Nucor Corporation $NUE Shares Bought by Nwam LLC

Nwam LLC increased its position in shares of Nucor Corporation (NYSE:NUE) by 173.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,320 shares of the basic materials company’s stock after buying an additional 2,738 shares during the period. Nwam LLC’s holdings in Nucor were worth $962,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Transamerica Financial Advisors LLC bought a new stake in shares of Nucor in the second quarter worth $25,000. Stance Capital LLC acquired a new stake in Nucor during the third quarter worth about $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Nucor during the 2nd quarter worth approximately $27,000. Strive Financial Group LLC bought a new stake in Nucor in the fourth quarter valued at $27,000. Finally, Bell Investment Advisors Inc bought a new stake in Nucor in the 2nd quarter valued at about $28,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Trading Up 4.7%

NYSE:NUE opened at $263.80 on Thursday. The company’s 50 day moving average is $247.46 and its 200-day moving average is $220.49. The company has a quick ratio of 1.36, a current ratio of 2.51 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 firm has a market cap of $59.85 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 0.93 and a beta of 1.87.

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

Nucor Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. UBS Group boosted their price objective on Nucor from $224.00 to $256.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Morgan Stanley set a $270.00 target price on shares of Nucor in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on shares of Nucor from $240.00 to $282.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Finally, KeyCorp raised Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price objective for the company in a research report on Wednesday, June 24th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Nucor presently has a consensus rating of “Moderate Buy” and a consensus target price of $272.38.

Insider Transactions at Nucor

In related news, COO Stephen D. Laxton sold 3,968 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the completion of the transaction, the chief operating officer owned 77,867 shares of the company’s stock, valued at approximately $20,008,704.32. The trade was a 4.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas J. Batterbee sold 4,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 16,138 shares in the company, valued at $4,212,340.76. This trade represents a 19.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.62% of the company’s stock.

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.