Nucor Corporation $NUE Stock Holdings Raised by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA grew its stake in Nucor Corporation (NYSE:NUE) by 468.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,108 shares of the basic materials company’s stock after purchasing an additional 5,857 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Nucor were worth $1,159,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Rosenberg Matthew Hamilton grew its stake in Nucor by 3.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,011 shares of the basic materials company’s stock worth $328,000 after purchasing an additional 69 shares in the last quarter. Whittier Trust Co. raised its stake in Nucor by 5.6% during 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 in the last quarter. HUB Investment Partners LLC lifted its holdings in Nucor by 1.9% during the 2nd quarter. HUB Investment Partners LLC now owns 4,099 shares of the basic materials company’s stock worth $531,000 after buying an additional 75 shares during the last quarter. Versant Capital Management Inc lifted 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 buying an additional 80 shares during the last quarter. Finally, True North Advisors LLC grew its position in shares of Nucor by 3.9% in the 3rd quarter. True North Advisors LLC now owns 2,195 shares of the basic materials company’s stock worth $297,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NUE shares. Seaport Research Partners boosted their price target on Nucor from $170.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 30th. UBS Group raised their price objective on Nucor from $183.00 to $184.00 and gave the stock a “neutral” rating in a research note on Monday, March 16th. BMO Capital Markets boosted their target price on shares of Nucor from $190.00 to $196.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. increased their target price on shares of Nucor from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, December 5th. Finally, Wells Fargo & Company raised their price target on shares of Nucor from $194.00 to $197.00 and gave the stock an “overweight” rating in a research report on Friday. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $188.30.

Insiders Place Their Bets

In related news, EVP Allen C. Behr sold 7,568 shares of Nucor stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $188.50, for a total transaction of $1,426,568.00. Following the sale, the executive vice president directly owned 67,711 shares in the company, valued at $12,763,523.50. The trade was a 10.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas J. Batterbee sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $165.28, for a total transaction 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 $2,967,106.56. The trade was a 10.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 28,401 shares of company stock worth $5,266,712. 0.46% of the stock is owned by company insiders.

Nucor Price Performance

Shares of NYSE:NUE opened at $158.84 on Friday. The firm’s 50 day moving average is $176.65 and its two-hundred day moving average is $158.96. The firm has a market capitalization of $36.18 billion, a P/E ratio of 21.07, a PEG ratio of 0.57 and a beta of 1.83. The company has a current ratio of 2.94, a quick ratio of 1.57 and a debt-to-equity ratio of 0.31. Nucor Corporation has a 52 week low of $97.59 and a 52 week high of $196.90.

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

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, March 31st. Nucor’s payout ratio is 29.71%.

Nucor announced that its board has approved a share repurchase program on Friday, February 20th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the basic materials company to repurchase up to 9.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

About Nucor

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.