Nucor Corporation $NUE Shares Sold by iSAM Funds UK Ltd

iSAM Funds UK Ltd decreased its stake in Nucor Corporation (NYSE:NUE) by 77.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,100 shares of the basic materials company’s stock after selling 7,268 shares during the quarter. iSAM Funds UK Ltd’s holdings in Nucor were worth $468,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Transamerica Financial Advisors LLC acquired a new position in Nucor during the 2nd quarter worth approximately $25,000. Stance Capital LLC acquired a new stake in Nucor in the third quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new stake in Nucor in the second quarter valued at approximately $27,000. Strive Financial Group LLC purchased a new stake in shares of Nucor during the fourth quarter valued at approximately $27,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Nucor during the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insider Transactions at Nucor

In other news, COO Stephen D. Laxton sold 3,968 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the transaction, the chief operating officer owned 77,867 shares of the company’s stock, valued at approximately $20,008,704.32. This trade represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas J. Batterbee sold 4,000 shares of Nucor stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $261.02, for a total value of $1,044,080.00. Following the completion of the transaction, the executive vice president owned 16,138 shares of the company’s stock, valued at $4,212,340.76. This trade represents a 19.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.62% of the company’s stock.

Nucor Stock Performance

Nucor stock opened at $263.80 on Thursday. Nucor Corporation has a 52 week low of $131.32 and a 52 week high of $280.11. The company has a current ratio of 2.51, a quick ratio of 1.36 and a debt-to-equity ratio of 0.27. The stock has a market cap of $59.85 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 0.93 and a beta of 1.87. The stock has a 50 day moving average of $247.46 and a 200-day moving average of $220.49.

Nucor (NYSE:NUE) last issued its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.38. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The business had revenue of $10.40 billion during the quarter, compared to analyst estimates of $10.15 billion. During the same quarter in the previous year, the firm earned $2.60 earnings per share. The business’s revenue was up 23.0% compared to the same quarter last year. On average, analysts expect that Nucor Corporation will post 17.95 EPS for the current fiscal year.

Nucor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Tuesday, June 30th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 30th. Nucor’s dividend payout ratio is 17.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NUE shares. Wall Street Zen upgraded shares of Nucor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Argus lifted their price target on shares of Nucor from $200.00 to $262.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Weiss Ratings upgraded shares of Nucor from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 25th. BMO Capital Markets upped their price objective on shares of Nucor from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, Bank of America lowered their target price on Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.38.

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.