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Nucor (NYSE:NUE - Get Rating) issued its quarterly earnings results on Thursday. The basic materials company reported $9.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.01 by $0.66, Briefing.com reports. Nucor had a return on equity of 55.61% and a net margin of 19.97%. The firm had revenue of $11.79 billion for the quarter, compared to analyst estimates of $11.59 billion. During the same period last year, the company earned $5.04 EPS. The firm's quarterly revenue was up 34.2% on a year-over-year basis. Nucor Price Performance

NUE stock opened at $128.52 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.88 and a debt-to-equity ratio of 0.38. Nucor has a 52-week low of $88.50 and a 52-week high of $187.90. The stock's 50 day moving average is $117.80 and its two-hundred day moving average is $127.34. The company has a market capitalization of $34.19 billion, a PE ratio of 4.60 and a beta of 1.30. Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Thursday, June 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $2.00 annualized dividend and a yield of 1.56%. Nucor's dividend payout ratio is presently 7.15%. Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NUE. BMO Capital Markets cut their price objective on Nucor from $168.00 to $128.00 in a report on Tuesday, May 17th. The Goldman Sachs Group cut their price objective on Nucor from $148.00 to $130.00 and set a "neutral" rating on the stock in a report on Tuesday, May 31st. JPMorgan Chase & Co. cut their price objective on Nucor from $146.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, June 14th. StockNews.com started coverage on Nucor in a report on Thursday, March 31st. They issued a "buy" rating on the stock. Finally, Credit Suisse Group raised their target price on Nucor from $142.00 to $175.00 and gave the company an "outperform" rating in a report on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $133.73.Insiders Place Their Bets

In other news, CEO Leon J. Topalian sold 48,768 shares of Nucor stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $112.61, for a total value of $5,491,764.48. Following the completion of the transaction, the chief executive officer now owns 135,809 shares in the company, valued at approximately $15,293,451.49. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Daniel R. Needham sold 4,000 shares of Nucor stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $160.00, for a total value of $640,000.00. Following the completion of the transaction, the executive vice president now owns 46,994 shares in the company, valued at approximately $7,519,040. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Leon J. Topalian sold 48,768 shares of Nucor stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $112.61, for a total value of $5,491,764.48. Following the completion of the transaction, the chief executive officer now owns 135,809 shares of the company's stock, valued at approximately $15,293,451.49. The disclosure for this sale can be found here. 0.46% of the stock is owned by company insiders. Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Nucor during the 1st quarter valued at approximately $32,000. Fairfield Bush & CO. acquired a new position in Nucor during the 1st quarter valued at approximately $48,000. Stonebridge Capital Advisors LLC boosted its position in Nucor by 48.3% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 1,398 shares of the basic materials company's stock valued at $208,000 after purchasing an additional 455 shares during the period. Brighton Jones LLC acquired a new position in Nucor during the 1st quarter valued at approximately $222,000. Finally, Mirabella Financial Services LLP acquired a new position in Nucor during the 1st quarter valued at approximately $224,000. Institutional investors and hedge funds own 77.70% of the company's stock. Nucor Company Profile (Get Rating)

Nucor Corporation manufactures and sells steel and steel products. The company's 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; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.Featured StoriesGet a free copy of the StockNews.com research report on Nucor (NUE)Verizon Shares Drop On Earnings Miss, Lower GuidanceLackluster Results Provide An Opportunity In Tractor Supply CompanySnap Stock Falters As Growth Slows To Record LowSalesforce Stock is a Resilient Best-of Breed CRM Play How the NYSE and NASDAQ are Different, Why That Matters to Investors

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