Kenneth Rex Query Sells 5,500 Shares of Nucor Co. (NYSE:NUE) Stock

Nucor Co. (NYSE:NUEGet Free Report) EVP Kenneth Rex Query sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $186.37, for a total value of $1,025,035.00. Following the completion of the transaction, the executive vice president now directly owns 85,326 shares of the company’s stock, valued at $15,902,206.62. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Nucor Price Performance

NUE stock opened at $181.35 on Wednesday. Nucor Co. has a 52-week low of $129.79 and a 52-week high of $190.96. The stock’s fifty day simple moving average is $172.71 and its 200-day simple moving average is $164.14. The company has a quick ratio of 2.35, a current ratio of 3.57 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $44.58 billion, a price-to-earnings ratio of 10.08 and a beta of 1.61.

Nucor (NYSE:NUEGet Free Report) last issued its earnings results on Monday, January 29th. The basic materials company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.33. Nucor had a return on equity of 21.42% and a net margin of 13.03%. The firm had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter last year, the firm earned $4.89 earnings per share. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. Equities research analysts expect that Nucor Co. will post 12.56 EPS for the current year.

Nucor Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, December 29th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.16 dividend on an annualized basis and a yield of 1.19%. This is a boost from Nucor’s previous quarterly dividend of $0.51. Nucor’s dividend payout ratio (DPR) is presently 12.01%.

Analyst Ratings Changes

A number of brokerages have commented on NUE. upgraded Nucor from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. increased their target price on Nucor from $151.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday, December 12th. Morgan Stanley lowered their target price on Nucor from $162.00 to $154.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 31st. Finally, UBS Group began coverage on Nucor in a report on Tuesday, January 16th. They set a “buy” rating and a $210.00 target price on the stock. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to, the company currently has a consensus rating of “Hold” and an average target price of $174.43.

View Our Latest Stock Analysis on NUE

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC purchased a new position in Nucor in the third quarter valued at about $25,000. Criterion Capital Advisors LLC acquired a new stake in Nucor during the fourth quarter valued at approximately $25,000. Providence Capital Advisors LLC grew its holdings in shares of Nucor by 15,470.4% during the first quarter. Providence Capital Advisors LLC now owns 4,204 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 4,177 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Nucor during the first quarter valued at approximately $32,000. Finally, Valley National Advisers Inc. grew its holdings in shares of Nucor by 716.7% during the fourth quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 77.76% of the company’s stock.

About Nucor

(Get Free Report)

Nucor Corporation engages in manufacture and sale of steel and steel products. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products.

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