Nucor Co. (NYSE:NUE) Chairman John J. Ferriola sold 14,313 shares of Nucor stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $64.12, for a total value of $917,749.56. Following the completion of the transaction, the chairman now owns 333,775 shares of the company’s stock, valued at approximately $21,401,653. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Nucor Co. (NYSE NUE) traded up $0.65 during midday trading on Wednesday, hitting $64.73. The company had a trading volume of 1,057,741 shares, compared to its average volume of 3,133,552. The company has a quick ratio of 1.19, a current ratio of 2.42 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $20,370.00, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.07 and a beta of 1.56. Nucor Co. has a 12-month low of $51.67 and a 12-month high of $70.48.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, December 29th were paid a $0.38 dividend. This is an increase from Nucor’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, December 28th. This represents a $1.52 dividend on an annualized basis and a yield of 2.35%. Nucor’s payout ratio is 37.07%.

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

Large investors have recently modified their holdings of the stock. Flippin Bruce & Porter Inc. raised its stake in Nucor by 1,802.0% in the third quarter. Flippin Bruce & Porter Inc. now owns 82,298 shares of the basic materials company’s stock worth $4,612,000 after buying an additional 77,971 shares in the last quarter. CI Investments Inc. bought a new position in Nucor in the third quarter worth approximately $55,250,000. Deltec Asset Management LLC raised its stake in Nucor by 184.8% in the third quarter. Deltec Asset Management LLC now owns 28,481 shares of the basic materials company’s stock worth $1,596,000 after buying an additional 18,481 shares in the last quarter. Berkshire Asset Management LLC PA raised its stake in Nucor by 49.1% in the third quarter. Berkshire Asset Management LLC PA now owns 230,408 shares of the basic materials company’s stock worth $12,912,000 after buying an additional 75,899 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Nucor by 1.4% in the third quarter. Rhumbline Advisers now owns 559,037 shares of the basic materials company’s stock worth $31,328,000 after buying an additional 7,570 shares in the last quarter. 74.10% of the stock is owned by institutional investors.

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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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