Los Angeles Capital Management LLC Makes New Investment in Nucor Corporation $NUE

Los Angeles Capital Management LLC purchased a new position in Nucor Corporation (NYSE:NUE) during the second quarter, Holdings Channel reports. The institutional investor purchased 13,037 shares of the basic materials company’s stock, valued at approximately $1,689,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NUE. Hudson Capital Management LLC boosted its stake in Nucor by 6.6% during the 2nd quarter. Hudson Capital Management LLC now owns 34,784 shares of the basic materials company’s stock valued at $4,506,000 after purchasing an additional 2,154 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Nucor by 138.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 121,543 shares of the basic materials company’s stock valued at $15,745,000 after purchasing an additional 70,581 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Nucor in the 2nd quarter worth about $5,225,000. Verdence Capital Advisors LLC raised its position in shares of Nucor by 78.1% during the 2nd quarter. Verdence Capital Advisors LLC now owns 8,134 shares of the basic materials company’s stock valued at $1,054,000 after buying an additional 3,568 shares in the last quarter. Finally, Truist Financial Corp raised its position in Nucor by 1.4% in the 2nd quarter. Truist Financial Corp now owns 154,622 shares of the basic materials company’s stock worth $20,030,000 after purchasing an additional 2,159 shares during the period. Institutional investors own 76.48% of the company’s stock.

Nucor Trading Up 0.9%

NYSE NUE opened at $143.99 on Wednesday. The firm has a market cap of $33.05 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.14 and a beta of 1.80. Nucor Corporation has a 52 week low of $97.59 and a 52 week high of $158.48. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average price of $140.36 and a 200 day moving average price of $134.18.

Nucor (NYSE:NUE) last released its earnings results on Monday, October 27th. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.33. The firm had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $8.27 billion. Nucor had a return on equity of 7.80% and a net margin of 5.18%.The firm’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. As a group, sell-side analysts forecast that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Tuesday, September 30th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Nucor’s dividend payout ratio is currently 30.90%.

Insider Transactions at Nucor

In other news, EVP Allen C. Behr sold 9,042 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $151.28, for a total value of $1,367,873.76. Following the transaction, the executive vice president directly owned 73,661 shares in the company, valued at approximately $11,143,436.08. This represents a 10.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel R. Needham sold 7,200 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $146.00, for a total transaction of $1,051,200.00. Following the completion of the transaction, the executive vice president directly owned 92,179 shares of the company’s stock, valued at approximately $13,458,134. The trade was a 7.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 34,333 shares of company stock valued at $5,075,189. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NUE shares. JPMorgan Chase & Co. raised their target price on shares of Nucor from $172.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Jefferies Financial Group upgraded Nucor from a “hold” rating to a “buy” rating and increased their target price for the company from $135.00 to $170.00 in a research note on Thursday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. UBS Group raised their target price on Nucor from $165.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, The Goldman Sachs Group reduced their target price on shares of Nucor from $182.00 to $173.00 and set a “buy” rating for the company in a report on Monday, September 22nd. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Nucor presently has an average rating of “Moderate Buy” and an average price target of $164.30.

About Nucor

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.