Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $2.58 Million Stake in Nucor Corporation $NUE

Fideuram Intesa Sanpaolo Private Banking S.P.A. reduced its holdings in shares of Nucor Corporation (NYSE:NUE) by 19.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,238 shares of the basic materials company’s stock after selling 3,746 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Nucor were worth $2,577,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Stance Capital LLC acquired a new position in shares of Nucor in the third quarter valued at approximately $25,000. Strive Financial Group LLC bought a new position in Nucor in the 4th quarter valued at approximately $27,000. Motiv8 Investments LLC acquired a new stake in Nucor during the 4th quarter worth approximately $32,000. Mcguire Capital Advisors Inc. bought a new stake in Nucor during the 4th quarter worth approximately $32,000. Finally, Reflection Asset Management acquired a new stake in Nucor in the fourth quarter valued at $36,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on NUE. The Goldman Sachs Group lifted their target price on Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Morgan Stanley boosted their price target on shares of Nucor from $227.00 to $258.00 and gave the stock an “equal weight” rating in a research report on Monday, June 22nd. Wall Street Zen raised shares of Nucor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Wells Fargo & Company decreased their price target on Nucor from $292.00 to $283.00 and set an “overweight” rating for the company in a report on Thursday, June 18th. Finally, Jefferies Financial Group boosted their price objective on Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $266.92.

Insider Activity

In other news, EVP John J. Hollatz sold 10,560 shares of the business’s 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 directly owned 97,865 shares of the company’s stock, valued at $25,294,187.90. The trade was a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Allen C. Behr sold 10,096 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 62,871 shares of the company’s stock, valued at $14,213,875.68. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 82,378 shares of company stock valued at $18,963,930. 0.62% of the stock is currently owned by insiders.

Nucor Trading Down 0.1%

NYSE NUE opened at $220.61 on Friday. The company has a market cap of $50.24 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 0.50 and a beta of 1.91. Nucor Corporation has a 52 week low of $131.32 and a 52 week high of $270.90. The business has a 50 day moving average price of $237.84 and a 200-day moving average price of $196.89. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.41. The business 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%. Nucor’s revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 EPS. As a group, equities analysts expect that Nucor Corporation will post 17.68 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, June 30th. Nucor’s dividend payout ratio (DPR) is currently 22.18%.

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.