Strs Ohio lessened its position in shares of Nucor Corporation (NYSE:NUE – Free Report) by 10.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,302 shares of the basic materials company’s stock after selling 2,190 shares during the quarter. Strs Ohio’s holdings in Nucor were worth $3,148,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Krilogy Financial LLC increased its position in shares of Nucor by 4.1% during the fourth quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company’s stock worth $272,000 after buying an additional 61 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in Nucor by 3.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,011 shares of the basic materials company’s stock valued at $328,000 after buying an additional 69 shares during the period. Whittier Trust Co. lifted its holdings in Nucor by 5.6% in the third quarter. Whittier Trust Co. now owns 1,330 shares of the basic materials company’s stock valued at $184,000 after buying an additional 70 shares during the period. HUB Investment Partners LLC boosted its position in Nucor by 1.9% during the second quarter. HUB Investment Partners LLC now owns 4,099 shares of the basic materials company’s stock valued at $531,000 after acquiring an additional 75 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Nucor by 23.2% during the 3rd quarter. Versant Capital Management Inc now owns 425 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 80 shares during the period. Institutional investors own 76.48% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on NUE shares. The Goldman Sachs Group lifted their price objective on Nucor from $240.00 to $260.00 in a research report on Friday, May 1st. UBS Group cut Nucor from a “buy” rating to a “neutral” rating and raised their target price for the stock from $190.00 to $224.00 in a research note on Tuesday, April 28th. Jefferies Financial Group lifted their target price on Nucor from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. BNP Paribas Exane increased their price target on Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Citigroup raised their price objective on shares of Nucor from $180.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $243.80.
Nucor Stock Performance
Shares of Nucor stock opened at $232.11 on Wednesday. The business has a 50-day simple moving average of $181.96 and a 200 day simple moving average of $169.89. The firm has a market capitalization of $52.84 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 0.65 and a beta of 1.87. 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 one year low of $106.21 and a one year high of $233.74.
Nucor (NYSE:NUE – Get Free Report) last released its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.41. The business had revenue of $9.50 billion during the quarter, compared to analyst estimates of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.Nucor’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. On average, research analysts anticipate that Nucor Corporation will post 13.64 earnings per share for the current fiscal year.
Nucor Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Tuesday, March 31st will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Nucor’s dividend payout ratio is presently 22.18%.
Nucor declared that its board has approved a stock buyback program on Friday, February 20th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the basic materials company to purchase up to 9.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
Key Stories Impacting Nucor
Here are the key news stories impacting Nucor this week:
- Positive Sentiment: Analyst upgrades and higher targets — BNP Paribas Exane raised its price target to $248 and kept an “outperform” rating; other firms (Citigroup, Jefferies, Seaport) have also lifted targets recently, supporting upside expectations.
- Positive Sentiment: Strong earnings push — Nucor beat Q1 estimates (EPS $3.23 vs. $2.82 expected) and reported revenue growth of ~21% YoY, which underpins analyst upgrades and higher valuations.
- Positive Sentiment: Buybacks and dividend support — board authorized a $4.0B share‑repurchase program and the company pays a dividend (annualized $2.24), both of which are shareholder‑friendly capital allocation moves that can lift the stock.
- Neutral Sentiment: Institutional ownership & fundamentals — ~76% institutional ownership, modest leverage (D/E ~0.30) and solid liquidity ratios; these factors reduce headline volatility but limit surprise flows.
- Negative Sentiment: Insider sale — EVP David A. Sumoski sold 33,068 shares at about $225.67 on Apr 30, reducing his position by ~12%. Form 4 — Sumoski
- Negative Sentiment: Insider sale — EVP Daniel R. Needham sold 12,888 shares at about $226.00 on May 1, trimming his stake by ~12.6%. Form 4 — Needham
- Negative Sentiment: Insider sale — EVP Noah C. Hanners sold 6,472 shares at about $226.50 on May 1, an ~11.4% ownership reduction for him. Form 4 — Hanners
Insider Activity
In other news, EVP Kenneth Rex Query sold 7,452 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $196.02, for a total value of $1,460,741.04. Following the completion of the transaction, the executive vice president directly owned 76,628 shares in the company, valued at approximately $15,020,620.56. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel R. Needham sold 12,888 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $226.00, for a total transaction of $2,912,688.00. Following the sale, the executive vice president directly owned 89,724 shares in the company, valued at $20,277,624. This trade represents a 12.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 59,880 shares of company stock valued at $13,301,793 over the last ninety days. 0.62% of the stock is owned by insiders.
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.
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