Nucor Co. (NYSE:NUE) CEO Leon J. Topalian sold 9,389 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $43.18, for a total value of $405,417.02. Following the completion of the transaction, the chief executive officer now owns 118,090 shares of the company’s stock, valued at $5,099,126.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NUE opened at $42.70 on Friday. The company has a current ratio of 4.39, a quick ratio of 2.68 and a debt-to-equity ratio of 0.50. Nucor Co. has a 12 month low of $27.52 and a 12 month high of $58.70. The stock’s 50 day moving average is $41.63 and its two-hundred day moving average is $41.93. The firm has a market cap of $13.03 billion, a P/E ratio of 25.42, a PEG ratio of 1.79 and a beta of 1.43.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.14 by $0.22. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.43 billion. Nucor had a return on equity of 7.95% and a net margin of 2.49%. Nucor’s quarterly revenue was down 26.6% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. Equities research analysts forecast that Nucor Co. will post 2.02 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th will be given a $0.4025 dividend. The ex-dividend date is Monday, June 29th. This represents a $1.61 annualized dividend and a dividend yield of 3.77%. Nucor’s dividend payout ratio (DPR) is presently 37.35%.

Several analysts recently commented on the company. UBS Group dropped their target price on Nucor from $56.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. BMO Capital Markets raised their target price on Nucor from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, June 19th. They noted that the move was a valuation call. Credit Suisse Group lowered Nucor from an “outperform” rating to a “neutral” rating in a report on Wednesday, April 15th. KeyCorp raised their target price on Nucor from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. dropped their target price on Nucor from $57.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $50.17.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NUE. Marshall Wace North America L.P. purchased a new position in shares of Nucor in the first quarter valued at approximately $54,000. FMR LLC lifted its position in shares of Nucor by 123.0% in the first quarter. FMR LLC now owns 674,154 shares of the basic materials company’s stock valued at $39,337,000 after acquiring an additional 371,876 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of Nucor by 16.7% in the fourth quarter. Guggenheim Capital LLC now owns 319,334 shares of the basic materials company’s stock valued at $17,972,000 after acquiring an additional 45,796 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Nucor by 199.9% in the fourth quarter. Janus Henderson Group PLC now owns 294,178 shares of the basic materials company’s stock valued at $16,554,000 after acquiring an additional 196,081 shares in the last quarter. Finally, Wealth Quarterback LLC purchased a new position in shares of Nucor in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 75.06% of the company’s stock.

About Nucor

Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. 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 products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.

Featured Story: Why is insider trading harmful?

Receive News & Ratings for Nucor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nucor and related companies with MarketBeat.com's FREE daily email newsletter.