Nucor Co. (NYSE:NUE) CFO James D. Frias sold 39,037 shares of Nucor stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $68.31, for a total transaction of $2,666,617.47. Following the completion of the transaction, the chief financial officer now owns 177,204 shares of the company’s stock, valued at approximately $12,104,805.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Nucor Co. (NYSE:NUE) traded up $0.28 during trading hours on Thursday, hitting $67.13. 1,119,567 shares of the stock traded hands, compared to its average volume of 3,160,038. The stock has a market cap of $21,478.45, a P/E ratio of 16.22, a PEG ratio of 1.14 and a beta of 1.56. The company has a quick ratio of 1.19, a current ratio of 2.42 and a debt-to-equity ratio of 0.36. Nucor Co. has a twelve month low of $51.67 and a twelve month high of $70.48.
Nucor (NYSE:NUE) last issued its quarterly earnings data on Tuesday, January 30th. The basic materials company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.10. The business had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $4.86 billion. Nucor had a net margin of 6.58% and a return on equity of 13.03%. The company’s revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. equities research analysts expect that Nucor Co. will post 4.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.38 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.52 annualized dividend and a dividend yield of 2.26%. Nucor’s dividend payout ratio is presently 36.72%.
Several large investors have recently modified their holdings of NUE. Independence Bank of Kentucky purchased a new stake in shares of Nucor during the 4th quarter worth approximately $100,000. Barrett Asset Management LLC purchased a new stake in shares of Nucor during the 4th quarter worth approximately $101,000. Cerebellum GP LLC purchased a new stake in shares of Nucor during the 4th quarter worth approximately $131,000. Financial Gravity Companies Inc. purchased a new stake in Nucor in the 4th quarter valued at $140,000. Finally, Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in Nucor in the 4th quarter valued at $147,000. Institutional investors and hedge funds own 75.59% of the company’s stock.
A number of research analysts recently issued reports on the stock. Bank of America set a $75.00 price target on shares of Nucor and gave the stock a “buy” rating in a research note on Monday, January 8th. Jefferies Group reiterated a “buy” rating and issued a $77.00 price target on shares of Nucor in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of Nucor from a “sell” rating to a “hold” rating and set a $76.00 price target for the company in a research note on Monday, January 8th. Credit Suisse Group lifted their price target on shares of Nucor from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, BMO Capital Markets lifted their price target on shares of Nucor to $72.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 31st. They noted that the move was a valuation call. One equities 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 issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $69.70.
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Nucor 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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