Nucor Corporation $NUE Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in shares of Nucor Corporation (NYSE:NUE) by 18.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,997 shares of the basic materials company’s stock after buying an additional 1,983 shares during the period. Vise Technologies Inc.’s holdings in Nucor were worth $3,038,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC acquired a new stake in shares of Nucor in the 2nd quarter valued at approximately $25,000. GK Wealth Management LLC bought a new stake in shares of Nucor during the 3rd quarter valued at approximately $28,000. Manning & Napier Advisors LLC acquired a new position in Nucor during the 2nd quarter worth approximately $27,000. Bell Investment Advisors Inc acquired a new position in Nucor during the 2nd quarter worth approximately $28,000. Finally, Markowski Investments acquired a new position in Nucor during the 2nd quarter worth approximately $29,000. Institutional investors own 76.48% of the company’s stock.

Nucor Trading Down 2.1%

NUE opened at $267.85 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.46 and a quick ratio of 1.43. Nucor Corporation has a fifty-two week low of $140.93 and a fifty-two week high of $287.70. The company’s 50 day moving average price is $255.45 and its two-hundred day moving average price is $224.94. The firm has a market capitalization of $60.77 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.67 and a beta of 1.81.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.84 by ($0.04). Nucor had a net margin of 9.26% and a return on equity of 15.53%. The business had revenue of $11.25 billion for the quarter, compared to the consensus estimate of $10.84 billion. During the same period in the previous year, the business posted $2.63 EPS. Nucor’s revenue was up 32.0% on a year-over-year basis. As a group, research analysts predict that Nucor Corporation will post 19.61 earnings per share for the current year.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.24 annualized dividend and a yield of 0.8%. Nucor’s payout ratio is presently 14.26%.

Insider Buying and Selling

In other Nucor news, EVP Allen C. Behr sold 11,846 shares of the company’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $272.90, for a total value of $3,232,773.40. Following the sale, the executive vice president owned 58,022 shares in the company, valued at approximately $15,834,203.80. The trade was a 16.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Noah Hanners sold 5,190 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $275.03, for a total value of $1,427,405.70. Following the completion of the sale, the executive vice president directly owned 44,073 shares of the company’s stock, valued at approximately $12,121,397.19. The trade was a 10.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,732 shares of company stock valued at $7,881,287 over the last 90 days. 0.62% of the stock is owned by corporate insiders.

Trending Headlines about Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: KeyCorp raised its price target to $301 from $286 and maintained an Overweight rating. CFRA also upgraded Nucor from Strong Sell to Hold, a less pessimistic view. Analyst ratings
• Positive Sentiment: Recent quarterly results showed revenue up 32% year over year and ahead of estimates, though EPS narrowly missed consensus. Steady guidance, moderating capital spending and strong cash flow are also supporting shareholder returns, including buybacks and dividends. Nucor: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Nucor has shown strong relative strength over the past month, but the latest pullback followed a substantial recent share-price advance and a move near its 52-week high. Stocks Showing Impressive Relative Strength
• Negative Sentiment: Several insiders have recently sold shares. COO Stephen Laxton sold 10,560 shares, reducing his position by 11.94%; EVP Allen Behr and insider Michael Keller also disclosed sales. Such transactions can add caution, although they do not necessarily signal a change in the company’s outlook. SEC filing for Stephen Laxton sale
• Negative Sentiment: Nucor fell sharply in the latest session, with the decline reported to have erased about $3 billion in market value. The available report describes the selloff but does not identify a specific catalyst. Nucor Drops 5.4% in a Single Session

Analysts Set New Price Targets

A number of brokerages have weighed in on NUE. BMO Capital Markets raised their target price 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. Piper Sandler set a $304.00 price target on Nucor in a research note on Friday, October 30th. Cfra raised Nucor from a “strong sell” rating to a “hold” rating in a report on Wednesday. UBS Group boosted their price objective on Nucor from $224.00 to $256.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Finally, Wells Fargo & Company boosted their price objective on Nucor from $280.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $287.38.

Nucor Company Profile

Nucor Corporation is a steel producer headquartered in Charlotte, North Carolina. Through its operating subsidiaries, the company manufactures steel and steel products for customers in construction, automotive, energy, heavy equipment, transportation and other industrial markets.

Nucor’s operations include electric arc furnace steel mills, which produce carbon, alloy and galvanized steel products. Its product portfolio includes sheet steel, plate, beams, bars, wire and wire mesh, steel joists, deck, piling, fabricated concrete reinforcing steel and other downstream products.