Woodard & Co. Asset Management Group Inc. ADV Buys 2,236 Shares of Nucor Corporation $NUE

Woodard & Co. Asset Management Group Inc. ADV raised its stake in shares of Nucor Corporation (NYSE:NUE) by 12.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,872 shares of the basic materials company’s stock after purchasing an additional 2,236 shares during the period. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Nucor were worth $3,241,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Fox Run Management L.L.C. purchased a new position in shares of Nucor during the 3rd quarter valued at approximately $1,528,000. Penserra Capital Management LLC increased its holdings in shares of Nucor by 15,814.3% during the 3rd quarter. Penserra Capital Management LLC now owns 3,342 shares of the basic materials company’s stock valued at $452,000 after purchasing an additional 3,321 shares in the last quarter. Allstate Corp purchased a new position in shares of Nucor during the 3rd quarter valued at approximately $1,085,000. Peterson Wealth Services increased its holdings in shares of Nucor by 587,032.0% during the 3rd quarter. Peterson Wealth Services now owns 146,783 shares of the basic materials company’s stock valued at $19,879,000 after purchasing an additional 146,758 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Nucor by 11.1% in the 4th quarter. Nordea Investment Management AB now owns 2,103,000 shares of the basic materials company’s stock valued at $342,642,000 after acquiring an additional 210,577 shares during the period. Institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

Nucor stock opened at $225.93 on Friday. The company’s fifty day moving average price is $180.91 and its 200 day moving average price is $169.01. Nucor Corporation has a 1 year low of $106.21 and a 1 year high of $227.96. The stock has a market capitalization of $51.43 billion, a P/E ratio of 22.37, a P/E/G ratio of 0.76 and a beta of 1.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.57 and a current ratio of 2.90.

Nucor (NYSE:NUE) last announced its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.41. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The company had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $8.88 billion. During the same quarter in the previous 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 anticipate that Nucor Corporation will post 13.64 earnings per share for the current fiscal year.

Nucor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Nucor’s payout ratio is 22.18%.

Nucor declared that its Board of Directors has authorized a stock repurchase plan on Friday, February 20th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the basic materials company to buy up to 9.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NUE shares. UBS Group cut shares of Nucor from a “buy” rating to a “neutral” rating and lifted their price target for the company from $190.00 to $224.00 in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Nucor from $212.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley lifted their price target on shares of Nucor from $180.00 to $227.00 and gave the company an “equal weight” rating in a research note on Wednesday. Wall Street Zen raised shares of Nucor from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Seaport Research Partners reissued a “buy” rating and issued a $245.00 price target on shares of Nucor in a research note on Thursday. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $240.00.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Allen C. Behr sold 7,568 shares of Nucor stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $188.50, for a total transaction of $1,426,568.00. Following the sale, the executive vice president owned 67,711 shares of the company’s stock, valued at $12,763,523.50. The trade was a 10.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kenneth Rex Query sold 7,452 shares of Nucor stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $196.02, for a total transaction of $1,460,741.04. Following the sale, the executive vice president directly owned 76,628 shares in the company, valued at approximately $15,020,620.56. This trade represents a 8.86% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 22,520 shares of company stock worth $4,245,334. 0.62% of the stock is currently owned by corporate insiders.

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.