Allen C. Behr Sells 4,968 Shares of Nucor Co. (NYSE:NUE) Stock

Nucor Co. (NYSE:NUE) EVP Allen C. Behr sold 4,968 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $159.72, for a total value of $793,488.96. Following the transaction, the executive vice president now owns 85,376 shares in the company, valued at approximately $13,636,254.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nucor Price Performance

Shares of NYSE NUE opened at $152.22 on Thursday. Nucor Co. has a 1-year low of $133.42 and a 1-year high of $203.00. The firm has a market capitalization of $35.74 billion, a PE ratio of 14.71 and a beta of 1.55. The business’s fifty day moving average price is $148.37 and its two-hundred day moving average price is $155.24. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 1.61.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, October 21st. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.09. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.28 billion. Nucor had a return on equity of 12.06% and a net margin of 8.05%. The business’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.57 EPS. On average, research analysts expect that Nucor Co. will post 8.52 EPS for the current year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, September 27th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Friday, September 27th. Nucor’s dividend payout ratio (DPR) is currently 20.87%.

Hedge Funds Weigh In On Nucor

Several large investors have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its holdings in Nucor by 32.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,638 shares of the basic materials company’s stock worth $1,314,000 after purchasing an additional 1,614 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Nucor during the 1st quarter worth $53,000. Bleakley Financial Group LLC increased its position in Nucor by 3.8% during the 1st quarter. Bleakley Financial Group LLC now owns 5,204 shares of the basic materials company’s stock worth $1,030,000 after purchasing an additional 189 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Nucor by 10.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 303,716 shares of the basic materials company’s stock valued at $60,105,000 after purchasing an additional 27,817 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Nucor by 15.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 323,350 shares of the basic materials company’s stock valued at $63,991,000 after acquiring an additional 43,093 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on NUE shares. BMO Capital Markets lowered their price objective on shares of Nucor from $175.00 to $160.00 and set a “market perform” rating for the company in a research note on Wednesday, September 18th. JPMorgan Chase & Co. lowered their target price on shares of Nucor from $170.00 to $168.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Argus upgraded shares of Nucor to a “strong-buy” rating in a research report on Monday, August 26th. Finally, Morgan Stanley decreased their price target on Nucor from $170.00 to $166.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.57.

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.