EverSource Wealth Advisors LLC increased its position in Nucor Co. (NYSE:NUE – Get Rating) by 34.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 540 shares of the basic materials company’s stock after acquiring an additional 139 shares during the period. EverSource Wealth Advisors LLC’s holdings in Nucor were worth $80,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Bailard Inc. lifted its holdings in shares of Nucor by 2.0% in the first quarter. Bailard Inc. now owns 26,694 shares of the basic materials company’s stock valued at $3,968,000 after buying an additional 534 shares during the period. IFM Investors Pty Ltd raised its position in shares of Nucor by 15.3% during the first quarter. IFM Investors Pty Ltd now owns 43,770 shares of the basic materials company’s stock worth $6,506,000 after purchasing an additional 5,820 shares during the period. Howland Capital Management LLC acquired a new stake in shares of Nucor during the first quarter worth $204,000. Zacks Investment Management raised its position in shares of Nucor by 5.3% during the fourth quarter. Zacks Investment Management now owns 26,310 shares of the basic materials company’s stock worth $3,004,000 after purchasing an additional 1,327 shares during the period. Finally, Chicago Capital LLC acquired a new stake in shares of Nucor during the first quarter worth $235,000. Institutional investors and hedge funds own 79.07% of the company’s stock.
Insider Transactions at Nucor
In other news, EVP Kenneth Rex Query sold 5,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 76,100 shares in the company, valued at approximately $10,778,804. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Allen C. Behr sold 3,407 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $122.17, for a total transaction of $416,233.19. Following the completion of the sale, the executive vice president now owns 64,087 shares in the company, valued at approximately $7,829,508.79. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kenneth Rex Query sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $141.64, for a total value of $708,200.00. Following the sale, the executive vice president now owns 76,100 shares of the company’s stock, valued at approximately $10,778,804. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Nucor Stock Performance
Shares of NYSE NUE opened at $117.08 on Friday. The business’s 50-day moving average price is $130.80 and its two-hundred day moving average price is $133.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.62 and a quick ratio of 1.39. Nucor Co. has a one year low of $88.50 and a one year high of $187.90. The company has a market capitalization of $30.65 billion, a P/E ratio of 3.59 and a beta of 1.39.
Nucor (NYSE:NUE – Get Rating) last released its quarterly 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 during the quarter, compared to the consensus estimate of $11.59 billion. Nucor had a return on equity of 57.78% and a net margin of 21.03%. The firm’s revenue was up 34.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.04 EPS. Analysts anticipate that Nucor Co. will post 31.01 earnings per share for the current fiscal year.
Nucor Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.71%. Nucor’s dividend payout ratio (DPR) is presently 6.14%.
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.
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