Nucor (NYSE:NUE) EVP Randy Spicer Sells 2,500 Shares

Nucor Corporation (NYSE:NUEGet Free Report) EVP Randy Spicer sold 2,500 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $225.00, for a total value of $562,500.00. Following the sale, the executive vice president owned 20,510 shares in the company, valued at approximately $4,614,750. The trade was a 10.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Nucor Stock Up 1.7%

Nucor stock opened at $225.56 on Thursday. Nucor Corporation has a fifty-two week low of $106.21 and a fifty-two week high of $235.45. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. The company has a market cap of $51.37 billion, a PE ratio of 22.33, a PEG ratio of 0.60 and a beta of 1.87. The business’s 50-day simple moving average is $193.75 and its two-hundred day simple moving average is $176.66.

Nucor (NYSE:NUEGet Free Report) last issued its earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.41. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. Equities analysts anticipate that Nucor Corporation will post 14.58 EPS for the current year.

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Tuesday, March 31st were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, March 31st. Nucor’s dividend payout ratio (DPR) is 22.18%.

Nucor declared that its board has authorized a stock repurchase plan on Friday, February 20th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Nucor

A number of institutional investors have recently bought and sold shares of the business. RKL Wealth Management LLC lifted its holdings in Nucor by 0.9% during the 1st quarter. RKL Wealth Management LLC now owns 5,318 shares of the basic materials company’s stock worth $899,000 after buying an additional 48 shares during the last quarter. Empirical Asset Management LLC lifted its holdings in Nucor by 2.6% during the 4th quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company’s stock worth $347,000 after buying an additional 54 shares during the last quarter. Krilogy Financial LLC lifted its holdings in Nucor by 4.1% during the 4th quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company’s stock worth $272,000 after buying an additional 61 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its holdings in Nucor by 49.2% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock worth $32,000 after buying an additional 63 shares during the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of Nucor by 2.0% during the fourth quarter. IHT Wealth Management LLC now owns 3,306 shares of the basic materials company’s stock worth $539,000 after purchasing an additional 64 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on NUE. Morgan Stanley increased their price target on Nucor from $180.00 to $227.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. UBS Group cut Nucor from a “buy” rating to a “neutral” rating and raised their target price for the stock from $190.00 to $224.00 in a research note on Tuesday, April 28th. Bank of America raised their target price on Nucor from $190.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Citigroup raised their target price on Nucor from $180.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group raised their target price on Nucor from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $245.45.

Read Our Latest Stock Report on Nucor

Nucor Company Profile

(Get Free Report)

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.

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

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