Public Employees Retirement System of Ohio Reduces Holdings in Nucor Corporation $NUE

Public Employees Retirement System of Ohio trimmed its holdings in shares of Nucor Corporation (NYSE:NUE) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 112,221 shares of the basic materials company’s stock after selling 3,784 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Nucor were worth $18,977,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Compound Planning Inc. grew its position in shares of Nucor by 9.2% during the 1st quarter. Compound Planning Inc. now owns 5,096 shares of the basic materials company’s stock valued at $862,000 after acquiring an additional 428 shares during the period. Liberty One Investment Management LLC increased its stake in shares of Nucor by 215.9% in the 1st quarter. Liberty One Investment Management LLC now owns 4,523 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 3,091 shares in the last quarter. RMG Wealth Management LLC raised its holdings in Nucor by 243.5% in the 1st quarter. RMG Wealth Management LLC now owns 213 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 151 shares during the period. Sei Investments Co. raised its holdings in Nucor by 38.4% in the 1st quarter. Sei Investments Co. now owns 121,635 shares of the basic materials company’s stock worth $20,571,000 after purchasing an additional 33,740 shares during the period. Finally, Cetera Investment Advisers lifted its position in Nucor by 0.9% during the first quarter. Cetera Investment Advisers now owns 141,760 shares of the basic materials company’s stock valued at $23,972,000 after purchasing an additional 1,203 shares in the last quarter. 76.48% of the stock is owned by hedge funds and other institutional investors.

Nucor Trading Up 2.8%

Shares of NUE stock opened at $247.81 on Friday. Nucor Corporation has a 52-week low of $131.32 and a 52-week high of $270.90. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. The firm has a market capitalization of $56.44 billion, a PE ratio of 24.54, a PEG ratio of 0.57 and a beta of 1.91. The stock has a fifty day simple moving average of $239.91 and a two-hundred day simple moving average of $204.18.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The business had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $8.88 billion. During the same period last year, the firm earned $0.77 earnings per share. The business’s quarterly revenue was up 21.3% on a year-over-year basis. On average, analysts predict that Nucor Corporation will post 17.53 EPS for the current fiscal year.

Nucor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be given a dividend of $0.56 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. Nucor’s dividend payout ratio (DPR) is currently 22.18%.

Insider Activity at Nucor

In other Nucor news, EVP Allen C. Behr sold 10,096 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $226.08, for a total value of $2,282,503.68. Following the completion of the transaction, the executive vice president directly owned 62,871 shares in the company, valued at $14,213,875.68. This represents a 13.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Bradley Ford sold 2,240 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $232.13, for a total transaction of $519,971.20. Following the sale, the executive vice president directly owned 43,649 shares of the company’s stock, valued at approximately $10,132,242.37. This trade represents a 4.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,378 shares of company stock worth $18,963,930 in the last three months. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on NUE shares. JPMorgan Chase & Co. boosted their price target on Nucor from $240.00 to $282.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Citigroup reaffirmed a “positive” rating on shares of Nucor in a research note on Wednesday, July 15th. Barclays lifted their price objective on Nucor from $270.00 to $272.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Wall Street Zen upgraded Nucor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Finally, The Goldman Sachs Group increased their target price on shares of Nucor from $260.00 to $284.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $266.31.

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.