Nucor Corporation (NYSE:NUE) gets upgraded to Buy by KeyCorp

ME Staff
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Analyst Ratings For Nucor Corporation (NYSE:NUE)

Today, Nucor Corporation (NYSE:NUE) stock received an upgrade by KeyCorp from Sector Weight to Buy.

There are 8 Buy Ratings, 4 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Nucor Corporation (NYSE:NUE) is Buy with a consensus target price of $70.5491 per share, a potential 5.74% upside.

Some recent analyst ratings include

  • 7/24/2018-KeyCorp Upgrade from a “Sector Weight ” rating to a ” Buy” rating.
  • 7/13/2018-Jefferies Financial Group Reiterated Rating of Buy.
  • 5/17/2018-Macquarie Upgrade from a “Neutral ” rating to a ” Outperform” rating.
  • 4/17/2018-UBS Group initiated coverage with a Neutral rating.
  • 3/20/2018-Goldman Sachs Group initiated coverage with a Buy rating.

Recent Insider Trading Activity For Nucor Corporation (NYSE:NUE)
Nucor Corporation (NYSE:NUE) has insider ownership of 0.80% and institutional ownership of 77.83%.

  • On 6/21/2018 Leon J Topalian, Insider, sold 3,115 with an average share price of $64.98 per share and the total transaction amounting to $202,412.70.
  • On 5/1/2018 Victoria F Haynes, Director, sold 1,800 with an average share price of $60.91 per share and the total transaction amounting to $109,638.00.
  • On 3/19/2018 Raymond S Napolitan Jr, EVP, sold 8,000 with an average share price of $65.11 per share and the total transaction amounting to $520,880.00.
  • On 3/7/2018 Victoria F Haynes, Director, sold 3,000 with an average share price of $69.12 per share and the total transaction amounting to $207,360.00.
  • On 2/20/2018 James D Frias, CFO, sold 39,037 with an average share price of $68.31 per share and the total transaction amounting to $2,666,617.47.
  • On 2/13/2018 John J Ferriola, Chairman, sold 14,313 with an average share price of $64.12 per share and the total transaction amounting to $917,749.56.
  • On 12/22/2017 Robert J Stratman, EVP, sold 39,037 with an average share price of $63.88 per share and the total transaction amounting to $2,493,683.56.

About Nucor Corporation (NYSE:NUE)
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; hollow structural section steel tubing, steel electrical conduit, plate steel, and structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, wire rods, and special bar quality; and tubular and plate steel products. This segment sells its products to steel service centers, fabricators, and manufacturers in automotive, energy, agricultural, heavy equipment, and transportation sectors. The Steel Products segment produces steel joists and joist girders, steel decks, fabricated concrete reinforcing and cold finished steel products, steel fasteners, metal building systems, steel gratings and expanded metal, and wire and wire mesh products to general contractors, fabricators, distributors, and manufacturers. Its products are used by contractors in constructing highways, bridges, reservoirs, utilities, hospitals, schools, airports, stadiums, and high-rise buildings. The Raw Materials segment produces direct reduced iron; processes ferrous and nonferrous metals; brokers ferrous and nonferrous metals, pig iron, hot briquetted iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal, as well as engages in the natural gas drilling operations. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for use in manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. The company offers its products through its in-house sales forces; and internal distribution and trading companies. The company was founded in 1940 and is based in Charlotte, North Carolina.

Recent Trading Activity for Nucor Corporation (NYSE:NUE)
Shares of Nucor Corporation closed the previous trading session at 66.72 up +0.47 0.71 % with 2988200 shares trading hands.