ProShare Advisors LLC Has $166.56 Million Holdings in Nucor Corporation $NUE

ProShare Advisors LLC trimmed its position in Nucor Corporation (NYSE:NUE) by 15.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,229,839 shares of the basic materials company’s stock after selling 231,348 shares during the quarter. ProShare Advisors LLC’s holdings in Nucor were worth $166,557,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its stake in Nucor by 21.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,266 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 568 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Nucor in the first quarter valued at $259,000. Geneos Wealth Management Inc. boosted its position in shares of Nucor by 81.8% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after buying an additional 153 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Nucor during the second quarter valued at $390,000. Finally, Clear Creek Financial Management LLC acquired a new position in Nucor during the second quarter valued at $246,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Morgan Stanley restated an “equal weight” rating and set a $180.00 price objective (up from $165.00) on shares of Nucor in a research report on Friday, January 9th. BNP Paribas Exane raised their price target on shares of Nucor from $165.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. UBS Group lowered shares of Nucor from a “buy” rating to a “neutral” rating and set a $183.00 price objective on the stock. in a research note on Wednesday, January 28th. Wells Fargo & Company lifted their target price on shares of Nucor from $176.00 to $184.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Nucor from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Nucor has an average rating of “Moderate Buy” and an average target price of $179.36.

Insider Buying and Selling

In related news, EVP John J. Hollatz sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $149.88, for a total value of $1,049,160.00. Following the transaction, the executive vice president directly owned 96,550 shares of the company’s stock, valued at approximately $14,470,914. This trade represents a 6.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas J. Batterbee sold 2,000 shares of the business’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 completion of the sale, the executive vice president owned 17,952 shares of the company’s stock, valued at approximately $2,967,106.56. This trade represents a 10.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 33,899 shares of company stock worth $5,794,577. Insiders own 0.71% of the company’s stock.

Nucor Price Performance

NYSE NUE opened at $192.91 on Monday. 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 stock has a market capitalization of $44.15 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 0.70 and a beta of 1.86. Nucor Corporation has a 12-month low of $97.59 and a 12-month high of $193.09. The company has a 50 day moving average price of $169.44 and a two-hundred day moving average price of $152.37.

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

Nucor Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.56 per share. This is a boost from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date is Wednesday, December 31st. This represents a $2.24 annualized dividend and a dividend yield of 1.2%. Nucor’s dividend payout ratio is currently 29.71%.

Nucor Company Profile

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.