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.

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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)

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