1,983 Nucor Corporation $NUE Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in shares of Nucor Corporation (NYSE:NUE) by 18.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,997 shares of the basic materials company’s stock after purchasing an additional 1,983 shares during the period. Vise Technologies Inc.’s holdings in Nucor were worth $3,038,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Nucor in the second quarter valued at approximately $4,452,563,000. Bank of America Corp DE acquired a new stake in shares of Nucor during the 2nd quarter worth approximately $462,886,000. Dimensional Fund Advisors LP increased its stake in shares of Nucor by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,539,044 shares of the basic materials company’s stock valued at $429,298,000 after acquiring an additional 22,718 shares in the last quarter. Berkshire Hathaway Inc bought a new stake in shares of Nucor in the 2nd quarter valued at $413,814,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Nucor during the 2nd quarter valued at $330,902,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Buying and Selling

In other Nucor news, insider Michael Keller sold 1,136 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $279.33, for a total transaction of $317,318.88. Following the completion of the sale, the insider directly owned 15,588 shares of the company’s stock, valued at approximately $4,354,196.04. The trade was a 6.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Stephen Laxton sold 10,560 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $274.98, for a total value of $2,903,788.80. Following the completion of the sale, the chief operating officer directly owned 77,867 shares of the company’s stock, valued at approximately $21,411,867.66. This trade represents a 11.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,732 shares of company stock worth $7,881,287 over the last 90 days. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

NUE has been the topic of several research analyst reports. Citigroup reissued a “buy” rating on shares of Nucor in a research note on Wednesday, July 29th. Morgan Stanley set a $270.00 price objective on shares of Nucor in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on shares of Nucor from $296.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Cfra raised Nucor from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, Wedbush set a $304.00 price target on Nucor in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $287.38.

Trending Headlines about Nucor

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

NUE opened at $267.85 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average price is $255.45 and its two-hundred day moving average price is $224.94. Nucor Corporation has a 1-year low of $140.93 and a 1-year high of $287.70. The company has a market cap of $60.77 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.67 and a beta of 1.81.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, October 26th. The basic materials company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $5.84 by ($0.04). The business had revenue of $11.25 billion during 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 firm’s quarterly revenue was up 32.0% on a year-over-year basis. During the same period last year, the business posted $2.63 earnings per share. On average, analysts expect that Nucor Corporation will post 19.61 EPS for the current fiscal year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Wednesday, September 30th will be given a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.24 annualized dividend and a yield of 0.8%. Nucor’s dividend payout ratio (DPR) is presently 14.26%.

Nucor Company 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.