Hillman Capital Management Inc. Has $441,000 Position in Nucor Corporation $NUE

Hillman Capital Management Inc. lowered its holdings in shares of Nucor Corporation (NYSE:NUE) by 88.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,703 shares of the basic materials company’s stock after selling 19,783 shares during the quarter. Hillman Capital Management Inc.’s holdings in Nucor were worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Nucor by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 28,407,540 shares of the basic materials company’s stock worth $4,633,554,000 after buying an additional 144,038 shares in the last quarter. Morgan Stanley boosted its stake in Nucor by 1.1% during the fourth quarter. Morgan Stanley now owns 3,853,205 shares of the basic materials company’s stock worth $628,497,000 after buying an additional 41,728 shares in the last quarter. Norges Bank acquired a new stake in Nucor during the fourth quarter worth $609,002,000. Capital World Investors boosted its stake in Nucor by 20.1% during the third quarter. Capital World Investors now owns 3,042,761 shares of the basic materials company’s stock worth $412,081,000 after buying an additional 509,019 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Nucor by 11.1% during the fourth quarter. Nordea Investment Management AB now owns 2,103,000 shares of the basic materials company’s stock worth $342,642,000 after buying an additional 210,577 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have 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. Jefferies Financial Group boosted their target price on shares of Nucor from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded shares of Nucor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. KeyCorp began coverage on shares of Nucor in a research note on Wednesday, March 25th. They issued a “sector weight” rating on the stock. Finally, CICC Research began coverage on shares of Nucor in a research note on Monday, May 25th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Nucor presently has an average rating of “Moderate Buy” and an average price target of $264.50.

Insiders Place Their Bets

In related news, EVP Noah C. Hanners sold 6,472 shares of Nucor stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $226.50, for a total value of $1,465,908.00. Following the completion of the transaction, the executive vice president directly owned 50,377 shares of the company’s stock, valued at $11,410,390.50. The trade was a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $2,729,337.60. Following the sale, the executive vice president directly owned 97,865 shares of the company’s stock, valued at $25,294,187.90. This represents a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 82,378 shares of company stock valued at $18,963,930 over the last three months. Company insiders own 0.62% of the company’s stock.

Nucor Stock Performance

Nucor stock opened at $259.36 on Wednesday. The stock has a 50-day simple moving average of $226.08 and a 200 day simple moving average of $190.36. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.30. Nucor Corporation has a 12-month low of $120.40 and a 12-month high of $270.90. The stock has a market capitalization of $59.07 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 0.66 and a beta of 1.88.

Nucor (NYSE:NUE) last released its quarterly earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The business had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $8.88 billion. During the same period in the previous year, the business posted $0.77 earnings per share. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. On average, research analysts anticipate that Nucor Corporation will post 15.71 earnings per share for the current fiscal year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, June 30th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Nucor’s payout ratio is currently 22.18%.

Nucor announced that its Board of Directors has authorized a stock buyback program on Friday, February 20th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the basic materials company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Nucor News Roundup

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Goldman Sachs raised its price target on Nucor to $284 from $260 and reiterated a buy rating, signaling further upside from current levels. MarketScreener
• Positive Sentiment: Nucor was highlighted in Zacks relative-price-strength screens, which point to strong recent performance and rising earnings estimate revisions. Yahoo Finance/Zacks
• Positive Sentiment: Recent articles noted that Nucor has posted strong short-term and longer-term share-price gains, prompting investors to reassess valuation but also reinforcing momentum in the stock. Yahoo Finance
• Neutral Sentiment: Other market commentary compared Nucor’s performance with peers in basic materials and noted sector-wide rotation, but did not point to a company-specific catalyst. Yahoo Finance
• Neutral Sentiment: Articles about Nucor being a “relative price strength winner” and a momentum stock are supportive, but they mainly reflect recent trading behavior rather than a new fundamental development. Yahoo Finance

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.