SBI Securities Co. Ltd. Cuts Stock Holdings in Nucor Corporation $NUE

SBI Securities Co. Ltd. decreased its position in Nucor Corporation (NYSE:NUE) by 82.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,154 shares of the basic materials company’s stock after selling 5,324 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Nucor were worth $156,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Savant Capital LLC boosted its holdings in Nucor by 8.4% during the third quarter. Savant Capital LLC now owns 17,266 shares of the basic materials company’s stock worth $2,338,000 after purchasing an additional 1,341 shares during the last quarter. Unison Advisors LLC boosted its stake in shares of Nucor by 0.4% in the 3rd quarter. Unison Advisors LLC now owns 42,822 shares of the basic materials company’s stock worth $5,823,000 after buying an additional 169 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Nucor by 10.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,390 shares of the basic materials company’s stock worth $188,000 after buying an additional 135 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of Nucor by 15,814.3% in the third quarter. Penserra Capital Management LLC now owns 3,342 shares of the basic materials company’s stock valued at $452,000 after acquiring an additional 3,321 shares in the last quarter. Finally, Peterson Wealth Services increased its position in shares of Nucor by 587,032.0% during the third quarter. Peterson Wealth Services now owns 146,783 shares of the basic materials company’s stock valued at $19,879,000 after acquiring an additional 146,758 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on NUE. Morgan Stanley reissued an “equal weight” rating and issued a $180.00 price objective (up previously from $165.00) on shares of Nucor in a research report on Friday, January 9th. Wells Fargo & Company boosted their price target on shares of Nucor from $176.00 to $184.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. The Goldman Sachs Group increased their price target on shares of Nucor from $182.00 to $196.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nucor in a research report on Monday, December 29th. Finally, BNP Paribas Exane increased their target price 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. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.36.

Insider Buying and Selling

In other news, EVP Allen C. Behr sold 7,568 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $188.50, for a total value of $1,426,568.00. Following the completion of the transaction, the executive vice president directly owned 67,711 shares in the company, valued at approximately $12,763,523.50. This trade represents a 10.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas J. Batterbee sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $165.28, for a total transaction of $330,560.00. Following the sale, the executive vice president directly owned 17,952 shares in the company, valued at $2,967,106.56. This trade represents a 10.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,899 shares of company stock worth $5,794,577 in the last 90 days. 0.71% of the stock is owned by company insiders.

Nucor Price Performance

NYSE NUE opened at $193.10 on Tuesday. 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 company has a market cap of $44.19 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 0.70 and a beta of 1.86. Nucor Corporation has a 52 week low of $97.59 and a 52 week high of $193.50. The firm’s 50-day simple moving average is $170.09 and its two-hundred day simple moving average is $152.74.

Nucor (NYSE:NUE) last posted its earnings results on Monday, January 26th. The basic materials company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.18). The business 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 revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 EPS. Research analysts predict that Nucor Corporation will post 7.64 earnings per share for the current year.

Nucor Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 11th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.56 per share. This is a positive change from Nucor’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.24 dividend on an annualized basis and a yield of 1.2%. Nucor’s payout ratio is currently 29.71%.

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.