Kenneth Rex Query Sells 7,452 Shares of Nucor (NYSE:NUE) Stock

Nucor Corporation (NYSE:NUE) EVP Kenneth Rex Query sold 7,452 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $196.02, for a total value of $1,460,741.04. Following the transaction, the executive vice president owned 76,628 shares of the company’s stock, valued at $15,020,620.56. This represents a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Nucor Price Performance

Shares of NYSE NUE opened at $182.97 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.94 and a quick ratio of 1.57. The firm has a market capitalization of $41.87 billion, a PE ratio of 24.27, a P/E/G ratio of 0.66 and a beta of 1.86. Nucor Corporation has a 1-year low of $97.59 and a 1-year high of $196.90. The business’s fifty day moving average price is $172.29 and its two-hundred day moving average price is $153.95.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, January 26th. The basic materials company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.18). The firm had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.93 billion. Nucor had a return on equity of 8.26% and a net margin of 5.37%.The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.22 EPS. On average, research analysts expect that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, December 31st. Nucor’s dividend payout ratio is presently 29.71%.

Institutional Investors Weigh In On Nucor

Several hedge funds and other institutional investors have recently bought and sold shares of NUE. Stance Capital LLC acquired a new position in shares of Nucor in the 3rd quarter worth approximately $25,000. IMA Advisory Services Inc. boosted its holdings in Nucor by 51.4% during the second quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock worth $29,000 after buying an additional 75 shares in the last quarter. AXS Investments LLC acquired a new position in Nucor in the third quarter worth approximately $37,000. Vision Financial Markets LLC increased its holdings in shares of Nucor by 281.7% in the third quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock valued at $37,000 after buying an additional 200 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Nucor in the second quarter valued at $39,000. 76.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on NUE. Morgan Stanley restated an “equal weight” rating and issued a $180.00 target price (up from $165.00) on shares of Nucor in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Nucor in a research note on Monday, December 29th. BMO Capital Markets restated an “outperform” rating on shares of Nucor in a research note on Wednesday, October 29th. Jefferies Financial Group upped their price objective on shares of Nucor from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Wall Street Zen upgraded shares of Nucor from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.36.

About Nucor

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.