Wynn Capital LLC Takes Position in Nucor Co. (NYSE:NUE)

Wynn Capital LLC purchased a new stake in Nucor Co. (NYSE:NUE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,540 shares of the basic materials company's stock, valued at approximately $667,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NUE. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Nucor in the fourth quarter valued at about $25,000. Putney Financial Group LLC acquired a new stake in Nucor during the fourth quarter worth about $29,000. Fourth Dimension Wealth LLC acquired a new stake in Nucor during the fourth quarter worth about $41,000. Park Square Financial Group LLC acquired a new stake in Nucor during the fourth quarter worth about $48,000. Finally, Beacon Capital Management LLC grew its position in Nucor by 29.1% during the fourth quarter. Beacon Capital Management LLC now owns 417 shares of the basic materials company's stock worth $49,000 after buying an additional 94 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Leon J. Topalian sold 34,238 shares of Nucor stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 162,993 shares in the company, valued at approximately $19,590,128.67. The trade was a 17.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by corporate insiders.

Nucor Stock Up 2.5%

Shares of NUE opened at $121.71 on Friday. The stock has a market cap of $28.08 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 0.96 and a beta of 1.67. The company has a quick ratio of 1.48, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor Co. has a 12 month low of $97.59 and a 12 month high of $170.52. The company has a 50-day moving average price of $113.79 and a two-hundred day moving average price of $124.69.

Nucor (NYSE:NUE - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The basic materials company reported $0.77 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.15). The business had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.25 billion. Nucor had a return on equity of 9.85% and a net margin of 6.60%. The firm's revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.46 EPS. Equities analysts predict that Nucor Co. will post 7.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Argus set a $155.00 target price on Nucor in a research report on Wednesday, March 5th. The Goldman Sachs Group decreased their target price on Nucor from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. decreased their target price on Nucor from $156.00 to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. BMO Capital Markets raised Nucor from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $140.00 to $145.00 in a research report on Monday, June 2nd. Finally, Wall Street Zen downgraded Nucor from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Nucor presently has an average rating of "Moderate Buy" and an average target price of $157.22.

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.

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