Key Points
- EVP Kenneth Rex Query sold 7,452 shares on Feb. 11 at an average price of $196.02 for roughly $1.46 million, leaving him with 76,628 shares — an 8.86% reduction in his ownership.
- Nucor missed quarterly expectations: the company reported $1.73 EPS vs. a $1.91 consensus and $7.69B revenue vs. $7.93B expected, though it still has a $41.87 billion market cap and a consensus analyst rating of "Moderate Buy" (avg. target $179.36).
- Dividend raised: Nucor increased its quarterly dividend to $0.56 (annualized $2.24), up from $0.55, implying a ~1.2% yield and a payout ratio around 29.7%.
Nucor Corporation (NYSE:NUE - Get Free Report) EVP Kenneth Rex Query sold 7,452 shares of the firm's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $196.02, for a total transaction of $1,460,741.04. Following the transaction, the executive vice president directly owned 76,628 shares of the company's stock, valued at approximately $15,020,620.56. This represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Nucor Stock Performance
Shares of Nucor stock opened at $182.97 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.57 and a current ratio of 2.94. Nucor Corporation has a 1 year low of $97.59 and a 1 year high of $196.90. The firm's 50-day simple moving average is $172.29 and its 200-day simple moving average is $153.86. The firm has a market cap of $41.87 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 0.68 and a beta of 1.86.
Nucor (NYSE:NUE - Get Free Report) last announced its quarterly earnings data on Monday, January 26th. The basic materials company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.18). Nucor had a net margin of 5.37% and a return on equity of 8.26%. The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.93 billion. During the same period in the prior year, the firm earned $1.22 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.
Nucor Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Investors of record on Wednesday, December 31st were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.24 annualized dividend and a dividend yield of 1.2%. This is an increase from Nucor's previous quarterly dividend of $0.55. Nucor's dividend payout ratio is currently 29.71%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Fidelis Capital Partners LLC bought a new position in Nucor in the second quarter worth $236,000. Oppenheimer Asset Management Inc. bought a new stake in Nucor in the 2nd quarter valued at $5,225,000. Penserra Capital Management LLC raised its stake in shares of Nucor by 15,814.3% in the 3rd quarter. Penserra Capital Management LLC now owns 3,342 shares of the basic materials company's stock valued at $452,000 after buying an additional 3,321 shares in the last quarter. Allstate Corp bought a new position in shares of Nucor during the 3rd quarter worth about $1,085,000. Finally, Peterson Wealth Services lifted its holdings in shares of Nucor by 587,032.0% during the 3rd quarter. Peterson Wealth Services now owns 146,783 shares of the basic materials company's stock worth $19,879,000 after acquiring an additional 146,758 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have weighed in on NUE shares. Wall Street Zen upgraded shares of Nucor from a "hold" rating to a "buy" rating in a research note on Saturday, January 31st. BMO Capital Markets reaffirmed an "outperform" rating on shares of Nucor in a report on Wednesday, October 29th. BNP Paribas Exane increased their price objective on shares of Nucor from $165.00 to $185.00 and gave the stock an "outperform" rating in a research note on Friday, January 2nd. Citigroup raised their target price on shares of Nucor from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Thursday, October 30th. Finally, UBS Group lowered Nucor from a "buy" rating to a "neutral" rating and set a $183.00 target price for the company. in a report on Wednesday, January 28th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Nucor currently has a consensus rating of "Moderate Buy" and a consensus price target of $179.36.
Read Our Latest Stock Analysis on Nucor
About Nucor
(
Get Free Report)
Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor's operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.
Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.
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