Nucor Corporation $NUE Holdings Boosted by Natixis Advisors LLC

Natixis Advisors LLC boosted its holdings in Nucor Corporation (NYSE:NUE) by 163.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 282,534 shares of the basic materials company’s stock after acquiring an additional 175,232 shares during the period. Natixis Advisors LLC’s holdings in Nucor were worth $46,085,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Empirical Asset Management LLC grew its holdings in Nucor by 2.6% in the 4th quarter. Empirical Asset Management LLC now owns 2,130 shares of the basic materials company’s stock worth $347,000 after buying an additional 54 shares in the last quarter. Krilogy Financial LLC grew its holdings in Nucor by 4.1% in the 4th quarter. Krilogy Financial LLC now owns 1,531 shares of the basic materials company’s stock worth $272,000 after buying an additional 61 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in Nucor by 3.6% in the 4th 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. HUB Investment Partners LLC grew its holdings in Nucor by 1.9% in the 2nd quarter. HUB Investment Partners LLC now owns 4,099 shares of the basic materials company’s stock worth $531,000 after buying an additional 75 shares in the last quarter. Finally, Global Assets Advisory LLC grew its holdings in Nucor by 3.0% in the 4th quarter. Global Assets Advisory LLC now owns 2,677 shares of the basic materials company’s stock worth $437,000 after buying an additional 77 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BNP Paribas Exane increased their price objective on Nucor from $210.00 to $248.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. KeyCorp initiated coverage on Nucor in a report on Wednesday, March 25th. They set a “sector weight” rating on the stock. UBS Group cut Nucor from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $190.00 to $224.00 in a report on Tuesday, April 28th. JPMorgan Chase & Co. boosted their target price on Nucor from $212.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group boosted their target price on Nucor from $240.00 to $260.00 in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Nucor has an average rating of “Moderate Buy” and an average price target of $251.67.

Insider Buying and Selling

In other Nucor news, EVP David A. Sumoski sold 33,068 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $225.67, for a total value of $7,462,455.56. Following the transaction, the executive vice president owned 243,339 shares of the company’s stock, valued at approximately $54,914,312.13. This represents a 11.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Allen C. Behr sold 10,096 shares of the company’s stock in a transaction on Monday, May 4th. The shares were 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,818 shares of company stock valued at $16,234,593 in the last three months. Insiders own 0.62% of the company’s stock.

Nucor Price Performance

NYSE NUE opened at $258.28 on Thursday. The stock has a market capitalization of $58.82 billion, a P/E ratio of 25.57, a P/E/G ratio of 0.68 and a beta of 1.88. Nucor Corporation has a 1 year low of $115.66 and a 1 year high of $261.47. The business’s fifty day moving average is $209.87 and its two-hundred day moving average is $183.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.41. The company had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $8.88 billion. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The firm’s revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. On average, research analysts forecast that Nucor Corporation will post 14.84 earnings per share for the current fiscal year.

Nucor declared that its board has initiated a stock buyback plan on Friday, February 20th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to reacquire up to 9.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.