The CFO, Treasurer and EVP of Nucor is Exercising Options

By Carrie Williams

Yesterday it was reported that the CFO, Treasurer and EVP of Nucor (NUEResearch Report), James Frias, exercised options to sell 34,324 NUE shares at $50.63 a share, for a total transaction value of $2.81M.

Following James Frias’ last NUE Sell transaction on March 19, 2021, the stock climbed by 10.6%. In addition to James Frias, 2 other NUE executives reported Sell trades in the last month.

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Based on Nucor’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $7.02 billion and quarterly net profit of $942 million. In comparison, last year the company earned revenue of $5.62 billion and had a net profit of $20.33 million. The company has a one-year high of $82.76 and a one-year low of $35.75. NUE’s market cap is $24.41 billion and the company has a P/E ratio of 15.00.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $77.40, reflecting a 6.5% upside.

The insider sentiment on Nucor has been negative according to 71 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

James Frias’ trades have generated a -14.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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 comprises carbon and alloy steel in sheet, bars, structural and plate; steel trading businesses; rebar distribution businesses; and Nucor’s equity method investments. The Steel Products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating, tubular products businesses, piling products business, and wire and wire mesh. The Raw Materials segment consists direct reduced iron, and ferrous and nonferrous metals. The company was founded by Ransom E. Olds in 1905 and is headquartered in Charlotte, NC.