4,328 Nucor Corporation $NUE Shares Purchased by Integrity Alliance LLC.

Integrity Alliance LLC. boosted its position in shares of Nucor Corporation (NYSE:NUE) by 144.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,329 shares of the basic materials company’s stock after acquiring an additional 4,328 shares during the period. Integrity Alliance LLC.’s holdings in Nucor were worth $1,713,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NUE. Transamerica Financial Advisors LLC bought a new position in shares of Nucor in the second quarter worth approximately $25,000. GK Wealth Management LLC bought a new stake in shares of Nucor during the 3rd quarter valued at $28,000. Next Level Wealth Planning LLC bought a new stake in shares of Nucor during the 3rd quarter valued at $28,000. Manning & Napier Advisors LLC bought a new stake in shares of Nucor during the 2nd quarter valued at $27,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of Nucor during the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor News Roundup

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

Nucor Stock Performance

Shares of Nucor stock opened at $267.85 on Thursday. The stock’s fifty day moving average is $255.45 and its two-hundred day moving average is $224.94. The company has a market capitalization of $60.77 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 0.67 and a beta of 1.81. The company has a quick ratio of 1.43, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. Nucor Corporation has a 52 week low of $140.93 and a 52 week high of $287.70.

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

Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.56 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.8%. Nucor’s dividend payout ratio (DPR) is currently 14.26%.

Insider Buying and Selling at Nucor

In related news, COO Stephen Laxton sold 10,560 shares of Nucor stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $274.98, for a total transaction of $2,903,788.80. Following the transaction, the chief operating officer directly owned 77,867 shares of the company’s stock, valued at $21,411,867.66. This trade represents a 11.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Noah Hanners sold 5,190 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $275.03, for a total transaction of $1,427,405.70. Following the completion of the transaction, the executive vice president directly owned 44,073 shares of the company’s stock, valued at $12,121,397.19. This trade represents a 10.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 28,732 shares of company stock valued at $7,881,287 in the last ninety days. Company insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

NUE has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Nucor from $280.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. The Goldman Sachs Group reissued a “buy” rating and set a $335.00 price target on shares of Nucor in a report on Wednesday, October 28th. Freedom Broker raised Nucor from a “hold” rating to a “buy” rating and raised their price target for the company from $285.00 to $304.00 in a report on Friday, October 30th. Wedbush set a $304.00 price objective on Nucor in a research report on Monday. Finally, Bank of America dropped their price objective on Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $287.38.

Nucor 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.