Banque Cantonale Vaudoise Purchases 3,490 Shares of Nucor Corporation $NUE

Banque Cantonale Vaudoise raised its position in Nucor Corporation (NYSE:NUE) by 40.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 12,120 shares of the basic materials company’s stock after acquiring an additional 3,490 shares during the period. Banque Cantonale Vaudoise’s holdings in Nucor were worth $1,642,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of NUE. Integrated Wealth Concepts LLC lifted its stake in shares of Nucor by 21.1% in the first quarter. Integrated Wealth Concepts LLC now owns 3,266 shares of the basic materials company’s stock valued at $393,000 after buying an additional 568 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Nucor in the 1st quarter worth about $259,000. Geneos Wealth Management Inc. lifted its position in Nucor by 81.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 153 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Nucor in the 2nd quarter valued at about $390,000. Finally, Savant Capital LLC boosted its stake in Nucor by 35.0% during the 2nd quarter. Savant Capital LLC now owns 15,925 shares of the basic materials company’s stock valued at $2,063,000 after purchasing an additional 4,126 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Insider Transactions at Nucor

In other news, EVP Daniel R. Needham sold 3,881 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $178.00, for a total transaction of $690,818.00. Following the completion of the transaction, the executive vice president owned 88,298 shares in the company, valued at approximately $15,717,044. This represents a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allen C. Behr sold 7,568 shares of Nucor stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $188.50, for a total value of $1,426,568.00. Following the completion of the sale, the executive vice president directly owned 67,711 shares of the company’s stock, valued at approximately $12,763,523.50. This trade represents a 10.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 34,351 shares of company stock valued at $6,206,158. Corporate insiders own 0.46% of the company’s stock.

Nucor Stock Performance

Shares of NUE stock opened at $171.73 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.57 and a current ratio of 2.94. The firm has a market cap of $39.11 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 0.61 and a beta of 1.83. Nucor Corporation has a 52 week low of $97.59 and a 52 week high of $196.90. The firm’s 50-day simple moving average is $177.26 and its two-hundred day simple moving average is $158.30.

Nucor (NYSE:NUE) last released its earnings results on Monday, January 26th. The basic materials company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.18). Nucor had a net margin of 5.37% and a return on equity of 8.26%. The company had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.93 billion. During the same period in the prior year, the company earned $1.22 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor declared that its board has authorized a stock repurchase program on Friday, February 20th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the basic materials company to buy up to 9.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Nucor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Nucor’s dividend payout ratio is 29.71%.

Analyst Ratings Changes

NUE has been the subject of several analyst reports. BNP Paribas Exane increased their price objective on Nucor from $165.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Seaport Research Partners lifted their target price on Nucor from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Wall Street Zen lowered Nucor from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. JPMorgan Chase & Co. raised their price objective on Nucor from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of Nucor from $182.00 to $196.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Nucor presently has an average rating of “Moderate Buy” and an average target price of $187.90.

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.