Investors bought shares of Nucor Corp. (NYSE:NUE) on weakness during trading hours on Monday. $35.83 million flowed into the stock on the tick-up and $13.77 million flowed out of the stock on the tick-down, for a money net flow of $22.06 million into the stock. Of all equities tracked, Nucor Corp. had the 18th highest net in-flow for the day. Nucor Corp. traded down ($0.36) for the day and closed at $53.28

Several brokerages have recently issued reports on NUE. Bank of America Corp. cut shares of Nucor Corp. from a “buy” rating to a “neutral” rating and set a $56.00 target price on the stock. in a research report on Wednesday, July 20th. Barclays PLC upped their target price on shares of Nucor Corp. from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, July 12th. JPMorgan Chase & Co. restated a “buy” rating and set a $59.50 target price on shares of Nucor Corp. in a research report on Friday, July 22nd. Cowen and Company upped their target price on shares of Nucor Corp. from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Tuesday, July 26th. Finally, Berenberg Bank cut shares of Nucor Corp. from a “buy” rating to a “hold” rating and set a $57.50 target price on the stock. in a research report on Friday, July 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Nucor Corp. has an average rating of “Buy” and an average target price of $52.99.

The stock has a market capitalization of $17.02 billion and a P/E ratio of 36.52. The firm’s 50 day moving average is $51.96 and its 200 day moving average is $46.66.

Nucor Corp. (NYSE:NUE) last issued its earnings results on Thursday, July 21st. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The firm had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Analysts anticipate that Nucor Corp. will post $2.75 EPS 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 paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Tuesday, June 28th.

In other Nucor Corp. news, Chairman John J. Ferriola sold 12,128 shares of Nucor Corp. stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $54.12, for a total transaction of $656,367.36. Following the transaction, the chairman now directly owns 354,420 shares of the company’s stock, valued at $19,181,210.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James R. Darsey sold 71,465 shares of Nucor Corp. stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $52.45, for a total transaction of $3,748,339.25. Following the transaction, the insider now directly owns 234,135 shares in the company, valued at $12,280,380.75. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of the company. QCI Asset Management Inc. NY increased its position in shares of Nucor Corp. by 1.8% in the fourth quarter. QCI Asset Management Inc. NY now owns 235,287 shares of the company’s stock worth $9,482,000 after buying an additional 4,216 shares during the period. Atlantic Trust Group LLC increased its stake in Nucor Corp. by 45.7% in the fourth quarter. Atlantic Trust Group LLC now owns 47,888 shares of the company’s stock worth $1,930,000 after buying an additional 15,010 shares during the period. Andra AP fonden increased its stake in Nucor Corp. by 36.3% in the fourth quarter. Andra AP fonden now owns 84,500 shares of the company’s stock worth $3,405,000 after buying an additional 22,500 shares during the period. Victory Capital Management Inc. increased its stake in Nucor Corp. by 32.3% in the fourth quarter. Victory Capital Management Inc. now owns 45,509 shares of the company’s stock worth $1,834,000 after buying an additional 11,107 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased 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 worth $1,704,000 after buying an additional 2,089 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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