6,239 Shares in Nucor Corporation (NYSE:NUE) Purchased by TradeWell Securities LLC.

TradeWell Securities LLC. bought a new stake in Nucor Corporation (NYSE:NUE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,239 shares of the basic materials company's stock, valued at approximately $751,000. Nucor comprises 0.4% of TradeWell Securities LLC.'s portfolio, making the stock its 25th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Nucor during the 4th quarter worth approximately $25,000. Putney Financial Group LLC acquired a new position in shares of Nucor during the fourth quarter worth approximately $29,000. MV Capital Management Inc. raised its position in shares of Nucor by 73.5% during the first quarter. MV Capital Management Inc. now owns 281 shares of the basic materials company's stock worth $34,000 after purchasing an additional 119 shares during the period. Fourth Dimension Wealth LLC acquired a new position in shares of Nucor during the fourth quarter worth approximately $41,000. Finally, Park Square Financial Group LLC acquired a new position in shares of Nucor during the fourth quarter worth approximately $48,000. 76.48% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Kenneth Rex Query sold 10,000 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $130.37, for a total transaction of $1,303,700.00. Following the completion of the sale, the executive vice president directly owned 94,080 shares of the company's stock, valued at $12,265,209.60. This trade represents a 9.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Leon J. Topalian sold 34,238 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $120.19, for a total value of $4,115,065.22. Following the sale, the chief executive officer directly owned 162,993 shares of the company's stock, valued at approximately $19,590,128.67. This represents a 17.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,326 shares of company stock valued at $6,325,108 in the last ninety days. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. BMO Capital Markets raised Nucor from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $140.00 to $145.00 in a research report on Monday, June 2nd. Morgan Stanley upped their target price on Nucor from $134.00 to $149.00 and gave the stock an "overweight" rating in a research report on Friday, June 20th. UBS Group lowered their target price on Nucor from $153.00 to $147.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. Wall Street Zen lowered Nucor from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group lowered their price target on Nucor from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Nucor presently has an average rating of "Moderate Buy" and a consensus target price of $150.00.

Nucor Stock Down 0.6%

NYSE NUE traded down $0.88 on Friday, reaching $142.43. The company had a trading volume of 1,242,965 shares, compared to its average volume of 2,245,837. The stock has a market capitalization of $32.87 billion, a P/E ratio of 25.34, a P/E/G ratio of 0.92 and a beta of 1.70. The company's fifty day moving average is $122.69 and its 200 day moving average is $123.32. 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 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.32.

Nucor (NYSE:NUE - Get Free Report) last announced its earnings results on Monday, April 28th. The basic materials company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.15). Nucor had a net margin of 4.40% and a return on equity of 6.82%. The business had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.25 billion. During the same period in the prior year, the business earned $3.46 earnings per share. The company's revenue for the quarter was down 3.8% compared to the same quarter last year. Sell-side analysts anticipate that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Monday, June 30th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, June 30th. Nucor's dividend payout ratio is presently 39.15%.

Nucor 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.