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.
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.
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).
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