Nucor Co. (NYSE:NUE) EVP Sells $3,772,655.46 in Stock

Nucor Co. (NYSE:NUE) 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) 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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.09%. Nucor’s payout ratio is currently 12.01%.

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.

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.