10,658 Shares in Nucor Corporation $NUE Acquired by iSAM Funds UK Ltd

iSAM Funds UK Ltd bought a new position in Nucor Corporation (NYSE:NUE) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 10,658 shares of the basic materials company’s stock, valued at approximately $1,443,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AXS Investments LLC bought a new position in shares of Nucor during the 3rd quarter worth approximately $37,000. Vision Financial Markets LLC increased its stake in shares of Nucor by 281.7% in the 3rd 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 in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Nucor in the 2nd quarter valued at $39,000. Caitlin John LLC acquired a new position in shares of Nucor during the 3rd quarter valued at $41,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Nucor by 81.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 153 shares during the period. 76.48% of the stock is owned by institutional investors and hedge funds.

Nucor Stock Performance

NUE opened at $163.52 on Friday. The company has a current ratio of 2.94, a quick ratio of 1.57 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average price is $177.20 and its two-hundred day moving average price is $158.45. Nucor Corporation has a 1-year low of $97.59 and a 1-year high of $196.90. The company has a market cap of $37.25 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 0.59 and a beta of 1.83.

Nucor (NYSE:NUE) last released its quarterly earnings data 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). The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.93 billion. Nucor had a net margin of 5.37% and a return on equity of 8.26%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.22 earnings per share. On average, analysts expect that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

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

Nucor declared that its Board of Directors has authorized a stock repurchase 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 stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have commented on NUE. BNP Paribas Exane raised their price target on shares of Nucor from $165.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Jefferies Financial Group upped their price objective on shares of Nucor from $190.00 to $200.00 and gave the company a “buy” rating in a report on Monday, January 12th. The Goldman Sachs Group increased their price objective on shares of Nucor from $182.00 to $196.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Seaport Research Partners raised their target price on Nucor from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $180.00 target price (up from $165.00) on shares of Nucor in a research report on Friday, January 9th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Nucor presently has a consensus rating of “Moderate Buy” and an average target price of $187.90.

Insider Buying and Selling

In other news, EVP Kenneth Rex Query sold 7,452 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president owned 76,628 shares in the company, valued at $15,020,620.56. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas J. Batterbee sold 2,000 shares of Nucor stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.28, for a total value of $330,560.00. Following the transaction, the executive vice president directly owned 17,952 shares in the company, valued at approximately $2,967,106.56. The trade was a 10.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,351 shares of company stock worth $6,206,158 over the last 90 days. Company insiders own 0.46% of the company’s stock.

Nucor 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.