Nucor (NYSE:NUE) EVP Allen Behr Sells 10,096 Shares of Stock

Nucor Corporation (NYSE:NUE) EVP Allen Behr sold 10,096 shares of Nucor stock in a transaction on Monday, May 4th. The shares were sold at an average price of $226.08, for a total value of $2,282,503.68. Following the sale, the executive vice president directly owned 62,871 shares of the company’s stock, valued at $14,213,875.68. This represents a 13.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Nucor Price Performance

NYSE:NUE opened at $234.30 on Thursday. 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 stock has a fifty day moving average of $183.07 and a 200 day moving average of $170.61. Nucor Corporation has a 52-week low of $106.21 and a 52-week high of $235.44. The firm has a market capitalization of $53.34 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 0.67 and a beta of 1.87.

Nucor (NYSE:NUE) last issued its quarterly 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 return on equity of 10.68% and a net margin of 6.82%.The firm had revenue of $9.50 billion during the quarter, compared to analyst estimates of $8.88 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue was up 21.3% compared to the same quarter last year. On average, research analysts expect that Nucor Corporation will post 13.64 EPS for the current fiscal year.

Nucor announced that its Board of Directors has initiated a stock buyback program on Friday, February 20th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the basic materials company to reacquire up to 9.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Nucor Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.24 annualized dividend and a yield of 1.0%. Nucor’s payout ratio is 22.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NUE. Stance Capital LLC purchased a new position in Nucor during the 3rd quarter valued at about $25,000. Strive Financial Group LLC purchased a new position in Nucor during the 4th quarter valued at about $27,000. Motiv8 Investments LLC purchased a new position in Nucor during the 4th quarter valued at about $32,000. Bartlett & CO. Wealth Management LLC grew its holdings in shares of Nucor by 49.2% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 63 shares during the period. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of Nucor during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Trending Headlines about Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Analyst upgrades and higher targets lift sentiment — several firms have raised price targets (BNP Paribas Exane raised to $248 and kept an “outperform”), supporting upside expectations for the stock. BNP Paribas raises price target
• Positive Sentiment: Quarterly beat and revenue strength — Nucor reported better?than?expected Q1 EPS ($3.23 vs. $2.82 est.) and ~21% YoY revenue growth, which underpins the analyst upgrades and improves near?term earnings visibility.
• Positive Sentiment: Share repurchase and dividend support capital returns — the board authorized a $4.0B buyback (?9.7% of shares) and the company pays a growing quarterly dividend, both shareholder?friendly moves that can sustain buy?side interest.
• Neutral Sentiment: Solid balance sheet and institutional ownership — modest leverage (D/E ~0.30), healthy liquidity ratios and ~76% institutional ownership reduce downside from headline noise but can limit volatile flows.
• Negative Sentiment: Large insider sales — EVP David Sumoski sold 33,068 shares (~$7.46M) on Apr 30. Form 4 — Sumoski
• Negative Sentiment: Additional insider trimming — EVP Daniel R. Needham sold 12,888 shares on May 1. Form 4 — Needham
• Negative Sentiment: More insider sales — EVP Noah C. Hanners sold 6,472 shares on May 1. Form 4 — Hanners
• Negative Sentiment: Other recent executive sales — Allen C. Behr (10,096 shares) and Michael D. Keller (4,554 shares) also sold shares in early May, further increasing headline selling. Form 4 — Behr Form 4 — Keller

Wall Street Analyst Weigh In

NUE has been the subject of several research analyst reports. Bank of America lifted their price target on Nucor from $190.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. BMO Capital Markets lifted their price objective on Nucor from $196.00 to $235.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. BNP Paribas Exane lifted their price objective on Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a report on Monday. Morgan Stanley lifted their price objective on Nucor from $180.00 to $227.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Finally, Citigroup lifted their price objective on Nucor from $180.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $243.80.

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.