Van Hulzen Asset Management LLC Acquires New Position in Nucor Corporation $NUE

Van Hulzen Asset Management LLC acquired a new stake in Nucor Corporation (NYSE:NUE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,006 shares of the basic materials company’s stock, valued at approximately $670,000.

A number of other institutional investors have also recently bought and sold shares of NUE. Stance Capital LLC bought a new stake in shares of Nucor during the 3rd quarter valued at $25,000. Manning & Napier Advisors LLC bought a new position in shares of Nucor in the 2nd quarter worth $27,000. Strive Financial Group LLC bought a new position in shares of Nucor in the 4th quarter worth $27,000. Bell Investment Advisors Inc acquired a new stake in shares of Nucor during the second quarter worth $28,000. Finally, Motiv8 Investments LLC bought a new stake in Nucor in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Price Performance

Shares of NYSE NUE opened at $244.32 on Tuesday. The company has a fifty day moving average price of $246.58 and a 200 day moving average price of $217.46. The firm has a market cap of $55.43 billion, a PE ratio of 19.48, a PEG ratio of 0.90 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 1-year low of $131.32 and a 1-year high of $280.11.

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

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Nucor’s dividend payout ratio (DPR) is currently 17.86%.

Insider Activity at Nucor

In other Nucor news, EVP Thomas J. Batterbee sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $261.02, for a total transaction 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. This represents a 19.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John J. Hollatz sold 10,560 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the transaction, the executive vice president directly owned 97,865 shares of the company’s stock, valued at $25,294,187.90. This represents a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 18,528 shares of company stock valued at $4,793,035. 0.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on NUE. Seaport Research Partners increased their target price on Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Zacks Research lowered Nucor from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen upgraded shares of Nucor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. CICC Research started coverage on shares of Nucor in a research note on Monday, May 25th. They set an “outperform” rating on the stock. Finally, Bank of America reduced their price objective on shares of Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $272.38.

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.