456,413 Shares in Nucor Corporation $NUE Purchased by Caisse de depot et placement du Quebec

Key Points

• Caisse de dépôt et placement du Québec acquired 456,413 Nucor shares worth approximately $101.7 million, representing about 0.20% of the company. Institutional investors collectively own 76.48% of Nucor.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $272.38; recent targets range as high as $295.
• Nucor exceeded quarterly expectations, reporting $4.84 in EPS versus a $4.46 estimate and $10.40 billion in revenue. The company also maintains a quarterly dividend of $0.56 per share, for a 0.9% annualized yield.

Caisse de depot et placement du Quebec purchased a new position in shares of Nucor Corporation (NYSE:NUE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 456,413 shares of the basic materials company's stock, valued at approximately $101,666,000. Caisse de depot et placement du Quebec owned about 0.20% of Nucor as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Manning & Napier Advisors LLC bought a new position in Nucor during the second quarter worth $27,000. Bell Investment Advisors Inc bought a new position in shares of Nucor in the second quarter valued at about $28,000. Strive Financial Group LLC acquired a new stake in shares of Nucor during the 4th quarter worth about $27,000. Stance Capital LLC acquired a new stake in shares of Nucor during the 3rd quarter worth about $25,000. Finally, Delos Wealth Advisors LLC bought a new stake in shares of Nucor during the 2nd quarter worth about $41,000. Institutional investors own 76.48% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NUE shares. KeyCorp raised shares of Nucor from a "sector weight" rating to an "overweight" rating and set a $274.00 price target on the stock in a report on Wednesday, June 24th. Argus boosted their price objective on Nucor from $200.00 to $262.00 and gave the stock a "buy" rating in a report on Friday, May 15th. JPMorgan Chase & Co. increased their target price on Nucor from $240.00 to $282.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 10th. The Goldman Sachs Group boosted their price target on Nucor from $260.00 to $284.00 and gave the company a "buy" rating in a research note on Tuesday, June 16th. Finally, BMO Capital Markets increased their price objective on Nucor from $285.00 to $295.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $272.38.

Nucor Price Performance

Nucor stock opened at $252.69 on Thursday. The stock's fifty day moving average price is $246.35 and its two-hundred day moving average price is $218.33. Nucor Corporation has a one year low of $131.32 and a one year high of $280.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. The firm has a market cap of $57.33 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 0.92 and a beta of 1.89.

Nucor (NYSE:NUE - Get Free Report) last released its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating analysts' consensus estimates of $4.46 by $0.38. The firm had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The company's revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.60 EPS. As a group, research analysts expect that Nucor Corporation will post 17.95 EPS for the current fiscal year.

Nucor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Nucor's payout ratio is 17.86%.

Insider Buying and Selling

In related news, EVP Thomas J. Batterbee sold 4,000 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the completion of the sale, the executive vice president owned 16,138 shares of the company's stock, valued at $4,212,340.76. This represents a 19.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John J. Hollatz sold 10,560 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the sale, the executive vice president owned 97,865 shares in the company, valued at $25,294,187.90. The trade was a 9.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,528 shares of company stock valued at $4,793,035 over the last quarter. 0.62% of the stock is owned by company insiders.

Nucor Profile

Nucor Corporation NYSE: NUE is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor's operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.

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