United Capital Financial Advisors LLC Makes New Investment in Nucor Corporation $NUE

United Capital Financial Advisors LLC acquired a new stake in Nucor Corporation (NYSE:NUE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,222 shares of the basic materials company’s stock, valued at approximately $3,168,000.

A number of other hedge funds have also recently made changes to their positions in NUE. RKL Wealth Management LLC lifted its position in Nucor by 0.9% in the 1st quarter. RKL Wealth Management LLC now owns 5,318 shares of the basic materials company’s stock valued at $899,000 after acquiring an additional 48 shares in the last quarter. Focus Financial Network Inc. increased its holdings in Nucor by 3.6% during the 2nd quarter. Focus Financial Network Inc. now owns 1,417 shares of the basic materials company’s stock worth $316,000 after purchasing an additional 49 shares in the last quarter. Empirical Asset Management LLC raised its stake in shares of Nucor by 2.6% in the fourth quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company’s stock worth $347,000 after purchasing an additional 54 shares during the last quarter. Moody National Bank Trust Division raised its stake in shares of Nucor by 4.6% in the second quarter. Moody National Bank Trust Division now owns 1,396 shares of the basic materials company’s stock worth $311,000 after purchasing an additional 62 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Nucor by 49.2% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 63 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Price Performance

Shares of NYSE:NUE opened at $250.84 on Friday. The company’s 50-day moving average is $246.64 and its 200 day moving average is $218.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.36 and a current ratio of 2.51. The company has a market capitalization of $56.91 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 0.94 and a beta of 1.89. Nucor Corporation has a fifty-two week low of $131.32 and a fifty-two week high of $280.11.

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

Nucor Announces Dividend

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

Wall Street Analysts Forecast Growth

NUE has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Nucor from $240.00 to $282.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Wells Fargo & Company cut their price target on shares of Nucor from $297.00 to $285.00 and set an “overweight” rating on the stock in a report on Monday, August 24th. Argus increased their price objective on shares of Nucor from $200.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Zacks Research cut shares of Nucor from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, BNP Paribas Exane boosted their target price on Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.38.

Insider Transactions at Nucor

In other news, EVP John J. Hollatz sold 10,560 shares of the firm’s stock in a transaction that occurred on 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 owned 97,865 shares in the company, valued at $25,294,187.90. This trade represents a 9.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Stephen D. Laxton sold 3,968 shares of Nucor stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the completion of the sale, the chief operating officer directly owned 77,867 shares in the company, valued at $20,008,704.32. This trade represents a 4.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 18,528 shares of company stock worth $4,793,035 in the last quarter. Insiders own 0.62% of the company’s stock.

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.