DeDora Capital Inc. Has $242,000 Stock Holdings in Nucor Corporation $NUE

DeDora Capital Inc. decreased its position in shares of Nucor Corporation (NYSE:NUE) by 62.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,432 shares of the basic materials company’s stock after selling 2,393 shares during the quarter. DeDora Capital Inc.’s holdings in Nucor were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of NUE. Strive Financial Group LLC bought a new stake in shares of Nucor in the fourth quarter valued at about $27,000. Stance Capital LLC bought a new position in Nucor during the third quarter worth about $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Nucor in the 4th quarter worth about $32,000. Motiv8 Investments LLC acquired a new stake in Nucor in the 4th quarter worth about $32,000. Finally, Reflection Asset Management acquired a new stake in Nucor in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Buying and Selling

In related news, EVP Allen C. Behr sold 10,096 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $226.08, for a total value of $2,282,503.68. Following the sale, the executive vice president directly owned 62,871 shares of the company’s stock, valued at $14,213,875.68. This trade represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP David A. Sumoski sold 33,068 shares of Nucor stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $225.67, for a total value of $7,462,455.56. Following the completion of the transaction, the executive vice president owned 243,339 shares in the company, valued at approximately $54,914,312.13. This represents a 11.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 82,378 shares of company stock worth $18,963,930. 0.62% of the stock is owned by company insiders.

Nucor Stock Performance

NYSE NUE opened at $220.61 on Friday. The company has a current ratio of 2.90, a quick ratio of 1.55 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $50.24 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 0.50 and a beta of 1.91. The firm’s 50 day simple moving average is $237.71 and its 200 day simple moving average is $196.72. Nucor Corporation has a 1 year low of $131.32 and a 1 year high of $270.90.

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 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 for the quarter, compared to analysts’ expectations of $8.88 billion. During the same period last year, the firm posted $0.77 earnings per share. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. As a group, research analysts expect that Nucor Corporation will post 17.68 earnings per share for the current fiscal year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th will be paid a $0.56 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.24 annualized dividend and a dividend yield of 1.0%. Nucor’s dividend payout ratio (DPR) is presently 22.18%.

Wall Street Analyst Weigh In

NUE has been the topic of a number of analyst reports. CICC Research began coverage on shares of Nucor in a research report on Monday, May 25th. They set an “outperform” rating on the stock. BNP Paribas Exane lifted their price target on shares of Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Weiss Ratings upgraded Nucor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. The Goldman Sachs Group increased their price target on Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Finally, Barclays initiated coverage on Nucor in a research note on Thursday, May 21st. They set an “overweight” rating and a $270.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.92.

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.