Valeo Financial Advisors LLC Sells 2,555 Shares of Nucor Corporation $NUE

Valeo Financial Advisors LLC reduced its stake in Nucor Corporation (NYSE:NUE) by 31.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,514 shares of the basic materials company’s stock after selling 2,555 shares during the period. Valeo Financial Advisors LLC’s holdings in Nucor were worth $899,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NUE. AQR Capital Management LLC grew its position in Nucor by 580.9% during the 2nd quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock worth $84,699,000 after acquiring an additional 557,819 shares during the last quarter. Capital World Investors grew its position in Nucor by 20.1% during the 3rd quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company’s stock worth $412,081,000 after acquiring an additional 509,019 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Nucor by 169.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 779,940 shares of the basic materials company’s stock worth $127,216,000 after acquiring an additional 489,950 shares during the last quarter. M&T Bank Corp grew its position in Nucor by 494.5% during the 4th quarter. M&T Bank Corp now owns 434,511 shares of the basic materials company’s stock worth $70,873,000 after acquiring an additional 361,417 shares during the last quarter. Finally, Holocene Advisors LP lifted its holdings in Nucor by 146.9% during the 3rd quarter. Holocene Advisors LP now owns 548,911 shares of the basic materials company’s stock worth $74,339,000 after buying an additional 326,572 shares in the last quarter. 76.48% of the stock is currently owned by institutional investors.

Insider Transactions at Nucor

In other Nucor news, EVP Bradley Ford sold 2,240 shares of Nucor stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $232.13, for a total value of $519,971.20. Following the sale, the executive vice president owned 43,649 shares of the company’s stock, valued at $10,132,242.37. This trade represents a 4.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Allen C. Behr sold 10,096 shares of Nucor stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $226.08, for a total value of $2,282,503.68. Following the completion of the sale, the executive vice president directly owned 62,871 shares in the company, valued at $14,213,875.68. This represents a 13.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 69,318 shares of company stock worth $15,672,093. 0.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on NUE. The Goldman Sachs Group upped their price objective on Nucor from $240.00 to $260.00 in a report on Friday, May 1st. Morgan Stanley increased their price target on Nucor from $180.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. KeyCorp started coverage on Nucor in a research note on Wednesday, March 25th. They issued a “sector weight” rating on the stock. Citigroup increased their price target on Nucor from $180.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, BNP Paribas Exane increased their price target on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $243.80.

Nucor Stock Performance

Shares of Nucor stock opened at $229.77 on Wednesday. The company has a market capitalization of $52.30 billion, a PE ratio of 22.75, a PEG ratio of 0.67 and a beta of 1.87. Nucor Corporation has a 12 month low of $106.21 and a 12 month high of $235.44. The company has a current ratio of 2.90, a quick ratio of 1.55 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $187.33 and its 200 day simple moving average is $173.22.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.82 by $0.41. The business had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The firm’s revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. On average, research analysts predict that Nucor Corporation will post 13.64 EPS for the current year.

Nucor announced that its board has initiated a stock buyback plan on Friday, February 20th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to reacquire up to 9.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Tuesday, March 31st were paid a $0.56 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.24 annualized dividend and a dividend yield of 1.0%. Nucor’s dividend payout ratio (DPR) is currently 22.18%.

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.