DeDora Capital Inc. Has $242,000 Stock Holdings in Nucor Corporation $NUE

DeDora Capital Inc. decreased its position in Nucor Corporation (NYSE:NUE) by 62.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,432 shares of the basic materials company’s stock after selling 2,393 shares during the period. DeDora Capital Inc.’s holdings in Nucor were worth $242,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Stance Capital LLC acquired a new stake in shares of Nucor in the third quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new position in Nucor during the fourth quarter worth $27,000. Motiv8 Investments LLC acquired a new position in Nucor during the fourth quarter worth $32,000. Mcguire Capital Advisors Inc. bought a new position in Nucor in the fourth quarter valued at $32,000. Finally, Reflection Asset Management bought a new position in Nucor in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Activity at Nucor

In other news, EVP Bradley Ford sold 2,240 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $232.13, for a total transaction of $519,971.20. Following the completion of the sale, the executive vice president owned 43,649 shares in the company, valued at approximately $10,132,242.37. This trade represents a 4.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Randy J. Spicer sold 2,500 shares of Nucor stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $225.00, for a total transaction of $562,500.00. Following the sale, the executive vice president directly owned 20,510 shares of the company’s stock, valued at $4,614,750. The trade was a 10.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,378 shares of company stock worth $18,963,930 in the last quarter. 0.62% of the stock is owned by corporate insiders.

Nucor Stock Up 0.7%

NUE stock opened at $220.61 on Friday. The company has a current ratio of 2.90, a quick ratio of 1.55 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $50.24 billion, a PE ratio of 21.84, a PEG ratio of 0.50 and a beta of 1.91. Nucor Corporation has a 1-year low of $131.32 and a 1-year high of $270.90. The business’s 50 day simple moving average is $237.71 and its 200 day simple moving average is $196.72.

Nucor (NYSE:NUE) last announced its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) 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 business had revenue of $9.50 billion during the quarter, compared to the consensus estimate of $8.88 billion. During the same quarter last year, the firm posted $0.77 EPS. The company’s quarterly revenue was up 21.3% on a year-over-year basis. As a group, research analysts anticipate that Nucor Corporation will post 17.68 EPS for the current year.

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th will be given a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.24 annualized dividend and a dividend yield of 1.0%. Nucor’s dividend payout ratio is presently 22.18%.

Analysts Set New Price Targets

NUE has been the topic of several analyst reports. The Goldman Sachs Group boosted their price target on shares of Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Wells Fargo & Company decreased their price objective on Nucor from $292.00 to $283.00 and set an “overweight” rating for the company in a report on Thursday, June 18th. Wall Street Zen raised Nucor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Bank of America lifted their target price on Nucor from $265.00 to $290.00 in a research report on Friday, June 12th. Finally, CICC Research initiated coverage on Nucor in a research report on Monday, May 25th. They set an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.92.

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.