Nucor Corporation (NYSE:NUE - Get Free Report) COO Stephen Laxton sold 3,968 shares of Nucor stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total value of $1,019,617.28. Following the completion of the sale, the chief operating officer owned 77,867 shares in the company, valued at $20,008,704.32. This represents a 4.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Nucor Stock Performance
Shares of Nucor stock opened at $261.06 on Tuesday. The firm has a market cap of $59.45 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 0.58 and a beta of 1.91. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor Corporation has a 52 week low of $131.32 and a 52 week high of $270.90. The business's fifty day simple moving average is $243.52 and its 200-day simple moving average is $208.26.
Nucor (NYSE:NUE - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.46 by $0.38. The firm had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The company's quarterly revenue was up 23.0% on a year-over-year basis. During the same period last year, the company earned $2.60 EPS. Equities analysts forecast that Nucor Corporation will post 17.84 earnings per share for the current year.
Nucor Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Nucor's dividend payout ratio (DPR) is 17.86%.
Institutional Trading of Nucor
A number of institutional investors and hedge funds have recently bought and sold shares of NUE. Stance Capital LLC purchased a new position in shares of Nucor in the third quarter valued at approximately $25,000. Strive Financial Group LLC purchased a new stake in Nucor during the 4th quarter worth approximately $27,000. Motiv8 Investments LLC purchased a new stake in Nucor during the 4th quarter worth approximately $32,000. Bartlett & CO. Wealth Management LLC lifted its holdings in Nucor by 49.2% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company's stock worth $32,000 after buying an additional 63 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. acquired a new stake in Nucor during the 4th quarter worth approximately $32,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently issued reports on NUE. CICC Research initiated coverage on shares of Nucor in a research note on Monday, May 25th. They issued an "outperform" rating on the stock. Bank of America lowered their price objective on shares of Nucor from $290.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Citigroup reiterated a "buy" rating on shares of Nucor in a report on Wednesday, July 29th. Weiss Ratings raised Nucor from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, May 14th. Finally, Seaport Research Partners upped their price target on Nucor from $245.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, June 10th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $273.31.
Read Our Latest Report on Nucor
Nucor Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
