Horrell Capital Management Inc. Buys 597 Shares of Nucor Corporation $NUE

Horrell Capital Management Inc. raised its stake in Nucor Corporation (NYSE:NUE) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,537 shares of the basic materials company’s stock after purchasing an additional 597 shares during the period. Nucor accounts for approximately 1.5% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 21st biggest position. Horrell Capital Management Inc.’s holdings in Nucor were worth $3,567,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. IMA Advisory Services Inc. raised its holdings in 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 period. Matrix Trust Co grew its position in shares of Nucor by 53.8% in the second quarter. Matrix Trust Co now owns 240 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 84 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Nucor by 81.8% during the first 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. Meeder Asset Management Inc. lifted its holdings in Nucor by 209.6% during the 1st quarter. Meeder Asset Management Inc. now owns 418 shares of the basic materials company’s stock worth $50,000 after purchasing an additional 283 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Nucor by 49.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 442 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analysts Set New Price Targets

NUE has been the topic of a number of research reports. Bank of America upped their price objective on Nucor from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, September 15th. BMO Capital Markets reissued an “outperform” rating on shares of Nucor in a research report on Wednesday, October 29th. Morgan Stanley upped their price target on shares of Nucor from $152.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nucor in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Nucor from a “buy” rating to a “hold” rating in a research report on Sunday. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Nucor has a consensus rating of “Moderate Buy” and a consensus target price of $164.30.

Nucor Trading Up 0.9%

NUE opened at $143.99 on Wednesday. The stock has a market capitalization of $33.05 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 1.14 and a beta of 1.80. The company has a quick ratio of 1.51, a current ratio of 2.77 and a debt-to-equity ratio of 0.30. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $158.48. The company has a 50-day simple moving average of $140.36 and a 200 day simple moving average of $134.18.

Nucor (NYSE:NUE) last released its earnings results on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.30 by $0.33. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The firm had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the firm earned $1.49 EPS. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. Nucor has set its Q4 2025 guidance at -2.630 EPS. Analysts predict that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, September 30th. Nucor’s payout ratio is currently 30.90%.

Insider Activity

In other Nucor news, CFO Stephen D. Laxton sold 2,003 shares of Nucor stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $151.57, for a total value of $303,594.71. Following the transaction, the chief financial officer owned 88,174 shares in the company, valued at $13,364,533.18. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael D. Keller sold 6,088 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $148.41, for a total value of $903,520.08. Following the transaction, the insider directly owned 22,464 shares of the company’s stock, valued at approximately $3,333,882.24. The trade was a 21.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 34,333 shares of company stock valued at $5,075,189. Corporate insiders own 0.46% of the company’s stock.

Nucor Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.