The EVP of Nucor Corp. (NYSE: NUE) is Selling Shares

By Carrie Williams

Today, the EVP of Nucor Corp. (NYSE: NUE), Robert Stratman, sold shares of NUE for $931.9K.

Following Robert Stratman’s last NUE Sell transaction on June 03, 2016, the stock climbed by 10.5%.

Based on Nucor Corp.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $4.29 billion and quarterly net profit of $269 million. In comparison, last year the company earned revenue of $4.23 billion and had a net profit of $226 million. The company has a one year high of $60.09 and a one year low of $33.90. NUE’s market cap is $18.71B and the company has a P/E ratio of 37.25.

Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $54.00, reflecting a 8.5% upside. Three different firms, including Canaccord Genuity and S&P Capital, currently also have a Sell rating on the stock.

The insider sentiment on Nucor Corp. has been negative according to 50 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Nucor Corp. engages in the manufacture 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. The Steel Products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, light gauge steel framing, steel grating, expanded metal, wire, and wire mesh. The Raw Materials segment comprises of direct reduced iron, and ferrous and nonferrous metals. The company was founded by Ransom E. Olds and Samuel Siegel in 1905 and is headquartered in Charlotte, NC.