Nucor Corporation $NUE is Peterson Wealth Services’ 5th Largest Position

Peterson Wealth Services boosted its holdings in Nucor Corporation (NYSE:NUE) by 587,032.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,783 shares of the basic materials company’s stock after purchasing an additional 146,758 shares during the quarter. Nucor makes up 4.5% of Peterson Wealth Services’ portfolio, making the stock its 5th biggest holding. Peterson Wealth Services’ holdings in Nucor were worth $19,879,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NUE. Hudson Capital Management LLC grew its holdings in shares of Nucor by 6.6% during the 2nd quarter. Hudson Capital Management LLC now owns 34,784 shares of the basic materials company’s stock worth $4,506,000 after purchasing an additional 2,154 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Nucor during the second quarter worth approximately $236,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Nucor in the second quarter worth $5,225,000. Allstate Corp acquired a new position in shares of Nucor during the 3rd quarter valued at $1,085,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in Nucor by 11.7% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 135,065 shares of the basic materials company’s stock valued at $17,496,000 after purchasing an additional 14,106 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Stock Performance

Shares of NUE stock opened at $181.03 on Tuesday. The stock has a market capitalization of $41.43 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 0.97 and a beta of 1.86. Nucor Corporation has a one year low of $97.59 and a one year high of $183.32. The company’s 50-day simple moving average is $166.99 and its 200-day simple moving average is $151.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.57 and a current ratio of 2.94.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, January 26th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.18). The firm had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.93 billion. Nucor had a net margin of 5.37% and a return on equity of 8.26%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 EPS. Equities analysts anticipate that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, December 31st will be issued a $0.56 dividend. This is a boost from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.24 annualized dividend and a dividend yield of 1.2%. Nucor’s dividend payout ratio (DPR) is presently 29.71%.

Insiders Place Their Bets

In other Nucor news, EVP Thomas J. Batterbee sold 2,000 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $165.28, for a total value of $330,560.00. Following the sale, the executive vice president directly owned 17,952 shares of the company’s stock, valued at $2,967,106.56. This trade represents a 10.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Allen C. Behr sold 5,950 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $157.89, for a total transaction of $939,445.50. Following the transaction, the executive vice president directly owned 67,711 shares of the company’s stock, valued at approximately $10,690,889.79. This trade represents a 8.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,950 shares of company stock valued at $2,319,166 over the last quarter. Insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NUE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Nucor in a report on Monday, December 29th. Wall Street Zen upgraded shares of Nucor from a “hold” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group boosted their price objective on shares of Nucor from $182.00 to $196.00 and gave the stock a “buy” rating in a report on Friday, January 16th. JPMorgan Chase & Co. boosted their price target on Nucor from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Finally, Wells Fargo & Company raised their price objective on Nucor from $176.00 to $184.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.36.

Nucor Company 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.