Eurizon Capital SGR S.p.A. Purchases Shares of 145,919 Nucor Corporation $NUE

Eurizon Capital SGR S.p.A. bought a new position in shares of Nucor Corporation (NYSE:NUE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 145,919 shares of the basic materials company’s stock, valued at approximately $23,804,000.

Other institutional investors have also made changes to their positions in the company. Stance Capital LLC acquired a new position in shares of Nucor during the third quarter worth $25,000. AXS Investments LLC acquired a new position in shares of Nucor during the third quarter worth $37,000. Vision Financial Markets LLC lifted its position in shares of Nucor by 281.7% during the third 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 in the last quarter. Caitlin John LLC acquired a new position in shares of Nucor during the third quarter worth $41,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Nucor by 81.8% during the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 153 shares in the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on NUE shares. UBS Group cut shares of Nucor from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $190.00 to $224.00 in a research report on Tuesday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of Nucor from $212.00 to $240.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Wells Fargo & Company boosted their target price on shares of Nucor from $213.00 to $244.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. BMO Capital Markets boosted their target price on shares of Nucor from $196.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Finally, Bank of America boosted their target price on shares of Nucor from $190.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Nucor has a consensus rating of “Moderate Buy” and an average price target of $247.50.

Insider Buying and Selling at Nucor

In related news, EVP Bradley Ford sold 2,240 shares of the firm’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 transaction, the executive vice president directly owned 43,649 shares in the company, valued at $10,132,242.37. This trade represents a 4.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Noah C. Hanners sold 6,472 shares of Nucor stock in a transaction on Friday, May 1st. The stock was sold at an average price of $226.50, for a total transaction of $1,465,908.00. Following the completion of the transaction, the executive vice president directly owned 50,377 shares of the company’s stock, valued at approximately $11,410,390.50. This represents a 11.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 71,818 shares of company stock worth $16,234,593. 0.62% of the stock is owned by insiders.

Nucor Trading Up 0.3%

NUE opened at $250.06 on Friday. The stock has a market capitalization of $56.95 billion, a PE ratio of 24.76, a P/E/G ratio of 0.66 and a beta of 1.87. The firm’s fifty day moving average price is $204.13 and its 200 day moving average price is $181.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.90 and a quick ratio of 1.55. Nucor Corporation has a 12-month low of $106.21 and a 12-month high of $251.39.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The firm had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $8.88 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. Nucor’s revenue for the quarter was up 21.3% compared to the same quarter last year. As a group, research analysts expect that Nucor Corporation will post 14.84 EPS for the current fiscal year.

Nucor announced that its Board of Directors has authorized a share buyback program on Friday, February 20th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the basic materials company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.