1,853 Shares in Nucor Co. (NYSE:NUE) Bought by Calton & Associates Inc.

Posted by Defense World Staff on Mar 27th, 2023

Calton & Associates Inc. bought a new position in Nucor Co. (NYSE:NUE – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,853 shares of the basic materials company’s stock, valued at approximately $244,000.

Several other institutional investors have also recently bought and sold shares of NUE. Guardian Wealth Advisors LLC bought a new position in Nucor in the 3rd quarter worth $31,000. MinichMacGregor Wealth Management LLC acquired a new stake in Nucor in the 4th quarter worth $32,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Nucor in the 1st quarter worth $32,000. Coston McIsaac & Partners acquired a new stake in Nucor in the 3rd quarter worth $34,000. Finally, Cowa LLC acquired a new stake in Nucor in the 3rd quarter worth $37,000. Institutional investors own 78.33% of the company’s stock.

Nucor Price Performance

NYSE:NUE opened at $148.65 on Monday. The firm has a market cap of $37.45 billion, a PE ratio of 5.17 and a beta of 1.59. Nucor Co. has a 12 month low of $100.13 and a 12 month high of $187.90. The company has a quick ratio of 2.13, a current ratio of 3.39 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $162.53 and its two-hundred day moving average price is $143.78.

Nucor (NYSE:NUE – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The basic materials company reported $4.89 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.71. The firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.54 billion. Nucor had a net margin of 18.33% and a return on equity of 42.03%. The company’s revenue for the quarter was down 15.8% compared to the same quarter last year. During the same period in the previous year, the business earned $7.97 earnings per share. On average, equities analysts anticipate that Nucor Co. will post 14.35 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 11th. Shareholders of record on Friday, March 31st will be given a $0.51 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $2.04 dividend on an annualized basis and a yield of 1.37%. Nucor’s dividend payout ratio (DPR) is presently 7.10%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Nucor from $155.00 to $165.00 and gave the stock a “market perform” rating in a research report on Friday, January 27th. Bank of America started coverage on shares of Nucor in a research report on Wednesday, January 4th. They issued a “buy” rating and a $172.00 price target on the stock. The Goldman Sachs Group lifted their target price on shares of Nucor from $144.00 to $161.00 and gave the company a “neutral” rating in a research report on Friday, March 10th. UBS Group lifted their target price on shares of Nucor from $120.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, December 6th. Finally, Morgan Stanley lifted their target price on shares of Nucor from $113.00 to $122.00 and gave the company an “equal weight” rating in a research report on Monday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Nucor presently has an average rating of “Hold” and a consensus price target of $153.44.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 1,962 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $177.99, for a total value of $349,216.38. Following the completion of the transaction, the executive vice president now directly owns 74,138 shares of the company’s stock, valued at $13,195,822.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Nucor news, EVP Daniel R. Needham sold 5,000 shares of the business’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $168.36, for a total value of $841,800.00. Following the completion of the transaction, the executive vice president now directly owns 61,137 shares of the company’s stock, valued at $10,293,025.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kenneth Rex Query sold 1,962 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $177.99, for a total transaction of $349,216.38. Following the completion of the transaction, the executive vice president now directly owns 74,138 shares of the company’s stock, valued at $13,195,822.62. The disclosure for this sale can be found here. Insiders have sold a total of 9,575 shares of company stock worth $1,630,000 over the last ninety days. Corporate insiders own 0.46% of the company’s stock.

About Nucor

(Get Rating)

Nucor Corp. engages in the manufacturing of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment consists of carbon and alloy steel in sheet, bars, structural and plate, steel trading businesses, rebar distribution businesses, and Nucor’s equity method investments.

Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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