Integrated Advisors Network LLC Increases Stock Position in Nucor Corporation $NUE

Integrated Advisors Network LLC boosted its position in shares of Nucor Corporation (NYSE:NUE) by 254.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,488 shares of the basic materials company’s stock after purchasing an additional 12,556 shares during the period. Integrated Advisors Network LLC’s holdings in Nucor were worth $2,957,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Strive Financial Group LLC bought a new stake in shares of Nucor in the 4th quarter worth about $27,000. Stance Capital LLC acquired a new stake in shares of Nucor during the 3rd quarter worth approximately $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Nucor in the 4th quarter worth approximately $32,000. Motiv8 Investments LLC acquired a new position in Nucor during the 4th quarter valued at approximately $32,000. Finally, Reflection Asset Management bought a new position in Nucor during the 4th quarter worth $36,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NUE has been the subject of several analyst reports. Argus boosted their price target on shares of Nucor from $200.00 to $262.00 and gave the company a “buy” rating in a report on Friday, May 15th. Citigroup increased their price objective on shares of Nucor from $180.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Seaport Research Partners lifted their price objective on shares of Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Morgan Stanley boosted their target price on shares of Nucor from $227.00 to $258.00 and gave the company an “equal weight” rating in a research note on Monday, June 22nd. Finally, CICC Research began coverage on shares of Nucor in a research note on Monday, May 25th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.92.

Insider Buying and Selling at Nucor

In related news, EVP John J. Hollatz sold 10,560 shares of Nucor stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the transaction, the executive vice president directly owned 97,865 shares of the company’s stock, valued at $25,294,187.90. The trade was a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David A. Sumoski sold 33,068 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $225.67, for a total transaction of $7,462,455.56. Following the completion of the sale, the executive vice president directly owned 243,339 shares of the company’s stock, valued at $54,914,312.13. The trade was a 11.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 82,378 shares of company stock valued at $18,963,930. Corporate insiders own 0.62% of the company’s stock.

Nucor Price Performance

NYSE NUE opened at $227.53 on Wednesday. Nucor Corporation has a 12 month low of $131.32 and a 12 month high of $270.90. The firm has a market capitalization of $51.82 billion, a PE ratio of 22.53, a P/E/G ratio of 0.51 and a beta of 1.91. The company’s 50 day simple moving average is $238.32 and its 200 day simple moving average is $198.04. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.90 and a quick ratio of 1.55.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The firm had revenue of $9.50 billion during the quarter, compared to analyst estimates of $8.88 billion. During the same period last year, the company posted $0.77 EPS. The firm’s quarterly revenue was up 21.3% on a year-over-year basis. As a group, equities research analysts forecast that Nucor Corporation will post 17.68 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.24 annualized dividend and a yield of 1.0%. Nucor’s dividend payout ratio (DPR) is currently 22.18%.

About Nucor

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.