Compass Wealth Management LLC Takes $4.41 Million Position in Nucor Corporation $NUE

Compass Wealth Management LLC purchased a new stake in Nucor Corporation (NYSE:NUE) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 19,781 shares of the basic materials company’s stock, valued at approximately $4,406,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RKL Wealth Management LLC boosted its holdings in Nucor by 0.9% in the 1st quarter. RKL Wealth Management LLC now owns 5,318 shares of the basic materials company’s stock valued at $899,000 after purchasing an additional 48 shares during the period. Focus Financial Network Inc. increased its holdings in shares of Nucor by 3.6% during the second quarter. Focus Financial Network Inc. now owns 1,417 shares of the basic materials company’s stock worth $316,000 after purchasing an additional 49 shares during the period. Empirical Asset Management LLC increased its holdings in shares of Nucor by 2.6% during the fourth quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company’s stock worth $347,000 after purchasing an additional 54 shares during the period. Krilogy Financial LLC raised its position in shares of Nucor by 4.1% in the fourth quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company’s stock valued at $272,000 after buying an additional 61 shares in the last quarter. Finally, Moody National Bank Trust Division raised its position in shares of Nucor by 4.6% in the second quarter. Moody National Bank Trust Division now owns 1,396 shares of the basic materials company’s stock valued at $311,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insiders Place Their Bets

In other Nucor news, EVP John J. Hollatz sold 10,560 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the sale, the executive vice president owned 97,865 shares of the company’s stock, valued at approximately $25,294,187.90. The trade was a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas J. Batterbee sold 4,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total value of $1,044,080.00. Following the completion of the transaction, the executive vice president owned 16,138 shares of the company’s stock, valued at $4,212,340.76. The trade was a 19.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 18,528 shares of company stock valued at $4,793,035. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Seaport Research Partners increased their price target on Nucor from $245.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. BMO Capital Markets lifted their price objective on Nucor from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nucor in a research report on Tuesday, August 11th. Argus increased their target price on Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, UBS Group raised their price target on Nucor from $224.00 to $256.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.31.

Nucor Stock Down 2.9%

Shares of NYSE NUE opened at $264.74 on Wednesday. The company has a market cap of $60.06 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 0.60 and a beta of 1.89. The company has a current ratio of 2.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.27. Nucor Corporation has a 12 month low of $131.32 and a 12 month high of $280.11. The stock has a 50-day moving average price of $247.76 and a two-hundred day moving average price of $215.68.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.38. The company had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period last year, the company posted $2.60 EPS. As a group, analysts forecast that Nucor Corporation will post 17.95 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th were given a $0.56 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.24 dividend on an annualized basis and a yield of 0.8%. Nucor’s dividend payout ratio (DPR) is currently 17.86%.

About Nucor

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.