Shares of Nucor Corp. (NYSE:NUE) hit a new 52-week high on Thursday . The company traded as high as $57.08 and last traded at $56.56, with a volume of 1,176,221 shares. The stock had previously closed at $56.42.

A number of brokerages recently weighed in on NUE. Jefferies Group reaffirmed a “buy” rating and set a $60.00 price target (up from $56.00) on shares of Nucor Corp. in a research report on Friday, June 10th. Deutsche Bank AG raised shares of Nucor Corp. from a “hold” rating to a “buy” rating and upped their price target for the stock from $52.00 to $60.00 in a research report on Wednesday, July 6th. TheStreet raised shares of Nucor Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, April 21st. Zacks Investment Research cut shares of Nucor Corp. from a “buy” rating to a “hold” rating in a research report on Friday, July 1st. Finally, Credit Suisse Group AG upped their price objective on shares of Nucor Corp. from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, June 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $51.99.

The stock has a market cap of $17.98 billion and a P/E ratio of 50.50. The company’s 50 day moving average is $50.24 and its 200 day moving average is $45.15.

Nucor Corp. (NYSE:NUE) last posted its earnings results on Thursday, April 21st. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.05. During the same quarter in the previous year, the firm earned $0.21 EPS. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.63 billion. The company’s revenue was down 15.5% compared to the same quarter last year. Equities research analysts forecast that Nucor Corp. will post $2.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Investors of record on Thursday, June 30th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $1.50 dividend on an annualized basis and a yield of 2.66%.

In related news, EVP Robert J. Stratman sold 52,631 shares of the firm’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $49.90, for a total value of $2,626,286.90. Following the transaction, the executive vice president now directly owns 268,246 shares in the company, valued at approximately $13,385,475.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP D. Chad Utermark sold 2,050 shares of the firm’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $50.65, for a total transaction of $103,832.50. Following the completion of the transaction, the executive vice president now owns 56,621 shares in the company, valued at $2,867,853.65. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. Sigma Investment Counselors Inc. raised its stake in Nucor Corp. by 0.9% in the fourth quarter. Sigma Investment Counselors Inc. now owns 39,425 shares of the company’s stock valued at $1,589,000 after buying an additional 341 shares in the last quarter. Comerica Bank raised its stake in Nucor Corp. by 0.4% in the fourth quarter. Comerica Bank now owns 96,344 shares of the company’s stock valued at $3,511,000 after buying an additional 379 shares in the last quarter. Advantus Capital Management Inc raised its stake in Nucor Corp. by 2.4% in the fourth quarter. Advantus Capital Management Inc now owns 30,521 shares of the company’s stock valued at $1,230,000 after buying an additional 720 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in Nucor Corp. by 0.3% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 480,039 shares of the company’s stock valued at $19,365,000 after buying an additional 1,497 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in Nucor Corp. by 5.2% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 42,286 shares of the company’s stock valued at $1,704,000 after buying an additional 2,089 shares in the last quarter.

Nucor Corporation (Nucor) manufactures steel and steel products. The Company also produces direct reduced iron (DRI) for use in the Company’s steel mills. It also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI. Nucor operates in three segments: steel mills, steel products and raw materials.

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