180 Wealth Advisors LLC Buys 3,344 Shares of Nucor Corporation $NUE

180 Wealth Advisors LLC increased its stake in shares of Nucor Corporation (NYSE:NUE) by 192.8% in the 1st quarter, Holdings Channel reports. The firm owned 5,078 shares of the basic materials company’s stock after buying an additional 3,344 shares during the period. 180 Wealth Advisors LLC’s holdings in Nucor were worth $859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Nucor during the 4th quarter valued at $609,002,000. AQR Capital Management LLC grew its holdings in shares of Nucor by 580.9% in the second quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock worth $84,699,000 after acquiring an additional 557,819 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in Nucor by 169.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 779,940 shares of the basic materials company’s stock valued at $127,216,000 after acquiring an additional 489,950 shares during the last quarter. Bank of New York Mellon Corp increased its position in Nucor by 27.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,780,423 shares of the basic materials company’s stock valued at $290,405,000 after acquiring an additional 383,952 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in Nucor by 494.5% in the fourth quarter. M&T Bank Corp now owns 434,511 shares of the basic materials company’s stock valued at $70,873,000 after acquiring an additional 361,417 shares during the period. Institutional investors own 76.48% of the company’s stock.

Nucor Stock Performance

NYSE NUE opened at $227.28 on Monday. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30. Nucor Corporation has a twelve month low of $131.32 and a twelve month high of $270.90. The business has a 50-day moving average price of $238.59 and a 200-day moving average price of $199.42. The firm has a market cap of $51.76 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 0.52 and a beta of 1.91.

Nucor (NYSE:NUE) last released its 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 the consensus estimate of $8.88 billion. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 earnings per share. As a group, equities research analysts predict that Nucor Corporation will post 17.68 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, June 30th. Nucor’s payout ratio is currently 22.18%.

Insider Buying and Selling at Nucor

In other news, insider Michael D. Keller sold 4,554 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $225.86, for a total transaction of $1,028,566.44. Following the completion of the transaction, the insider directly owned 16,834 shares in the company, valued at approximately $3,802,127.24. This represents a 21.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Allen C. Behr sold 10,096 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $226.08, for a total transaction of $2,282,503.68. Following the transaction, the executive vice president owned 62,871 shares of the company’s stock, valued at $14,213,875.68. This trade represents a 13.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 82,378 shares of company stock worth $18,963,930. Company insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NUE shares. Morgan Stanley raised their target price on Nucor from $227.00 to $258.00 and gave the stock an “equal weight” rating in a research report on Monday, June 22nd. Zacks Research cut shares of Nucor from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Citigroup raised their price objective on shares of Nucor from $180.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. BNP Paribas Exane upped their target price on shares of Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company decreased their price target on shares of Nucor from $292.00 to $283.00 and set an “overweight” rating on the stock in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $266.15.

Nucor 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.