2,961 Shares in Nucor Corporation $NUE Bought by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC has acquired a new position in Nucor Corporation, purchasing 2,961 shares valued at approximately $356,000 during the first quarter.
• A number of institutional investors, including Vanguard Group and GAMMA Investing LLC, have significantly increased their holdings in Nucor, indicating strong confidence in the company.
• Nucor recently announced a quarterly dividend of $0.55 per share, which will be paid on November 10th, representing an annualized dividend yield of 1.6%.

Integrity Alliance LLC. acquired a new position in shares of Nucor Corporation (NYSE:NUE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,961 shares of the basic materials company's stock, valued at approximately $356,000.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Nucor by 2.6% during the first quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company's stock worth $3,484,965,000 after acquiring an additional 745,671 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Nucor by 5.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,772,831 shares of the basic materials company's stock valued at $213,342,000 after buying an additional 92,363 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in shares of Nucor in the first quarter valued at approximately $194,804,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Nucor by 16.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,610,933 shares of the basic materials company's stock valued at $193,863,000 after buying an additional 226,343 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NUE. JPMorgan Chase & Co. lifted their price target on shares of Nucor from $143.00 to $162.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. UBS Group dropped their price target on shares of Nucor from $153.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Wells Fargo & Company lifted their price target on shares of Nucor from $145.00 to $146.00 and gave the company an "equal weight" rating in a research report on Monday. Morgan Stanley lifted their price target on shares of Nucor from $134.00 to $149.00 and gave the company an "overweight" rating in a research report on Friday, June 20th. Finally, Bank of America lifted their price target on shares of Nucor from $150.00 to $165.00 and gave the company a "buy" rating in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $156.80.

Insider Activity at Nucor

In other Nucor news, EVP Daniel R. Needham sold 7,200 shares of the business's stock in a transaction on Monday, August 18th. The shares were 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 of the company's stock, valued at approximately $13,458,134. The trade was a 7.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Keller sold 6,088 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $148.41, for a total transaction of $903,520.08. Following the sale, the insider directly owned 22,464 shares in the company, valued at approximately $3,333,882.24. The trade was a 21.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,397 shares of company stock worth $6,763,814. Corporate insiders own 0.71% of the company's stock.

Nucor Price Performance

NUE traded up $0.13 during trading on Monday, hitting $141.48. 1,547,958 shares of the stock traded hands, compared to its average volume of 1,216,555. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $170.52. The company has a market cap of $32.48 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 0.89 and a beta of 1.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.83 and a quick ratio of 1.51. The business has a 50 day moving average price of $143.19 and a 200 day moving average price of $128.40.

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

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Nucor's payout ratio is presently 39.71%.

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.