Jones Financial Companies Lllp Increases Stake in Nucor Corporation $NUE

Jones Financial Companies Lllp grew its stake in shares of Nucor Corporation (NYSE:NUE) by 44.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,925 shares of the basic materials company’s stock after purchasing an additional 6,457 shares during the quarter. Jones Financial Companies Lllp’s holdings in Nucor were worth $2,890,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. RFG Advisory LLC increased its position in shares of Nucor by 2.9% in the second quarter. RFG Advisory LLC now owns 2,462 shares of the basic materials company’s stock valued at $319,000 after acquiring an additional 69 shares during the period. Whittier Trust Co. grew its stake in shares of Nucor by 5.6% in the third quarter. Whittier Trust Co. now owns 1,330 shares of the basic materials company’s stock worth $184,000 after purchasing an additional 70 shares during the last quarter. IMA Advisory Services Inc. increased its holdings in Nucor by 51.4% during the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 75 shares during the period. HUB Investment Partners LLC raised its position in Nucor by 1.9% during the 2nd quarter. HUB Investment Partners LLC now owns 4,099 shares of the basic materials company’s stock valued at $531,000 after purchasing an additional 75 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its position in shares of Nucor by 1.9% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 4,326 shares of the basic materials company’s stock worth $560,000 after buying an additional 79 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Thomas J. Batterbee sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $165.28, for a total value of $330,560.00. Following the transaction, the executive vice president directly owned 17,952 shares of the company’s stock, valued at approximately $2,967,106.56. This represents a 10.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John J. Hollatz sold 7,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $149.88, for a total value of $1,049,160.00. Following the sale, the executive vice president owned 96,550 shares in the company, valued at approximately $14,470,914. This represents a 6.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,899 shares of company stock valued at $5,794,577 over the last ninety days. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NUE. The Goldman Sachs Group upped their target price on Nucor from $182.00 to $196.00 and gave the company a “buy” rating in a report on Friday, January 16th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. UBS Group cut shares of Nucor from a “buy” rating to a “neutral” rating and set a $183.00 price target on the stock. in a research report on Wednesday, January 28th. Wall Street Zen raised shares of Nucor from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Citigroup lifted their price objective on Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $179.36.

Nucor Stock Performance

Nucor stock opened at $192.91 on Friday. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $193.09. The company has a quick ratio of 1.57, a current ratio of 2.94 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $44.15 billion, a P/E ratio of 25.58, a PEG ratio of 0.70 and a beta of 1.86. The stock’s 50 day moving average is $169.44 and its 200 day moving average is $152.32.

Nucor (NYSE:NUE) last released its earnings results on Monday, January 26th. The basic materials company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.18). Nucor had a return on equity of 8.26% and a net margin of 5.37%.The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.93 billion. During the same period last year, the firm posted $1.22 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Nucor Corporation will post 7.64 earnings per share for the current fiscal year.

Nucor Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Shareholders of record on Wednesday, December 31st will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 1.2%. This is a boost from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, December 31st. Nucor’s dividend payout ratio is presently 29.71%.

About Nucor

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.