Nucor Corporation $NUE Stake Boosted by Integrity Alliance LLC.

Integrity Alliance LLC. raised its holdings in Nucor Corporation (NYSE:NUE) by 144.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,329 shares of the basic materials company’s stock after acquiring an additional 4,328 shares during the period. Integrity Alliance LLC.’s holdings in Nucor were worth $1,713,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Transamerica Financial Advisors LLC bought a new position in shares of Nucor in the second quarter worth approximately $25,000. GK Wealth Management LLC purchased a new stake in Nucor in the third quarter valued at approximately $28,000. Next Level Wealth Planning LLC purchased a new stake in Nucor in the third quarter valued at approximately $28,000. Manning & Napier Advisors LLC bought a new stake in Nucor during the second quarter valued at approximately $27,000. Finally, Bell Investment Advisors Inc bought a new stake in Nucor during the second quarter valued at approximately $28,000. 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: KeyCorp raised its price target to $301 from $286 and maintained an Overweight rating. CFRA also upgraded Nucor from Strong Sell to Hold, a less pessimistic view. Analyst ratings
• Positive Sentiment: Recent quarterly results showed revenue up 32% year over year and ahead of estimates, though EPS narrowly missed consensus. Steady guidance, moderating capital spending and strong cash flow are also supporting shareholder returns, including buybacks and dividends. Nucor: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Nucor has shown strong relative strength over the past month, but the latest pullback followed a substantial recent share-price advance and a move near its 52-week high. Stocks Showing Impressive Relative Strength
• Negative Sentiment: Several insiders have recently sold shares. COO Stephen Laxton sold 10,560 shares, reducing his position by 11.94%; EVP Allen Behr and insider Michael Keller also disclosed sales. Such transactions can add caution, although they do not necessarily signal a change in the company’s outlook. SEC filing for Stephen Laxton sale
• Negative Sentiment: Nucor fell sharply in the latest session, with the decline reported to have erased about $3 billion in market value. The available report describes the selloff but does not identify a specific catalyst. Nucor Drops 5.4% in a Single Session

Nucor Price Performance

NUE stock opened at $267.85 on Thursday. The stock has a market capitalization of $60.77 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 0.67 and a beta of 1.81. The firm’s 50-day moving average price is $255.45 and its two-hundred day moving average price is $224.94. 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 Corporation has a 12-month low of $140.93 and a 12-month high of $287.70.

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

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Wednesday, September 30th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Nucor’s dividend payout ratio (DPR) is 14.26%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NUE. Cfra raised shares of Nucor from a “strong sell” rating to a “hold” rating in a report on Wednesday. Barclays raised their price objective on shares of Nucor from $306.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. KeyCorp lifted their price objective on shares of Nucor from $286.00 to $301.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Nucor from $296.00 to $304.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Finally, Citigroup reissued a “buy” rating on shares of Nucor in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $287.38.

Insider Buying and Selling

In other news, EVP Noah C. Hanners sold 5,190 shares of the business’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 owned 44,073 shares in the company, valued at $12,121,397.19. The trade was a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael D. Keller sold 1,136 shares of the business’s 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 completion of the transaction, the insider directly owned 15,588 shares of the company’s stock, valued at approximately $4,354,196.04. This trade represents a 6.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 28,732 shares of company stock worth $7,881,287 over the last three months. 0.62% of the stock is owned by corporate insiders.

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.