The EVP of Nucor Corp is Exercising Options

By Carrie Williams

Today, the EVP of Nucor Corp, Robert Stratman, exercised options of Nucor Corp for $2.49M.

Following Robert Stratman’s last NUE Sell transaction on November 15, 2016, the stock climbed by 5.8%.

Based on Nucor Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $5.17 billion and quarterly net profit of $254 million. In comparison, last year the company earned revenue of $4.29 billion and had a net profit of $269 million. The company has a one-year high of $66 and a one-year low of $51.67. NUE’s market cap is $20.52B and the company has a P/E ratio of 18.99.

Three different firms, including Canaccord Genuity and Macquarie, currently also have a Sell rating on the stock. Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $65.33, reflecting a -1.1% downside.

The insider sentiment on Nucor Corp has been negative according to 58 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.