UNIVEST FINANCIAL Corp Buys Shares of 2,043 Nucor Corporation $NUE

UNIVEST FINANCIAL Corp acquired a new position in shares of Nucor Corporation (NYSE:NUE) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,043 shares of the basic materials company’s stock, valued at approximately $455,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bell Investment Advisors Inc acquired a new position in Nucor in the second quarter valued at about $28,000. Strive Financial Group LLC acquired a new stake in shares of Nucor during the fourth quarter valued at about $27,000. Stance Capital LLC purchased a new stake in shares of Nucor in the 3rd quarter valued at approximately $25,000. Bartlett & CO. Wealth Management LLC lifted 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 acquiring an additional 63 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of Nucor during the 4th quarter worth approximately $32,000. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Nucor in a research note on Tuesday, August 11th. Seaport Research Partners boosted their price objective on Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. BMO Capital Markets increased their target price on Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Zacks Research cut Nucor from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Morgan Stanley set a $270.00 target price on Nucor in a research report on Wednesday, July 29th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Nucor has a consensus rating of “Moderate Buy” and a consensus target price of $273.31.

Nucor Price Performance

NUE stock opened at $272.73 on Tuesday. The business has a 50 day moving average price of $247.54 and a 200 day moving average price of $215.03. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The stock has a market cap of $61.88 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 0.60 and a beta of 1.89. Nucor Corporation has a fifty-two week low of $131.32 and a fifty-two week high of $280.11.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 EPS for the quarter, beating the consensus estimate of $4.46 by $0.38. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The company had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the prior year, the firm posted $2.60 earnings per share. The firm’s revenue was up 23.0% on a year-over-year basis. Equities research analysts anticipate that Nucor Corporation will post 17.95 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, June 30th. Nucor’s dividend payout ratio (DPR) is currently 17.86%.

Insider Activity at Nucor

In other Nucor news, COO Stephen D. Laxton sold 3,968 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the transaction, the chief operating officer owned 77,867 shares of the company’s stock, valued at approximately $20,008,704.32. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas J. Batterbee sold 4,000 shares of Nucor stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $261.02, for a total value of $1,044,080.00. Following the sale, the executive vice president owned 16,138 shares in the company, valued at $4,212,340.76. This trade represents a 19.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,528 shares of company stock valued at $4,793,035 over the last ninety days. Insiders own 0.62% of the company’s stock.

Nucor 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.