Fideuram Asset Management Ireland dac Purchases New Shares in Nucor Corporation $NUE

Fideuram Asset Management Ireland dac purchased a new stake in shares of Nucor Corporation (NYSE:NUE) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 13,240 shares of the basic materials company’s stock, valued at approximately $2,160,000.

Several other hedge funds also recently made changes to their positions in NUE. Stance Capital LLC bought a new stake in shares of Nucor during the third quarter valued at approximately $25,000. AXS Investments LLC bought a new stake in shares of Nucor during the third quarter valued at approximately $37,000. Vision Financial Markets LLC increased its stake in shares of Nucor by 281.7% during the third quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. Caitlin John LLC purchased a new position in shares of Nucor during the third quarter valued at approximately $41,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Nucor by 81.8% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 153 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on NUE shares. Bank of America upped their price target on Nucor from $190.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. UBS Group cut Nucor from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $190.00 to $224.00 in a research note on Tuesday, April 28th. Citigroup boosted their target price on Nucor from $180.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company boosted their target price on Nucor from $213.00 to $244.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, BMO Capital Markets boosted their target price on Nucor from $196.00 to $235.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $247.50.

Nucor Price Performance

Shares of NUE opened at $250.06 on Friday. The company has a market capitalization of $56.95 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 0.66 and a beta of 1.87. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $204.13 and a 200 day moving average of $181.02. Nucor Corporation has a twelve month low of $106.21 and a twelve month high of $251.39.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.41. The company had revenue of $9.50 billion during the quarter, compared to the consensus estimate of $8.88 billion. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share. As a group, equities research analysts anticipate that Nucor Corporation will post 14.84 earnings per share for the current fiscal year.

Nucor announced that its Board of Directors has authorized a stock buyback plan on Friday, February 20th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the basic materials company to reacquire up to 9.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Nucor

In related news, EVP Allen C. Behr sold 10,096 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the completion of the sale, the executive vice president owned 62,871 shares of the company’s stock, valued at $14,213,875.68. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Noah C. Hanners sold 6,472 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $226.50, for a total transaction of $1,465,908.00. Following the sale, the executive vice president directly owned 50,377 shares of the company’s stock, valued at $11,410,390.50. This trade represents a 11.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,818 shares of company stock valued at $16,234,593 over the last ninety days. Corporate insiders own 0.62% of the company’s stock.

Nucor Company 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.