DeDora Capital Inc. Has $490,000 Holdings in Nucor Corporation $NUE

DeDora Capital Inc. lifted its stake in shares of Nucor Corporation (NYSE:NUE) by 5.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,783 shares of the basic materials company’s stock after buying an additional 181 shares during the period. DeDora Capital Inc.’s holdings in Nucor were worth $490,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NUE. Diamond Hill Capital Management Inc. acquired a new stake in Nucor in the first quarter valued at $194,804,000. Nuveen LLC acquired a new stake in Nucor in the first quarter valued at $141,216,000. Vanguard Group Inc. increased its holdings in Nucor by 2.6% in the first quarter. Vanguard Group Inc. now owns 28,959,327 shares of the basic materials company’s stock valued at $3,484,965,000 after purchasing an additional 745,671 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Nucor by 355.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 539,310 shares of the basic materials company’s stock valued at $72,327,000 after purchasing an additional 420,970 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Nucor by 18.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,309,452 shares of the basic materials company’s stock valued at $277,920,000 after purchasing an additional 355,364 shares during the period. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Nucor Trading Down 0.7%

NYSE:NUE opened at $131.70 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 2.83. The firm has a market cap of $30.23 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 0.94 and a beta of 1.75. Nucor Corporation has a 52 week low of $97.59 and a 52 week high of $170.52. The firm has a 50-day moving average price of $140.92 and a two-hundred day moving average price of $129.76.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, July 28th. The basic materials company reported $2.60 EPS for the quarter, beating the consensus estimate of $2.54 by $0.06. The firm had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.47 billion. Nucor had a net margin of 4.21% and a return on equity of 6.65%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $2.68 EPS. On average, equities analysts expect that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.20 annualized dividend and a dividend yield of 1.7%. Nucor’s dividend payout ratio (DPR) is presently 39.71%.

Insider Activity at Nucor

In other news, EVP Kenneth Rex Query sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $144.90, for a total transaction of $1,449,000.00. Following the completion of the sale, the executive vice president owned 84,080 shares in the company, valued at $12,183,192. This trade represents a 10.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel R. Needham sold 7,200 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the sale, the executive vice president owned 92,179 shares of the company’s stock, valued at approximately $13,458,134. The trade was a 7.24% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,309 shares of company stock worth $4,553,771. 0.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Jefferies Financial Group raised shares of Nucor from a “hold” rating to a “buy” rating and upped their price target for the company from $135.00 to $170.00 in a research report on Thursday, July 31st. The Goldman Sachs Group cut their price target on shares of Nucor from $182.00 to $173.00 and set a “buy” rating on the stock in a research report on Monday, September 22nd. Bank of America upped their price target on shares of Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Wells Fargo & Company cut their price target on shares of Nucor from $146.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Nucor from $165.00 to $172.00 and gave the company an “overweight” rating in a research report on Monday, October 13th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Nucor presently has an average rating of “Moderate Buy” and a consensus price target of $157.60.

About Nucor

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.