Nucor Corporation $NUE Stake Increased by Buck Wealth Strategies LLC

Buck Wealth Strategies LLC boosted its holdings in shares of Nucor Corporation (NYSE:NUE) by 176.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,571 shares of the basic materials company’s stock after buying an additional 2,915 shares during the period. Buck Wealth Strategies LLC’s holdings in Nucor were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of NUE. Vanguard Group Inc. grew its position in Nucor by 0.7% during the second quarter. Vanguard Group Inc. now owns 29,171,068 shares of the basic materials company’s stock valued at $3,778,820,000 after purchasing an additional 211,741 shares in the last quarter. State Street Corp boosted its stake in shares of Nucor by 3.1% during the 2nd quarter. State Street Corp now owns 12,501,779 shares of the basic materials company’s stock valued at $1,626,321,000 after buying an additional 371,911 shares during the period. Berkshire Hathaway Inc acquired a new stake in shares of Nucor during the 2nd quarter valued at $856,792,000. Norges Bank purchased a new position in shares of Nucor during the 2nd quarter valued at $479,858,000. Finally, Nordea Investment Management AB increased its stake in shares of Nucor by 2.0% in the third quarter. Nordea Investment Management AB now owns 1,892,423 shares of the basic materials company’s stock worth $255,155,000 after acquiring an additional 36,323 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley reaffirmed an “equal weight” rating and set a $180.00 price target (up from $165.00) on shares of Nucor in a research note on Friday, January 9th. Seaport Research Partners lifted their price target on Nucor from $170.00 to $185.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Nucor in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Nucor from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $179.36.

Insider Activity

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

Nucor Trading Up 1.9%

NYSE:NUE opened at $181.03 on Tuesday. The company’s 50 day moving average is $166.99 and its 200-day moving average is $151.07. The company has a quick ratio of 1.57, a current ratio of 2.94 and a debt-to-equity ratio of 0.31. Nucor Corporation has a 12 month low of $97.59 and a 12 month high of $183.32. The firm has a market cap of $41.43 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 0.97 and a beta of 1.86.

Nucor (NYSE:NUE) last announced its earnings results on Monday, January 26th. The basic materials company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.18). The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.93 billion. Nucor had a return on equity of 8.26% and a net margin of 5.37%.The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.22 EPS. Equities analysts anticipate that Nucor Corporation will post 7.64 EPS for the current 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 dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date is Wednesday, December 31st. Nucor’s dividend payout ratio is presently 29.71%.

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.