PVG Asset Management Corp Sells 6849 Shares of Nucor Corporation (NYSE:NUE)

Marco Green
October 20, 2017

A number of other equities research analysts also recently issued reports on NUE. After having $1.00 EPS previously, Nucor Corporation's analysts see 6.00% EPS growth. Jefferies Group LLC reaffirmed a "buy" rating and set a $68.00 target price on shares of Nucor Corporation in a report on Wednesday, July 19th. KeyCorp reaffirmed an overweight rating and set a $66.00 price objective (down from $72.00) on shares of Nucor Corporation in a research report on Monday, June 26th. Nomura Asset Management Ltd reported 52,559 shares. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. Nucor Corporation presently has a consensus rating of Hold and a consensus price target of $67.13. Teachers Retirement Of The State Of Kentucky has invested 0.03% of its portfolio in Nucor Corporation (NYSE:NUE).

The company now has a P/E ratio of 16.03 and market capitalization is 18.24B. The trading saw a strength at $56.48, the 52-week high.

Shares last traded at $57.11 marginally over the 50 day moving average which is $55.23 and a tad below the 200 day moving average of $57.54. Boston Prtnrs reported 0.14% of its portfolio in Nucor Corporation (NYSE:NUE). Analysts forecast earnings per share of $1.06, up exactly $0.18 or 20.45 % from 2014's $0.88 EPS. Nucor Corporation has $77.5000 highest and $38 lowest target. For the last period, the company reported quarter over quarter EPS growth of 31.90% and quarter over quarter sales growth of 21.90%. The business's quarterly revenue was up 21.9% compared to the same quarter a year ago. The volume of NUE witnessed a shift from 2.05 million shares, based on a 50-day average, to 2.35 million shares. The original version of this report can be viewed at https://stocknewstimes.com/2017/10/17/pvg-asset-management-corp-sells-6849-shares-of-nucor-corporation-nue.html. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of US & global trademark & copyright law. Macquarie Research upgraded Nucor Corporation (NYSE:NUE) on Monday, April 24 to "Neutral" rating.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. This dividend represents a yield of $2.70 which is the dividend as a percentage of the current share price. The ex-dividend date will be on Thursday the 28th of September 2017.

The average 1-year price target for Nucor Corporation (NUE) - averaging the work of different analysts - reveals a mean PT of $63.88/share. Following the completion of the transaction, the insider now owns 19,610 shares in the company, valued at approximately $1,181,110.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David A. Sumoski sold 2,537 shares of the business's stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $61.66, for a total value of $156,431.42. The disclosure for this sale can be found here.

Nationwide Fund Advisors decreased Amazon.Com Inc Common (NASDAQ:AMZN) stake by 3,733 shares to 303,887 valued at $294.16 million in 2017Q2. Jennison Associates LLC raised its stake in Nucor Corporation by 1.4% in the second quarter. It dropped, as 57 investors sold NUE shares while 200 reduced holdings. Atria Investments LLC owns 7,100 shares with a value of $398,000. Finally, Swiss National Bank raised its stake in Nucor Corporation by 3.1% in the second quarter. As per Monday, October 5, the company rating was maintained by Barclays Capital. Charter Tru Co reported 0.09% in Nucor Corporation (NYSE:NUE). Parametric Ltd Liability holds 0.05% of its portfolio in Nucor Corporation (NYSE:NUE) for 753,364 shares. (NYSE:RPM) traded up 0.29% in the last session while performance was up 51.79% in the last five days. Hedge funds and other institutional investors own 74.83% of the company's stock. The primary reason? Nucor Steel Louisiana experienced unplanned outages for most of the quarter. The Firm produces direct reduced iron (DRI) for use in its steel mills.

Steel-maker Nucor Corp. restarted its Convent mill on October 3, after halting production in late July, and is again producing high-quality direct reduced iron, the company said Thursday.

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