Clear Trail Advisors LLC Invests $572,000 in Nucor Corporation $NUE

Clear Trail Advisors LLC purchased a new stake in Nucor Corporation (NYSE:NUE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,505 shares of the basic materials company’s stock, valued at approximately $572,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NUE. Rosenberg Matthew Hamilton raised its holdings in Nucor by 3.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,011 shares of the basic materials company’s stock worth $328,000 after buying an additional 69 shares during the last quarter. Whittier Trust Co. increased its position in shares of Nucor by 5.6% during the third quarter. Whittier Trust Co. now owns 1,330 shares of the basic materials company’s stock worth $184,000 after acquiring an additional 70 shares in the last quarter. HUB Investment Partners LLC increased its position in shares of Nucor by 1.9% during the second quarter. HUB Investment Partners LLC now owns 4,099 shares of the basic materials company’s stock worth $531,000 after acquiring an additional 75 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Nucor by 23.2% in the 3rd quarter. Versant Capital Management Inc now owns 425 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 80 shares during the last quarter. Finally, True North Advisors LLC lifted its position in Nucor by 3.9% in the 3rd quarter. True North Advisors LLC now owns 2,195 shares of the basic materials company’s stock valued at $297,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling

In related news, EVP Daniel R. Needham sold 3,881 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $178.00, for a total transaction of $690,818.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth Rex Query sold 7,452 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $196.02, for a total transaction of $1,460,741.04. Following the sale, the executive vice president owned 76,628 shares of the company’s stock, valued at $15,020,620.56. This trade represents a 8.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 26,401 shares of company stock valued at $4,936,152. 0.71% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley reissued an “equal weight” rating and set a $180.00 price objective (up from $165.00) on shares of Nucor in a report on Friday, January 9th. BNP Paribas Exane lifted their target price on Nucor from $165.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. BMO Capital Markets upped their price target on Nucor from $190.00 to $196.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Nucor in a research report on Monday, December 29th. Finally, The Goldman Sachs Group raised their price objective on Nucor from $182.00 to $196.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $188.30.

Nucor Price Performance

Shares of NYSE NUE opened at $160.76 on Tuesday. The company has a market capitalization of $36.62 billion, a PE ratio of 21.32, a PEG ratio of 0.57 and a beta of 1.83. 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 stock’s 50 day moving average price is $176.54 and its 200-day moving average price is $159.17. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $196.90.

Nucor (NYSE:NUE) last issued its quarterly earnings results 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). Nucor had a net margin of 5.37% and a return on equity of 8.26%. The business had revenue of $7.69 billion for the quarter, compared to analysts’ expectations of $7.93 billion. During the same period in the previous year, the business posted $1.22 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Nucor Corporation will post 7.64 EPS for the current year.

Nucor declared that its Board of Directors has authorized a stock repurchase plan 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 plans are usually an indication that the company’s management believes its shares are undervalued.

Nucor Announces Dividend

The firm 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 1.4%. The ex-dividend date is Tuesday, March 31st. Nucor’s payout ratio is presently 29.71%.

Nucor 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.