Foundations Investment Advisors LLC Acquires New Position in Nucor Corporation $NUE

Foundations Investment Advisors LLC acquired a new position in shares of Nucor Corporation (NYSE:NUE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,000 shares of the basic materials company’s stock, valued at approximately $542,000.

Other hedge funds have also modified their holdings of the company. Strategic Advisors LLC boosted its position in Nucor by 12.2% during the third quarter. Strategic Advisors LLC now owns 5,049 shares of the basic materials company’s stock valued at $684,000 after purchasing an additional 550 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Nucor by 8.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,274 shares of the basic materials company’s stock valued at $5,048,000 after buying an additional 2,888 shares in the last quarter. Rockline Wealth Management LLC lifted its position in Nucor by 1.0% during the third quarter. Rockline Wealth Management LLC now owns 23,331 shares of the basic materials company’s stock worth $3,160,000 after purchasing an additional 229 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of Nucor by 23.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 8,069 shares of the basic materials company’s stock worth $1,093,000 after buying an additional 1,530 shares during the last quarter. Finally, Truist Financial Corp grew its stake in shares of Nucor by 1.0% during the third quarter. Truist Financial Corp now owns 156,234 shares of the basic materials company’s stock worth $21,159,000 after buying an additional 1,612 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on NUE shares. Citigroup upped their target price on Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 30th. BMO Capital Markets reiterated an “outperform” rating on shares of Nucor in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nucor in a research note on Monday, December 29th. BNP Paribas Exane upped their price objective on shares of Nucor from $165.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Finally, The Goldman Sachs Group lifted their target price on shares of Nucor from $182.00 to $196.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.36.

Insider Activity

In other Nucor news, EVP Allen C. Behr sold 5,950 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $157.89, for a total transaction of $939,445.50. Following the transaction, the executive vice president owned 67,711 shares in the company, valued at $10,690,889.79. The trade was a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas J. Batterbee sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.28, for a total value of $330,560.00. Following the transaction, the executive vice president directly owned 17,952 shares in the company, valued at approximately $2,967,106.56. This represents a 10.02% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 14,950 shares of company stock valued at $2,319,166. 0.71% of the stock is currently owned by insiders.

Nucor Trading Up 1.9%

Shares of NYSE:NUE opened at $181.03 on Tuesday. Nucor Corporation has a 1 year low of $97.59 and a 1 year high of $183.32. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.94 and a quick ratio of 1.57. The stock’s fifty day moving average price is $166.99 and its 200-day moving average price is $151.07. The company has a market cap of $41.43 billion, a P/E ratio of 24.01, a PEG ratio of 0.97 and a beta of 1.86.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, January 26th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.18). Nucor had a return on equity of 8.26% and a net margin of 5.37%.The business had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.93 billion. During the same period in the previous year, the business posted $1.22 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, December 31st will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Nucor’s previous quarterly dividend of $0.55. Nucor’s payout ratio is 29.71%.

Nucor Company 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.