Nisa Investment Advisors LLC Has $12.32 Million Stock Holdings in Nucor Corporation $NUE

Nisa Investment Advisors LLC lifted its position in Nucor Corporation (NYSE:NUE) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 75,276 shares of the basic materials company’s stock after purchasing an additional 3,024 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Nucor were worth $12,320,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new position in shares of Nucor in the third quarter valued at approximately $1,528,000. Penserra Capital Management LLC grew its position in Nucor by 15,814.3% during the 3rd quarter. Penserra Capital Management LLC now owns 3,342 shares of the basic materials company’s stock worth $452,000 after acquiring an additional 3,321 shares during the last quarter. Allstate Corp bought a new stake in Nucor during the 3rd quarter worth approximately $1,085,000. Peterson Wealth Services increased its holdings in Nucor by 587,032.0% during the 3rd quarter. Peterson Wealth Services now owns 146,783 shares of the basic materials company’s stock valued at $19,879,000 after purchasing an additional 146,758 shares in the last quarter. Finally, Covea Finance raised its position in Nucor by 75.4% in the 3rd quarter. Covea Finance now owns 94,200 shares of the basic materials company’s stock valued at $12,758,000 after purchasing an additional 40,500 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NUE shares. BNP Paribas Exane boosted their price objective on Nucor from $165.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Nucor in a research note on Monday, December 29th. BMO Capital Markets lifted their price target on Nucor from $190.00 to $196.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. UBS Group upgraded shares of Nucor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $184.00 to $190.00 in a research report on Thursday, March 26th. Finally, Wall Street Zen raised shares of Nucor from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $190.30.

Insider Buying and Selling at Nucor

In other news, EVP Daniel R. Needham sold 3,881 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $178.00, for a total value of $690,818.00. Following the transaction, the executive vice president owned 88,298 shares of the company’s stock, valued at $15,717,044. This represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kenneth Rex Query sold 7,452 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was 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 owned 76,628 shares in the company, valued at $15,020,620.56. This represents a 8.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 26,401 shares of company stock worth $4,936,152. Insiders own 0.46% of the company’s stock.

Nucor Stock Up 2.9%

Shares of NYSE NUE opened at $173.97 on Thursday. The firm has a market capitalization of $39.60 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 0.61 and a beta of 1.73. 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 1 year low of $97.59 and a 1 year high of $196.90. The firm’s 50-day moving average is $175.44 and its 200-day moving average is $160.19.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, January 26th. The basic materials company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $7.93 billion. During the same period last year, the firm earned $1.22 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts expect that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Announces Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, March 31st. This represents a $2.24 annualized dividend and a dividend yield of 1.3%. Nucor’s payout ratio is presently 29.71%.

Nucor declared that its Board of Directors has initiated a share buyback 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 buy up to 9.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.