Nucor Corporation (NYSE:NUE) Chairman John J. Ferriola sold 15,131 shares of Nucor Corporation stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $60.40, for a total transaction of $913,912.40. Following the transaction, the chairman now owns 349,506 shares in the company, valued at approximately $21,110,162.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Nucor Corporation (NYSE NUE) traded down $0.69 on Friday, reaching $55.83. 2,552,000 shares of the company’s stock traded hands, compared to its average volume of 2,710,701. The company has a market capitalization of $17,968.65, a P/E ratio of 16.62, a P/E/G ratio of 1.27 and a beta of 1.59. Nucor Corporation has a 12-month low of $51.67 and a 12-month high of $68.00. The company has a current ratio of 2.11, a quick ratio of 1.13 and a debt-to-equity ratio of 0.37.
Nucor Corporation (NYSE:NUE) last issued its quarterly earnings data on Thursday, October 19th. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Nucor Corporation had a net margin of 5.80% and a return on equity of 12.78%. The business’s revenue was up 20.5% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. analysts forecast that Nucor Corporation will post 3.72 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, September 29th were issued a dividend of $0.3775 per share. This represents a $1.51 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, September 28th. Nucor Corporation’s dividend payout ratio is currently 43.90%.
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A number of brokerages recently weighed in on NUE. Cowen and Company reissued a “market perform” rating and set a $63.00 target price (up previously from $62.00) on shares of Nucor Corporation in a research note on Tuesday, July 25th. Morgan Stanley reissued a “buy” rating on shares of Nucor Corporation in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of Nucor Corporation from a “sell” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets reissued a “market perform” rating and set a $62.00 target price (down previously from $70.00) on shares of Nucor Corporation in a research note on Monday, September 18th. Finally, KeyCorp reissued a “hold” rating on shares of Nucor Corporation in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.32.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cadence Capital Management LLC grew its holdings in shares of Nucor Corporation by 3.5% during the third quarter. Cadence Capital Management LLC now owns 47,959 shares of the basic materials company’s stock valued at $2,688,000 after buying an additional 1,644 shares during the last quarter. Dai Ichi Life Insurance Company Ltd grew its holdings in shares of Nucor Corporation by 1,148.9% during the third quarter. Dai Ichi Life Insurance Company Ltd now owns 54,352 shares of the basic materials company’s stock valued at $3,046,000 after buying an additional 50,000 shares during the last quarter. Pegasus Partners Ltd. grew its holdings in shares of Nucor Corporation by 18.4% during the third quarter. Pegasus Partners Ltd. now owns 14,678 shares of the basic materials company’s stock valued at $823,000 after buying an additional 2,281 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Nucor Corporation by 2.8% during the third quarter. Legal & General Group Plc now owns 1,729,371 shares of the basic materials company’s stock valued at $96,908,000 after buying an additional 46,786 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in shares of Nucor Corporation by 3.4% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 1,874,421 shares of the basic materials company’s stock valued at $105,043,000 after buying an additional 60,915 shares during the last quarter. Hedge funds and other institutional investors own 74.75% of the company’s stock.
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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