Nucor Co. (NYSE:NUE) EVP Daniel R. Needham Sells 4,000 Shares

Nucor Co. (NYSE:NUEGet Rating) EVP Daniel R. Needham sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 26th. The shares were sold at an average price of $160.00, for a total transaction of $640,000.00. Following the transaction, the executive vice president now directly owns 46,994 shares in the company, valued at approximately $7,519,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nucor stock opened at $158.99 on Thursday. Nucor Co. has a 52-week low of $80.06 and a 52-week high of $187.90. The firm has a fifty day moving average of $144.94 and a 200-day moving average of $122.51. The firm has a market capitalization of $42.73 billion, a P/E ratio of 5.69 and a beta of 1.33. The company has a quick ratio of 1.32, a current ratio of 2.88 and a debt-to-equity ratio of 0.38.

Nucor (NYSE:NUEGet Rating) last released its quarterly earnings data on Thursday, April 21st. The basic materials company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.39 by $0.28. The company had revenue of $10.49 billion during the quarter, compared to analyst estimates of $10.72 billion. Nucor had a net margin of 19.97% and a return on equity of 55.61%. The business’s quarterly revenue was up 49.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.10 earnings per share. On average, research analysts expect that Nucor Co. will post 21.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 11th. Investors of record on Thursday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Wednesday, March 30th. Nucor’s payout ratio is 7.15%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NUE. Marshall Wace North America L.P. acquired a new stake in Nucor during the 1st quarter valued at $54,000. FMR LLC grew its holdings in Nucor by 123.0% during the 1st quarter. FMR LLC now owns 674,154 shares of the basic materials company’s stock valued at $39,337,000 after purchasing an additional 371,876 shares in the last quarter. Center for Financial Planning Inc. acquired a new stake in Nucor during the 3rd quarter valued at $79,000. New York State Common Retirement Fund grew its holdings in Nucor by 0.3% during the 3rd quarter. New York State Common Retirement Fund now owns 311,672 shares of the basic materials company’s stock valued at $30,697,000 after purchasing an additional 996 shares in the last quarter. Finally, Kovack Advisors Inc. grew its holdings in Nucor by 21.2% during the 3rd quarter. Kovack Advisors Inc. now owns 2,545 shares of the basic materials company’s stock valued at $251,000 after purchasing an additional 445 shares in the last quarter. 73.01% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Nucor in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Argus upped their price objective on shares of Nucor from $140.00 to $190.00 and gave the company a “buy” rating in a research note on Monday. The Goldman Sachs Group upped their price target on shares of Nucor from $134.00 to $148.00 and gave the stock a “neutral” rating in a research report on Friday, April 22nd. BMO Capital Markets upped their price target on shares of Nucor from $152.00 to $168.00 in a research report on Friday, April 22nd. Finally, Wolfe Research lowered shares of Nucor from a “peer perform” rating to an “underperform” rating and set a $102.00 price target for the company. in a research report on Tuesday, January 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $143.64.

Nucor Company Profile (Get Rating)

Nucor Corporation manufactures and sells 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 special bar quality products.

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Insider Buying and Selling by Quarter for Nucor (NYSE:NUE)

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