Trust Co. of Vermont Takes Position in Nucor Corporation $NUE

Trust Co. of Vermont bought a new stake in Nucor Corporation (NYSE:NUE) during the second quarter, Holdings Channel.com reports. The institutional investor bought 3,586 shares of the basic materials company’s stock, valued at approximately $799,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Stance Capital LLC purchased a new position in Nucor during the 3rd quarter valued at about $25,000. Strive Financial Group LLC acquired a new position in shares of Nucor in the fourth quarter valued at approximately $27,000. Bell Investment Advisors Inc purchased a new stake in Nucor during the 2nd quarter worth approximately $28,000. Motiv8 Investments LLC acquired a new stake in Nucor during the 4th quarter worth approximately $32,000. Finally, Bartlett & CO. Wealth Management LLC boosted its position in Nucor by 49.2% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock valued at $32,000 after buying an additional 63 shares during the period. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NUE has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nucor in a report on Tuesday, August 11th. Bank of America reduced their price target on Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. BNP Paribas Exane lifted their price objective on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. The Goldman Sachs Group boosted their price objective on Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Finally, Morgan Stanley set a $270.00 target price on shares of Nucor in a research note on Wednesday, July 29th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Nucor currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.31.

Nucor Price Performance

Shares of NUE opened at $264.74 on Wednesday. The stock has a market cap of $60.06 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 0.60 and a beta of 1.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. Nucor Corporation has a 1-year low of $131.32 and a 1-year high of $280.11. The firm has a fifty day moving average price of $247.76 and a 200 day moving average price of $215.68.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.38. The firm had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.60 EPS. As a group, sell-side analysts anticipate that Nucor Corporation will post 17.95 EPS for the current year.

Nucor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Nucor’s dividend payout ratio (DPR) is presently 17.86%.

Insider Buying and Selling at Nucor

In other news, EVP John J. Hollatz sold 10,560 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the completion of the sale, the executive vice president owned 97,865 shares in the company, valued at approximately $25,294,187.90. This represents a 9.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas J. Batterbee sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $261.02, for a total value of $1,044,080.00. Following the transaction, the executive vice president directly owned 16,138 shares in the company, valued at approximately $4,212,340.76. This represents a 19.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 18,528 shares of company stock worth $4,793,035. 0.62% of the stock is owned by company insiders.

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.