First Nebraska Trust Co Acquires Shares of 81,156 Nucor Corporation $NUE

First Nebraska Trust Co acquired a new stake in Nucor Corporation (NYSE:NUE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 81,156 shares of the basic materials company’s stock, valued at approximately $18,077,000. Nucor comprises about 1.5% of First Nebraska Trust Co’s holdings, making the stock its 15th largest position.

Other institutional investors have also made changes to their positions in the company. Stance Capital LLC acquired a new stake in Nucor during the 3rd quarter valued at $25,000. Strive Financial Group LLC bought a new position in shares of Nucor in the fourth quarter valued at about $27,000. Bell Investment Advisors Inc bought a new position in shares of Nucor in the second quarter valued at about $28,000. Motiv8 Investments LLC acquired a new stake in shares of Nucor during the 4th quarter worth about $32,000. Finally, Bartlett & CO. Wealth Management LLC lifted its stake in shares of Nucor by 49.2% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock worth $32,000 after buying an additional 63 shares during the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Nucor in a research note on Tuesday, August 11th. Barclays boosted their price objective on Nucor from $272.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on Nucor from $240.00 to $282.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. The Goldman Sachs Group increased their target price on Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, BNP Paribas Exane lifted their price target on Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $273.31.

Insider Activity

In related news, EVP Thomas J. Batterbee sold 4,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the sale, the executive vice president owned 16,138 shares of the company’s stock, valued at $4,212,340.76. This represents a 19.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Stephen D. Laxton sold 3,968 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $256.96, for a total value of $1,019,617.28. Following the transaction, the chief operating officer owned 77,867 shares in the company, valued at approximately $20,008,704.32. This trade represents a 4.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 18,528 shares of company stock worth $4,793,035. Corporate insiders own 0.62% of the company’s stock.

Nucor Price Performance

NYSE:NUE opened at $243.89 on Friday. Nucor Corporation has a 52 week low of $131.32 and a 52 week high of $280.11. The firm has a market cap of $55.33 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 0.90 and a beta of 1.89. The firm’s 50-day simple moving average is $246.88 and its 200 day simple moving average is $216.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.36 and a current ratio of 2.51.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.38. The business had revenue of $10.40 billion during the quarter, compared to analysts’ expectations of $10.15 billion. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.60 EPS. As a group, sell-side analysts predict that Nucor Corporation will post 17.95 earnings per share for the current year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 30th. Nucor’s payout ratio is presently 17.86%.

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.