Decker Wealth Management LLC Takes Position in Nucor Corporation $NUE

Decker Wealth Management LLC purchased a new stake in Nucor Corporation (NYSE:NUE) in the 1st quarter, HoldingsChannel reports. The firm purchased 39,858 shares of the basic materials company’s stock, valued at approximately $6,740,000. Nucor accounts for approximately 1.5% of Decker Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position.

Other large investors also recently bought and sold shares of the company. Stance Capital LLC purchased a new position in Nucor during the third quarter worth approximately $25,000. Strive Financial Group LLC purchased a new stake in shares of Nucor in the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC purchased a new stake in shares of Nucor in the fourth quarter valued at approximately $32,000. Bartlett & CO. Wealth Management LLC raised its stake in shares of Nucor by 49.2% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock worth $32,000 after buying an additional 63 shares during the period. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Nucor during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Buying and Selling at Nucor

In other news, EVP Allen C. Behr sold 10,096 shares of Nucor stock in a transaction that occurred 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 sale, the executive vice president owned 62,871 shares of the company’s stock, valued at approximately $14,213,875.68. The trade was a 13.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Noah C. Hanners sold 6,472 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $226.50, for a total value of $1,465,908.00. Following the completion of the transaction, the executive vice president directly owned 50,377 shares in the company, valued at approximately $11,410,390.50. This trade represents a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 82,378 shares of company stock worth $18,963,930. Corporate insiders own 0.62% of the company’s stock.

Nucor Trading Up 0.1%

Shares of NUE stock opened at $236.77 on Monday. The stock’s fifty day moving average is $239.20 and its two-hundred day moving average is $201.90. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. The firm has a market capitalization of $53.92 billion, a P/E ratio of 23.44, a PEG ratio of 0.54 and a beta of 1.91. Nucor Corporation has a fifty-two week low of $131.32 and a fifty-two week high of $270.90.

Nucor (NYSE:NUE) last released its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.41. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The business had revenue of $9.50 billion during the quarter, compared to analyst estimates of $8.88 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. Research analysts expect that Nucor Corporation will post 17.68 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Nucor’s dividend payout ratio (DPR) is currently 22.18%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Bank of America reduced their price objective on shares of Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. The Goldman Sachs Group increased their price objective on shares of Nucor from $260.00 to $284.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. BMO Capital Markets lifted their target price on shares of Nucor from $250.00 to $285.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen raised shares of Nucor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.31.

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.