Nucor Corporation $NUE Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in Nucor Corporation (NYSE:NUE) by 28.3% in the fourth quarter, Holdings Channel reports. The fund owned 62,104 shares of the basic materials company’s stock after selling 24,500 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Nucor were worth $10,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stance Capital LLC acquired a new stake in shares of Nucor during the 3rd quarter worth about $25,000. AXS Investments LLC acquired a new stake in shares of Nucor during the 3rd quarter worth about $37,000. Vision Financial Markets LLC increased its position in shares of Nucor by 281.7% during 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 last quarter. Caitlin John LLC acquired a new stake in shares of Nucor during the 3rd quarter worth about $41,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Nucor by 81.8% during the 1st 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 during the last quarter. 76.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Nucor

In other news, EVP Allen C. Behr sold 7,568 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $188.50, for a total transaction of $1,426,568.00. Following the completion of the transaction, the executive vice president directly owned 67,711 shares of the company’s stock, valued at approximately $12,763,523.50. The trade was a 10.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth Rex Query sold 7,452 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $196.02, for a total value of $1,460,741.04. Following the transaction, the executive vice president directly owned 76,628 shares of the company’s stock, valued at approximately $15,020,620.56. This represents a 8.86% 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 26,401 shares of company stock valued at $4,936,152. 0.62% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on NUE shares. KeyCorp started coverage on Nucor in a research report on Wednesday, March 25th. They set a “sector weight” rating for the company. BMO Capital Markets raised their price objective on Nucor from $190.00 to $196.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group raised their price objective on Nucor from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, April 10th. The Goldman Sachs Group started coverage on Nucor in a research report on Wednesday, April 1st. They set a “buy” rating and a $210.00 price objective for the company. Finally, Wall Street Zen downgraded Nucor from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Nucor presently has an average rating of “Moderate Buy” and a consensus target price of $195.60.

Nucor Stock Performance

NYSE NUE opened at $189.63 on Thursday. Nucor Corporation has a 1-year low of $105.92 and a 1-year high of $196.90. The company has a market cap of $43.17 billion, a P/E ratio of 25.15, a P/E/G ratio of 0.69 and a beta of 1.73. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.94 and a quick ratio of 1.57. The stock has a 50-day moving average of $175.59 and a two-hundred day moving average of $163.23.

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

Nucor declared that its Board of Directors has approved a share buyback program on Friday, February 20th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the basic materials company to purchase up to 9.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Nucor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.2%. Nucor’s payout ratio is currently 29.71%.

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.