American Century Companies Inc. Has $35.60 Million Holdings in Nucor Corporation $NUE

American Century Companies Inc. lessened its holdings in Nucor Corporation (NYSE:NUE) by 43.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 262,895 shares of the basic materials company’s stock after selling 201,433 shares during the quarter. American Century Companies Inc. owned 0.11% of Nucor worth $35,604,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Caitlin John LLC acquired a new position in shares of Nucor during the 3rd quarter worth about $41,000. Banco Santander S.A. raised its holdings in Nucor by 9.1% during the third quarter. Banco Santander S.A. now owns 25,346 shares of the basic materials company’s stock worth $3,433,000 after acquiring an additional 2,105 shares in the last quarter. Xponance Inc. boosted its position in Nucor by 7.8% during the third quarter. Xponance Inc. now owns 56,271 shares of the basic materials company’s stock valued at $7,621,000 after purchasing an additional 4,093 shares during the last quarter. DNB Asset Management AS boosted its position in Nucor by 3.4% during the third quarter. DNB Asset Management AS now owns 48,214 shares of the basic materials company’s stock valued at $6,530,000 after purchasing an additional 1,588 shares during the last quarter. Finally, Choreo LLC grew its stake in Nucor by 2.7% in the third quarter. Choreo LLC now owns 10,875 shares of the basic materials company’s stock valued at $1,473,000 after purchasing an additional 286 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Analysts Set New Price Targets

NUE has been the topic of several recent analyst reports. BNP Paribas Exane boosted their price target on Nucor from $165.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. JPMorgan Chase & Co. raised their target price on shares of Nucor from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Seaport Research Partners upped their price target on shares of Nucor from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Wells Fargo & Company lifted their price objective on shares of Nucor from $184.00 to $194.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Finally, The Goldman Sachs Group lifted their price objective 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. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $187.90.

Insider Activity at Nucor

In related news, EVP Daniel R. Needham sold 3,881 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $178.00, for a total value of $690,818.00. Following the transaction, the executive vice president owned 88,298 shares in the company, valued at approximately $15,717,044. This represents a 4.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Allen C. Behr sold 7,568 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $188.50, for a total transaction of $1,426,568.00. Following the sale, the executive vice president owned 67,711 shares of the company’s stock, valued at $12,763,523.50. This trade represents a 10.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 34,351 shares of company stock worth $6,206,158. 0.46% of the stock is owned by corporate insiders.

Nucor Stock Performance

Shares of NYSE NUE opened at $168.58 on Friday. The company has a current ratio of 2.94, a quick ratio of 1.57 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $38.40 billion, a P/E ratio of 22.36, a P/E/G ratio of 0.61 and a beta of 1.83. Nucor Corporation has a 12 month low of $97.59 and a 12 month high of $196.90. The stock has a 50 day moving average of $176.90 and a 200-day moving average of $157.76.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, January 26th. The basic materials company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.18). Nucor had a net margin of 5.37% and a return on equity of 8.26%. The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.93 billion. During the same quarter last year, the company posted $1.22 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts predict that Nucor Corporation will post 7.64 EPS for the current year.

Nucor Announces Dividend

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

Nucor announced that its board 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 purchase up to 9.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.