11,014 Shares in Nucor Corporation $NUE Acquired by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in shares of Nucor Corporation (NYSE:NUE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,014 shares of the basic materials company’s stock, valued at approximately $2,453,000.

Other institutional investors have also made changes to their positions in the company. RKL Wealth Management LLC increased its stake in Nucor by 0.9% during the 1st quarter. RKL Wealth Management LLC now owns 5,318 shares of the basic materials company’s stock worth $899,000 after buying an additional 48 shares during the period. Focus Financial Network Inc. boosted its position in Nucor by 3.6% in the 2nd quarter. Focus Financial Network Inc. now owns 1,417 shares of the basic materials company’s stock valued at $316,000 after buying an additional 49 shares during the last quarter. Empirical Asset Management LLC boosted its position in Nucor by 2.6% in the 4th quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company’s stock valued at $347,000 after buying an additional 54 shares during the last quarter. Krilogy Financial LLC grew its stake in shares of Nucor by 4.1% during the fourth quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company’s stock valued at $272,000 after acquiring an additional 61 shares in the last quarter. Finally, Moody National Bank Trust Division increased its position in shares of Nucor by 4.6% during the second quarter. Moody National Bank Trust Division now owns 1,396 shares of the basic materials company’s stock worth $311,000 after acquiring an additional 62 shares during the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP John J. Hollatz sold 10,560 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president owned 97,865 shares in the company, valued at $25,294,187.90. This represents a 9.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Thomas J. Batterbee sold 4,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 16,138 shares of the company’s stock, valued at $4,212,340.76. This trade represents a 19.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,528 shares of company stock valued at $4,793,035 over the last 90 days. 0.62% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on NUE shares. KeyCorp upgraded Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price target on the stock in a research note on Wednesday, June 24th. Zacks Research downgraded Nucor from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Jefferies Financial Group upped their target price on Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. CICC Research assumed coverage on Nucor in a research note on Monday, May 25th. They set an “outperform” rating for the company. Finally, BNP Paribas Exane raised their price target on shares of Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.31.

Nucor Price Performance

Shares of NYSE:NUE opened at $243.89 on Friday. The company has a market cap of $55.33 billion, a PE ratio of 19.45, a P/E/G ratio of 0.89 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. The firm has a 50-day simple moving average of $246.88 and a 200 day simple moving average of $216.80. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.38. The firm had revenue of $10.40 billion during 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%.The firm’s revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.60 EPS. On average, sell-side analysts anticipate that Nucor Corporation will post 17.95 EPS for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th were issued a $0.56 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.24 annualized dividend and a yield of 0.9%. Nucor’s dividend payout ratio is presently 17.86%.

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.