Nucor Corporation (NYSE:NUE) saw some unusual options trading on Monday. Stock traders bought 10,201 put options on the stock. This is an increase of 501% compared to the typical daily volume of 1,697 put options.

In related news, insider Leon J. Topalian sold 2,626 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $60.23, for a total transaction of $158,163.98. Following the sale, the insider now directly owns 19,610 shares of the company’s stock, valued at $1,181,110.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman John J. Ferriola sold 14,941 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $60.17, for a total value of $898,999.97. Following the sale, the chairman now directly owns 361,847 shares in the company, valued at $21,772,333.99. The disclosure for this sale can be found here. Insiders have sold 20,104 shares of company stock worth $1,213,595 over the last ninety days. 0.70% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its position in shares of Nucor Corporation by 0.7% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,147 shares of the basic materials company’s stock worth $128,000 after buying an additional 15 shares in the last quarter. Accredited Investors Inc. increased its position in shares of Nucor Corporation by 0.6% in the first quarter. Accredited Investors Inc. now owns 3,892 shares of the basic materials company’s stock worth $232,000 after buying an additional 24 shares in the last quarter. FineMark National Bank & Trust increased its position in shares of Nucor Corporation by 0.3% in the second quarter. FineMark National Bank & Trust now owns 9,699 shares of the basic materials company’s stock worth $561,000 after buying an additional 26 shares in the last quarter. Cleararc Capital Inc. increased its position in shares of Nucor Corporation by 0.5% in the first quarter. Cleararc Capital Inc. now owns 7,795 shares of the basic materials company’s stock worth $466,000 after buying an additional 35 shares in the last quarter. Finally, ING Groep NV increased its position in shares of Nucor Corporation by 0.3% in the second quarter. ING Groep NV now owns 16,591 shares of the basic materials company’s stock worth $960,000 after buying an additional 43 shares in the last quarter. Institutional investors own 76.57% of the company’s stock.

Nucor Corporation (NYSE:NUE) opened at 57.14 on Thursday. The company has a market cap of $18.31 billion, a P/E ratio of 16.04 and a beta of 1.51. The stock has a 50 day moving average price of $58.28 and a 200 day moving average price of $59.65. Nucor Corporation has a 1-year low of $44.81 and a 1-year high of $68.00.

Nucor Corporation (NYSE:NUE) last issued its earnings results on Thursday, July 20th. The basic materials company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by $0.06. Nucor Corporation had a return on equity of 13.39% and a net margin of 6.08%. The company had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the previous year, the company earned $0.73 EPS. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts anticipate that Nucor Corporation will post $4.18 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, June 30th will be paid a $0.3775 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 2.64%. Nucor Corporation’s payout ratio is 43.77%.

Several research analysts have issued reports on the company. Longbow Research reissued a “buy” rating and issued a $66.00 target price on shares of Nucor Corporation in a research report on Thursday, July 27th. BidaskClub cut Nucor Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Cowen and Company reissued a “market perform” rating and issued a $63.00 target price (up from $62.00) on shares of Nucor Corporation in a research report on Tuesday, July 25th. Berenberg Bank reissued a “buy” rating and issued a $77.50 target price on shares of Nucor Corporation in a research report on Wednesday, July 19th. Finally, Macquarie raised Nucor Corporation from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $55.00 to $62.00 in a research report on Monday, April 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $68.76.

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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).

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