PensionDanmark Pensionsforsikringsaktieselskab Has $5.34 Million Holdings in Nucor Corporation $NUE

PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in shares of Nucor Corporation (NYSE:NUE) by 51.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,955 shares of the basic materials company’s stock after acquiring an additional 8,115 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Nucor were worth $5,336,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Stance Capital LLC bought a new position in shares of Nucor during the third quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in shares of Nucor in the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC bought a new stake in shares of Nucor in the fourth quarter valued at approximately $32,000. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Nucor by 49.2% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 191 shares of the basic materials company’s stock valued at $32,000 after buying an additional 63 shares during the period. Finally, Mcguire Capital Advisors Inc. acquired a new stake in Nucor during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

NUE has been the topic of a number of recent research reports. Morgan Stanley set a $270.00 price objective on Nucor in a research note on Wednesday, July 29th. Wall Street Zen upgraded Nucor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Wells Fargo & Company increased their target price on Nucor from $283.00 to $297.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. BMO Capital Markets raised their price target on Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, UBS Group boosted their price target on Nucor from $224.00 to $256.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Twelve equities 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 stock has an average rating of “Moderate Buy” and a consensus target price of $273.31.

Nucor Stock Up 0.1%

Shares of NUE opened at $272.89 on Monday. The firm has a 50 day simple moving average of $245.67 and a two-hundred day simple moving average of $211.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.36. Nucor Corporation has a one year low of $131.32 and a one year high of $280.11. The company has a market cap of $62.15 billion, a P/E ratio of 21.76, a P/E/G ratio of 0.60 and a beta of 1.89.

Nucor (NYSE:NUE) last issued its earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.38. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The firm had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.15 billion. During the same quarter last year, the business posted $2.60 EPS. The company’s revenue was up 23.0% compared to the same quarter last year. Research analysts forecast that Nucor Corporation will post 18.02 EPS for the current fiscal year.

Nucor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.24 annualized dividend and a yield of 0.8%. Nucor’s dividend payout ratio (DPR) is 17.86%.

Insiders Place Their Bets

In other Nucor news, EVP John J. Hollatz sold 10,560 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $258.46, for a total transaction of $2,729,337.60. Following the completion of the transaction, the executive vice president owned 97,865 shares of the company’s stock, valued at approximately $25,294,187.90. The trade was a 9.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Randy J. Spicer sold 2,500 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $225.00, for a total transaction of $562,500.00. Following the completion of the transaction, the executive vice president directly owned 20,510 shares of the company’s stock, valued at $4,614,750. This trade represents a 10.86% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 21,028 shares of company stock worth $5,355,535. Insiders own 0.62% of the company’s stock.

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.