Mn Services Vermogensbeheer B.V. Sells 5,300 Shares of Nucor Corporation $NUE

Mn Services Vermogensbeheer B.V. trimmed its position in Nucor Corporation (NYSE:NUE) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,681 shares of the basic materials company’s stock after selling 5,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Nucor were worth $5,983,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in Nucor by 21.1% during the first quarter. Integrated Wealth Concepts LLC now owns 3,266 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 568 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Nucor in the first quarter worth about $259,000. Geneos Wealth Management Inc. lifted its position in shares of Nucor by 81.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 153 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Nucor during the 2nd quarter worth about $390,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Nucor during the 2nd quarter valued at approximately $39,000. 76.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Nucor

In other news, EVP Allen C. Behr sold 7,568 shares of the stock in a transaction 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 completion of the transaction, the executive vice president owned 67,711 shares in the company, valued at approximately $12,763,523.50. This represents a 10.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel R. Needham sold 3,881 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $178.00, for a total transaction of $690,818.00. Following the transaction, the executive vice president directly owned 88,298 shares of the company’s stock, valued at $15,717,044. The trade was a 4.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,401 shares of company stock valued at $4,936,152 in the last 90 days. 0.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on NUE shares. Seaport Research Partners raised their target price on Nucor from $170.00 to $185.00 and gave the company a “buy” rating in a report on Friday, January 30th. JPMorgan Chase & Co. increased their price objective on Nucor from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, December 5th. Weiss Ratings restated a “hold (c)” rating on shares of Nucor in a research note on Monday, December 29th. UBS Group raised shares of Nucor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $184.00 to $190.00 in a research report on Thursday, March 26th. Finally, Jefferies Financial Group increased their price target on shares of Nucor from $190.00 to $200.00 and gave the company a “buy” rating in a report on Monday, January 12th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $190.30.

Nucor Trading Down 0.8%

Nucor stock opened at $172.26 on Friday. The business has a 50 day moving average price of $175.29 and a two-hundred day moving average price of $160.27. The company has a quick ratio of 1.57, a current ratio of 2.94 and a debt-to-equity ratio of 0.31. Nucor Corporation has a 12 month low of $97.59 and a 12 month high of $196.90. The stock has a market cap of $39.21 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 0.62 and a beta of 1.73.

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

Nucor announced that its board has authorized a stock repurchase plan 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 purchase up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Nucor Announces Dividend

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 paid a dividend of $0.56 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.24 dividend on an annualized basis and a yield of 1.3%. Nucor’s payout ratio is currently 29.71%.

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.