Investment Research Partners LLC Makes New $652,000 Investment in Nucor Corporation $NUE

Investment Research Partners LLC bought a new stake in Nucor Corporation (NYSE:NUE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,811 shares of the basic materials company’s stock, valued at approximately $652,000.

Other hedge funds have also made changes to their positions in the company. Stance Capital LLC acquired a new stake in shares of Nucor during the 3rd quarter worth approximately $25,000. AXS Investments LLC purchased a new stake in shares of Nucor during the 3rd quarter valued at approximately $37,000. Vision Financial Markets LLC lifted its holdings in Nucor by 281.7% in the third quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 200 shares during the last quarter. Caitlin John LLC purchased a new position in Nucor in the third quarter worth approximately $41,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Nucor in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Wall Street Analyst Weigh In

NUE has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Nucor from $182.00 to $196.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Wells Fargo & Company increased their price target on Nucor from $184.00 to $194.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Seaport Research Partners raised their price objective on Nucor from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Wall Street Zen lowered shares of Nucor from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, UBS Group upped their target price on shares of Nucor from $183.00 to $184.00 and gave the company a “neutral” rating in a research report on Monday. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Nucor has a consensus rating of “Moderate Buy” and a consensus price target of $188.00.

Insider Transactions at Nucor

In other Nucor news, EVP Daniel R. Needham sold 3,881 shares of Nucor stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $178.00, for a total value of $690,818.00. Following the completion of the transaction, the executive vice president directly owned 88,298 shares of the company’s stock, valued at $15,717,044. The trade was a 4.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Allen C. Behr sold 7,568 shares of the business’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 sale, the executive vice president owned 67,711 shares in the company, valued at $12,763,523.50. This trade represents a 10.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 34,351 shares of company stock valued at $6,206,158. Insiders own 0.46% of the company’s stock.

Nucor Stock Down 0.7%

Shares of NYSE NUE opened at $160.94 on Thursday. The company has a quick ratio of 1.57, a current ratio of 2.94 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $176.86 and its two-hundred day moving average is $158.78. Nucor Corporation has a 52-week low of $97.59 and a 52-week high of $196.90. The firm has a market cap of $36.66 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 0.58 and a beta of 1.83.

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 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 firm had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.93 billion. During the same quarter in the prior year, the business earned $1.22 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts predict that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be issued 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 dividend payout ratio (DPR) is 29.71%.

Nucor announced that its board has initiated a share buyback program on Friday, February 20th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the basic materials company to purchase up to 9.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership 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.