EP Wealth Advisors LLC acquired a new position in shares of Nucor Corporation (NYSE:NUE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,645 shares of the basic materials company's stock, valued at approximately $1,926,000.
A number of other large investors have also recently bought and sold shares of the business. Stance Capital LLC bought a new position in shares of Nucor during the third quarter valued at approximately $25,000. Strive Financial Group LLC bought a new stake in shares of Nucor in the 4th quarter worth approximately $27,000. Bell Investment Advisors Inc bought a new stake in shares of Nucor in the 2nd quarter worth approximately $28,000. Motiv8 Investments LLC acquired a new position in Nucor during the 4th quarter valued at approximately $32,000. Finally, Bartlett & CO. Wealth Management LLC boosted its position in Nucor by 49.2% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 63 shares during the period. Institutional investors own 76.48% of the company's stock.
Insider Activity at Nucor
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 value 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 shares were sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the completion of the transaction, the executive vice president owned 97,865 shares of the company's stock, valued at $25,294,187.90. This represents a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,528 shares of company stock worth $4,793,035 over the last ninety days. 0.62% of the stock is currently owned by corporate insiders.
Nucor Stock Up 1.4%
NUE opened at $243.89 on Friday. Nucor Corporation has a 12 month low of $131.32 and a 12 month 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 stock has a market cap of $55.33 billion, a P/E ratio of 19.45, a P/E/G ratio of 0.90 and a beta of 1.89. The stock's 50 day moving average price is $246.88 and its 200 day moving average price is $216.80.
Nucor (NYSE:NUE - Get Free Report) last announced its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.38. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The firm had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter in the previous year, the business earned $2.60 EPS. The firm's revenue for the quarter was up 23.0% on a year-over-year basis. As a group, research analysts predict that Nucor Corporation will post 17.95 earnings per share for the current year.
Nucor Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 30th. Nucor's payout ratio is currently 17.86%.
Wall Street Analysts Forecast Growth
NUE has been the topic of several analyst reports. Argus increased their target price on Nucor from $200.00 to $262.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. UBS Group boosted their price target on shares of Nucor from $224.00 to $256.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of Nucor from $240.00 to $282.00 and gave the company an "overweight" rating in a report on Wednesday, June 10th. Seaport Research Partners upped their price target on shares of Nucor from $245.00 to $285.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. Finally, BNP Paribas Exane increased their price objective on shares of Nucor from $210.00 to $248.00 and gave the stock an "outperform" rating in a report on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $273.31.
Read Our Latest Analysis on Nucor
Nucor Profile
(
Free Report)
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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