It is trading at $59.45 which is a tad above $55.77, the stock’s 50 day moving average and just a bit higher than the 200 day moving average of $57.46. The 50 day moving average was up $3.68 or +6.61% and the 200 day average went up $1.99 or +3.47%. Trading volume for Nucor Corporation was 3,982K in the last trading session. Shares saw a steep increase in trading volume of 36.63% over the normal average daily volume.
Investors are more bearish on shares of the company recently if you put credence in the increase in short interest. The company experienced a rise in short interest between September 15, 2017 and September 29, 2017 of 27.96%. Short shares increased from 2,947,328 to 3,771,349 over that timeframe. The short-interest ratio increased to 2.0 and the percentage of shorted shares was 0.01% on September 29.
Here is a rundown on some insider market activity for Nucor Corporation (NYSE:NUE). Victoria F. Haynes, Director sold $137,900 worth of shares at an average price of $55.16 on Tue the 19th. That brings Haynes’s holdings to $1,851,887 as reported to the SEC.
Additionally, here are a few investment firms who have increased or decreased their stake in (NUE). State Treasurer State Of Michigan cut its investment by shedding 7,900 shares a decrease of 7.5% in the quarter. State Treasurer State Of Michigan now holds 96,911 shares with a value of $5,431,000. The total value of its holdings decreased 10.5%. Alpha Windward LLC divested its holdings by selling 7,920 shares a decrease of 92.3% as of 09/30/2017. Alpha Windward LLC now controls 658 shares worth $37,000. The value of the position overall is down by 92.5%.
As of quarter end Beech Hill Advisors, Inc. had acquired 2,350 shares growing its stake by 4.3%. The value of the total investment in Nucor Corporation went from $3,146,000 to $3,178,000 a change of $32,000 quarter over quarter. Robeco Institutional Asset Management B.v. trimmed its ownership by shedding 73,577 shares a decrease of 30.8%. Robeco Institutional Asset Management B.v. controls 164,941 shares valued at $9,243,000. The total value of its holdings decreased 33.0%.
On September 14 the company was upgraded from “Neutral” to “Buy” by Citigroup.
The company is down from yesterday’s close of 60. Nucor Corporation announced a dividend for shareholders which will be paid on Thursday the 9th of November 2017. The dividend payment will be $0.378 per share for the quarter which comes to $1.51 on an annualized basis. This dividend represents a yield of $2.58. The ex-dividend date will be on Thursday the 28th of September 2017.
Nucor Corporation’s P/E ratio is 16.69 and market capitalization is 18.99B. In the last earnings report the EPS was $3.56 and is projected to be $3.75 for the current year with 319,425,000 shares currently outstanding. Next quarter’s EPS is expected be $1.02 and the next full year EPS is anticipated to be $4.40.
Nucor Corporation (Nucor), launched on March 28, 1958, manufactures steel and steel products. The Company produces direct reduced iron (DRI) for use in the Business’s steel mills. It operates in three segments: steel mills, steel products and raw materials. It also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI. The Business’s operations include various international trading companies that buy and sell steel and steel products manufactured by the Company and others. The Company is also a recycler in North America, using scrap steel as the primary raw material in producing steel and steel products..