FCG Investment Co Raises Stock Position in Nucor Corporation $NUE

FCG Investment Co boosted its position in Nucor Corporation (NYSE:NUE) by 284.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,921 shares of the basic materials company’s stock after purchasing an additional 7,343 shares during the quarter. FCG Investment Co’s holdings in Nucor were worth $1,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in NUE. Berkshire Hathaway Inc purchased a new stake in shares of Nucor in the second quarter worth $856,792,000. Norges Bank bought a new position in Nucor in the 2nd quarter worth about $479,858,000. Greenwich Wealth Management LLC purchased a new stake in shares of Nucor in the 2nd quarter valued at about $123,145,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Nucor in the 2nd quarter valued at about $105,435,000. Finally, AQR Capital Management LLC grew its holdings in shares of Nucor by 580.9% during the second quarter. AQR Capital Management LLC now owns 653,845 shares of the basic materials company’s stock worth $84,699,000 after purchasing an additional 557,819 shares in the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

Nucor Stock Performance

NYSE:NUE opened at $157.69 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.51 and a current ratio of 2.77. Nucor Corporation has a fifty-two week low of $97.59 and a fifty-two week high of $168.07. The firm has a market cap of $36.09 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.24 and a beta of 1.85. The business has a 50 day moving average price of $150.06 and a 200-day moving average price of $141.79.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, October 27th. The basic materials company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.33. The company had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.27 billion. Nucor had a net margin of 5.18% and a return on equity of 7.80%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.49 EPS. Nucor has set its Q4 2025 guidance at -2.630 EPS. Equities research analysts predict that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, December 31st will be paid a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This is a boost from Nucor’s previous quarterly dividend of $0.55. This represents a $2.24 annualized dividend and a dividend yield of 1.4%. Nucor’s payout ratio is 30.90%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NUE shares. Citigroup raised their target price on shares of Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Wells Fargo & Company set a $176.00 price objective on shares of Nucor in a research report on Thursday. Bank of America upped their price objective on Nucor from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, September 15th. The Goldman Sachs Group raised their price objective on Nucor from $173.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Finally, Jefferies Financial Group upped their target price on Nucor from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $172.60.

Insider Activity at Nucor

In other Nucor news, EVP Allen C. Behr sold 9,042 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $151.28, for a total transaction of $1,367,873.76. Following the completion of the transaction, the executive vice president owned 73,661 shares of the company’s stock, valued at $11,143,436.08. This represents a 10.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John J. Hollatz sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $149.88, for a total value of $1,049,160.00. Following the completion of the sale, the executive vice president owned 96,550 shares of the company’s stock, valued at approximately $14,470,914. This trade represents a 6.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,045 shares of company stock worth $2,720,628 in the last 90 days. Company insiders own 0.46% of the company’s stock.

Nucor Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.