First Nebraska Trust Co Acquires Shares of 81,546 Nucor Corporation $NUE

First Nebraska Trust Co bought a new position in shares of Nucor Corporation (NYSE:NUEFree Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 81,546 shares of the basic materials company’s stock, valued at approximately $13,789,000. Nucor accounts for 1.3% of First Nebraska Trust Co’s investment portfolio, making the stock its 18th biggest position.

Several other large investors have also recently modified their holdings of the business. Pathway Wealth Management LLC bought a new stake in shares of Nucor in the first quarter valued at approximately $207,000. Western Wealth Management LLC boosted its holdings in Nucor by 41.7% in the 1st quarter. Western Wealth Management LLC now owns 4,378 shares of the basic materials company’s stock worth $740,000 after buying an additional 1,288 shares during the period. Dayah Capital LLC purchased a new position in Nucor in the 1st quarter valued at approximately $2,029,000. Kentucky Retirement Systems raised its holdings in Nucor by 82.2% during the 1st quarter. Kentucky Retirement Systems now owns 26,272 shares of the basic materials company’s stock valued at $4,443,000 after acquiring an additional 11,851 shares during the period. Finally, Arkadios Wealth Advisors raised its holdings in Nucor by 7.9% during the 1st quarter. Arkadios Wealth Advisors now owns 6,202 shares of the basic materials company’s stock valued at $1,049,000 after acquiring an additional 452 shares during the period. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Stock Up 0.1%

NUE opened at $257.19 on Friday. The company has a fifty day moving average price of $242.94 and a 200-day moving average price of $207.32. The firm has a market capitalization of $58.57 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 0.58 and a beta of 1.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.55. Nucor Corporation has a one year low of $131.32 and a one year high of $270.90.

Nucor (NYSE:NUEGet Free Report) last released its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share 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 firm had revenue of $10.40 billion for the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. The business’s quarterly revenue was up 23.0% on a year-over-year basis. Equities research analysts expect that Nucor Corporation will post 17.84 earnings per share for the current fiscal year.

Nucor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, June 30th. Nucor’s payout ratio is presently 17.86%.

Insiders Place Their Bets

In other news, insider Michael D. Keller sold 4,554 shares of Nucor stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $225.86, for a total transaction of $1,028,566.44. Following the completion of the sale, the insider owned 16,834 shares in the company, valued at approximately $3,802,127.24. This trade represents a 21.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Allen C. Behr sold 10,096 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $226.08, for a total value of $2,282,503.68. Following the transaction, the executive vice president directly owned 62,871 shares of the company’s stock, valued at $14,213,875.68. The trade was a 13.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 29,950 shares of company stock worth $7,122,879. 0.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. BMO Capital Markets increased their target price on Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday. KeyCorp upgraded Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price objective on the stock in a research note on Wednesday, June 24th. Citigroup reissued a “buy” rating on shares of Nucor in a report on Wednesday. Jefferies Financial Group raised their target price on Nucor from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, BNP Paribas Exane lifted their target price on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Nucor has an average rating of “Moderate Buy” and a consensus price target of $273.31.

Get Our Latest Stock Analysis on NUE

Nucor News Roundup

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About Nucor

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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