Nucor Co. (NYSE:NUE – Get Free Report) EVP Douglas J. Jellison sold 19,506 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $193.41, for a total value of $3,772,655.46. Following the transaction, the executive vice president now owns 120,738 shares of the company’s stock, valued at $23,351,936.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Nucor Stock Up 2.6 %
NUE stock opened at $198.56 on Thursday. Nucor Co. has a twelve month low of $129.79 and a twelve month high of $198.63. 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 cap of $47.65 billion, a P/E ratio of 11.04 and a beta of 1.61. The business’s 50-day moving average price is $184.52 and its 200-day moving average price is $168.75.
Nucor (NYSE:NUE – Get Free Report) last posted its quarterly earnings data 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 period in the previous year, the firm earned $4.89 EPS. The business’s quarterly revenue was down 11.7% on a year-over-year basis. On average, equities research analysts forecast that Nucor Co. will post 14.03 EPS for the current year.
Nucor Announces Dividend
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Householder Group Estate & Retirement Specialist LLC purchased a new position in Nucor in the 3rd quarter worth approximately $25,000. Criterion Capital Advisors LLC purchased a new position in Nucor in the 4th quarter worth approximately $25,000. Providence Capital Advisors LLC lifted its holdings in Nucor by 15,470.4% in the 1st quarter. Providence Capital Advisors LLC now owns 4,204 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 4,177 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Nucor in the 1st quarter worth approximately $32,000. Finally, Valley National Advisers Inc. lifted its holdings in Nucor by 716.7% in the 4th quarter. Valley National Advisers Inc. now owns 196 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 172 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. StockNews.com downgraded Nucor from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Citigroup upgraded Nucor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $240.00 in a report on Wednesday, March 13th. UBS Group assumed coverage on Nucor in a report on Tuesday, January 16th. They issued a “buy” rating and a $210.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Nucor from $151.00 to $158.00 and gave the stock a “neutral” rating in a report on Tuesday, December 12th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $186.67.
Get Our Latest Analysis on NUE
Nucor Company Profile
Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The 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 structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.
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