Nucor Corporation $NUE Shares Sold by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. decreased its holdings in shares of Nucor Corporation (NYSE:NUE) by 10.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 42,383 shares of the basic materials company’s stock after selling 5,014 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Nucor were worth $7,167,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Integrated Wealth Concepts LLC grew its stake in Nucor by 21.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,266 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 568 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Nucor in the 1st quarter worth approximately $259,000. Geneos Wealth Management Inc. lifted its stake in Nucor by 81.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 153 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Nucor during the 2nd quarter worth approximately $390,000. Finally, Cerity Partners LLC boosted its holdings in shares of Nucor by 51.9% during the 2nd quarter. Cerity Partners LLC now owns 40,629 shares of the basic materials company’s stock worth $5,263,000 after purchasing an additional 13,877 shares during the last quarter. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. BNP Paribas Exane increased their price target on Nucor from $210.00 to $248.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Citigroup boosted their price objective on Nucor from $180.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded Nucor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 14th. Bank of America raised their target price on Nucor from $265.00 to $290.00 in a research note on Friday, June 12th. Finally, Zacks Research lowered Nucor from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.92.

Nucor Trading Down 0.1%

NUE opened at $220.61 on Friday. The stock has a market capitalization of $50.24 billion, a PE ratio of 21.84, a P/E/G ratio of 0.50 and a beta of 1.91. Nucor Corporation has a one year low of $131.32 and a one year high of $270.90. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.55 and a current ratio of 2.90. The business’s 50 day moving average price is $237.84 and its 200 day moving average price is $196.89.

Nucor (NYSE:NUE) last posted its earnings results on Monday, April 27th. The basic materials company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.41. Nucor had a return on equity of 10.68% and a net margin of 6.82%.The company had revenue of $9.50 billion during the quarter, compared to analysts’ expectations of $8.88 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 21.3% compared to the same quarter last year. As a group, equities research analysts expect that Nucor Corporation will post 17.68 EPS for the current year.

Nucor Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, June 30th. Nucor’s payout ratio is 22.18%.

Insider Transactions at Nucor

In other Nucor news, EVP John J. Hollatz sold 10,560 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $258.46, for a total value of $2,729,337.60. Following the transaction, the executive vice president 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bradley Ford sold 2,240 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $232.13, for a total transaction of $519,971.20. Following the transaction, the executive vice president directly owned 43,649 shares of the company’s stock, valued at approximately $10,132,242.37. This trade represents a 4.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,378 shares of company stock worth $18,963,930 in the last 90 days. Insiders own 0.62% of the company’s stock.

About Nucor

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.