6,380 Shares in Nucor Corporation $NUE Bought by CW Advisors LLC

Key Points

• CW Advisors LLC acquired 6,380 shares of Nucor Corporation, valued at approximately $769,000, in their recent 13F filing.
• Nucor reported $2.60 earnings per share for the last quarter, exceeding the consensus estimate of $2.54.
• The company announced a quarterly dividend of $0.55 per share, representing a 1.5% yield.

CW Advisors LLC acquired a new position in shares of Nucor Corporation (NYSE:NUE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,380 shares of the basic materials company's stock, valued at approximately $769,000.

A number of other hedge funds also recently added to or reduced their stakes in NUE. Diamond Hill Capital Management Inc. bought a new stake in Nucor in the first quarter valued at $194,804,000. Nuveen LLC bought a new stake in Nucor in the first quarter valued at $141,216,000. Vanguard Group Inc. lifted its stake in Nucor by 2.6% in the first quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company's stock valued at $3,484,965,000 after buying an additional 745,671 shares during the last quarter. GAMMA Investing LLC lifted its stake in Nucor by 17,785.0% in the first quarter. GAMMA Investing LLC now owns 505,789 shares of the basic materials company's stock valued at $60,867,000 after buying an additional 502,961 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Nucor by 18.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,309,452 shares of the basic materials company's stock valued at $277,920,000 after buying an additional 355,364 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

Nucor Price Performance

NYSE:NUE opened at $147.93 on Wednesday. The business's 50-day moving average price is $139.25 and its 200 day moving average price is $127.65. The firm has a market cap of $33.96 billion, a P/E ratio of 26.70, a PEG ratio of 0.95 and a beta of 1.74. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $170.52. The company has a quick ratio of 1.51, a current ratio of 2.83 and a debt-to-equity ratio of 0.31.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The basic materials company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.06. The firm had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.47 billion. Nucor had a return on equity of 6.65% and a net margin of 4.21%.The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.68 EPS. As a group, sell-side analysts predict that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Monday, June 30th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, June 30th. Nucor's payout ratio is presently 39.71%.

Wall Street Analysts Forecast Growth

NUE has been the topic of a number of recent research reports. Wall Street Zen cut Nucor from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Morgan Stanley raised their target price on Nucor from $134.00 to $149.00 and gave the company an "overweight" rating in a research note on Friday, June 20th. Wells Fargo & Company upgraded shares of Nucor to a "hold" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. lifted their price objective on shares of Nucor from $143.00 to $162.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Finally, UBS Group cut their price objective on shares of Nucor from $153.00 to $147.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $155.78.

Insider Buying and Selling

In other Nucor news, EVP Daniel R. Needham sold 7,200 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the sale, the executive vice president owned 92,179 shares in the company, valued at approximately $13,458,134. The trade was a 7.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Allen C. Behr sold 8,021 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $143.38, for a total value of $1,150,050.98. Following the sale, the executive vice president owned 82,703 shares in the company, valued at approximately $11,857,956.14. The trade was a 8.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,397 shares of company stock worth $6,763,814 in the last quarter. 0.71% of the stock is currently owned by corporate insiders.

Nucor Company Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. 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; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.

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