock worth $150,000 after acquiring an additional 2,373 shares in the last quarter. 74.10% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Nucor Co. (NUE) Chairman Sells $917,749.56 in Stock” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another website, it was stolen and reposted in violation of U.S. and international copyright law. The legal version of this report can be accessed at

Nucor 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 (NYSE:NUE)

Receive News & Ratings for Nucor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor and related companies with's FREE daily email newsletter.

Leave a Reply