Czech National Bank Purchases 2,495 Shares of Nucor Corporation $NUE

Czech National Bank grew its position in Nucor Corporation (NYSE:NUE) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,824 shares of the basic materials company’s stock after purchasing an additional 2,495 shares during the period. Czech National Bank’s holdings in Nucor were worth $14,440,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Stance Capital LLC purchased a new stake in Nucor in the 3rd quarter valued at about $25,000. Strive Financial Group LLC bought a new position in shares of Nucor during the 4th quarter worth approximately $27,000. Motiv8 Investments LLC purchased a new position in shares of Nucor in the 4th quarter worth approximately $32,000. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Nucor by 49.2% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock worth $32,000 after buying an additional 63 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of Nucor in the fourth quarter valued at approximately $32,000. 76.48% of the stock is owned by institutional investors.

Insider Transactions at Nucor

In related news, EVP John J. Hollatz sold 10,560 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total value of $2,729,337.60. Following the sale, the executive vice president directly owned 97,865 shares in the company, valued at approximately $25,294,187.90. The trade was a 9.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas J. Batterbee sold 4,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the sale, the executive vice president directly owned 16,138 shares in the company, valued at approximately $4,212,340.76. This trade represents a 19.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,028 shares of company stock worth $5,355,535 over the last 90 days. 0.62% of the stock is owned by insiders.

Nucor Trading Up 0.3%

NYSE:NUE opened at $272.89 on Friday. Nucor Corporation has a 12 month low of $131.32 and a 12 month high of $280.11. The company has a current ratio of 2.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average is $245.67 and its 200 day moving average is $210.80. The stock has a market capitalization of $62.15 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 0.60 and a beta of 1.89.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.38. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The business had revenue of $10.40 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same period in the prior year, the company earned $2.60 earnings per share. Nucor’s revenue was up 23.0% compared to the same quarter last year. Sell-side analysts expect that Nucor Corporation will post 18.02 earnings per share for the current year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Nucor’s dividend payout ratio is currently 17.86%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NUE shares. BNP Paribas Exane increased their price target on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. upped their price objective on Nucor from $240.00 to $282.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Weiss Ratings upgraded Nucor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Morgan Stanley set a $270.00 target price on Nucor in a research report on Wednesday, July 29th. Finally, CICC Research started coverage on shares of Nucor in a report on Monday, May 25th. They issued an “outperform” rating on the stock. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $273.31.

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.