Butensky & Cohen Financial Security Inc. Has $6.28 Million Stock Holdings in Nucor Corporation $NUE

Butensky & Cohen Financial Security Inc. trimmed its position in Nucor Corporation (NYSE:NUE) by 6.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 28,206 shares of the basic materials company’s stock after selling 2,077 shares during the period. Nucor comprises approximately 1.6% of Butensky & Cohen Financial Security Inc.’s holdings, making the stock its 20th largest holding. Butensky & Cohen Financial Security Inc.’s holdings in Nucor were worth $6,283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Strive Financial Group LLC acquired a new position in shares of Nucor during the fourth quarter valued at $27,000. Stance Capital LLC acquired a new stake in Nucor in the third quarter worth about $25,000. Bartlett & CO. Wealth Management LLC increased its position in Nucor by 49.2% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 63 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in Nucor during the 4th quarter worth about $32,000. Finally, Motiv8 Investments LLC bought a new stake in Nucor during the 4th quarter worth about $32,000. 76.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Nucor news, EVP Randy J. Spicer sold 2,500 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $225.00, for a total value of $562,500.00. Following the completion of the sale, the executive vice president directly owned 20,510 shares in the company, valued at $4,614,750. This represents a 10.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $1,019,617.28. Following the sale, the chief operating officer directly owned 77,867 shares in the company, valued at approximately $20,008,704.32. This represents a 4.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 21,028 shares of company stock valued at $5,355,535. Insiders own 0.62% of the company’s stock.

Nucor Stock Performance

Shares of NUE stock opened at $272.31 on Wednesday. The stock has a market cap of $62.02 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 0.61 and a beta of 1.89. The stock has a 50-day moving average of $246.40 and a 200-day moving average of $212.41. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. Nucor Corporation has a one year low of $131.32 and a one year high of $280.11.

Nucor (NYSE:NUE) last issued its 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. The firm had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The business’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.60 earnings per share. As a group, sell-side analysts expect that Nucor Corporation will post 18.02 earnings per share for the current year.

Nucor Announces Dividend

The firm also recently disclosed 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 of this dividend was Tuesday, June 30th. Nucor’s dividend payout ratio (DPR) is presently 17.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NUE shares. Argus raised their target price on shares of Nucor from $200.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, May 15th. KeyCorp upgraded shares of Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price objective on the stock in a report on Wednesday, June 24th. BNP Paribas Exane lifted their target price on shares of Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Wells Fargo & Company upped their target price on shares of Nucor from $283.00 to $297.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group increased their price target on Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Nucor has an average rating of “Moderate Buy” and a consensus target price of $273.31.

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.