Integrity Alliance LLC. raised its position in Nucor Corporation (NYSE:NUE – Free Report) by 191.9% during the fourth quarter, HoldingsChannel reports. The firm owned 6,387 shares of the basic materials company’s stock after buying an additional 4,199 shares during the quarter. Integrity Alliance LLC.’s holdings in Nucor were worth $1,042,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of NUE. AQR Capital Management LLC increased its position in shares of Nucor by 580.9% in the 2nd quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock valued at $84,699,000 after purchasing an additional 557,819 shares during the last quarter. Capital World Investors increased its position in shares of Nucor by 20.1% in the 3rd quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company’s stock valued at $412,081,000 after purchasing an additional 509,019 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Nucor by 169.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 779,940 shares of the basic materials company’s stock valued at $127,216,000 after purchasing an additional 489,950 shares during the last quarter. M&T Bank Corp increased its position in shares of Nucor by 494.5% in the 4th quarter. M&T Bank Corp now owns 434,511 shares of the basic materials company’s stock valued at $70,873,000 after purchasing an additional 361,417 shares during the last quarter. Finally, Holocene Advisors LP grew its position in shares of Nucor by 146.9% in the 3rd quarter. Holocene Advisors LP now owns 548,911 shares of the basic materials company’s stock valued at $74,339,000 after buying an additional 326,572 shares during the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Nucor
In other news, EVP David A. Sumoski sold 33,068 shares of the firm’s stock in a transaction on 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 sale, the executive vice president owned 243,339 shares in the company, valued at approximately $54,914,312.13. This trade represents a 11.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Noah C. Hanners sold 6,472 shares of the firm’s 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 sale, the executive vice president owned 50,377 shares of the company’s stock, valued at $11,410,390.50. This trade represents a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 71,818 shares of company stock worth $16,234,593 in the last three months. Company insiders own 0.62% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on Nucor
Nucor Trading Up 1.2%
Shares of Nucor stock opened at $249.50 on Friday. Nucor Corporation has a 1 year low of $106.21 and a 1 year high of $250.37. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. The company has a market capitalization of $56.82 billion, a P/E ratio of 24.70, a PEG ratio of 0.65 and a beta of 1.87. The company’s fifty day moving average is $202.35 and its two-hundred day moving average is $180.53.
Nucor (NYSE:NUE – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.41. Nucor had a net margin of 6.82% and a return on equity of 10.68%. The company had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $8.88 billion. During the same period last year, the firm posted $0.77 EPS. Nucor’s revenue for the quarter was up 21.3% on a year-over-year basis. Analysts forecast that Nucor Corporation will post 14.84 earnings per share for the current year.
Nucor announced that its board has approved a stock buyback program on Friday, February 20th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the basic materials company to buy up to 9.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Key Nucor News
Here are the key news stories impacting Nucor this week:
- Positive Sentiment: Zacks Research increased its earnings estimates for Nucor across several future periods, signaling improving profit expectations and supporting the stock’s valuation.
- Positive Sentiment: Analysts continue to view Nucor favorably, with the company receiving a consensus Moderate Buy recommendation, reinforcing upbeat sentiment around the name. Nucor Corporation (NYSE:NUE) Receives Consensus Recommendation of “Moderate Buy” from Analysts
- Neutral Sentiment: Coverage focused on why Nucor has risen since its last earnings report, with the implication that investor optimism is being driven by stronger earnings expectations rather than a new company announcement. Why Is Nucor (NUE) Up 6.7% Since Last Earnings Report?
- Neutral Sentiment: Another market note also highlighted the stock’s post-earnings strength and rising estimates, reinforcing the same positive earnings-driven narrative. Why Is Nucor (NUE) Up 6.7% Since Last Earnings Report?
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.
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