Nucor (NYSE:NUE) EVP Sells $1,465,908.00 in Stock

Nucor Corporation (NYSE:NUE - Get Free Report) EVP Noah Hanners sold 6,472 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $226.50, for a total value of $1,465,908.00. Following the sale, the executive vice president directly owned 50,377 shares in the company, valued at $11,410,390.50. This represents a 11.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Nucor Stock Up 2.8%

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Shares of NUE opened at $232.11 on Wednesday. Nucor Corporation has a 52 week low of $106.21 and a 52 week high of $233.74. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $52.84 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 0.65 and a beta of 1.87. The stock's 50-day moving average price is $181.96 and its 200-day moving average price is $169.89.

Nucor (NYSE:NUE - Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share for the quarter, beating 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 company had revenue of $9.50 billion during the quarter, compared to analysts' expectations of $8.88 billion. During the same period last year, the business earned $0.77 earnings per share. Nucor's quarterly revenue was up 21.3% on a year-over-year basis. On average, sell-side analysts predict that Nucor Corporation will post 13.64 EPS for the current year.

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Nucor declared that its board has initiated a stock repurchase plan on Friday, February 20th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the basic materials company to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, March 31st. Nucor's payout ratio is currently 22.18%.

Hedge Funds Weigh In On Nucor

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its position in shares of Nucor by 21.1% in the first quarter. Integrated Wealth Concepts LLC now owns 3,266 shares of the basic materials company's stock valued at $393,000 after purchasing an additional 568 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Nucor during the 1st quarter worth about $259,000. Geneos Wealth Management Inc. lifted its stake in Nucor by 81.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company's stock valued at $41,000 after buying an additional 153 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Nucor in the 2nd quarter worth about $390,000. Finally, Cerity Partners LLC boosted its holdings in Nucor by 51.9% in the 2nd quarter. Cerity Partners LLC now owns 40,629 shares of the basic materials company's stock worth $5,263,000 after buying an additional 13,877 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Nucor

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Analyst upgrades and higher targets — BNP Paribas Exane raised its price target to $248 and kept an "outperform" rating; other firms (Citigroup, Jefferies, Seaport) have also lifted targets recently, supporting upside expectations.
• Positive Sentiment: Strong earnings push — Nucor beat Q1 estimates (EPS $3.23 vs. $2.82 expected) and reported revenue growth of ~21% YoY, which underpins analyst upgrades and higher valuations.
• Positive Sentiment: Buybacks and dividend support — board authorized a $4.0B share‑repurchase program and the company pays a dividend (annualized $2.24), both of which are shareholder‑friendly capital allocation moves that can lift the stock.
• Neutral Sentiment: Institutional ownership & fundamentals — ~76% institutional ownership, modest leverage (D/E ~0.30) and solid liquidity ratios; these factors reduce headline volatility but limit surprise flows.
• Negative Sentiment: Insider sale — EVP David A. Sumoski sold 33,068 shares at about $225.67 on Apr 30, reducing his position by ~12%. Form 4 — Sumoski
• Negative Sentiment: Insider sale — EVP Daniel R. Needham sold 12,888 shares at about $226.00 on May 1, trimming his stake by ~12.6%. Form 4 — Needham
• Negative Sentiment: Insider sale — EVP Noah C. Hanners sold 6,472 shares at about $226.50 on May 1, an ~11.4% ownership reduction for him. Form 4 — Hanners

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Nucor from $212.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday, April 29th. UBS Group lowered shares of Nucor from a "buy" rating to a "neutral" rating and increased their target price for the stock from $190.00 to $224.00 in a research note on Tuesday, April 28th. BMO Capital Markets lifted their price target on Nucor from $196.00 to $235.00 and gave the company an "outperform" rating in a research note on Tuesday, April 28th. Jefferies Financial Group upped their price target on Nucor from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. Finally, Bank of America increased their price target on Nucor from $190.00 to $250.00 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Nucor has a consensus rating of "Moderate Buy" and a consensus target price of $243.80.

Check Out Our Latest Analysis on Nucor

Nucor Company Profile

(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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