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Nucor Co. (NYSE:NUE - Get Rating) has been assigned an average recommendation of "Hold" from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $133.18.

Several equities analysts have commented on NUE shares. Argus increased their price target on shares of Nucor from $140.00 to $190.00 and gave the company a "buy" rating in a research note on Monday, April 25th. The Goldman Sachs Group dropped their price target on shares of Nucor from $148.00 to $130.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 31st. Morgan Stanley dropped their price target on shares of Nucor from $121.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Monday, July 25th. UBS Group set a $120.00 price target on shares of Nucor in a research note on Monday, June 20th. Finally, StockNews.com lowered shares of Nucor from a "buy" rating to a "hold" rating in a research note on Tuesday, August 16th.Nucor Stock Down 3.1 %

Shares of NYSE:NUE opened at $138.17 on Monday. The firm's 50 day moving average price is $120.98 and its 200 day moving average price is $131.78. The stock has a market cap of $36.17 billion, a price-to-earnings ratio of 4.24 and a beta of 1.40. Nucor has a fifty-two week low of $88.50 and a fifty-two week high of $187.90. The company has a quick ratio of 1.39, a current ratio of 2.62 and a debt-to-equity ratio of 0.37.

Nucor (NYSE:NUE - Get Rating) last issued its earnings results on Thursday, July 21st. The basic materials company reported $9.67 earnings per share for the quarter, beating the consensus estimate of $8.91 by $0.76. The firm had revenue of $11.79 billion for the quarter, compared to analysts' expectations of $11.59 billion. Nucor had a net margin of 21.03% and a return on equity of 57.78%. The firm's revenue was up 34.2% compared to the same quarter last year. During the same quarter last year, the company earned $5.04 earnings per share. As a group, equities research analysts predict that Nucor will post 3.45 earnings per share for the current fiscal year. Nucor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Thursday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, June 29th. Nucor's dividend payout ratio is presently 6.14%. Insider Buying and Selling

In related news, EVP Allen C. Behr sold 3,407 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $122.17, for a total transaction of $416,233.19. Following the completion of the sale, the executive vice president now directly owns 64,087 shares of the company's stock, valued at $7,829,508.79. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Kenneth Rex Query sold 5,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was 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 $10,778,804. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Allen C. Behr sold 3,407 shares of the firm's stock in a transaction on Monday, July 25th. The shares were sold at an average price of $122.17, for a total value of $416,233.19. Following the completion of the sale, the executive vice president now directly owns 64,087 shares of the company's stock, valued at approximately $7,829,508.79. The disclosure for this sale can be found here. Insiders sold a total of 57,175 shares of company stock valued at $6,616,198 over the last three months. 0.46% of the stock is currently owned by company insiders. Institutional Investors Weigh In On Nucor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Nucor by 4.0% in the first quarter. BlackRock Inc. now owns 23,345,048 shares of the basic materials company's stock valued at $3,470,242,000 after acquiring an additional 897,135 shares during the period. State Street Corp lifted its holdings in Nucor by 2.4% in the first quarter. State Street Corp now owns 15,803,098 shares of the basic materials company's stock valued at $2,356,620,000 after acquiring an additional 377,102 shares during the period. FMR LLC raised its stake in shares of Nucor by 12.5% during the 2nd quarter. FMR LLC now owns 7,935,947 shares of the basic materials company's stock worth $828,592,000 after buying an additional 878,821 shares during the last quarter. Norges Bank acquired a new position in shares of Nucor during the 4th quarter worth $683,804,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Nucor by 9.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,782,243 shares of the basic materials company's stock worth $710,909,000 after buying an additional 406,834 shares during the last quarter. 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.See AlsoGet a free copy of the StockNews.com research report on Nucor (NUE)2 EV Suppliers Powering To Gains After Raising Views Applied Materials Results Show A Slowing Semiconductor MarketMarketBeat: Week in Review 8/15 - 8/19Apple’s Stock Could Be On The Verge Of Another 30% RallyNear-Term Headwinds Present An Opportunity In Ross Stores

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