Nucor Corporation $NUE Shares Acquired by Keybank National Association OH

Keybank National Association OH increased its holdings in shares of Nucor Corporation (NYSE:NUE) by 29.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 16,917 shares of the basic materials company’s stock after acquiring an additional 3,815 shares during the quarter. Keybank National Association OH’s holdings in Nucor were worth $2,861,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NUE. Strive Financial Group LLC acquired a new stake in Nucor during the fourth quarter worth approximately $27,000. Stance Capital LLC acquired a new position in shares of Nucor in the 3rd quarter valued at $25,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Nucor in the 4th quarter valued at $32,000. Motiv8 Investments LLC purchased a new position in shares of Nucor in the 4th quarter valued at $32,000. Finally, Reflection Asset Management acquired a new stake in Nucor during the 4th quarter worth $36,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NUE. Jefferies Financial Group upped their price objective on shares of Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Argus lifted their target price on Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Seaport Research Partners boosted their target price on Nucor from $245.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. KeyCorp raised Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 target price for the company in a research report on Wednesday, June 24th. Finally, Morgan Stanley raised their price target on Nucor from $227.00 to $258.00 and gave the stock an “equal weight” rating in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nucor currently has an average rating of “Moderate Buy” and an average target price of $266.92.

Nucor Trading Down 0.1%

Shares of Nucor stock opened at $220.61 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. The company has a market capitalization of $50.24 billion, a P/E ratio of 21.84, a PEG ratio of 0.50 and a beta of 1.91. Nucor Corporation has a 1 year low of $131.32 and a 1 year high of $270.90. The company’s fifty day moving average is $237.84 and its two-hundred day moving average is $197.13.

Nucor (NYSE:NUE) last announced its earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.41. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The business had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $8.88 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The business’s revenue was up 21.3% compared to the same quarter last year. Analysts forecast that Nucor Corporation will post 17.68 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. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.24 annualized dividend and a yield of 1.0%. Nucor’s dividend payout ratio is currently 22.18%.

Insider Activity at Nucor

In other Nucor news, EVP John J. Hollatz sold 10,560 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the completion of the sale, the executive vice president directly owned 97,865 shares of the company’s stock, valued at approximately $25,294,187.90. This trade represents a 9.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley Ford sold 2,240 shares of Nucor stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $232.13, for a total value of $519,971.20. Following the completion of the transaction, the executive vice president owned 43,649 shares in the company, valued at $10,132,242.37. This trade represents a 4.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,378 shares of company stock worth $18,963,930 in the last ninety days. Company 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.