NEOS Investment Management LLC Buys 11,221 Shares of Nucor Corporation $NUE

NEOS Investment Management LLC increased its position in shares of Nucor Corporation (NYSE:NUE) by 64.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,694 shares of the basic materials company’s stock after buying an additional 11,221 shares during the period. NEOS Investment Management LLC’s holdings in Nucor were worth $3,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of NUE. Whittier Trust Co. increased its stake 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 purchasing an additional 70 shares during the period. IMA Advisory Services Inc. raised its holdings in Nucor by 51.4% in the 2nd quarter. IMA Advisory Services Inc. now owns 221 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 75 shares in the last quarter. HUB Investment Partners LLC grew its holdings in shares of Nucor by 1.9% during the 2nd quarter. HUB Investment Partners LLC now owns 4,099 shares of the basic materials company’s stock worth $531,000 after purchasing an additional 75 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of Nucor by 1.9% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 4,326 shares of the basic materials company’s stock worth $560,000 after purchasing an additional 79 shares during the period. Finally, Versant Capital Management Inc grew its stake in Nucor by 23.2% during the third quarter. Versant Capital Management Inc now owns 425 shares of the basic materials company’s stock worth $58,000 after buying an additional 80 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling at Nucor

In other Nucor news, EVP Daniel R. Needham sold 3,881 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $178.00, for a total value of $690,818.00. Following the completion of the sale, the executive vice president owned 88,298 shares in the company, valued at approximately $15,717,044. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth Rex Query sold 7,452 shares of the company’s stock in a transaction on 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 completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 34,351 shares of company stock worth $6,206,158 over the last 90 days. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NUE shares. BNP Paribas Exane increased their price target on Nucor from $165.00 to $185.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. UBS Group lowered shares of Nucor from a “buy” rating to a “neutral” rating and set a $183.00 target price on the stock. in a report on Wednesday, January 28th. Wall Street Zen raised Nucor from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Citigroup increased their price target on Nucor from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Seaport Research Partners increased their target price on shares of Nucor from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $179.36.

Nucor Price Performance

Shares of NYSE NUE opened at $180.14 on Friday. 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 capitalization of $41.23 billion, a PE ratio of 23.89, a PEG ratio of 0.66 and a beta of 1.86. The stock’s 50 day moving average price is $173.95 and its 200-day moving average price is $155.01. Nucor Corporation has a twelve month low of $97.59 and a twelve month high of $196.90.

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

Nucor Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, December 31st were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, December 31st. This is a positive change from Nucor’s previous quarterly dividend of $0.55. Nucor’s dividend payout ratio (DPR) 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.