Nucor Corporation $NUE Holdings Lowered by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its stake in Nucor Corporation (NYSE:NUE) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,565 shares of the basic materials company’s stock after selling 14,264 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Nucor were worth $15,507,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Stance Capital LLC bought a new position in Nucor during the 3rd quarter valued at $25,000. AXS Investments LLC bought a new stake in shares of Nucor in the 3rd quarter worth $37,000. Vision Financial Markets LLC lifted its holdings in shares of Nucor by 281.7% in the third quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock valued at $37,000 after buying an additional 200 shares during the period. Caitlin John LLC bought a new position in Nucor during the third quarter valued at about $41,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Nucor during the second quarter worth about $39,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Nucor from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, December 5th. The Goldman Sachs Group lifted their price objective on shares of Nucor from $182.00 to $196.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Wells Fargo & Company boosted their target price on shares of Nucor from $194.00 to $197.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. Morgan Stanley reissued an “equal weight” rating and set a $180.00 target price (up from $165.00) on shares of Nucor in a research note on Friday, January 9th. Finally, Wall Street Zen cut shares of Nucor from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Nucor presently has an average rating of “Moderate Buy” and an average price target of $188.30.

Nucor Stock Performance

Shares of NUE stock opened at $164.91 on Thursday. The company has a market capitalization of $37.56 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 0.58 and a beta of 1.83. Nucor Corporation has a 1-year low of $97.59 and a 1-year high of $196.90. The company has a current ratio of 2.94, a quick ratio of 1.57 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $176.26 and its 200-day simple moving average is $159.31.

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

Nucor Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.4%. Nucor’s payout ratio is presently 29.71%.

Nucor announced that its board has authorized a share buyback program on Friday, February 20th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the basic materials company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 7,452 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $196.02, for a total value of $1,460,741.04. Following the completion of the sale, the executive vice president owned 76,628 shares in the company, valued at $15,020,620.56. This represents a 8.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel R. Needham sold 3,881 shares of Nucor stock in a transaction on Friday, January 30th. The shares were sold at an average price of $178.00, for a total transaction of $690,818.00. Following the sale, the executive vice president directly owned 88,298 shares of the company’s stock, 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 quarter, insiders have sold 26,401 shares of company stock worth $4,936,152. 0.46% of the stock is currently owned by company insiders.

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.