Kestra Private Wealth Services LLC Purchases 264 Shares of Nucor Co. (NYSE:NUE)

Kestra Private Wealth Services LLC raised its position in shares of Nucor Co. (NYSE:NUEGet Rating) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,203 shares of the basic materials company’s stock after purchasing an additional 264 shares during the period. Kestra Private Wealth Services LLC’s holdings in Nucor were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NUE. Westside Investment Management Inc. purchased a new stake in shares of Nucor during the fourth quarter worth $25,000. Riverview Trust Co purchased a new stake in shares of Nucor during the first quarter worth $28,000. Capital Advisory Group Advisory Services LLC purchased a new stake in shares of Nucor during the first quarter worth $30,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in shares of Nucor during the first quarter worth $30,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of Nucor in the first quarter worth $32,000. 79.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 5,000 shares of Nucor stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $141.64, for a total transaction of $708,200.00. Following the sale, the executive vice president now directly owns 76,100 shares of the company’s stock, valued at approximately $10,778,804. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Allen C. Behr sold 3,407 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $122.17, for a total value of $416,233.19. Following the completion of the transaction, the executive vice president now directly owns 64,087 shares in the company, valued at approximately $7,829,508.79. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kenneth Rex Query sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $141.64, for a total transaction of $708,200.00. Following the completion of the transaction, the executive vice president now owns 76,100 shares of the company’s stock, valued at $10,778,804. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Morgan Stanley lowered their price objective on Nucor from $121.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, July 25th. Citigroup increased their price objective on Nucor to $145.00 in a research report on Tuesday, September 13th. JPMorgan Chase & Co. lowered their price objective on Nucor from $146.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 14th. UBS Group set a $120.00 price objective on Nucor in a research report on Monday, June 20th. Finally, The Goldman Sachs Group lowered their price target on Nucor from $148.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $132.78.

Nucor Stock Down 0.2 %

Shares of NYSE:NUE opened at $117.08 on Friday. The stock’s 50-day moving average price is $130.80 and its 200-day moving average price is $133.42. Nucor Co. has a 12-month low of $88.50 and a 12-month high of $187.90. The stock has a market capitalization of $30.65 billion, a P/E ratio of 3.59 and a beta of 1.39. The company has a current ratio of 2.62, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37.

Nucor (NYSE:NUEGet Rating) last posted its earnings results on Thursday, July 21st. The basic materials company reported $9.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.91 by $0.76. The company had revenue of $11.79 billion for the quarter, compared to analysts’ expectations of $11.59 billion. Nucor had a return on equity of 57.78% and a net margin of 21.03%. Nucor’s quarterly revenue was up 34.2% on a year-over-year basis. During the same period last year, the firm earned $5.04 earnings per share. On average, equities analysts anticipate that Nucor Co. will post 31.01 earnings per share for the current year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, September 29th. This represents a $2.00 annualized dividend and a yield of 1.71%. Nucor’s payout ratio is 6.14%.

Nucor Company Profile

(Get Rating)

Nucor Corporation manufactures and sells steel and steel products. The company's 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 products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.

See Also

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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