4,000 Shares in Nucor Corporation $NUE Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC bought a new position in shares of Nucor Corporation (NYSE:NUE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,000 shares of the basic materials company’s stock, valued at approximately $542,000.

Several other institutional investors also recently bought and sold shares of the stock. Berkshire Hathaway Inc bought a new position in Nucor during the second quarter valued at $856,792,000. Norges Bank bought a new position in Nucor in the second quarter worth approximately $479,858,000. Greenwich Wealth Management LLC bought a new stake in shares of Nucor in the 2nd quarter valued at about $123,145,000. Massachusetts Financial Services Co. MA acquired a new position in Nucor during the 2nd quarter valued at about $105,435,000. Finally, AQR Capital Management LLC raised its holdings in shares of Nucor by 580.9% in the second quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock worth $84,699,000 after buying an additional 557,819 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Thomas J. Batterbee sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.28, for a total value of $330,560.00. Following the completion of the sale, the executive vice president directly owned 17,952 shares of the company’s stock, valued at $2,967,106.56. This represents a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Allen C. Behr sold 5,950 shares of Nucor stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $157.89, for a total transaction of $939,445.50. Following the completion of the sale, the executive vice president owned 67,711 shares of the company’s stock, valued at $10,690,889.79. This trade represents a 8.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 14,950 shares of company stock worth $2,319,166. 0.71% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NUE shares. UBS Group lowered shares of Nucor from a “buy” rating to a “neutral” rating and set a $183.00 target price on the stock. in a research note on Wednesday, January 28th. JPMorgan Chase & Co. increased their target price on Nucor from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Citigroup lifted their price target on shares of Nucor from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. BNP Paribas Exane lifted their price target on Nucor from $165.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $180.00 price objective (up previously from $165.00) on shares of Nucor in a research report on Friday, January 9th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $179.36.

Nucor Price Performance

NUE opened at $181.03 on Tuesday. The company has a market capitalization of $41.43 billion, a P/E ratio of 24.01, a PEG ratio of 0.97 and a beta of 1.86. The company has a 50-day moving average of $166.99 and a 200-day moving average of $151.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.57 and a current ratio of 2.94. Nucor Corporation has a 1-year low of $97.59 and a 1-year high of $183.32.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, January 26th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.18). Nucor had a return on equity of 8.26% and a net margin of 5.37%.The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.93 billion. During the same period last year, the business posted $1.22 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities analysts expect that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.56 per share. This is an increase from Nucor’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, December 31st. Nucor’s dividend payout ratio (DPR) is presently 29.71%.

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.