Nucor Corp. (NYSE:NUE) shares traded down 3% on Tuesday . The stock traded as low as $55.10 and last traded at $55.19, with a volume of 2,007,493 shares traded. The stock had previously closed at $56.90.

Several research analysts recently weighed in on the stock. Jefferies Group restated a “buy” rating and issued a $60.00 price objective (up previously from $56.00) on shares of Nucor Corp. in a research report on Friday, June 10th. Deutsche Bank AG upgraded shares of Nucor Corp. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $52.00 to $60.00 in a research report on Wednesday, July 6th. TheStreet upgraded 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 boosted their price objective on shares of Nucor Corp. from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $51.99.

The company has a market capitalization of $17.71 billion and a PE ratio of 49.74. The firm has a 50-day moving average price of $50.98 and a 200 day moving average price of $45.54.

Nucor Corp. (NYSE:NUE) last announced its earnings results on Thursday, April 21st. The company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.05. During the same period in the previous year, the company earned $0.21 EPS. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.63 billion. The business’s quarterly revenue was down 15.5% compared to the same quarter last year. On average, equities research analysts predict that Nucor Corp. will post $2.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Thursday, June 30th will be issued 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 2.69%.

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

Several institutional investors recently bought and sold shares of NUE. Comerica Bank increased its position 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 during the period. Advantus Capital Management Inc increased its position 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 during the period. Mizuho Trust & Banking Co. Ltd. increased its position 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 during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position 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 during the period. Finally, Gulf International Bank UK Ltd increased its position in Nucor Corp. by 2.5% in the fourth quarter. Gulf International Bank UK Ltd now owns 94,029 shares of the company’s stock valued at $3,789,000 after buying an additional 2,330 shares during the period.

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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