Insider Selling: Nucor (NYSE:NUE) Insider Sells 1,136 Shares of Stock

Nucor Corporation (NYSE:NUE) insider Michael Keller sold 1,136 shares of Nucor stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $279.33, for a total transaction of $317,318.88. Following the transaction, the insider owned 15,588 shares in the company, valued at $4,354,196.04. The trade was a 6.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Nucor Stock Down 1.5%

Nucor stock traded down $4.26 during trading on Tuesday, reaching $273.38. 1,400,244 shares of the company’s stock were exchanged, compared to its average volume of 1,541,188. The company’s 50-day moving average is $254.47 and its two-hundred day moving average is $223.97. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.36 and a current ratio of 2.46. Nucor Corporation has a 52-week low of $140.93 and a 52-week high of $287.70. The firm has a market cap of $62.02 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 0.67 and a beta of 1.81.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.84 by ($0.04). Nucor had a net margin of 9.26% and a return on equity of 15.53%. The company had revenue of $11.25 billion during the quarter, compared to analyst estimates of $10.84 billion. During the same quarter in the prior year, the company posted $2.63 earnings per share. The firm’s revenue for the quarter was up 32.0% on a year-over-year basis. On average, analysts predict that Nucor Corporation will post 19.61 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th will be paid a $0.56 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.8%. Nucor’s dividend payout ratio (DPR) is 14.26%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NUE. BlackRock Inc. acquired a new stake in shares of Nucor in the 2nd quarter valued at about $4,452,563,000. Bank of America Corp DE acquired a new position in Nucor in the second quarter worth about $462,886,000. Berkshire Hathaway Inc acquired a new position in Nucor in the second quarter worth about $413,814,000. Bank of New York Mellon Corp bought a new stake in Nucor in the second quarter valued at about $330,902,000. Finally, Legal & General Group Plc bought a new stake in Nucor in the second quarter valued at about $324,154,000. 76.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NUE has been the topic of several analyst reports. Barclays raised their target price on Nucor from $306.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. The Goldman Sachs Group restated a “buy” rating and issued a $335.00 price target on shares of Nucor in a report on Wednesday, October 28th. Morgan Stanley set a $270.00 price objective on shares of Nucor in a research report on Wednesday, July 29th. UBS Group lifted their price objective on shares of Nucor from $224.00 to $256.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Finally, Wells Fargo & Company boosted their target price on shares of Nucor from $280.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $286.44.

Trending Headlines about Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Strong balance sheet may support shareholder returns. Nucor generated sufficient cash to return approximately $1.36 billion to shareholders, while maintaining a conservative debt profile. Its capital-allocation strategy could support additional dividends, buybacks and investments in growth. Can NUE’s Strong Balance Sheet Power Bigger Shareholder Returns Ahead?
• Positive Sentiment: Higher metal prices are improving the industry backdrop. Recent results across mines, steel mills and specialty-metal producers indicate that higher prices are flowing through the supply chain. U.S. Section 232 tariffs and constrained domestic supply could continue to support steel pricing and Nucor’s margins. Higher Metal Prices Are Showing Up in Third-Quarter Results
• Positive Sentiment: Momentum and analyst sentiment remain supportive. Zacks identified NUE as a strong momentum stock, while the broader analyst view is “Moderate Buy,” with a consensus target of $286.44 and several price-target increases. Nucor also recently declared its regular quarterly dividend of $0.56 per share. Here’s Why Nucor Is a Strong Momentum Stock
• Neutral Sentiment: Recent earnings were mixed. Nucor’s latest quarterly revenue rose 32% year over year to $11.25 billion and exceeded estimates, but earnings per share of $5.80 narrowly missed consensus. This suggests strong demand and pricing, but also potential margin pressure.
• Negative Sentiment: An executive reduced his stake. EVP Allen Behr sold 11,846 shares for approximately $3.23 million, reducing his direct ownership by 16.95%. The sale may weigh modestly on sentiment, although insider transactions do not necessarily indicate a change in the company’s outlook. Nucor EVP Sells 11,846 Shares of Stock

Nucor Company Profile

Nucor Corporation is a steel producer headquartered in Charlotte, North Carolina. Through its operating subsidiaries, the company manufactures steel and steel products for customers in construction, automotive, energy, heavy equipment, transportation and other industrial markets.

Nucor’s operations include electric arc furnace steel mills, which produce carbon, alloy and galvanized steel products. Its product portfolio includes sheet steel, plate, beams, bars, wire and wire mesh, steel joists, deck, piling, fabricated concrete reinforcing steel and other downstream products.