First Nebraska Trust Co Invests $13.79 Million in Nucor Corporation $NUE

First Nebraska Trust Co bought a new position in Nucor Corporation (NYSE:NUEFree Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 81,546 shares of the basic materials company’s stock, valued at approximately $13,789,000. Nucor makes up 1.3% of First Nebraska Trust Co’s portfolio, making the stock its 18th largest holding.

A number of other institutional investors have also added to or reduced their stakes in NUE. Stance Capital LLC purchased a new stake in Nucor during the third quarter valued at about $25,000. Strive Financial Group LLC bought a new stake in Nucor during the fourth quarter worth about $27,000. Motiv8 Investments LLC purchased a new position in shares of Nucor in the 4th quarter worth about $32,000. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Nucor by 49.2% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 63 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of Nucor during the 4th quarter valued at about $32,000. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Up 0.1%

Shares of NYSE:NUE opened at $257.19 on Friday. The stock has a market capitalization of $58.57 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 0.58 and a beta of 1.91. The stock’s 50-day moving average price is $242.94 and its 200-day moving average price is $207.32. The company has a current ratio of 2.51, a quick ratio of 1.55 and a debt-to-equity ratio of 0.27. Nucor Corporation has a 12-month low of $131.32 and a 12-month high of $270.90.

Nucor (NYSE:NUEGet Free Report) last released 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 during the quarter, compared to analyst estimates of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.Nucor’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.60 EPS. On average, equities analysts anticipate that Nucor Corporation will post 17.84 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Nucor’s dividend payout ratio is 17.86%.

Trending Headlines about Nucor

Here are the key news stories impacting Nucor this week:

Wall Street Analyst Weigh In

NUE has been the topic of a number of research reports. BNP Paribas Exane raised their price objective on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a report on Monday, May 4th. JPMorgan Chase & Co. upped their target price on Nucor from $240.00 to $282.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Jefferies Financial Group increased their price target on shares of Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Seaport Research Partners lifted their price target on shares of Nucor from $245.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Finally, Bank of America lowered their price objective on shares of Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Nucor currently has an average rating of “Moderate Buy” and an average price target of $273.31.

Get Our Latest Report on NUE

Insider Transactions at Nucor

In other Nucor news, EVP Randy J. Spicer sold 2,500 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $225.00, for a total transaction of $562,500.00. Following the completion of the sale, the executive vice president owned 20,510 shares of the company’s stock, valued at $4,614,750. This represents a 10.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Allen C. Behr sold 10,096 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the sale, the executive vice president directly owned 62,871 shares of the company’s stock, valued at $14,213,875.68. The trade was a 13.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 29,950 shares of company stock valued at $7,122,879. 0.62% of the stock is currently owned by insiders.

Nucor Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Nucor (NYSE:NUE)

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