Key Points
- Nucor EVP David Sumoski sold 33,068 shares on April 30 at an average price of $225.67 for about $7.46M, reducing his stake by 11.96% to 243,339 shares valued around $54.9M.
- Nucor beat quarterly estimates, reporting EPS of $3.23 versus $2.82 expected and revenue of $9.50 billion (up 21.3% year‑over‑year).
- The company announced a quarterly dividend of $0.56 (1.0% yield) and a board‑approved $4.00 billion share buyback (up to ~9.7% of shares), while analysts have lifted price targets (average target ~$240) and maintain mostly Buy ratings.
Nucor Corporation (NYSE:NUE - Get Free Report) EVP David Sumoski sold 33,068 shares of the company's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $225.67, for a total value of $7,462,455.56. Following the completion of the sale, the executive vice president directly owned 243,339 shares of the company's stock, valued at $54,914,312.13. The trade was a 11.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Nucor Price Performance
NUE stock opened at $225.86 on Tuesday. The firm has a market cap of $51.41 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 0.65 and a beta of 1.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. Nucor Corporation has a 1 year low of $106.21 and a 1 year high of $227.96. The stock has a 50-day simple moving average of $180.91 and a 200-day simple moving average of $169.22.
Nucor (NYSE:NUE - Get Free Report) last released its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.82 by $0.41. The firm had revenue of $9.50 billion for the quarter, compared to analyst estimates of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.Nucor's revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. On average, equities analysts predict that Nucor Corporation will post 13.64 earnings per share for the current fiscal year.
Nucor Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Tuesday, March 31st 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 1.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Nucor's payout ratio is presently 22.18%.
Nucor declared that its board has approved a share repurchase program on Friday, February 20th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the basic materials company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its stock is undervalued.
Institutional Investors Weigh In On Nucor
Institutional investors have recently made changes to their positions in the company. RKL Wealth Management LLC lifted its stake in Nucor by 0.9% during the first quarter. RKL Wealth Management LLC now owns 5,318 shares of the basic materials company's stock worth $899,000 after purchasing an additional 48 shares during the last quarter. Empirical Asset Management LLC increased its stake in Nucor by 2.6% during the fourth quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company's stock valued at $347,000 after purchasing an additional 54 shares during the last quarter. Krilogy Financial LLC raised its holdings in shares of Nucor by 4.1% during the fourth quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company's stock worth $272,000 after purchasing an additional 61 shares during the period. IHT Wealth Management LLC raised its holdings in shares of Nucor by 2.0% during the fourth quarter. IHT Wealth Management LLC now owns 3,306 shares of the basic materials company's stock worth $539,000 after purchasing an additional 64 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its position in shares of Nucor by 3.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,011 shares of the basic materials company's stock worth $328,000 after buying an additional 69 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Nucor from $180.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday, April 29th. Jefferies Financial Group upped their price objective on shares of Nucor from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Tuesday, April 28th. Seaport Research Partners restated a "buy" rating and set a $245.00 target price on shares of Nucor in a research note on Thursday. Morgan Stanley boosted their price target on Nucor from $180.00 to $227.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 29th. Finally, UBS Group downgraded Nucor from a "buy" rating to a "neutral" rating and increased their price target for the company from $190.00 to $224.00 in a report on Tuesday, April 28th. Eight 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 has an average rating of "Moderate Buy" and an average target price of $240.00.
Get Our Latest Analysis on Nucor
About Nucor
(
Get Free Report)
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.
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