6,659 Shares in Nucor Corporation $NUE Purchased by Centaurus Financial Inc.

Centaurus Financial Inc. acquired a new stake in shares of Nucor Corporation (NYSE:NUE) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 6,659 shares of the basic materials company’s stock, valued at approximately $1,483,000.

A number of other hedge funds also recently bought and sold shares of the business. Stance Capital LLC purchased a new position in Nucor during the third quarter worth approximately $25,000. Transamerica Financial Advisors LLC purchased a new stake in Nucor in the 2nd quarter valued at $25,000. Strive Financial Group LLC acquired a new stake in shares of Nucor in the 4th quarter worth $27,000. Manning & Napier Advisors LLC acquired a new stake in shares of Nucor in the 2nd quarter worth $27,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of Nucor during the 2nd quarter worth $28,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Nucor from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Argus lifted their target price on shares of Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. BNP Paribas Exane boosted their target price on shares of Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Seaport Research Partners increased their price target on shares of Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Wall Street Zen upgraded shares of Nucor from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Thirteen analysts have rated the stock with a Buy rating and three 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 a consensus price target of $272.38.

Nucor Price Performance

Nucor stock opened at $252.19 on Friday. The company’s 50 day simple moving average is $246.51 and its 200-day simple moving average is $218.75. The company has a market capitalization of $57.21 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 0.94 and a beta of 1.89. Nucor Corporation has a 1 year low of $131.32 and a 1 year high of $280.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.36 and a current ratio of 2.51.

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

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, June 30th. Nucor’s dividend payout ratio is 17.86%.

Insider Transactions at Nucor

In related news, COO Stephen D. Laxton sold 3,968 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $256.96, for a total value of $1,019,617.28. Following the sale, the chief operating officer owned 77,867 shares in the company, valued at approximately $20,008,704.32. The trade was a 4.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John J. Hollatz sold 10,560 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total value of $2,729,337.60. Following the transaction, the executive vice president directly owned 97,865 shares in the company, valued at approximately $25,294,187.90. The trade was a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,528 shares of company stock worth $4,793,035 over the last ninety days. Company insiders own 0.62% of the company’s stock.

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.