Nucor (NYSE:NUE) EVP Allen Behr Sells 7,568 Shares

Nucor Corporation (NYSE:NUE) EVP Allen Behr sold 7,568 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $188.50, for a total transaction of $1,426,568.00. Following the completion of the sale, the executive vice president directly owned 67,711 shares of the company’s stock, valued at approximately $12,763,523.50. The trade was a 10.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Nucor Trading Up 0.7%

NUE stock traded up $1.29 during midday trading on Wednesday, reaching $187.79. The company’s stock had a trading volume of 927,973 shares, compared to its average volume of 1,889,793. Nucor Corporation has a 1 year low of $97.59 and a 1 year high of $191.04. The firm has a market capitalization of $42.98 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 0.66 and a beta of 1.86. The stock has a fifty day simple moving average of $167.60 and a two-hundred day simple moving average of $151.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.57 and a current ratio of 2.94.

Nucor (NYSE:NUE) last posted 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 company had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.93 billion. Nucor had a return on equity of 8.26% and a net margin of 5.37%.The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 EPS. On average, equities research analysts predict that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.56 per share. This is an increase from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date is Wednesday, December 31st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.2%. Nucor’s dividend payout ratio (DPR) is currently 29.71%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Stance Capital LLC acquired a new stake in Nucor during the 3rd quarter worth $25,000. IMA Advisory Services Inc. grew its stake in Nucor by 51.4% during the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 75 shares in the last quarter. AXS Investments LLC purchased a new stake in shares of Nucor in the third quarter valued at 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 purchasing an additional 200 shares during the last quarter. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Nucor in the fourth quarter valued at approximately $45,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on NUE shares. Seaport Research Partners increased their price objective on Nucor from $170.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 30th. Wall Street Zen upgraded shares of Nucor from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company lifted their target price on shares of Nucor from $176.00 to $184.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nucor in a report on Monday, December 29th. Finally, Jefferies Financial Group upped their target price on Nucor from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, 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.