Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires Shares of 18,984 Nucor Corporation $NUE

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Nucor Corporation (NYSE:NUE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,984 shares of the basic materials company’s stock, valued at approximately $3,096,000.

Several other institutional investors also recently bought and sold shares of NUE. Stance Capital LLC purchased a new stake in shares of Nucor during the 3rd quarter worth $25,000. AXS Investments LLC purchased a new stake in shares of Nucor during the 3rd quarter worth $37,000. Vision Financial Markets LLC boosted its position in shares of Nucor by 281.7% during the 3rd quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 200 shares in the last quarter. Ares Financial Consulting LLC purchased a new stake in shares of Nucor during the 4th quarter worth $45,000. Finally, Caitlin John LLC purchased a new stake in shares of Nucor during the 3rd quarter worth $41,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NUE shares. BMO Capital Markets boosted their target price on shares of Nucor from $196.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. KeyCorp started coverage on shares of Nucor in a research report on Wednesday, March 25th. They set a “sector weight” rating on the stock. Jefferies Financial Group boosted their target price on shares of Nucor from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Wells Fargo & Company boosted their target price on shares of Nucor from $213.00 to $244.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Nucor from $212.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $245.45.

Nucor Price Performance

Nucor stock opened at $225.56 on Thursday. Nucor Corporation has a 52 week low of $106.21 and a 52 week high of $235.45. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30. The firm’s 50-day simple moving average is $193.75 and its 200 day simple moving average is $176.66. The firm has a market capitalization of $51.37 billion, a PE ratio of 22.33, a P/E/G ratio of 0.60 and a beta of 1.87.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.82 by $0.41. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The business had revenue of $9.50 billion for the quarter, compared to analyst estimates of $8.88 billion. During the same period in the previous year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. On average, equities research analysts predict that Nucor Corporation will post 14.58 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Tuesday, March 31st were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, March 31st. Nucor’s dividend payout ratio is 22.18%.

Nucor declared that its board has initiated a share buyback plan on Friday, February 20th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to purchase up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Nucor news, EVP Noah C. Hanners sold 6,472 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $226.50, for a total value of $1,465,908.00. Following the transaction, the executive vice president directly owned 50,377 shares in the company, valued at approximately $11,410,390.50. This represents a 11.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel R. Needham sold 12,888 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $226.00, for a total transaction of $2,912,688.00. Following the completion of the transaction, the executive vice president owned 89,724 shares in the company, valued at approximately $20,277,624. This trade represents a 12.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 71,818 shares of company stock worth $16,234,593 in the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Nucor Profile

Nucor Corporation (NYSE: NUE) is an American steel producer headquartered in Charlotte, North Carolina. The company is primarily engaged in the manufacture and sale of steel and steel products, operating a network of steel mills, recycling facilities and fabrication plants across the United States and North America. Nucor’s operations emphasize electric arc furnace steelmaking using recycled scrap metal, which supports a decentralized, mill-based production model focused on efficiency and flexibility.

Product offerings span a broad range of basic and value‑added steel items, including sheet, plate, merchant bar, structural beams, reinforcing bar, tubing, fasteners and fabricated components.