J. Safra Sarasin Holding AG Acquires 3,239 Shares of Nucor Corporation $NUE

J. Safra Sarasin Holding AG lifted its stake in Nucor Corporation (NYSE:NUE) by 21.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,123 shares of the basic materials company’s stock after purchasing an additional 3,239 shares during the period. J. Safra Sarasin Holding AG’s holdings in Nucor were worth $2,956,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton increased its position in Nucor by 3.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,011 shares of the basic materials company’s stock worth $328,000 after buying an additional 69 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Nucor by 5.6% during the 3rd quarter. Whittier Trust Co. now owns 1,330 shares of the basic materials company’s stock valued at $184,000 after buying an additional 70 shares in the last quarter. HUB Investment Partners LLC lifted its position in shares of Nucor by 1.9% during the 2nd quarter. HUB Investment Partners LLC now owns 4,099 shares of the basic materials company’s stock valued at $531,000 after buying an additional 75 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Nucor by 23.2% during the 3rd quarter. Versant Capital Management Inc now owns 425 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 80 shares during the period. Finally, True North Advisors LLC grew its stake in shares of Nucor by 3.9% during the 3rd quarter. True North Advisors LLC now owns 2,195 shares of the basic materials company’s stock valued at $297,000 after acquiring an additional 82 shares during the period. 76.48% of the stock is owned by institutional investors.

Nucor Trading Up 2.6%

Shares of Nucor stock opened at $169.07 on Wednesday. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $196.90. The company has a quick ratio of 1.57, a current ratio of 2.94 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $175.57 and a 200-day moving average price of $160.09. The firm has a market cap of $38.51 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 0.59 and a beta of 1.83.

Nucor (NYSE:NUE) last posted its earnings results on Monday, January 26th. The basic materials company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.18). The firm had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.93 billion. Nucor had a return on equity of 8.26% and a net margin of 5.37%.Nucor’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 earnings per share. Equities research analysts anticipate that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, March 31st. Nucor’s dividend payout ratio is currently 29.71%.

Nucor announced that its board has authorized a share repurchase program on Friday, February 20th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NUE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Nucor from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Nucor in a research note on Monday, December 29th. BNP Paribas Exane raised their price objective on shares of Nucor from $165.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Wells Fargo & Company raised their price objective on shares of Nucor from $194.00 to $197.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. Finally, Jefferies Financial Group lifted their target price on shares of Nucor from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Nine analysts have rated the stock with a Buy rating and three have assigned 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 price target of $188.90.

Insider Activity

In related news, EVP Kenneth Rex Query sold 7,452 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $196.02, for a total value of $1,460,741.04. Following the completion of the transaction, the executive vice president directly owned 76,628 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, EVP Allen C. Behr sold 7,568 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $188.50, for a total transaction of $1,426,568.00. Following the completion of the sale, the executive vice president owned 67,711 shares in the company, valued at $12,763,523.50. This represents a 10.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 26,401 shares of company stock worth $4,936,152. 0.71% of the stock is currently owned by 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.