Caprock Group LLC Invests $1.51 Million in Nucor Corporation $NUE

Caprock Group LLC bought a new position in Nucor Corporation (NYSE:NUE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,178 shares of the basic materials company’s stock, valued at approximately $1,514,000.

Several other institutional investors have also recently made changes to their positions in the company. IMA Advisory Services Inc. increased its stake in Nucor by 51.4% during the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 75 shares in the last quarter. AXS Investments LLC purchased a new position in Nucor during the third quarter valued at approximately $37,000. Vision Financial Markets LLC boosted its stake in Nucor by 281.7% in the 3rd quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 200 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Nucor in the 2nd quarter worth $39,000. Finally, Salomon & Ludwin LLC grew its holdings in Nucor by 45.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 320 shares of the basic materials company’s stock valued at $44,000 after buying an additional 100 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Nucor Trading Down 3.1%

NYSE:NUE opened at $182.97 on Friday. The stock’s 50 day moving average price is $172.29 and its 200 day moving average price is $153.95. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $196.90. The company has a market capitalization of $41.87 billion, a PE ratio of 24.27, a P/E/G ratio of 0.66 and a beta of 1.86. The company has a quick ratio of 1.57, a current ratio of 2.94 and a debt-to-equity ratio of 0.31.

Nucor (NYSE:NUE) last released its earnings results on Monday, January 26th. The basic materials company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.18). Nucor had a return on equity of 8.26% and a net margin of 5.37%.The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.93 billion. During the same quarter last year, the business posted $1.22 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 11th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.56 per share. The ex-dividend date was Wednesday, December 31st. This is an increase from Nucor’s previous quarterly dividend of $0.55. This represents a $2.24 annualized dividend and a yield of 1.2%. Nucor’s payout ratio is currently 29.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NUE shares. Citigroup upped their price objective on Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. The Goldman Sachs Group raised their price target on shares of Nucor from $182.00 to $196.00 and gave the company a “buy” rating in a report on Friday, January 16th. JPMorgan Chase & Co. upped their price target on shares of Nucor from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Seaport Research Partners raised their target price on Nucor from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Jefferies Financial Group boosted their target price on shares of Nucor from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nucor has an average rating of “Moderate Buy” and an average price target of $179.36.

Insider Buying and Selling at Nucor

In related news, EVP Thomas J. Batterbee sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $165.28, for a total transaction of $330,560.00. Following the completion of the transaction, the executive vice president owned 17,952 shares of the company’s stock, valued at $2,967,106.56. This trade represents a 10.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel R. Needham sold 3,881 shares of the stock in a transaction on Friday, January 30th. The shares were sold at an average price of $178.00, for a total value of $690,818.00. Following the completion of the transaction, the executive vice president owned 88,298 shares of the company’s stock, valued at $15,717,044. This trade represents a 4.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 34,351 shares of company stock valued at $6,206,158. Corporate insiders own 0.46% of the company’s stock.

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.