Nucor Corporation $NUE Shares Purchased by Liberty One Investment Management LLC

Liberty One Investment Management LLC increased its holdings in shares of Nucor Corporation (NYSE:NUE) by 215.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,523 shares of the basic materials company’s stock after purchasing an additional 3,091 shares during the period. Liberty One Investment Management LLC’s holdings in Nucor were worth $765,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NUE. Integrated Wealth Concepts LLC grew its stake in shares of Nucor by 21.1% in the first quarter. Integrated Wealth Concepts LLC now owns 3,266 shares of the basic materials company’s stock worth $393,000 after acquiring an additional 568 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Nucor during the first quarter worth $259,000. Geneos Wealth Management Inc. raised its stake in shares of Nucor by 81.8% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 153 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Nucor in the second quarter valued at $390,000. Finally, Cerity Partners LLC boosted its holdings in Nucor by 51.9% in the second quarter. Cerity Partners LLC now owns 40,629 shares of the basic materials company’s stock valued at $5,263,000 after purchasing an additional 13,877 shares during the period. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Nucor

In other news, EVP John J. Hollatz sold 10,560 shares of the business’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 approximately $25,294,187.90. The trade was a 9.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Noah C. Hanners sold 6,472 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $226.50, for a total transaction of $1,465,908.00. Following the completion of the transaction, the executive vice president owned 50,377 shares of the company’s stock, valued at approximately $11,410,390.50. The trade was a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 82,378 shares of company stock valued at $18,963,930 over the last three months. 0.62% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on NUE. Seaport Research Partners boosted their target price on Nucor from $245.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Bank of America reduced their price target on Nucor from $290.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. BMO Capital Markets lifted their price objective on Nucor from $250.00 to $285.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. KeyCorp raised Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price objective for the company in a research report on Wednesday, June 24th. Finally, Weiss Ratings upgraded shares of Nucor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Nucor has an average rating of “Moderate Buy” and an average target price of $266.31.

Nucor Stock Up 2.0%

Nucor stock opened at $240.63 on Friday. The stock has a market cap of $54.80 billion, a PE ratio of 23.82, a P/E/G ratio of 0.54 and a beta of 1.91. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.90 and a quick ratio of 1.55. The stock’s fifty day moving average is $239.49 and its two-hundred day moving average is $203.87. Nucor Corporation has a 1-year low of $131.32 and a 1-year high of $270.90.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The business had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $8.88 billion. During the same period in the prior year, the firm posted $0.77 EPS. The business’s quarterly revenue was up 21.3% compared to the same quarter last year. On average, sell-side analysts expect that Nucor Corporation will post 17.53 EPS for the current fiscal year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Nucor’s dividend payout ratio is 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.