11,282 Shares in Nucor Corporation $NUE Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Nucor Corporation (NYSE:NUE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,282 shares of the basic materials company’s stock, valued at approximately $1,528,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NUE. Monetta Financial Services Inc. purchased a new stake in Nucor during the 3rd quarter worth approximately $1,422,000. Mufg Securities Americas Inc. boosted its stake in Nucor by 21.0% during the 3rd quarter. Mufg Securities Americas Inc. now owns 6,190 shares of the basic materials company’s stock valued at $838,000 after acquiring an additional 1,076 shares during the last quarter. First Financial Bankshares Inc bought a new stake in shares of Nucor in the 3rd quarter worth about $248,000. Compound Planning Inc. increased its position in shares of Nucor by 4.1% in the 3rd quarter. Compound Planning Inc. now owns 4,321 shares of the basic materials company’s stock worth $585,000 after purchasing an additional 171 shares during the last quarter. Finally, Nkcfo LLC acquired a new stake in shares of Nucor in the 3rd quarter valued at about $2,682,000. 76.48% of the stock is owned by hedge funds and other institutional investors.

Nucor Stock Down 2.1%

Nucor stock opened at $175.13 on Wednesday. The company’s 50-day moving average price is $174.84 and its two-hundred day moving average price is $156.08. The stock has a market cap of $40.08 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 0.64 and a beta of 1.86. Nucor Corporation has a 52 week low of $97.59 and a 52 week high of $196.90. The company has a current ratio of 2.94, a quick ratio of 1.57 and a debt-to-equity ratio of 0.31.

Nucor (NYSE:NUE) last posted its quarterly earnings data on Monday, January 26th. The basic materials company reported $1.73 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.18). The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.93 billion. Nucor had a net margin of 5.37% and a return on equity of 8.26%. Nucor’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 EPS. On average, analysts expect that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Nucor’s payout ratio is presently 29.71%.

Nucor declared that its Board of Directors has authorized a share buyback program 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 buy up to 9.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages recently weighed in on NUE. JPMorgan Chase & Co. boosted their price objective on Nucor from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, December 5th. UBS Group lowered shares of Nucor from a “buy” rating to a “neutral” rating and set a $183.00 price target for the company. in a report on Wednesday, January 28th. Seaport Research Partners increased their price objective on shares of Nucor from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. BMO Capital Markets restated an “outperform” rating on shares of Nucor in a research note on Wednesday, October 29th. Finally, Morgan Stanley restated an “equal weight” rating and set a $180.00 price objective (up from $165.00) on shares of Nucor in a research report on Friday, January 9th. Eight 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 currently has an average rating of “Moderate Buy” and a consensus price target of $179.36.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Allen C. Behr sold 7,568 shares of Nucor 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 transaction, the executive vice president owned 67,711 shares in the company, valued at approximately $12,763,523.50. The trade was a 10.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas J. Batterbee sold 2,000 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $165.28, for a total value of $330,560.00. Following the sale, the executive vice president owned 17,952 shares of the company’s stock, 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. In the last quarter, insiders have sold 34,351 shares of company stock worth $6,206,158. Company insiders own 0.71% of the company’s stock.

Nucor Company 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.