Jeppson Wealth Management LLC Purchases 355 Shares of Nucor Corporation $NUE

Jeppson Wealth Management LLC increased its position in Nucor Corporation (NYSE:NUE) by 13.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,004 shares of the basic materials company’s stock after acquiring an additional 355 shares during the period. Jeppson Wealth Management LLC’s holdings in Nucor were worth $389,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Nucor by 2.6% during the 1st 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. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 worth $277,920,000 after buying an additional 355,364 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Nucor by 5.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,772,831 shares of the basic materials company’s stock valued at $213,342,000 after buying an additional 92,363 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in Nucor during the first quarter valued at approximately $194,804,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Nucor by 16.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,610,933 shares of the basic materials company’s stock worth $193,863,000 after acquiring an additional 226,343 shares during the period. Institutional investors own 76.48% of the company’s stock.

Insider Activity at Nucor

In related news, EVP Allen C. Behr sold 8,021 shares of the company’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $143.38, for a total transaction of $1,150,050.98. Following the completion of the transaction, the executive vice president owned 82,703 shares in the company, valued at approximately $11,857,956.14. This represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael D. Keller sold 6,088 shares of Nucor stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $148.41, for a total transaction of $903,520.08. Following the completion of the sale, the insider owned 22,464 shares in the company, valued at approximately $3,333,882.24. This represents a 21.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,309 shares of company stock worth $4,553,771 in the last three months. Insiders own 0.46% of the company’s stock.

Nucor Price Performance

Shares of Nucor stock opened at $136.16 on Thursday. The company has a market capitalization of $31.25 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 0.93 and a beta of 1.76. The company has a quick ratio of 1.51, a current ratio of 2.83 and a debt-to-equity ratio of 0.31. The stock’s 50-day simple moving average is $142.71 and its 200-day simple moving average is $128.68. Nucor Corporation has a 52 week low of $97.59 and a 52 week high of $170.52.

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

Nucor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 10th. Stockholders of record on Tuesday, September 30th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Nucor’s payout ratio is 39.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NUE shares. BMO Capital Markets raised shares of Nucor from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $140.00 to $145.00 in a research report on Monday, June 2nd. Wells Fargo & Company cut their price target on Nucor from $146.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday, September 18th. JPMorgan Chase & Co. raised their price objective on Nucor from $143.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Jefferies Financial Group raised Nucor from a “hold” rating to a “buy” rating and lifted their price objective for the company from $135.00 to $170.00 in a research report on Thursday, July 31st. Finally, Morgan Stanley increased their target price on shares of Nucor from $134.00 to $149.00 and gave the stock an “overweight” rating in a report on Friday, June 20th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.20.

Nucor Company Profile

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.