Y.D. More Investments Ltd Buys New Holdings in Nucor Corporation $NUE

Y.D. More Investments Ltd bought a new position in Nucor Corporation (NYSE:NUE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,002 shares of the basic materials company’s stock, valued at approximately $1,305,000.

A number of other institutional investors have also recently bought and sold shares of the business. Unison Advisors LLC lifted its holdings in shares of Nucor by 0.4% during the 4th quarter. Unison Advisors LLC now owns 42,992 shares of the basic materials company’s stock worth $7,037,000 after acquiring an additional 170 shares during the period. Cidel Asset Management Inc. increased its stake in Nucor by 2.2% in the fourth quarter. Cidel Asset Management Inc. now owns 4,750 shares of the basic materials company’s stock valued at $775,000 after acquiring an additional 100 shares during the period. Secure Asset Management LLC increased its stake in Nucor by 1.9% in the fourth quarter. Secure Asset Management LLC now owns 8,082 shares of the basic materials company’s stock valued at $1,318,000 after acquiring an additional 153 shares during the period. Braun Stacey Associates Inc. raised its position in Nucor by 1.6% in the fourth quarter. Braun Stacey Associates Inc. now owns 141,262 shares of the basic materials company’s stock worth $23,041,000 after purchasing an additional 2,180 shares in the last quarter. Finally, Signaturefd LLC raised its position in Nucor by 2.4% in the fourth quarter. Signaturefd LLC now owns 8,776 shares of the basic materials company’s stock worth $1,431,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Nucor Stock Performance

NYSE:NUE opened at $172.26 on Monday. The stock has a market capitalization of $39.21 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 0.62 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 has a 50 day moving average of $175.10 and a 200-day moving average of $160.73.

Nucor (NYSE:NUE) last released its quarterly 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). 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 quarter last year, the company earned $1.22 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, March 31st. Nucor’s dividend payout ratio is presently 29.71%.

Nucor announced that its board has approved a stock buyback plan 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 shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have weighed in on NUE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nucor in a report on Monday, December 29th. Jefferies Financial Group raised their target price on Nucor from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. The Goldman Sachs Group started coverage on Nucor in a research note on Wednesday, April 1st. They issued a “buy” rating and a $210.00 price target on the stock. Seaport Research Partners upped their price target on Nucor from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, BNP Paribas Exane increased 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. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.30.

Insider Activity

In related news, EVP Kenneth Rex Query sold 7,452 shares of Nucor stock in a transaction dated 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 directly owned 76,628 shares of the company’s stock, valued at $15,020,620.56. The trade was a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Allen C. Behr sold 7,568 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $188.50, for a total transaction of $1,426,568.00. Following the transaction, the executive vice president owned 67,711 shares in the company, valued at approximately $12,763,523.50. This trade represents a 10.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 26,401 shares of company stock worth $4,936,152. 0.46% of the stock is owned by corporate insiders.

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.