Volterra Technologies LP Buys Shares of 4,306 Nucor Corporation $NUE

Volterra Technologies LP bought a new stake in Nucor Corporation (NYSE:NUE) during the third quarter, Holdings Channel.com reports. The firm bought 4,306 shares of the basic materials company’s stock, valued at approximately $583,000.

Other institutional investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC raised its stake in shares of Nucor by 21.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,266 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 568 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Nucor during the first quarter valued at approximately $259,000. Geneos Wealth Management Inc. raised its position in Nucor by 81.8% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 153 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Nucor in the 2nd quarter valued at $390,000. Finally, Wedbush Securities Inc. bought a new position in Nucor in the 2nd quarter valued at $215,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Activity at Nucor

In other news, EVP Thomas J. Batterbee sold 2,000 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $165.28, for a total transaction of $330,560.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel R. Needham sold 3,881 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $178.00, for a total value of $690,818.00. Following the completion of the transaction, the executive vice president directly owned 88,298 shares in the company, valued at $15,717,044. This trade represents a 4.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 34,351 shares of company stock worth $6,206,158. 0.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NUE has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nucor in a research note on Monday, December 29th. Jefferies Financial Group lifted their target price on Nucor from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Wells Fargo & Company upped their price objective on Nucor from $184.00 to $194.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. BNP Paribas Exane raised their price objective on shares of Nucor from $165.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Finally, UBS Group downgraded shares of Nucor from a “buy” rating to a “neutral” rating and set a $183.00 price target for the company. in a research report on Wednesday, January 28th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $187.90.

Nucor Trading Down 1.3%

Shares of Nucor stock opened at $163.52 on Friday. The stock has a fifty day moving average price of $177.20 and a 200-day moving average price of $158.45. Nucor Corporation has a 1 year low of $97.59 and a 1 year high of $196.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.94 and a quick ratio of 1.57. The firm has a market cap of $37.25 billion, a PE ratio of 21.69, a P/E/G ratio of 0.59 and a beta of 1.83.

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

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

Nucor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.24 annualized dividend and a dividend yield of 1.4%. Nucor’s dividend payout ratio (DPR) is 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.