National Pension Service Raises Stock Holdings in Nucor Corporation $NUE

National Pension Service lifted its position in Nucor Corporation (NYSE:NUE) by 1.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 338,960 shares of the basic materials company’s stock after purchasing an additional 4,901 shares during the quarter. National Pension Service’s holdings in Nucor were worth $45,905,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. boosted its holdings in shares of Nucor by 51.4% in the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 75 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Nucor in the second quarter worth about $39,000. Geneos Wealth Management Inc. raised its holdings in Nucor by 81.8% in 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 period. Salomon & Ludwin LLC raised its stake in shares of Nucor by 45.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 320 shares of the basic materials company’s stock worth $44,000 after buying an additional 100 shares during the period. Finally, Root Financial Partners LLC acquired a new position in Nucor during the third quarter worth $44,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

Shares of NUE stock opened at $181.03 on Tuesday. 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 company has a market capitalization of $41.43 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.86. The firm’s 50-day moving average is $166.99 and its two-hundred day moving average is $151.07. Nucor Corporation has a 12 month low of $97.59 and a 12 month high of $183.32.

Nucor (NYSE:NUE) last posted its earnings results 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). The business had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.93 billion. Nucor had a net margin of 5.37% and a return on equity of 8.26%. Nucor’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.22 EPS. Analysts predict that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, December 31st will be issued a $0.56 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.24 annualized dividend and a dividend yield of 1.2%. This is an increase from Nucor’s previous quarterly dividend of $0.55. Nucor’s dividend payout ratio (DPR) is currently 29.71%.

Insider Buying and Selling

In other news, EVP Thomas J. Batterbee sold 2,000 shares of Nucor stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $165.28, for a total value of $330,560.00. Following the completion of the sale, the executive vice president directly owned 17,952 shares of the company’s stock, valued at approximately $2,967,106.56. The trade was a 10.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Allen C. Behr sold 5,950 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $157.89, for a total value of $939,445.50. Following the transaction, the executive vice president directly owned 67,711 shares in the company, valued at approximately $10,690,889.79. The trade was a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 14,950 shares of company stock valued at $2,319,166. Company insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

NUE has been the topic of several research analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Nucor in a report on Wednesday, October 29th. Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup increased their price objective on Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. The Goldman Sachs Group lifted their target price on shares of Nucor from $182.00 to $196.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $180.00 target price (up from $165.00) on shares of Nucor in a research report on Friday, January 9th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.36.

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.