Nucor Corporation $NUE Shares Purchased by Compound Planning Inc.

Compound Planning Inc. boosted its position in Nucor Corporation (NYSE:NUE) by 18.4% in the 1st quarter, Holdings Channel reports. The firm owned 5,067 shares of the basic materials company’s stock after acquiring an additional 789 shares during the quarter. Compound Planning Inc.’s holdings in Nucor were worth $610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NUE. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Nucor during the fourth quarter worth $25,000. Putney Financial Group LLC acquired a new position in Nucor during the fourth quarter worth about $29,000. MV Capital Management Inc. grew its stake in Nucor by 73.5% during the 1st quarter. MV Capital Management Inc. now owns 281 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 119 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in Nucor during the 4th quarter valued at about $41,000. Finally, Park Square Financial Group LLC acquired a new stake in Nucor in the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Insider Transactions at Nucor

In related news, EVP Daniel R. Needham sold 7,200 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the completion of the transaction, the executive vice president owned 92,179 shares of the company’s stock, valued at approximately $13,458,134. This trade represents a 7.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Allen C. Behr sold 8,021 shares of Nucor stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $143.38, for a total transaction of $1,150,050.98. Following the completion of the sale, the executive vice president owned 82,703 shares of the company’s stock, valued at $11,857,956.14. This trade represents a 8.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,309 shares of company stock worth $5,860,294. 0.71% of the stock is currently owned by insiders.

Nucor Stock Performance

NYSE NUE opened at $147.7660 on Monday. The stock has a market cap of $33.92 billion, a PE ratio of 26.67, a P/E/G ratio of 0.94 and a beta of 1.74. The company has a current ratio of 2.83, a quick ratio of 1.51 and a debt-to-equity ratio of 0.31. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $170.52. The stock has a fifty day simple moving average of $138.18 and a 200-day simple moving average of $127.38.

Nucor (NYSE:NUE) last issued its quarterly earnings data on Monday, July 28th. The basic materials company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.06. Nucor had a net margin of 4.21% and a return on equity of 6.65%. The firm had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same period in the previous year, the firm earned $2.68 EPS. Nucor’s revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Monday, June 30th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, June 30th. Nucor’s dividend payout ratio is currently 39.71%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Nucor from $143.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. UBS Group reduced their price objective on Nucor from $153.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. Jefferies Financial Group upgraded Nucor from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $170.00 in a report on Thursday, July 31st. Wells Fargo & Company raised Nucor to a “hold” rating in a research note on Thursday, August 14th. Finally, BMO Capital Markets upgraded Nucor from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $140.00 to $145.00 in a report on Monday, June 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Nucor currently has an average rating of “Buy” and a consensus price target of $155.78.

About Nucor

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.