Callan Family Office LLC purchased a new stake in shares of Nucor Corporation (NYSE:NUE – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 5,534 shares of the basic materials company’s stock, valued at approximately $1,233,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Stance Capital LLC bought a new position in Nucor during the third quarter valued at about $25,000. Strive Financial Group LLC bought a new position in shares of Nucor in the fourth quarter valued at $27,000. Bell Investment Advisors Inc acquired a new stake in shares of Nucor in the second quarter valued at approximately $28,000. Motiv8 Investments LLC acquired a new stake in Nucor during the fourth quarter worth approximately $32,000. Finally, Bartlett & CO. Wealth Management LLC increased its position in 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 period. Institutional investors and hedge funds own 76.48% of the company’s stock.
Insider Activity at Nucor
In other Nucor news, EVP Thomas J. Batterbee sold 4,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $261.02, for a total value of $1,044,080.00. Following the completion of the sale, the executive vice president directly owned 16,138 shares of the company’s stock, valued at $4,212,340.76. The trade was a 19.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John J. Hollatz sold 10,560 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total value of $2,729,337.60. Following the transaction, the executive vice president owned 97,865 shares in the company, valued at approximately $25,294,187.90. This represents a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,528 shares of company stock worth $4,793,035 in the last 90 days. 0.62% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on NUE
Nucor Trading Up 0.1%
Shares of NYSE:NUE opened at $243.89 on Monday. The company has a market cap of $55.33 billion, a P/E ratio of 19.45, a PEG ratio of 0.90 and a beta of 1.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. The stock’s fifty day moving average price is $246.88 and its 200-day moving average price is $217.05. Nucor Corporation has a 1 year low of $131.32 and a 1 year high of $280.11.
Nucor (NYSE:NUE – Get Free Report) last posted its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.38. The company had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.Nucor’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.60 earnings per share. Sell-side analysts expect that Nucor Corporation will post 17.95 earnings per share for the current year.
Nucor Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, June 30th were paid a $0.56 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.24 dividend on an annualized basis and a yield of 0.9%. Nucor’s dividend payout ratio (DPR) 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.
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