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Nucor Co. (NYSE:NUE - Get Rating) has received a consensus recommendation of "Hold" from the ten research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $131.00.

A number of analysts have recently commented on NUE shares. StockNews.com cut Nucor from a "buy" rating to a "hold" rating in a research report on Tuesday, September 13th. The Goldman Sachs Group lowered their price objective on Nucor from $127.00 to $114.00 and set a "neutral" rating on the stock in a report on Thursday, October 6th. Citigroup lifted their price objective on Nucor to $145.00 in a report on Tuesday, September 13th. Morgan Stanley reduced their price target on shares of Nucor from $121.00 to $115.00 and set an "equal weight" rating for the company in a research report on Monday, July 25th. Finally, Credit Suisse Group reduced their price target on shares of Nucor from $165.00 to $140.00 and set an "outperform" rating for the company in a research report on Friday, September 16th.Insider Buying and Selling at Nucor

In other Nucor news, EVP Allen C. Behr sold 3,407 shares of the business's stock in a transaction on Monday, July 25th. The stock was sold at an average price of $122.17, for a total value of $416,233.19. Following the completion of the transaction, the executive vice president now directly owns 64,087 shares in the company, valued at approximately $7,829,508.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Kenneth Rex Query sold 5,000 shares of the business's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $141.64, for a total transaction of $708,200.00. Following the completion of the sale, the executive vice president now directly owns 76,100 shares of the company's stock, valued at approximately $10,778,804. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Allen C. Behr sold 3,407 shares of the business's stock in a transaction on Monday, July 25th. The shares were sold at an average price of $122.17, for a total transaction of $416,233.19. Following the sale, the executive vice president now directly owns 64,087 shares of the company's stock, valued at $7,829,508.79. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by insiders. Institutional Trading of Nucor

Several institutional investors have recently made changes to their positions in the stock. Bailard Inc. boosted its position in Nucor by 2.0% during the 1st quarter. Bailard Inc. now owns 26,694 shares of the basic materials company's stock worth $3,968,000 after purchasing an additional 534 shares during the period. M Holdings Securities Inc. purchased a new stake in Nucor during the 1st quarter worth $328,000. IFM Investors Pty Ltd boosted its position in Nucor by 15.3% during the 1st quarter. IFM Investors Pty Ltd now owns 43,770 shares of the basic materials company's stock worth $6,506,000 after purchasing an additional 5,820 shares during the period. Truist Financial Corp boosted its position in Nucor by 11.0% during the 2nd quarter. Truist Financial Corp now owns 189,782 shares of the basic materials company's stock worth $19,816,000 after purchasing an additional 18,881 shares during the period. Finally, Howland Capital Management LLC purchased a new stake in Nucor during the 1st quarter worth $204,000. 79.07% of the stock is owned by hedge funds and other institutional investors. Nucor Trading Up 2.7 %

NUE opened at $118.07 on Tuesday. Nucor has a one year low of $88.50 and a one year high of $187.90. The stock has a market capitalization of $30.91 billion, a PE ratio of 3.62 and a beta of 1.45. The business's 50 day moving average price is $128.21 and its 200 day moving average price is $130.54. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 2.62.

Nucor (NYSE:NUE - Get Rating) last released its quarterly earnings data on Thursday, July 21st. The basic materials company reported $9.67 EPS for the quarter, beating analysts' consensus estimates of $8.91 by $0.76. Nucor had a return on equity of 57.78% and a net margin of 21.03%. The firm had revenue of $11.79 billion for the quarter, compared to analysts' expectations of $11.59 billion. During the same period in the prior year, the firm posted $5.04 earnings per share. The firm's quarterly revenue was up 34.2% on a year-over-year basis. As a group, equities research analysts expect that Nucor will post 29.84 EPS for the current year. Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.69%. Nucor's dividend payout ratio is currently 6.14%. 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.See AlsoGet a free copy of the StockNews.com research report on Nucor (NUE)Is Paramount Global Stock a Hidden Gem in Plain Sight? Levi Strauss Is A Good Fit Despite HeadwindsTesla Stock Predictions: Is Tesla’s Slide Worth a Second Glance?Hormel Foods is More than Just SpamClorox Pandemic Gains Have Been Bleached, Time to Get Back In?

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