Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $2.58 Million Position in Nucor Corporation $NUE

Fideuram Intesa Sanpaolo Private Banking S.P.A. decreased its holdings in Nucor Corporation (NYSE:NUE) by 19.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,238 shares of the basic materials company’s stock after selling 3,746 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Nucor were worth $2,577,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Nucor by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 28,407,540 shares of the basic materials company’s stock valued at $4,633,554,000 after purchasing an additional 144,038 shares in the last quarter. Morgan Stanley boosted its position in Nucor by 1.1% in the fourth quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock valued at $628,497,000 after buying an additional 41,728 shares in the last quarter. Norges Bank acquired a new position in Nucor in the fourth quarter valued at about $609,002,000. Capital World Investors grew its stake in Nucor by 20.1% during the third quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company’s stock worth $412,081,000 after buying an additional 509,019 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Nucor by 11.1% during the fourth quarter. Nordea Investment Management AB now owns 2,103,000 shares of the basic materials company’s stock worth $342,642,000 after buying an additional 210,577 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP John J. Hollatz sold 10,560 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the completion of the sale, the executive vice president directly owned 97,865 shares of the company’s stock, valued at approximately $25,294,187.90. This represents a 9.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bradley Ford sold 2,240 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $232.13, for a total transaction of $519,971.20. Following the completion of the transaction, the executive vice president directly owned 43,649 shares of the company’s stock, valued at approximately $10,132,242.37. The trade was a 4.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 82,378 shares of company stock valued at $18,963,930. 0.62% of the stock is owned by company insiders.

Nucor Stock Performance

Shares of Nucor stock opened at $220.61 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.90 and a quick ratio of 1.55. The firm has a market cap of $50.24 billion, a P/E ratio of 21.84, a P/E/G ratio of 0.50 and a beta of 1.91. The firm has a 50 day simple moving average of $237.84 and a 200 day simple moving average of $196.89. 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 for the quarter, topping analysts’ consensus estimates of $2.82 by $0.41. The company had revenue of $9.50 billion during the quarter, compared to the consensus estimate of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The firm’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 earnings per share. Sell-side analysts predict that Nucor Corporation will post 17.68 earnings per share for the current fiscal year.

Nucor Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, June 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.0%. Nucor’s dividend payout ratio is currently 22.18%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NUE. Morgan Stanley lifted their target price on shares of Nucor from $227.00 to $258.00 and gave the company an “equal weight” rating in a research note on Monday, June 22nd. KeyCorp upgraded Nucor from a “sector weight” rating to an “overweight” rating and set a $274.00 price target on the stock in a research report on Wednesday, June 24th. UBS Group cut Nucor from a “buy” rating to a “neutral” rating and raised their price target for the company from $190.00 to $224.00 in a report on Tuesday, April 28th. Zacks Research downgraded Nucor from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, The Goldman Sachs Group boosted their price objective on Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.92.

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.