Today it was reported that the COB, Pres & CEO of Nucor Corp (NUE), John Ferriola, exercised options to sell 87,719 NUE shares at $35.76 a share, for a total transaction value of $5.29M.
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Based on Nucor Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $6.3 billion and quarterly net profit of $647 million. In comparison, last year the company earned revenue of $5.09 billion and had a net profit of $383 million. NUE’s market cap is $18.79B and the company has a P/E ratio of 8.28. Currently, Nucor Corp has an average volume of 1.11M.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $65.60, reflecting a 6.7% upside.
The insider sentiment on Nucor Corp has been negative according to 60 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces and distributes sheet, plate, structural, and bar steel.
