First Nebraska Trust Co Buys 79,166 Shares of Nucor Corporation $NUE

First Nebraska Trust Co bought a new stake in Nucor Corporation (NYSE:NUE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 79,166 shares of the basic materials company’s stock, valued at approximately $18,505,000. Nucor makes up about 1.5% of First Nebraska Trust Co’s portfolio, making the stock its 15th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Next Level Wealth Planning LLC acquired a new stake in Nucor in the third quarter valued at $28,000. Signature Equity Partners LLC increased its holdings in shares of Nucor by 34.1% in the 3rd quarter. Signature Equity Partners LLC now owns 165 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 42 shares in the last quarter. Summit Wealth Group LLC Co. acquired a new stake in shares of Nucor in the third quarter valued at about $611,000. Trek Financial LLC acquired a new stake in shares of Nucor in the third quarter valued at about $5,710,000. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Nucor by 102.5% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 9,205 shares of the basic materials company’s stock worth $2,162,000 after buying an additional 4,659 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NUE shares. Weiss Ratings upgraded shares of Nucor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 15th. Morgan Stanley set a $270.00 price target on Nucor in a research note on Wednesday, July 29th. Bank of America dropped their price objective on Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Wedbush set a $304.00 price objective on Nucor in a report on Monday. Finally, Wells Fargo & Company boosted their target price on Nucor from $280.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nucor currently has a consensus rating of “Moderate Buy” and an average price target of $286.44.

More Nucor News

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Nucor’s third-quarter revenue rose 32% year over year to $11.25 billion, topping estimates, while earnings per share of $5.80 came in just below consensus. Fourth-quarter guidance was described as steady to slightly better than recent results. Article: Nucor Could Be 5% Undervalued After Strong Earnings And Steady Guidance
• Positive Sentiment: A strong balance sheet and cash flow are supporting shareholder returns—reported at $1.36 billion—and leave room for continued investment, buybacks and dividend growth. Article: Can NUE’s Strong Balance Sheet Power Bigger Shareholder Returns Ahead?
• Neutral Sentiment: Despite the quarterly EPS miss, revenue exceeded expectations, and the results point to substantial year-over-year improvement. The mixed beat-and-miss may temper the otherwise positive earnings read-through.
• Negative Sentiment: Two executives recently disclosed stock sales: EVP Allen Behr sold 11,846 shares, reducing his holdings by 16.95%, and Michael Keller sold 1,136 shares, trimming his position by 6.79%. Insider sales can be planned or personal, but may add near-term caution among investors. SEC filing for Allen Behr sale SEC filing for Michael Keller sale

Insider Transactions at Nucor

In related news, EVP Noah C. Hanners sold 5,190 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $275.03, for a total value of $1,427,405.70. Following the completion of the transaction, the executive vice president directly owned 44,073 shares in the company, valued at approximately $12,121,397.19. This represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael D. Keller sold 1,136 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $279.33, for a total value of $317,318.88. Following the transaction, the insider owned 15,588 shares in the company, valued at $4,354,196.04. This trade represents a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,172 shares of company stock worth $4,977,498 over the last quarter. 0.62% of the stock is currently owned by insiders.

Nucor Price Performance

NYSE:NUE opened at $273.38 on Wednesday. Nucor Corporation has a 12-month low of $140.93 and a 12-month high of $287.70. The firm has a market cap of $62.03 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 0.68 and a beta of 1.81. The company’s 50-day moving average is $255.05 and its two-hundred day moving average is $224.47. The company has a current ratio of 2.46, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, October 26th. The basic materials company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $5.84 by ($0.04). The firm had revenue of $11.25 billion for the quarter, compared to analysts’ expectations of $10.84 billion. Nucor had a return on equity of 15.53% and a net margin of 9.26%. The business’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.63 earnings per share. Research analysts expect that Nucor Corporation will post 19.61 EPS for the current year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th will be paid 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 Wednesday, September 30th. Nucor’s dividend payout ratio is currently 14.26%.

Nucor Company Profile

Nucor Corporation is a steel producer headquartered in Charlotte, North Carolina. Through its operating subsidiaries, the company manufactures steel and steel products for customers in construction, automotive, energy, heavy equipment, transportation and other industrial markets.

Nucor’s operations include electric arc furnace steel mills, which produce carbon, alloy and galvanized steel products. Its product portfolio includes sheet steel, plate, beams, bars, wire and wire mesh, steel joists, deck, piling, fabricated concrete reinforcing steel and other downstream products.