Nucor Corporation $NUE Shares Purchased by CSM Advisors LLC

CSM Advisors LLC grew its position in Nucor Corporation (NYSE:NUE) by 29.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,317 shares of the basic materials company’s stock after purchasing an additional 24,962 shares during the period. CSM Advisors LLC’s holdings in Nucor were worth $14,807,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NUE. Fox Run Management L.L.C. acquired a new position in shares of Nucor during the third quarter worth approximately $1,528,000. Penserra Capital Management LLC increased its position in Nucor by 15,814.3% in the 3rd 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 during the period. Allstate Corp acquired a new stake in Nucor in the 3rd quarter valued at approximately $1,085,000. Peterson Wealth Services raised its stake in Nucor by 587,032.0% during the 3rd 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 in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Nucor by 11.7% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 135,065 shares of the basic materials company’s stock valued at $17,496,000 after acquiring an additional 14,106 shares in the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NUE shares. JPMorgan Chase & Co. increased their price target on Nucor from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Weiss Ratings restated a “hold (c)” rating on shares of Nucor in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Nucor from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Jefferies Financial Group increased their target price on shares of Nucor from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, Seaport Research Partners raised their target price on shares of Nucor from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.90.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Kenneth Rex Query sold 7,452 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $196.02, for a total value of $1,460,741.04. Following the completion of the sale, the executive vice president directly owned 76,628 shares of the company’s stock, valued at approximately $15,020,620.56. This represents a 8.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allen C. Behr sold 7,568 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $188.50, for a total transaction of $1,426,568.00. Following the transaction, the executive vice president owned 67,711 shares of the company’s stock, valued at approximately $12,763,523.50. This trade represents a 10.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,351 shares of company stock valued at $6,206,158 over the last 90 days. Insiders own 0.46% of the company’s stock.

Nucor Stock Performance

Shares of NYSE NUE opened at $163.52 on Friday. Nucor Corporation has a 1 year low of $97.59 and a 1 year high of $196.90. The firm has a market cap of $37.25 billion, a P/E ratio of 21.69, a PEG ratio of 0.58 and a beta of 1.83. The stock has a fifty day moving average price of $177.20 and a two-hundred day moving average price of $158.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.57 and a current ratio of 2.94.

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 firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.93 billion. Nucor had a return on equity of 8.26% and a net margin of 5.37%.The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 EPS. Research analysts forecast that Nucor Corporation will post 7.64 EPS for the current fiscal year.

Nucor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Tuesday, March 31st will be given a $0.56 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.24 annualized dividend and a yield of 1.4%. Nucor’s payout ratio is 29.71%.

Nucor declared that its board has initiated a stock buyback program on Friday, February 20th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to reacquire up to 9.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.