Xponance Inc. Has $7.62 Million Holdings in Nucor Corporation $NUE

Xponance Inc. grew its holdings in Nucor Corporation (NYSE:NUE) by 7.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,271 shares of the basic materials company’s stock after acquiring an additional 4,093 shares during the quarter. Xponance Inc.’s holdings in Nucor were worth $7,621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. IMA Advisory Services Inc. raised its stake in Nucor by 51.4% during the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 75 shares during the last quarter. AXS Investments LLC acquired a new stake in Nucor in the 3rd quarter worth $37,000. Vision Financial Markets LLC increased its holdings in shares of Nucor by 281.7% during the 3rd quarter. Vision Financial Markets LLC now owns 271 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 200 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Nucor during the second quarter valued at about $39,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Nucor by 81.8% in the first quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock valued at $41,000 after buying an additional 153 shares during the period. Institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

Nucor stock opened at $176.64 on Friday. The business has a 50 day simple moving average of $175.86 and a 200 day simple moving average of $156.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.94 and a quick ratio of 1.57. The company has a market capitalization of $40.23 billion, a PE ratio of 23.43, a price-to-earnings-growth ratio of 0.64 and a beta of 1.86. Nucor Corporation has a one year low of $97.59 and a one year high of $196.90.

Nucor (NYSE:NUE) last released its quarterly earnings data on Monday, January 26th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.18). The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.93 billion. Nucor had a return on equity of 8.26% and a net margin of 5.37%.The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.22 earnings per share. On average, sell-side analysts forecast that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Nucor’s dividend payout ratio (DPR) is currently 29.71%.

Nucor announced that its Board of Directors has approved a stock repurchase program on Friday, February 20th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the basic materials company to buy up to 9.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NUE. Wells Fargo & Company boosted their price target on Nucor from $176.00 to $184.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. BNP Paribas Exane lifted their price objective on Nucor from $165.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Seaport Research Partners boosted their price objective on Nucor from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Wall Street Zen upgraded Nucor from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Nucor in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Nucor has a consensus rating of “Moderate Buy” and a consensus target price of $179.36.

Insider Activity

In other news, EVP Allen C. Behr sold 7,568 shares of Nucor stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $188.50, for a total value of $1,426,568.00. Following the completion of the transaction, the executive vice president owned 67,711 shares in the company, valued at approximately $12,763,523.50. The trade was a 10.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Thomas J. Batterbee sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $165.28, for a total value of $330,560.00. Following the sale, the executive vice president owned 17,952 shares in the company, valued at approximately $2,967,106.56. This trade represents a 10.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,351 shares of company stock valued at $6,206,158 in the last ninety days. 0.46% of the stock is currently owned by corporate insiders.

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.