Shares of Nucor Corp. (NYSE:NUE) saw unusually-high trading volume on Wednesday . Approximately 3,619,613 shares were traded during trading, an increase of 4% from the previous session’s volume of 3,490,802 shares.The stock last traded at $53.79 and had previously closed at $55.71.

NUE has been the subject of a number of research analyst reports. Deutsche Bank AG upgraded Nucor Corp. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $52.00 to $60.00 in a report on Wednesday, July 6th. Barclays PLC boosted their price objective on Nucor Corp. from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, July 12th. Jefferies Group restated a “buy” rating and set a $60.00 price objective (up previously from $56.00) on shares of Nucor Corp. in a report on Friday, June 10th. Argus upgraded Nucor Corp. from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, June 24th. Finally, Standpoint Research cut Nucor Corp. from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a report on Wednesday, April 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $52.21.

The stock has a 50-day moving average of $51.28 and a 200 day moving average of $45.68. The company has a market capitalization of $17.20 billion and a P/E ratio of 48.29.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Investors of record on Thursday, June 30th will be issued a dividend of $0.375 per share. The ex-dividend date is Tuesday, June 28th. This represents a $1.50 annualized dividend and a dividend yield of 2.77%.

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

Other large investors recently made changes to their positions in the company. Advantus Capital Management Inc increased its stake in shares of 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 last quarter. Sei Investments Co. increased its stake in shares of Nucor Corp. by 132.0% in the fourth quarter. Sei Investments Co. now owns 25,708 shares of the company’s stock valued at $1,036,000 after buying an additional 14,626 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in shares of 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 last quarter. Suntrust Banks Inc. increased its stake in shares of Nucor Corp. by 28.4% in the fourth quarter. Suntrust Banks Inc. now owns 161,237 shares of the company’s stock valued at $6,496,000 after buying an additional 35,685 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of 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 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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